Burman’s Group To Take Control Of Eveready As Khaitan’s Quit
Eveready Industries Chairman and Managing Director, Aditya Khaitan and Amritanshu Khaitan, announced their resignation after Burman Group takeover the bid. The resignation of the Khaitans came two days after the Burman’s, founder of Dabur, a food company, made an open offer for a Kolkata-based dry cell company. After their resignation, Suvamoy Saha is assumed to…
John David
Russia-Ukraine War: Shares Rebounded, Crude Oil Surged $110/bbl
Russia-Ukraine War – Day 8 – The war has shaken the whole world, from the global stock market to transportation. US and European stocks, which have fallen a few days back, rebounded on Wednesday, but crude prices surged past $110 a barrel as fighting raged in Ukraine for the seventh day, posing a challenge for…
Three Shipping Lines Halt Cargo Shipment To and From Russia
The world’s three biggest shipping companies announced the temporary suspension of shipment to and from Russia on Tuesday in the wake of Russia’s invasion of Ukraine. Russia’s attack on its neighbour country, which Moscow called a “Special Operation”, is the biggest state-to-state invasion in Europe after World War II. First, Swiss-headquartered MSC, the world’s biggest…
TCS Introduces New Business Framework, Looking for Accelerated Growth
Tata consultancy service, aka TCS, will launch a new operational structure with four distinct business groups to drive the next phase of growth for India’s largest software exporter. The IT giant has its eyes on the next milestone of $50 billion in revenue, according to the sources. From April, the company will order its entire…
Russia-Ukraine War| Impacts On Global Stock Markets
The Russia-Ukraine cold war has almost turned into World War III. The conflicts between the two countries are increasing and affecting the whole world, including the stock market. World markets were set for another confused week after the Western Nations announced a harsh set of sanctions to punish Russia for its decision to invade Ukraine…
Russia Declares War: Its Impact On Indian Market
On Thursday, Indian markets plummeted as Russian President Vladimir Putin ordered military action in Ukraine. Massive explosions were heard in the Ukrainian city of Kyiv shortly after the declaration. Sanctions were imposed on Russia by the US, and other western nations had little effect on Putin’s decision to declare war. The Russia-Ukraine confrontation has been…
Hasura Raised $100 Million, Become 10th Startup Unicorn of 2022
Hausra, a Bengaluru and US-based open-source engine, has raised $100 million in fresh funding led by Greeoaks capital. In the funding round, the existing investor Nexus Venture Partners, Lightspeed Partners and Vertex Ventures also participated. With this latest fundraise, Hasura becomes the tenth startup India’s unicorn of this year. It joins like the edtech firm…
Vipula Gaunatilleka Appointed As New CFO of Jet Airways
Jet Airways has begun the hiring process as the Airline plans to take off in early 2022, after being grounded for almost three years. Jalan Kalrock consortium, promotors of Jet Airways, on Tuesday announced the appointment of Vipula Gunatilleka as the Chief Financial Officer (CFO) of the airlines. Vipula is the former CEO of SriLankan…
India And France Signed Roadmap To Boost Bilateral Exchange
An agreement is signed between India and France during the three-day visit of India’s External Affairs Minister regarding the bilateral exchanges. As per the reports, Subrahmanyam Jaishankar and Jean-Yves Le Drian have inked the roadmap, which already came into existence on February 20. Both countries are looking forward to better business relationships. With this decision,…
Telecom Industry is Likely to See Jump in Revenue Growth in Q4FY22
According to the analysts, the telecom sector is expected to grow more than double to nearly 10% sequentially in the Q4FY22 when the full beneficial impact of sharp tariff hikes of last November hits home. The revenue of the telecom industry grew at 4.5% and 4.2% sequentially in the second and third quarters of FY22. …