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A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment-thumnail

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment

The accord comes in response to a court decision in January dismissing J&J’s contentious “Texas two-step” bankruptcy strategy. J&J company declares bankruptcy, in which the company attempted to transfer the

Business

Apr 5, 2023

Iron Pillar raises $129 million to invest in cloud startups in India-thumnail

Iron Pillar raises $129 million to invest in cloud startups in India

A venture growth investor named Iron Pillar has completed the successful closing of a $129 million Series B and C stage fund aimed at funding Indian-based global cloud software startups.

Finance

Apr 5, 2023

“India Implements Measures to Manage the Taxation on Crude Oil and Its Byproducts”-thumnail

“India Implements Measures to Manage the Taxation on Crude Oil and Its Byproducts”

The Indian government has been implementing various measures to manage the taxation on crude oil and its byproducts like petrol, diesel, and aviation turbine fuel (ATF). The tax rates are

Business

Apr 4, 2023

World Bank predicts 6.3% growth for India’s GDP in FY24-thumnail

World Bank predicts 6.3% growth for India’s GDP in FY24

The World Bank stated in its most recent report on Tuesday that despite some moderating in the second half of the previous fiscal, India’s GDP growth is anticipated to be

Finance

Apr 4, 2023

L’Oreal acquires premium brand Aesop from Brazil’s Natura for $2.5 billion-thumnail

L’Oreal acquires premium brand Aesop from Brazil’s Natura for $2.5 billion

The sale, L’Oreal’s biggest-ever brand acquisition according to Dealogic statistics, strengthens the firm’s foothold in the premium cosmetics sector, while also giving the Brazilian business some financial respite despite declining

Industry

Apr 4, 2023

Saheb Enterprise partners with Hero Realty to build a 2,000-crore project in Gurugram-thumnail

Saheb Enterprise partners with Hero Realty to build a 2,000-crore project in Gurugram

Hero Realty and Saheb Enterprise are constructing a project in Gurugram for Rs 2,000 crore. In order to jointly build a 2 million square foot mixed-use project in Gurugram with

Business

Apr 4, 2023

Automobile Retail Sales Surge in India, Except for Tractors, in March and FY23-thumnail

Automobile Retail Sales Surge in India, Except for Tractors, in March and FY23

According to data from the Federation of Automobile Dealers Associations (FADA), automobile retail sales witnessed a 14% increase in March compared to the same month the previous year. Similarly, sales

Automotive

Apr 4, 2023

Seeking an Escape Route:  Start-up Employees Live in Fear of Losing Jobs-thumnail

Seeking an Escape Route: Start-up Employees Live in Fear of Losing Jobs

A recent report in The Economic Times has shed light on the difficult situation faced by troubled Indian start-up employees. The cash crunch and pressure from investors have resulted in

News

Apr 4, 2023

Asian Development Bank forecasts India and China to grow faster in 2023-thumnail

Asian Development Bank forecasts India and China to grow faster in 2023

The Asian Development Bank (ADB) stated in a research release on Tuesday that China’s recovery from the epidemic and strong demand in India will propel strong economic development in Asia

Business

Apr 4, 2023

So far, FII flows in 2023 have been erratic, while DIIs have invested more than $10 billion-thumnail

So far, FII flows in 2023 have been erratic, while DIIs have invested more than $10 billion

Foreign institutional net investments turned positive in March, thanks to GQG Partners’ investment in Adani Group companies. For the third month in a row, foreign institutional investors have been selling

Business

Apr 4, 2023

What is the definition of “Start-up” and its contribution to the Indian economy? Why do we use the term “Start-up” Instead of “Business”?-thumnail

What is the definition of “Start-up” and its contribution to the Indian economy? Why do we use the term “Start-up” Instead of “Business”?

Technically, a start-up is any business focused on developing, commercializing, and developing novel goods, services, or systems that are powered by new technology or intellectual property. The Indian startup ecosystem

Startup

Apr 4, 2023

Acuite Ratings & Research revises India’s external deficit forecasts-thumnail

Acuite Ratings & Research revises India’s external deficit forecasts

Acuite Ratings & Research, a credit rating agency, has revised its forecast for India’s current account deficit and balance of payments deficit. The agency predicts that India’s current account deficit

Finance

Apr 3, 2023


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