BUSINESS
ZEEL merger with Sony hinges on shareholder nod amid row with Invesco, OFI Global
R. Gopalan, Chairman, ZEEL, said that the merger would work to the interest of the shareholders of both the companies as already shown by the share price movement seen on the bourses. "The value of the merged entity and the immense synergies drawn between both the organisations will not only help businesses grow, but will also enable the shareholders to benefit from its future successes.
Air India CMD Bansal appointed Civil Aviation Secretary
He will succeed Pradeep Singh Kharola, who retires this month-end. A statement from the Appointments Committee of the Cabinet said: "Rajiv Bansal (IAS:1988:NL) appointed as Secretary, Ministry of Civil Aviation." "He replaces Pradeep Singh Kharola (IAS:1985:KN) who will be retiring this month-end. Presently, Bansal is working as CMD, Air India."
After cutting billionaires Jack Ma & Pony Ma to size China clips Didi founder Cheng's wings
Cheng, 38, is the youngest entrepreneur heading one of China's biggest tech companies. In the nine years since Didi was founded he has created a tech giant that amassed nearly 160 million monthly active users by the first quarter of this year in China alone and taken over the operations of arch rival Uber in the country. This is nearly double the amount of users that Uber has worldwide.
Tatas most trusted group amongst the investors: Poll
The poll which gauged the trustworthiness of various corporate groups has, however, found that entities like Hero, Jindal, RPG group and the rest of the corporate groups are trusted only by up to 5 per cent of total number of people interviewed. The Independent equity research initiative Equitymaster was carried out consisting of 17 of IndiaaYs most well-known corporate groups
Sify Technologies to set up data centres with 200 MW capacity
The new data centres will come up in Mumbai, Delhi and Bengaluru where the demand is expected to be more both for colocation and cloud space given the concentration of financial traffic. Entering the data centre market in 2000, Sify over the years has built and operates 10 carrier-neutral data centres, currently offering more than 70 MW at Vashi, Bengaluru, Chennai, Airoli, Noida, Rabale, Hyderabad and Kolkata.
India Ratings downgrades Ford India's ratings
According to India Ratings, the outlook is 'Stable' for Ford India which has announced its decision to stop car production in India. "The downgrade reflects the developing implications with respect to the operational and credit metrics of the entity post restructuring, the quantum of outflows on account of the restructuring, and the agreements with various stakeholders," India Ratings said.
Relief for consumers as fuel prices maintain stability
The oil marketing companies (OMCs) on Wednesday kept pump prices of petrol and diesel unchanged, the 17th consecutive day of no revision, as they preferred to wait and watch the global oil situation before making any revision in prices.
Private liquor vends in Delhi to remain shut from Oct 1 to Nov 16
During this time, only government liquor shops will function in the capital. There are total 849 liquor stores in Delhi, of which 276 are privately-run with the rest being operated by Delhi government agencies, an official said. Many liquor store owners have stopped purchasing new stock so as to exhaust their existing stock by the end of this month post which their shops will be closed.
First estimates put kharif food grain production at 150.5 mn tonnes
The estimate for crop production includes 107.04 MT rice, which is a record production figure, 34 MT nutri/coarse cereals, 21.24 MT maize, 9.45 MT pulses, and 4.43 MT tur while there is estimated production of 8.25 MT groundnut oil and 12.72 MT soyabean, an Agriculture and Farmers' Welfare Ministry statement said.
Aiming for $400 bn merchandise exports in FY 21: MoS Commerce
"The Ministry of Commerce has been taking various steps to facilitate agricultural exports, and initiatives have been taken to achieve merchandise exports worth $400 billion in financial year 2021-22," he said, while inaugurating the Vanijya Utsav in Kochi virtually. Vanijya Utsav is being organised in hybrid mode here as part of the Vanijya Saptah programme of the Ministry to commemorate Azadi Ka Amrut Mahotsav.
Don't Miss
Advertisement