JSPL Appoints Sudhanshu Saraf As CEO Of Steel Business
Jindal Steel and Power Ltd (JSPL) announced the appointment of Sudhanshu Saraf As Chief Executive Officer of its steel business with immediate effect. The appointment of Saraf comes a day after the company announced the promotion of Naushad Akhtar Ansari as Joint Managing Director of JSPL. In his new role, Sudhanshu will oversee the company’s…
John David
Canada’s CT Approves $14.8 Bn Rogers-Shaw Merger
The Competition Tribunal of Canada announced the merger of two telecom companies, Rogers Communications Inc. and Shaw Communication Inc., for $14.77 billion (C$20 billion)* on Thursday, which would create the country’s second-largest telecom provider after Bell. This deal was blocked by Canada’s Antitrust Bureau on the basis that it would lessen competition in a country…
Samsung To Showcase Innovative Projects At CES In 2023
On Wednesday, Samsung Electronics announced that it will bring its new innovative projects from the C-Lab (Creative Lab) program to the Consumer Electronic Show (CES) trade exhibition. The company also announced to reveal four projects from C-Lab Inside, eight startups supported by C-Lab Outside and its in-house venture program. Samsung also hopes that startups from…
Shipra Prajapati
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…
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.  …
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…
