Vedanta Considers A Demerger To Streamline Its Corporate Structure
November 18, 2021: More than a year after its unsuccessful bid to go private, Vedanta Ltd. seeks to revise its corporate structure. According to the statement released by the company, the Anil Agarwal-led mining giant has hired experts to help it evaluate options and alternatives, such as demerger, spinoff, and strategic alliances, to increase the…
John David
Akasa Air All Set For The Big Take Off, Orders 72 Aircrafts From Boeing
Boeing, an American jet manufacturer, and Akasa Air, India’s newest airline-to-be revealed on Tuesday that it has placed an order for 72 737 MAX aeroplanes. The airline, which is mainly controlled by ace investor Rakesh Jhunjhunwala, was rumoured to be ordering roughly 70 Boeing airplanes on July 28, 2021. Akasa was founded by Dube and…
Switch Mobility, An EV Subsidiary Of Ashok Leyland, Scouts To Raise Funds
According to an insider source, commercial vehicle manufacturer, Ashok Leyland Ltd. is looking for its electric vehicle segment funding. “The company recently shifted its electric vehicle operations to its subsidiary Switch Mobility to better capitalise on growth potential,” said CFO Gopal Mahadevan. The board of directors of Ashok Leyland authorised the transfer of the electric…
JP Morgan Predicts a Surge in Bitcoin up to $146,000 in Long Term
JP Morgan, an American Multinational Bank, has predicted Bitcoin long-term price to reach $146, 000 in its new publication’s initiation. Bitcoin.com announced the alternative investments from real estate to private equity and digital assets, quoting from JP Morgan’s inaugural issue of the new publication released last week. If the volatility of Bitcoin recedes and it…
Facebook Pours Billions in ‘Metaverse’ as Ad Business Falters
On Monday, Facebook Inc said it will start investing in virtual and augmented reality units, an announcement that comes as its primary advertising businesses face ‘significant uncertainty. ‘ Facebook warned that Apple Inc’s new policy rules would weigh on its digital business in the current quarter after the largest social media company reported quarterly revenue…
TCS Revealed, Its Platforms and Product Business is Worth $ 3 Billion
TCS – Tata Consultancy Services says that its Platform and Product (P&P) business is worth approximately $3 billion and comprises about 12-15% of its total revenue. N Ganapathy Subramaniam, Chief Operating Officer of TCS, said- the P&P business is not a separate unit. It continues to function under various verticals, emerging as a huge differentiator…
Reliance New Energy Solar to Buy 40% Stakes in Sterling and Wilson Solar
On Monday, Reliance Industries (RIL) shares hit a new high after Reliance New Energy Solar LTD announced the acquisition of two companies, intensifying its drive into green energy. Nifty rocketed to a new high of 18,000, after gains in index heavyweights RIL and banks. Mukesh Ambani’s conglomerate, RIL made two purchases over the weekend, including…
Mark Zuckerberg Lost Nearly 7 Billion in a Few Hours of Global Outage of Whatsapp, Facebook, and Instagram
Whatsapp, Facebook, and Instagram, three major social media platforms, had their server down for almost six hours on Monday. Facebook and Instagram, with other related products such as Facebook Messenger and Workplace, came back to the actual position after three hours., while Whatsapp remained out of reach. The outage restricted billions of users to use…
Global Stock Markets Falls With the Repercussions Of Evergrande ‘collapse’
The global equity market and the prices of Bitcoin plummeted after China’s Evergrande Group’s Collapse, a Chinese real estate giant. The world’s most indebted property development firm, Evergranade, fears bankruptcy, resulting in 1.6 million unfinished homes and angry buyers protecting outside the company’s office. The global sentiments have been rattled by the real estate firm,…
Mutual Fund SIP Contributes to Set a New Record In August
The investment in the mutual fund continued to surge in August, shows data released from the Association of Mutual funds in India (AMFI). With monthly SIP contributions rising to Rs. 9,923 crore, new SIP registration now reached 25 lakh, the highest number ever. The number of registrations last month was nearly 2.5 times higher than…