Management - general
Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027
08 Nov 2023
Retail giant Walmart is seizing the India-first opportunity in the global sourcing landscape as it prepares to host a groundbreaking mega sellers' summit in New Delhi on February 14 and 15, 2023.
The US pledges a $553 million investment in the Adani-owned Sri Lanka port to curb Chinese Influence
08 Nov 2023
In a strategic move aimed at countering China's influence in South Asia, the United States has pledged a substantial $553 million in financing for the development of a port terminal in Sri Lanka's capital, Colombo.
WeWork, formerly the most valuable US startup, declares bankruptcy under SoftBank ownership
07 Nov 2023
WeWork, the once high-flying office space provider backed by SoftBank Group, filed for bankruptcy protection on Monday, 6 November 2023.
ESPN valued at $24 billion, Apple and Verizon among likely buyers
03 Nov 2023
According to BofA Global Research, the Disney-controlled ESPN sports network is currently exploring opportunities to attract investments from various sources
LinkedIn hits milestone with 1 billion members and unveils new AI features for subscribers
02 Nov 2023
In a special milestone, LinkedIn, the business-focused social network owned by Microsoft, announced on Wednesday, 1 November, 2023, that it has crossed the one billion-member mark.
Carlsberg CEO accuses Russia of corporate espionage of their Russian asset, Baltika
01 Nov 2023
In a decisive move, Carlsberg, the Danish brewing giant, has officially cut all ties with its Russian business, refusing to engage in any dealings with the Russian government that would legitimize the seizure
WeWork faces imminent bankruptcy filing amid mounting debt woes
01 Nov 2023
Troubled flexible workspace provider WeWork is on the brink of filing for bankruptcy as early as next week. The SoftBank Group-backed company, grappling with a staggering debt load
Study reveals global billionaire tax could generate $250 billion annually
23 Oct 2023
The EU Tax Observatory suggested on Monday, 23 October, 2023, that governments should introduce a global minimum tax on billionaires
Country Garden's offshore debt in default risk without payment
17 Oct 2023
If China's largest property developer, Country Garden, fails to make a $15 million coupon payment on Tuesday, October 17, 2023,
U.S. pharmacy store Rite Aid files for bankruptcy protection amid several lawsuits
16 Oct 2023
Rite Aid filed for Chapter 11 bankruptcy on Sunday, October 15, 2023, taking a step to suspend the lawsuits against the drugstore chain related to its alleged
RIL appoints K V Kamath as an independent director
07 Nov 2022
Kamath will also serve as an independent director and non-executive chairman of Reliance Strategic Investments Limited (RSIL), a wholly-owned subsidiary of the company engaged in the financial services business
Former chairman of Tata Sons Cyrus Mistry dies in road accident near Mumbai
04 Sep 2022
Anahita Pandole (55), a well-known gynaecologist, who was driving the car and her husband Darius Pandole (60), survived the crash, while Mistry and Jahangir Pandole, brother of Darius, who were in the back seat, were killed in the accident
Murugappa Group acquires 70% stake in Cellestial E-Mobility; plans invest Rs350 cr in EV business
31 Jan 2022
Alka Mittal becomes first woman CMD of ONGC
05 Jan 2022
Mittal, who has been serving as director (HR) since 27 November 2018 and the senior-most director on the board of ONGC, will serve as CMD of the energy `Maharatna’ for a period of six months beginning 1 January 2022
Kumar Mangalam Birla steps aside from Vodafone Idea board
09 Aug 2021
Vodafone Idea has to pay dues of over Rs58,000 crore to the telecom department that are linked to adjusted gross revenues dating back to 2007, while the company has gross debt of Rs1,80,000-crore
Sumitomo Mitsui to buy majority stake in Fullerton India for $2 bn
06 Jul 2021
Stuck in a low-interest domestic market, Sumitomo Mitsui has been looking for acquisitions in Asia’s emerging markets like Vietnam, the Philippines and India to support growth
SC `validates’ Tata Sons' decision to sack Cyrus Mistry as chairman
26 Mar 2021
The court also refused to entertain Shapoorji Pallonji group’s plea for fair compensation of their equity shares in Tata Sons, saying that the value of SP group shares will depend on valuation of Tata Sons’ equities and that the SC would not get into determining what should be a fair value
Woman at the Helm of Financial Powerhouse Citi
24 Sep 2020
Jane Fraser has been elected to the board of directors of Citigroup, and will take over from Corbat when he retires from Citi and steps down from its board of directors in February 2021
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation