Oil Prices Rise On Hope As China Started Reopening
Oil prices surged on Wednesday as the market was optimistic about the fuel demand since China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. Besides, US crude advanced 22 cents or 0.3%, to $79.75 per barrel. Both standard prices…
Aman Goyal
Advent International To Buy Stakes In Suven Pharma
Global Private Equity Investor Advent International announced on Monday that it is acquiring a 50.1 Per cent stake in Suven Pharmaceuticals for Rs. 6,313 crores and was planning to merge with its portfolio company Cohance Lifescience. The promoter Jasti family will hold a 9.9 per cent stake in the firm if the deal gets done.  …
Shipra Prajapati
PNB Appointed M Paramasivam As Executive DirectorÂ
M Paramasivam is appointed as the executive director of the Punjab National Bank, with the approval of the Appointment Committee of the Cabinet (ACC) of the bank. Paramasivam has a rich experience of 32 years in the banking sector. He is an agriculture graduate and started his career as Agriculture Extension Officer at Canara Bank…
Torrent Group Emerges As Top Bidder For Reliance Capital
Ahmedabad-based Torrent Group offered Rs. 8,640 to Anil Ambani-owned Reliance Capital in an auction held on Wednesday. According to the sources, Torrent Group won the bid after beating an offer of Rs. 8,150 made by Hinduja Group, which also participated in the auction. This time Torrent offered more offers than its initial offer made last…
Twitter Rolls Out New Check Mark Programme
Microblogging platform ‘Twitter’ has officially announced ‘Blue for Business’. It is a subscription-based programme for companies that want to verify and distinguish themselves on Twitter. Now companies that get the Blue mark will have a gold check mark along with a square company badge. Similarly, businesses associated with the brand will have a blue check…
Yash Sharma
Why Is COVID-19 Not Slowing Down In China? Key PointsÂ
China is continuously under lockdown due to continuous COVID-19 cases, but the country reported a massive surge in cases recently as the Chinese government lifted the three-year lockdown last month. Eric Feigl-Ding, an Epidemiologist and health economist, claimed that the hospitals in China had been completely overwhelmed since the restrictions dropped. He also predicted that…
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
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
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 BusinessÂ
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…
