UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse – a surprise move that seeks to take advantage of his experience…
Category: Companies
Adani Group responds to report on partial payment of $2.15 bn debt; here’s what it said
The Adani Group, in response to a media report that questioned the conglomerate’s repayment of its debt totalling $2.15 billion, called the claims “baseless and deliberately mischievous”. It reiterated that…
Jindal Stainless to acquire 49% stake in Indonesian company to secure nickel supply
Jindal Stainless said on Tuesday that it would acquire a 49 per cent stake in Indonesia-based New Yaking, as it seeks to secure a supply of nickel, which is a…
Adani Ports, Adani Transmission exposed to ‘higher contagion risks’: Fitch Ratings
Rating agency Fitch Ratings has said that two subsidiaries of the ports-to-power conglomerate Adani Group are exposed to higher contagion risks which could impact financial flexibility. Fitch attributed the contagion…
Adidas says Black Lives Matter design violates three-stripe trademark
Sneaker giant Adidas AG has asked the US Trademark Office to reject an application for a Black Lives Matter trademark featuring three parallel stripes, arguing it could mislead the public.…
‘Mischievous’: Adani Group refutes report that claimed share-backed debt not paid
Adani Group on Tuesday refuted a report that claimed the conglomerate had not paid all its loans against promoters’ shares. “Adani has completed full prepayment of margin linked share backed…
Adani debt: All margin loans of promoters fully paid, clarifies group CFO
Adani Group’s chief financial officer on Tuesday rejected a report that claimed the conglomerate had not paid all its loans against promoters’ shares. In a tweet, CFO Jugeshinder Singh suggested…
Major shake-up! Pepsi to be sold in UK, Ireland with 57% less sugar
In a major shake-up, PepsiCo UK and Ireland has reformulated the classic beverage Pepsi, which will now have 57 per cent less sugar. The international soft drinks conglomerate has confirmed…
Johnnie Walker-maker Diageo names Debra Crew as new CEO; joins ranks of a handful of women
Maker of popular spirits such as Johnnie Walker whisky, Tanqueray gin and Don Julio tequila, Diageo, appointed Debra Crew as its new CEO. Crew will replace long-time boss Ivan Menezes…
Despite layoffs, hiring intent sees increase, 64% employers keen to hire, shows report
Despite the ongoing global turmoil of layoffs, hiring intent in India has steadily increased over the past year. There is a 10 per cent increase in hiring intentions of the…