Mercedes-Benz Sales Decline By 1% In The Previous YearÂ
The biggest luxury carmaker Mercedes-Benz delivered 2. 5 million cars in 2022, which is 1% down compared to the previous year, said the company on Tuesday. It also mentioned that it could be the impact of COVID-19 measures and bottlenecks. The company said that entry-level vehicles, the lowest price segment of the brand, saw a…
Aman Goyal
Suhail Sameer To Step Down As BharatPe CEO
After Vijay Aggarwal, Rajat Jain, and Nehul Malhotra, now Suhail Sammer is reportedly stepping down. These three senior executives left the company last year to pursue their entrepreneurial interests. Suhail Sameer joined BharatPe in 2020 as President. When Grover’s focus shifted to the bank, all the top leaders were asked to report to Sameer. At…
JSPL Appoints Sudhanshu Saraf As CEO Of Steel Business
Jindal Steel and Power Ltd (JSPL) announced the appointment of Sudhanshu Saraf As Chief Executive Officer of its steel business with immediate effect. The appointment of Saraf comes a day after the company announced the promotion of Naushad Akhtar Ansari as Joint Managing Director of JSPL. In his new role, Sudhanshu will oversee the company’s…
Canada’s CT Approves $14.8 Bn Rogers-Shaw Merger
The Competition Tribunal of Canada announced the merger of two telecom companies, Rogers Communications Inc. and Shaw Communication Inc., for $14.77 billion (C$20 billion)* on Thursday, which would create the country’s second-largest telecom provider after Bell. This deal was blocked by Canada’s Antitrust Bureau on the basis that it would lessen competition in a country…
Oil Prices Rise On Hope As China Started Reopening
Oil prices surged on Wednesday as the market was optimistic about the fuel demand since China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. Besides, US crude advanced 22 cents or 0.3%, to $79.75 per barrel. Both standard prices…
Torrent Group Emerges As Top Bidder For Reliance Capital
Ahmedabad-based Torrent Group offered Rs. 8,640 to Anil Ambani-owned Reliance Capital in an auction held on Wednesday. According to the sources, Torrent Group won the bid after beating an offer of Rs. 8,150 made by Hinduja Group, which also participated in the auction. This time Torrent offered more offers than its initial offer made last…
Deirdre Findlay Joins McAfee As Chief Marketing Officer
McAfee, a global computer security company, announced the appointment of Deirdre Findlay as Senior Vice President and Chief Marketing Officer. In her role, she will oversee worldwide marketing and communication efforts & reports and will report to Greg Johnson, President and Chief Executive Officer, McAfee. Findlay has 25 years of professional career. She joins McAfee…
Reliance To Launch ‘Independence’ FMCG Brand In Gujarat
On Thursday, Reliance announced the launch of its own Fast-moving Consumer Goods brand (FMCG) ‘Independence’ in Gujarat. With this, the company will enter the FMCG industry and sell products from staples to processed foods and other essentials. The company plans to develop Gujarat as a ‘Go-to-market’ state to excel in the FMCG business and will…
Elon Musk Sold A Huge Chunk Of Shares In EV BusinessÂ
Tesla CEO Elon Musk sold about 22 million shares of his electric vehicle business, which was worth around $3.6 billion, according to the financial filing out on Wednesday. The transaction took place between Monday and Wednesday, according to the filings with the Securities and Exchange Commission. Earlier this month, Elon stated that he had no…
How EU, G7 Price Cap On Russian Oil Will Affect India?
The European Union (EU) and the Group of Seven (G7) nations decided to cap the price of Russian seaborne crude oil at $ 60 per barrel. Though it won’t impact India because India’s exposure to Russian crude oil is minimal, said Hardeep Singh Puri, Union Minister of Petroleum and Natural Gas. “Russia is not our…
