BUSINESS
Lenovo India logs $1.9 bn in FY23, over 5 mn products being made locally
After a year of industry and global uncertainties, Lenovo sais it is witnessing positive signs of the market stabilising and expects the entire PC and smart devices market to resume year-to-year growth in the second half of 2023.
Richard Branson's rocket company Virgin Orbit sold for $36 mn, shuts biz
Rocket Lab bid $16.1 million for the company's headquarters in Long Beach, California. Stratolaunch was awarded its $17 million "stalking horse" bid for Virgin Orbit's 747 jet.
Alibaba to make significant job cuts amid IPO plans
In March, Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, according to a Nikkei Asia report.
Germany issues arrest warrant against Lebanon's central bank governor: Media
The move came after Lebanese Interior Minister Bassam Mawlawi said on Friday that the country had received an arrest warrant from the Interpol against Salameh, and the judiciary authorities had been discussing "attentively" on whether they would grant its execution, Beirut-based al-Jadeed TV network reported on Tuesday.
New Jersey firm fined for discriminatory job ads seeking only Indians
Infosoft Solutions Inc, an IT recruiting and contracting company operating as KForce Tech LLC, violated the Immigration and Nationality Act (INA) by posting six discriminatory job advertisements between July 2021 and August 2021. When employers advertise jobs only to applicants from a certain country or who need temporary vis.
Shutterstock to acquire GIF platform Giphy from Meta for $53 mn
In a significant decision, the Competition and Markets Authority (CMA) in the UK in October last year ordered Meta (formerly Facebook) to sell off online database and search engine Giphy it acquired for $315 million. Giphy's vast library of GIFs and stickers draws more than 1.3 billion search queries on a daily basis and powers more than 15 billion daily media impressions.
First mother ship to berth at Adani Ports Vizhinjam in September
Port authorities also point out that the port is expected to be fully operational by 2024 September. Upon its completion, the port will prove to be a game changer not just for Kerala but for the entire country as 80 per cent of transshipments to India which currently takes place at Colombo, Singapore and Dubai, will arrive at Vizhinjam.
German economy stagnating: Survey
"The outlook for the next 12 months remains overall bleak, especially since incoming orders are noticeably declining on the demand side. DIHK continues to expect zero growth this year," said Ilja Nothnagel, a member of the DIHK Executive Board responsible for economic analysis.
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Reliance Power has offered to pay Rs 1,200 crore in upfront cash to the lenders of VIPL which include Axis Bank, SBI, Bank of Baroda, PNB, Canara Bank, and Bank of Maharashtra. The outstanding loan of the company as on March 31, 2022, is around Rs 2,200 crore.
Goa plans to build iconic structure of Lord Parshuram's 'Bow & Arrow' near sea
Tourism Minister Rohan Khaunte on Monday said that his department has thought of creating this structure near the sea at Mandrem in North Goa. "Goa is known as Parshuram land. But barring the Parshuram temple at Canacona, there is no other iconic structure in Goa.
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