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How EU, G7 Price Cap On Russian Oil Will Affect India?

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…

Idealizing China Won’t Save India From Slowdown in 2023

Idealizing China Won’t Save India From Slowdown in 2023

It is notable that the global slowdown has also arrived in India. Investments in factories, roads and other fixed assets are just less than 35% of domestic output, which has not changed in the last 10 years. Loan demand is growing so fast that deposits can’t keep up.  How is India trying to cover up…

Disney CEO Bob Iger Back And Focusing On His Priorities 

Disney CEO Bob Iger Back And Focusing On His Priorities 

Walt Disney World’s CEO has returned to his position after just a couple of years off the job and addressed cast members in a town hall meeting. In this meeting, he discussed the multiple problems the company is facing, including Disney’s current hiring freeze, and then shared his priorities. He plans to focus on the…

Biocon Biologics Acquired Viatris For Over $3 Billion

Biocon Biologics Acquired Viatris For Over $3 Billion

Global biopharmaceutical company Biocon Biologics Ltd. announced, on Tuesday, the completion of the acquisition of Viatris, a pharmaceutical company, for almost $3 billion.   According to the reports, the million-dollar acquisition was completed in two parts; equity and cash. Biocon Biologics paid upfront cash of $2 billion and issued Compulsorily Convertible Preference Shares (CCPS) worth $1…

Sanjay V Jorapur Appointed As President And HR At Ashok Leyland 

Sanjay V Jorapur Appointed As President And HR At Ashok Leyland 

Ashok Leyland, India’s Commercial Vehicle Manufacturer, announced the appointment of Sanjay V Jorapur as President and head of Human Resource. He will replace Amanpreet Singh, who is currently working in the same position as he will move to a senior role at Hinduja Group in Mumbai.  “I am delighted to announce this appointment. Sanjay joins…

China Is Battling With Protest And COVID-19 Together

China Is Battling With Protest And COVID-19 Together

It has been almost three years since the coronavirus affected the world. China is still facing intermittent lockdowns that disturb supply chains and rules that have made the country uninviting to international staff. The last year has been particularly painful as the rest of the world resumed its activities and learned to live alongside the…

Everything You Need To Know About Pre-budget Meetings 

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…

Amazon To Call-off Food Delivery Business In India Soon

Amazon To Call-off Food Delivery Business In India Soon

Amazon is to shut down its food delivery services in India from December 29, the eCommerce giant announced on Friday. The company announced this after the winding down of its online learning platform for high-school students in the country.  “As part of our annual operating planning review process, we have made the decision to discontinue…

Over 20,000 Employees Left Apple’s Supplier Foxconn

Over 20,000 Employees Left Apple’s Supplier Foxconn

Apple iPhone maker Foxconn Zhengzhou, China, saw a heavy departure of employees. Over 20,000 workers, along with new hires who have not started working on the production line yet, have left the plant, a Foxconn source familiar with the matter told Reuters on Friday.  This comes just a day after violent protection broke out at…

CNN Appoints Alex Charalambides As CTO

CNN Appoints Alex Charalambides As CTO

Cable News Channel (CNN) has appointed a new Chief Technology Officer (CTO). The multimedia cable news channel named Alex Charalambides for this post who will officially join CNN on Monday, 28 November.  Under this designation, he will report to Patty Hirsch, global EVP of consumer digital for Warner Bros. Discovery. In this role, he will…