LiveNokia to Stop Doing Business in Russia
Nokia’s CEO announced that the company would no longer do business in Russia. After Russia invaded Ukraine, many companies cut ties with the country. While...
Category : BUSINESS
Wipro Acquires Consulting Firm CAS For $80 Million
Wipro acquired Convergence Acceleration Solutions (CAS) for $80 million to drive large-scale business and technology transformation for clients. The company will pay $50 million upfront,...
TCS Revenue Hits Rs 50,000 Crore
Tata Consultancy Services Ltd (TCS) reported a 7.4 per cent rise in quarterly profit from a year earlier, slightly below analysts’ estimate, as rising employee...
Ruchi Soya Shares Continue to Surge on New Announcements
Shares of Ruchi Soya surged more than 5 per cent to Rs 973 apiece on the BSE in Monday’s early deals after a series of...
Glenmark to Conduct Phase 1 Trials of Its Molecule on Cancer Patients
Glenmark Pharma said it had received approval from the Drug Controller General of India (DCGI) to conduct phase 1 clinical trials of its molecule, GRC...
KKR to Buy 9.99% Stake in Shriram General Insurance
KKR will acquire a 9.99 per cent stake in Shriram General Insurance, according to an official statement. The acquisition is subject to necessary regulatory approvals....
Exim Bank Plans to Raise $3 Billion Through Overseas Bonds in FY23
Export-Import (Exim) Bank of India plans to raise around $3 billion in 2022-23 (FY23) via overseas bonds to support fresh lending and refinance a portion...
Adani Group Stocks Extend Rally on $2 Billion By UAE’s IHC
Shares of Adani Group companies traded higher by up to 8 per cent on the BSE in Monday’s intra-day trade, extending their previous week’s rally,...
Ola Board Approves Buyout of Avail Finance
Ola’s board has approved the acquisition of Avail Finance for $50 million in a share swap deal. The merger comes as Ola planned to list...
Elon Musk Announces CEO Parag Agrawal
Twitter CEO Parag Agrawal announced on Monday that Elon Musk has decided not to join the board of the microblogging site. Agrawal tweeted that Musk...