The promoters of Patanjali Foods Ltd on Thursday said they do not foresee any adverse or negative impact on the financial position of the company owing to the instant freeze…
Category: Companies
Vinod Adani is part of ‘promoter group’ of ACC and Ambuja Cements, clarifies Adani Group
Adani Group on Thursday clarified that Vinod Adani, elder brother of conglomerate’s chairman Gautam Adani, is part of the “promoter group” of various listed entities within it. “We would like…
Richard Branson’s Virgin Orbit to pause ops, sends nearly all employees on furlough
On Wednesday, Richard Branson’s Virgin Orbit said that they are pausing all operations from March 16. According to the news agency Reuters, the satellite launch company, which is part of…
ED conducts search on Franklin Templeton’s top management
The Enforcement Directorate (ED) is reportedly conducting searches at some places linked to asset manager Franklin Templeton and its former and current executives as part of a money laundering investigation.…
‘Can stand out in this turbulence’: Uday Kotak is confident about India amidst global turmoil
Amidst global turmoil in the financial markets since the collapse of Silicon Valley Bank (SVB), and fresh trouble at Credit Suisse, billionaire Uday Kotak said that India can stand strong…
Future Retail executive chairman Kishore Biyani withdraws resignation letter after a month
Debt-ridden Future Retail Ltd (FRL) on Wednesday stated that Kishore Biyani, who had resigned as executive chairman and director of the company in January, has now withdrawn his resignation. Biyani…
Abu Dhabi Investment Authority invests $500 million in Lenskart
Lenskart announced on Wednesday that it has signed a definitive agreement with Abu Dhabi Investment Authority to raise $500 million amidst a market slump, as the Indian eyewear retailer expands…
Xiaomi’s slow shift in India to premium smartphones helps Samsung steal its crown
Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top…
‘Indian customers have higher-than-usual standards for customer service’: Agoda CEO Omri Morgenshtern
For digital travel platform, Agoda, part of Booking.com, India has been one of the most important markets in the APAC region and the brand has gradually grown its focus on…
US FDIC may need temporary guarantee for all bank deposits: Former chair Bair
The Federal Deposit Insurance Corp may need to seek temporary guarantees for all uninsured US bank deposits to stem a drain of funds from small and regional US lenders following…