BSNL-MTNL Merger Proposal Postponed Due To Financial Reasons
On Wednesday, the Ministry of State for Communication informed the parliament that the government of India has postponed the merger of state-owned telecom companies BSNL and MTNL because of financial reasons. Devusinh Chauhan, honourable Minister of State for Communications, has given a written reply in the upper house (Rajya Sabha) stating that the merger proposal…
SHAHID MUSHTAQ
26% Growth In Total Wealth Of Indian Billionaires In FY22
The fiscal year 2021-2022 has showcased nearly 26 per cent growth in the combined income of India’s multibillionaires, which adds up to 750 billion dollars. Toping up the list, there is reliance industries chairman, Mr Mukesh Ambani. His net worth is around $99.6 billion. However, speculations are that the launch of TATA Neu on April…
Elon Musk Owns 9.2% Stake In Twitter, Costing 73.5 Million
Elon Musk, the Chief Executive Officer of Tesla Inc, disclosed his twitter stakes by sharing the percentage of shares. He owns a total of 9.2% stakes in Twitter, becoming the single largest stakeholder on Twitter. The stakes hold a cost of 73.5 million dollars, his passive stakes can cost around 2.9 billion dollars based on…
Vipin
Lee Jordan: Gate Energy’s New Chief Executive Officer
GATE Energy has been established as a leading and global provider of engineering, commissioning, and speciality in the energy industry. The company made an announcement, positioning Lee Jordan as the Chief Executive Officer of the company. Mr Lee Jordan is said to replace the founder of GATE Energy, Mr Grant Gibson. Former CEO and founder,…
Vikas
Tata Motors Receives Rs. 3750 Crore As TPG Rise Investment 
On March 30, Tata Group’s automobile manufacturing subsidiary, Tata Motors, said that the company has received Rs.3750 crore as the first allotment of investment from TPG Rise Climate, a private equity fund provider that focuses on climate sub-sectors. Last year, TPG Rise signed an agreement to mortgage an investment of Rs.7500 crore in Tata Motors…
Shipra Prajapati
Two EV Caught Fire In Pune: Investigation Launches
Ola S1 Pro, an electric scooter, caught fire in Lohegaon, Pune; the video went viral on the internet. The Ola themselves has launched an investigation to find the reason for the fire. However, now the government has also launched an investigation to find the root cause of the fire. The investigation has been ordered by…
Raj Subramaniam named new CEO of FedEx, replacing Fred Smith
Raj Subramaniam will soon take over as the new Chief Executive Officer (CEO) at FedEx. The US-based multinational company FedEx announced on Monday stating that Indian-American Raj Subramaniam will replace the Founder and CEO Fredrik W Smith. Sources state that Fredrick Smith would step down from his position on 1st June 2022. After stepping down…
Adani With 54 Others Interested To Acquire Reliance Capital
Fifty-four companies, including Adani Finserve, ICICI Lombard, Tata AIG, Nippon Life Insurance, and HDFC Ergo, have shown their interest in acquiring debt-ridden Reliance Company Group, according to the sources. Other bidders are Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, Blackstone Brookfield, KKR, TPG, Oak Tree Capital, Piramal Finance, and Poonawala Finance. The last date of…
Vishal Prajapati
Maruti Suzuki Names Hisashi Takeuchi as MD and CEO
Maruti Suzuki has replaced Kenichi Ayukawa, MD, since 2013, with Hisashi Takeuchi. He will be the new Managing Director and Chief Executive Officer of the company for the next three years. The period of his service will start from April 1, 2022, and end on March 31, 2025. The former MD ━ Kenichi Ayukawa ━…
India’s Exports Crossed $400 Billion First Time In The History
India has met the annual export target for the first time ever. The country crossed the crucial threshold of the $400 billion annual merchandise export target. In this regard, PM Narendra Modi tweeted, ━ “India set an ambitious goods export target of $400 billion and achieved it for the first time ever. I congratulate our…
Sumit