BUSINESS
Adani acquires India's largest marine services company Ocean Sparkle
Key activities carried by the company include towage, pilotage, and dredging. With an asset base of 94 owned vessels and 13 third-party owned vessels, OSL is a market leader. OSL is valued at an enterprise value of Rs 1,700 crore with Rs 300 crore of free cash in the company. The company was established in 1995 by a group of marine technocrats with P. Jairaj Kumar as the Chairman and MD, who will continue as the Chairman of the OSL board.
Nicolas Cage tried to build $80 mn film studio, but 'Elon Musk came in'
According to 'Variety', Cage said Tesla CEO Elon Musk came to town and Las Vegas opted to put the money into the Tesla corporation instead of his desired movie studio. Cage lives in Las Vegas, and the city has been the backdrop for some of his films like 'Leaving Las Vegas' and 'Honeymoon in Vegas'. Cage won an Oscar for best actor for his performance in 'Leaving Las Vegas'. "Vegas has been good to me, it really has," Cage said.
Meta COO Sandberg 'threatened' UK outlet from publishing story on her ex-boyfriend
According to a report from The Wall Street Journal, Sandberg put pressure on the Daily Mail not to publish stories about a restraining order filed against Kotick by his former girlfriend. "In 2016 and 2019, Sandberg contacted the digital edition of the Daily Mail (MailOnline), which was reporting on a story that would have revealed the existence of a temporary restraining order against Kotick that had been obtained by a former girlfriend in 2014," the report said late on Thursday.
Modify ads resembling Britannia's Good Day biscuits, Delhi HC to Parle
A bench of Justice Prathiba M Singh directed Parle to ensure modification in their advertisements by blurring the image of the cookies within two weeks. "It is directed that the defendants shall ensure that within two weeks from now, the impugned Advertisement No.2 and Advertisement No.3 shall be modified with the blurred image of the cookie and the currently used cookie image would be no longer visible in the said advertisements on any online platforms from May 1, 2022, onward," the order passed on April 19 read.
'Italy to be almost independent of Russian gas by 2023'
That would be a rapid change for Italy, which imported more than 40 per cent of its gas supply from Russia before the Ukraine crisis. Along with other European Union countries, Italy issued widespread sanctions against Russia for its military operation in Ukraine. But the sanctions does not include gas imports, Xinhua news agency reported.
Global chip shortage set to ease despite China lockdowns
The second half of 2022 will see downward shipment revisions, largely due to increasing inventory in the channel and a slowdown in consumer PC momentum, according to Counterpoint Research. "Coupled with wafer production expansion and continuous supplier diversification, we have witnessed significant improvement in the component supply situation, at least in the first quarter," said research analyst William Li.
Adani Enterprises shares up nearly 5%, Co commits Rs 10k cr investment in Bengal
On Wednesday, he made this announcement while addressing the inaugural session of the Bengal Global Business Summit (BGBS)-2022, the annual event organised by the West Bengal government to showcase the state as an ideal investment destination. "This investment will be mainly in sectors like under-sea cables, data centres and warehouses," he said at the summit.
Angel One shares surge 18% on healthy Q4 earnings
The shares of the company settled 18.2 per cent higher at Rs 1,920 on Thursday as it reported strong earnings during the quarter that ended in March. Due to a rise in business growth, the profit after tax reportedly rose 24 per cent quarter-on-quarter and 94.6 per cent year-on-year at Rs 205 crore. Operating revenue rose 16 per cent on quarter and 77 per cent on year to Rs 410 crore.
LG unveils new range of ACs, wearable purifier in India
The 2022 lineup, which starts from Rs 15,000 and goes up to Rs 2 lakh, offers new refrigerators - InstaView door-in-door and frost-free refrigerators, AI direct drive washing machines, puricare wearable air purifier, VIRAAT AC, UV+UF water purifiers and a new range of charcoal microwaves.
West Bengal has got investment proposals worth Rs 3.42L cr: CM
"The BGBS -- 2022 has attracted a total investment proposal worth Rs 3,42,375 crore, which is the highest among all the six editions of BGBS. In the past five editions of BGBS combined, our state received investment proposals worth Rs 12.5 lakh crore," Banerjee said on Thursday at the closing programme of the BGBS, an annual event to showcase the state as an ideal investment destination.
Don't Miss
Advertisement