Average India increments are expected to go down from 9.4 per cent in 2022 to 9.1 per cent in 2023 across almost all sectors. While the Life Sciences sector will…
Category: Companies
How India has become a growing market for anti-flu drug Oseltamivir
It’s that time of the year again when the spread of influenza reaches fever pitch. And with the flu season on us, can medication to treat it be far behind?…
How freight corridors can make India into a global industrial hub
As some parts of India reeled under massive power outages in April 2022 due to a sharp decline in coal stocks at some of the country’s biggest thermal power plants,…
UBS rehires Ermotti as CEO to steer Credit Suisse takeover
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…
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…