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Santander Appoints Pedro Castro e Almeida as Regional Head for Europe, Focusing on Growth-thumnail

Santander Appoints Pedro Castro e Almeida as Regional Head for Europe, Focusing on Growth

Santander, the Spanish bank, has announced the appointment of Pedro Castro e Almeida as the regional head for Europe, highlighting the region as a key driver for future growth. Castro e Almeida will be taking over from Antonio Simoes, who has been selected as the new CEO of Britain’s Legal and General Group.

Business

Jun 15, 2023

According to Walmart’s CFO, Flipkart and PhonePe might be $100 billion companies in India-thumnail

According to Walmart’s CFO, Flipkart and PhonePe might be $100 billion companies in India

Although Walmart does not provide particular sales data for PhonePe and Flipkart, company leaders have recently emphasized the importance of these two businesses.

Business

Jun 15, 2023

Accenture will spend $3 billion on artificial intelligence over three years and will employ 80,000 people-thumnail

Accenture will spend $3 billion on artificial intelligence over three years and will employ 80,000 people

Accenture plans to spend $3 billion on data and artificial intelligence over the next three years. Global professional services provider Accenture has industry-leading expertise in digital, security, and cloud. combining unrivaled expertise and specialized knowledge in the areas of Interactive, Technology, Strategy, and Operations services. 

Business

Jun 14, 2023

TaxNodes Raises $1.6 Million in Seed Funding to Simplify Crypto Taxation and Compliance-thumnail

TaxNodes Raises $1.6 Million in Seed Funding to Simplify Crypto Taxation and Compliance

TaxNodes, with its end-to-end solutions, has secured a whopping $1.6 million in seed funding to streamline the intricacies of crypto taxation and compliance. Notable investors from the web3 and wealth

Business

Jun 14, 2023

‘By FY25, Apple may manufacture 18% of iPhones in India’-thumnail

‘By FY25, Apple may manufacture 18% of iPhones in India’

According to a report, the government’s production-linked incentive scheme for mobile phones may drive Apple may manufacture 18% of its global iPhones in India by FY25, with the possibility of further expansion if the larger scale incentivizes its vendors to also expand in the country.

Business

Jun 14, 2023

The resuscitation strategy of Vodafone Idea is being supported by a Rs 14,000 crore equity investment-thumnail

The resuscitation strategy of Vodafone Idea is being supported by a Rs 14,000 crore equity investment

According to persons familiar with the current negotiations, Vodafone Idea Ltd (Vi) intends to inject total equity of 14,000 crores shortly as part of its business rehabilitation strategy. Existing promoters Aditya Birla Group (ABG) and Vodafone Group Plc from the United Kingdom would contribute half of the total sum, they claimed.

Business

Jun 14, 2023

Up to 48% of MG Motor India is likely to be acquired by Sajjan Jindal-thumnail

Up to 48% of MG Motor India is likely to be acquired by Sajjan Jindal

According to a report in The Economic Times (ET), industrialist Sajjan Jindal intends to acquire stock in MG Motor India. The Chinese automaker SAIC Motor owns 100% of the subsidiary MG Motor India. According to the article, the joint venture will not have any impact on the listed companies of the Jindal group: JSW Steel and JSW Energy.

Business

Jun 14, 2023

Oil Prices Rise Amid Bargain Hunting, Cautious Investor Sentiment, and Economic Concerns-thumnail

Oil Prices Rise Amid Bargain Hunting, Cautious Investor Sentiment, and Economic Concerns

Oil prices witnessed a modest resurgence on Tuesday, propelled by opportunistic buying in response to the previous day’s decline. However, the extent of the gains was limited as investors maintained a prudent stance, considering the forthcoming policy determinations from central banks and lackluster economic indicators from China. Brent crude futures advanced by 1.1% to reach $72.64 per barrel, while U.S. West Texas Intermediate (WTI) crude recorded a 0.8% increase, reaching $67.64 per barrel.

Business

Jun 13, 2023

Blue Dart Announces Appointment of V N Iyer as Group CFO and Sudha Pai as CFO for Blue Dart Express Ltd-thumnail

Blue Dart Announces Appointment of V N Iyer as Group CFO and Sudha Pai as CFO for Blue Dart Express Ltd

Blue Dart Logistics names Sudha Pai as CFO for Blue Dart Express Ltd. and V N Iyer as Group CFO. Iyer brings expertise in aviation finance, while Pai is a qualified cost accountant. The appointments aim to enhance financial leadership and drive strategic objectives in a digital world.

Business

Jun 13, 2023

Egypt Seeks Trade in Local Currencies with India, Russia, and China-thumnail

Egypt Seeks Trade in Local Currencies with India, Russia, and China

Egypt’s Supply Minister, Ali Moselhy, clarified that there is no existing credit line with India, contrary to earlier reports by Bloomberg News. However, discussions are underway to explore the possibility of using Local currencies other than the US dollar for payments regarding imports. In addition to India, similar conversations are taking place with Russia and China.

Business

Jun 13, 2023

Toyota unveils new battery technology and EV innovations-thumnail

Toyota unveils new battery technology and EV innovations

Toyota Motor stated it would implement high-performance, solid-state batteries as well as other technologies to increase the efficiency and performance of its electric vehicles while lowering their price.

The Japanese automaker Toyota Motor declared that it plans to introduce next-generation batteries starting in 2026, hoping to win over buyers with cars that have greater driving ranges and faster charging periods.

Business

Jun 13, 2023

The Urgent Need to Address Quality Issues in Pharmaceutical Industry in India-thumnail

The Urgent Need to Address Quality Issues in Pharmaceutical Industry in India

For over a decade, the pharmaceutical industry in India has faced growing concerns regarding the quality and safety of its medicines, both domestically and internationally. This issue is particularly alarming as India’s pharmaceutical sector is a significant contributor to the country’s economy and a major supplier of generic medicines to the global market. In this article, we will delve into the pressing need for improved regulatory standards and enhanced accountability within India’s pharmaceutical industry, emphasizing the detrimental consequences of substandard medicines on patients worldwide.

Business

Jun 12, 2023


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