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Tag: Business
Sales of Samsonite increased by 38% in India.-thumnail

Sales of Samsonite increased by 38% in India.

Samsonite, a manufacturer of luggage, reported a roughly 38% increase in sales in India during the first half of 2023, which is a clear sign that the travel boom is

Business

Aug 17, 2023

Meet N.S. Vishwanath- Empowering craftsmanship in jewelry design through experience and compassion-thumnail

Meet N.S. Vishwanath- Empowering craftsmanship in jewelry design through experience and compassion

Creating a legacy is something we all wish to aspire for. But it requires a lot of effort to compile decades of consistency and ultimately turn that into a reputation

Business

Aug 17, 2023

The Upcoming Apple Iphone 15 Is Being Produced By Foxconn In Tamil Nadu Ahead Of Its Introduction In September : Report-thumnail

The Upcoming Apple Iphone 15 Is Being Produced By Foxconn In Tamil Nadu Ahead Of Its Introduction In September : Report

Only a few weeks after they begin shipping from Chinese manufacturers, Foxconn Technology Group’s Sriperumbudur facility is getting ready to supply the newest smartphones, according to a report.

Business

Aug 16, 2023

Reliance Jio, Vodafone Idea, and Bharti Airtel will all add 25% more employees in FY24-thumnail

Reliance Jio, Vodafone Idea, and Bharti Airtel will all add 25% more employees in FY24

According to The Economic Times, the top three telecoms in India, Reliance Jio, Vodafone Idea, and Bharti Airtel, want to increase their current workforces by up to 25% in FY 2024. 

Business

Aug 16, 2023

Chinese and US yield gaps widen to the highest since 2007 after a surprise cut-thumnail

Chinese and US yield gaps widen to the highest since 2007 after a surprise cut

On Wednesday, investors predicted that China’s central bank would loosen monetary policy further after a surprise rate cut, even if it puts the yuan under pressure. As a result, yield differentials between China and the US extended to their largest level in 16 years.

Business

Aug 16, 2023

Intel to drop its $5.4 billion deal to acquire chipmaker Tower Semiconductor Ltd as China delays approval-thumnail

Intel to drop its $5.4 billion deal to acquire chipmaker Tower Semiconductor Ltd as China delays approval

Intel Corporation has decided to terminate its $5.4 billion acquisition agreement, with Tower Semiconductor, a chipmaker. The reason behind this decision is the failure to obtain approval from China. This development highlights the impact of tensions between the United States and China on business deals. As part of the termination, Intel will pay Tower a breakup fee of $353 million.

Business

Aug 16, 2023

Occidental Petroleum buys Carbon capturing technology supplier Carbon Eng. for $1.1 bn-thumnail

Occidental Petroleum buys Carbon capturing technology supplier Carbon Eng. for $1.1 bn

Occidental Petroleum has made an investment of $1.1 billion to acquire Carbon Engineering Ltd, a leading company, in air capture (DAC) technology. The objective behind this move is to set up 100 DAC plants that will play a role in addressing climate change by extracting CO2 from the atmosphere for purposes. With the support of grants, Occidental is actively advancing innovation, towards achieving emissions neutrality.

News

Aug 16, 2023

SBFC Finance shares debut at exchanges at a 44% premium over the IPO price-thumnail

SBFC Finance shares debut at exchanges at a 44% premium over the IPO price

SBFC Finance made a strong entry onto Dalal Street on Wednesday, August 16. The stock was listed at Rs 82 per share, representing a substantial premium of 44 percent compared to its issue price of Rs 57 per share on the National Stock Exchange (NSE). Similarly, it debuted at a premium of 44 percent on the BSE, trading at Rs 81.99 per share.

Business

Aug 16, 2023

Logistics service provider Xpressbees acquires courier company TrackOn-thumnail

Logistics service provider Xpressbees acquires courier company TrackOn

Xpressbees, a logistics powerhouse, has acquired New Delhi’s Trackon, marking its entry into the SME courier space. With a nationwide expansion plan and synergistic benefits, Xpressbees aims to leverage its network for growth. The acquisition aligns with their success story, backed by major investments and a diversified service portfolio, promising enhanced customer experiences.

Business

Aug 14, 2023

Hindenburg-Adani Group Dispute: SEBI Asks The Supreme Court For A 15-Day Delay To Finish The Investigation-thumnail

Hindenburg-Adani Group Dispute: SEBI Asks The Supreme Court For A 15-Day Delay To Finish The Investigation

The Supreme Court granted the capital markets regulator until August 14 to provide an updated progress report on the Adani Group v. Hindenburg Research case.

Business

Aug 14, 2023

UK’s YouGov considers U.S. listing after recent deal leads to growth-thumnail

UK’s YouGov considers U.S. listing after recent deal leads to growth

The pollster and data analytics company YouGov, which is listed on the London Stock Exchange, is considering a US listing, which would be the latest blow to the LSE.

Business

Aug 14, 2023

National Investment & Infrastructure Fund’s search for CEO raises concern among stakeholders-thumnail

National Investment & Infrastructure Fund’s search for CEO raises concern among stakeholders

The ongoing quest to find a CEO, for India’s National Investment & Infrastructure Fund (NIIF) has sparked worries among investors potentially putting government business plans at risk.

Business

Aug 14, 2023


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