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…
SHAHID MUSHTAQ
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-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. …
Shipra Prajapati
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…
Vikas
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…
John David
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
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?
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
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
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…