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India Ranked As World’s Second Largest Producer Of Steel

India Ranked As World’s Second Largest Producer Of Steel

India’s steel production has broken the record of 120 million tonnes per year and becomes the world’s second-largest steel producer, according to the government. India is soon to double its steel production to 300 million tonnes per annum by 2030, said Steel Minister Jyotiraditya Scindia.  “There has been a doubling in the last eight years…

Deirdre Findlay Joins McAfee As Chief Marketing Officer

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

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 Business 

Elon Musk Sold A Huge Chunk Of Shares In EV Business 

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…

YES Bank Re-enters The Top 100 Most Valued Firms List

YES Bank Re-enters The Top 100 Most Valued Firms List

YES Bank re-entered the top 100 most valued companies list in terms of market capitalisation (market-cap). It is because the stock of private sector lenders zoomed 30% in the past three days after the Reserve Bank of India (RBI) agreed to raise capital from funds affiliated with global private equity investors Carlyle and Advent International. …

Tata Group To Open Apple Stores Across The Country 

Tata Group To Open Apple Stores Across The Country 

Indian salt-to-software conglomerate Tata Group plans to open 100 Apple stores across the country, as per the reports.  Tata Group’s Infiniti Retail, which runs the consumer electronics store chain Chroma, will be an authorised reseller of Apple products and set up stores in shopping malls, high streets, and other neighbour locations, the report said.  For…

Indian-Origin Sushmita Shukla Appointed As VP At FRB

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

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…

Leading Platform Vedantu Lays Off Over 300 Employees

Leading Platform Vedantu Lays Off Over 300 Employees

Indian edtech company Vedantu is laying off employees and implementing salary deductions. In the fourth round, the company laid off almost 385 employees across verticals such as HR learning and content, while the leadership team, including founders, will take a 50 per cent pay cut.  Earlier, Edtech fired 200 employees last month and about 600…

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…