Tata, Singapore Airlines Plan To Merge Vistara, Air India
Tata group and Singapore Airlines Ltd. are planning to merge their airline companies, Air India and Vistara, to build a new joint venture. Two sources aware of this development have said on the condition of anonymity that both entities have a combined goal to optimise their resources and compete with industry leader IndiGo. According to…
John David
Mahindra Acquires Rivigo’s B2B Express Unit For Rs 225 Crore
Mahindra Logistics has acquired logistics startup, Rivigo’s B2B express cargo service unit for INR 225 crore in a slump sale. As per a regulatory filing to the BSE, this deal is expected to be finalised before November 1. Under the terms of the deal, Mahindra Logistics will acquire the express business, including the clients, team,…
10 Best Chief Business Officers In India 2024
A chief business officer owns the business narrative that impacts the customer and brand experience. Such business leaders are accountable for revenue generation and operational framework to ensure scalable and constant growth. They oversee sales and marketing while keeping a close eye on customer needs and commercial benefits. Top CBOs are torch bearers in the…
Abdullah Ansari
Britannia Appoints New CEO And Executive Vice Chairman
The packaged food company Britannia on Friday named Ranjeet Kohli as the company’s new chief executive officer (CEO) with effect from September 26, 2022. At the same time, Varun Berry, the company’s current managing director, has been appointed as Executive Vice Chairman and Managing Director with immediate effect. “I am delighted to welcome Rajneet to…
Yash Sharma
SoftBank Cut OYO’s Internal Valuation To $2.7 Bn
SoftBank has cut the Indian hotel chain valuation to $2.7 billion from $10 billion. The reported valuation cut occurs when the startup is months away from an initial public offering (IPO). The reports suggest that SoftBank is the largest investor in OYO ━ at 45 per cent, nearly half of it━ , which is a…
Nykaa Founder Falguni Nayar Became India’s Richest Woman
Nykaa’s founder Falguni Nayar overtook Kiran Mazumdar-Shaw and has become India’s richest woman, as per the IIFL Wealth Hurun India rich list 2022, which was unveiled on Wednesday. With a net worth of ₹38,700 crores, she secures 33rd position in the top 100 billionaire list. She is the most successful woman entrepreneur in India and…
KKR Announced To Invest $450 Mn In HFE With Hero Group
Kohlberg, Kravis Roberts & Co. (KKR) announced on Tuesday to invest $450 million, almost Rs. 3,585 crores, in Hero Future Energies (HFE). KKR is a Global Private Equity major which has deployed over $15 million globally to invest in renewable assets. “This investment will position HFE for continued growth and support its efforts to expand…
Himanshu
Why Should Investors Expect Recession in 2023?
Investors should expect a recession in 2023 ━ Jason Trennert, CEO of Strategas Securities, a capital market company, said in an interview. He says there are very few instances in which the inflation rate got something like 8 per cent or 9 per cent where the FED (Federal Reserve System) was able to bring it…
RBI Approved Appointment Of Pralay Mondal As CEO Of CSB
CSB Bank Limited received the approval for the appointment of Pralay Mondal as the Managing Director and Chief Executive Officer from the Reserve Bank Of India (RBI) on September 15, 2022. The appointment was announced in the meeting held on the same day with the Boards of Directors. Pralay Mondal’s appointment as MD and CEO…
Adobe Agrees To Buy Figma For $20 Billion
Adobe Inc. has agreed to purchase software design firm Figma Inc. for around $20 billion in order to extend its capabilities for creative professionals. The Adobe acquisition, which is half cash and half shares, verifies an earlier Bloomberg story and would be the largest buyout of a private software business ever. In the premarket trade,…
