NEWS
Saudis set to take control of London’s Heathrow Airport
12 Dec 2023
Investors from the Middle East, more specifically, Saudi Arabia, are all set to take majority control of London’s Heathrow Airport (LHR), the main international airport serving London
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Supreme Court upholds abrogation of Article 370 in J&K
12 Dec 2023
The Supreme Court has upheld the Indian Union government’s decision to revoke the special status enjoyed by Jammu and Kashmir; it has revoked Article 370, which was promulgated in 1949, after the first war with Pakistan over the control of this territory.
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Hindalco to invest Rs 800 crore in Odisha for battery foil unit
12 Dec 2023
Hindalco Industries, a company under the Aditya Birla Group, is to invest Rs 800 crore in expanding its manufacturing capacity of high-quality aluminium foil.
JPMorgan Chase plans to outsource local custody business in Hong Kong and Taiwan
12 Dec 2023
JPMorgan Chase, the world’s third-largest global custodian, is set to outsource the operations of its local custody business in Hong Kong and Taiwan.
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Omidyar Network announces its exit from the Indian market after a decade of operations
12 Dec 2023
In a significant development, impact investment firm Omidyar Network India, operating with a unique dual-chequebook investment model, is set to exit the Indian market after a decade of operations.
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Cognizant to sell office assets in Bengaluru, Hyderabad for operational optimization
12 Dec 2023
In a strategic move towards becoming asset-light, software services giant Cognizant Technologies is set to sell its office assets in Bengaluru and Hyderabad.
Max Healthcare to acquire Sahara Hospital for Rs940 cr
12 Dec 2023
Max Healthcare Institute has agreed to acquire Lucknow-based Sahara Hospital, as it looks to expand its operations in the country.
COP28 summit: Draft climate deal falls short of fossil fuel 'phase-out'
12 Dec 2023
As the COP28 summit in Dubai, UAE approaches its final day, the latest draft text, issued by President Sultan Al Jaber, has refrained from addressing the phasing out of fossil fuels.
Occidental Petroleum to acquire CrownRock LP in $12 bn deal
12 Dec 2023
US oil company Occidental Petroleum on Monday said it has entered into an agreement to acquire Midland-based oil and gas producer CrownRock L P, for cash and stock in a transaction valued
Nvidia expands AI development partnership with Vietnam's tech leaders
11 Dec 2023
In a significant development, US chipmaker Nvidia’s CEO, Jensen Huang, declared on Monday the company’s commitment to enhancing its collaboration with Vietnam’s top tech firms.
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Stephanie Pope is set to assume the role of Chief Operating Officer at Boeing
11 Dec 2023
Boeing is all set to appoint Stephanie Pope, a seasoned company veteran and current head of Boeing Global Services, as its Chief Operating Officer (COO).
Bank employees clinch 17% annual pay hike; push for 5-day week
10 Dec 2023
A consortium of bank employee unions and the Indian Banks Association (IBA) have reached a consensus on wage revision that provides for an annual increase of 17 per cent in salaries
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