Former Amul Chief RS Sodhi Roped In By Reliance Retail To Drive Grocery Biz
Reliance Retail Ventures, the retail arm of Reliance Industries Limited (RIL), roped in former Amul chief RS Sodhi to lead the grocery business. Sodhi served as the former MD of the Gujarat Cooperative Milk Marketing Federation(GCMMF) and known for the Amul brand all over India. Reliance Retail, India’s leading retail provider, decided to expand its…
Top 5 Small Business Loan Requirements: Tips And Tricks
The reason behind the failure of 29% of small businesses is a capital shortage. Even though the trend of startups is at a hype, still some people are omitted from its reach due to the credit crunch. A lot of people in the country belonging to the middle and lower middle class are only left…
The Most Vivid 2022 Business World Trends Summarised
The business landscape has been through leaps and bounds in the past and the year 2022 has shown no mercy to it as well. Be it the turbulence caused by the aftermath of the pandemic or the mergers and acquisitions of global business giants, the business world has had its fair share of hurdles. But…
Indian-Origin Sushmita Shukla Appointed As VP At FRB
Sushmita Shukla, an Indian-origin veteran of the Insurance Industry, has been appointed as the Vice President and Chief Operating Officer of the Federal Reserve Bank, New York. The appointment was approved by the Board of Governors of the Federal Reserve System, according to the news report. Shukla is the first VP and COO of the…
Ashok Leyland Appoints Shenu Agarwal As MD & CEO
On Thursday, automotive company Ashok Leyland announced Shenu Agarwal’s appointment as Managing Director (MD) and Chief Executive Officer (CEO). In his role, he will handle the technology department and drive growth & future strategy for the company to achieve the goal of being among the top ten commercial vehicle players globally. Shenu Agarwal joined Ashok…
Everything You Need To Know About Pre-budget Meetings
The preparation of budget 2023-24 has started. A week-long pre-budget consultation meetings chaired by Union Finance and Corporate Affairs Minister Nirmala Sitharaman were concluded on Monday, 28 November. In total, eight meetings were held in virtual mode between November 21 and 28. According to the Ministry of Finance, more than 110 invitees representing seven stakeholders…
Sri Lanka Closed Schools and Halt Non-essential Govt Services Amid Economic Crisis
Sri Lanka is in heavy debt and has been confronting a financial crisis for a long time. Due to this, now the country has begun a two-week shutdown, followed by closed schools and halted all non-essential services. The country took this step to conserve fast-depleting fuel reserves. The International Monetary Funds opened the talks with…
How CFOs Are Adapting Technical Advancement And What Side Effects Does It Have?
Covid made its first appearance in 2019, while all other areas were barricaded by the pandemic, finance and technology emerged as a ray of hope. When the pandemic raised uncertainty, CFOs turned over to short-term plans. Focusing on nimble technology, several CFOs came forward with pressing issues due to technological advancements. Indeed, adapting to technological…
CredAvenue Enters Unicorn Club After Raising $137 Million
CredAvenue, an online debt marketplace, has become another Unicorn of 2022 after raising $137 million in a Series B funding round. The company said that ━ it is now valued at $1.3 billion, more than tripling its valuation in just six months, making it India’s fastest fintech unicorn. The funding was led by New York-based…
Burman’s Group To Take Control Of Eveready As Khaitan’s Quit
Eveready Industries Chairman and Managing Director, Aditya Khaitan and Amritanshu Khaitan, announced their resignation after Burman Group takeover the bid. The resignation of the Khaitans came two days after the Burman’s, founder of Dabur, a food company, made an open offer for a Kolkata-based dry cell company. After their resignation, Suvamoy Saha is assumed to…
