Nestle to invest $2.1 billion to reduce the use of virgin plastics

In an attempt to reduce the use of virgin plastics. The Swiss largest food and beverage company Nestle has announced that “It will invest 2 billion Swiss francs ($2.1 billion US dollars) in the next five years to favor of food-grade recycled plastics.”In a statement, the company said “Building on Nestle's 2018 commitment to make 100% of its packaging recyclable or reusable by 2025.”“The Company will reduce

Manappuram Finance snaps $300 million in bonds

Manappuram Finance on Monday has announced the approval of the issuance of fixed-rate senior unsecured notes aggregating to $300 million.In a filing at BSE, Manappuram Finance said that "At a meeting held on January 6th, the Financial Resources and Management Committee of the Board of Directors has approved the issuance of fixed-rate senior unsecured notes aggregating to $300 million.""The committee has also

Japan issued an arrest warrant against Nissan's ex-boss wife Carole Ghosn

The Prosecutors in Japan have said that “they have obtained an arrest warrant against Carole Ghosn, wife of Nissan ex-boss Carlos Ghosn.”In a statement, the prosecutors stated that “They have obtained the warrant on the ground of false statements she made during April testimony in Tokyo district court about the meetings with an unnamed individual.”The arrest of Carole Ghosn has come after a day when Carlos

TypingDNA closes $7 million in series A round funding from Gradient Ventures, GapMinder, Techstars Ventures, and others

A New York-based behavioral biometrics company, TypingDNA has raised $7 million in series A round funding from Gradient Ventures, Google AI-focused venture funds, and few others.The new round funding led by Gradient Ventures, a Google AI-focused venture fund has also sawed the participation of GapMinder, TechStars Ventures, including its existing investors.TypinDNA, which uses the artificial intelligence

NSE reaches to SEBI, plans to launch its IPO by September

The National Stock Exchange (NSE) has said that “It has approached the markets' regulator SEBI, for the approval to its IPO.”While speaking with the PTI, Vikram Limaye, CEO and MD, NSE said, “The exchange has approached the SEBI for the approval for its initial public offering, which it is expecting to launch by the third quarter of this year.”“After the approval from regulator, we will start the process for

Abu Dhabi announces $200 million as financial aid to support SMEs in Pakistan

In an attempt to support small and medium-sized enterprises (SMEs), the Crown prince of Abu Dhabi 'Sheikh Mohammed bin Zayed' has announced the financial aid of $200 million to Pakistan.In a tweet by Abdul Hafeez Shaikh, the finance adviser to PM said that “After meeting with the Prime Minister Imran Khan, The Crown Prince of Abu Dhabi has announced the $200 million financial aid to Pakistan.”“The money will

Agnes Pannier-Runacher says, “France will not deport 'Carlos Ghosn' if he arrives in the country.”

French junior economy minister Agnes Pannier-Runacher on Monday said that “The government 'will not deport,' Nissan's ex-boss Carlos Ghosn if he arrived in the country.”While speaking with France's BFM news channel, Pannier-Runacher said, “If Mr, Ghosn who has French citizenship arrives in France, then we will not extradite Mr. Ghosn because France never extradites its nationals.”

Ashok Leyland records 28 percent decline in December sales

India's largest auto-manufacturing giant Ashok Leyland has reported a decline of 28 percent in its total commercial vehicle sales in December.In a filing at a stock exchange, the company said, "We have recorded a decline of 28 percent in our total commercial vehicle sale at 11,168 units in December, as compare to 15,490 units which the company sold a year ago.""The company has also reported a sharp decline

Dr Reddy's Laboratories launches 'Generic Sodium Nitroprusside injection,' for immediate reduction of blood pressure

India's largest drug maker Dr Reddy's Laboratories has announced the launched of 'Sodium Nitroprusside injection,' in the U.S. market for immediate reduction of blood pressure in hypertensive crises.In a filing at the BSE, Dr Reddy's Lab said: “The company has launched the generic Sodium Nitroprusside injection, 50mg/2 ml (25 mg/ml) single-dose vial, the therapeutic generic equivalent of Nitropress (sodium

Tech Mahindra announces new policies for LGBTQ+ employees

To help new parents, cancer patients, and survivors, and LGBTQ+ community, India's largest tech giant Tech Mahindra has announced that it has added a new initiative to its Diversity & Inclusion (D&I) policy which aimed at supporting employees from the LGBTQ+ community.The company in its statement said that “As a part of the new policy, the company would grant more time for its employees in the first year