Business

Cisco Appoints Pete Shimer to Board, Daniel Schulman to Step Down

Cisco Systems (NASDAQ:CSCO) has appointed Pete A. Shimer to its board of directors, while Daniel H. Schulman will step down from the board, according...

Cisco Director Pete Shimer Files Initial Ownership Disclosure with SEC

Cisco Systems (NASDAQ: CSCO) board member Pete A. Shimer has filed an initial statement of beneficial ownership with the U.S. Securities and Exchange Commission...

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CESC to raise Rs 300 crore through issuance of NCDs

India-settled power utility company CESC on Wednesday said that "The board has approved to raise Rs 300 crore through issuance of non-convertible debentures (NCDs)." In...

Rolls-Royce to cut 9,000 jobs for its global workforce

UK-based engineering company Rolls-Royce has announced plans to layoff 9,000 employees from its 52,000 global workforces that would predominantly come from Rolls-Royce's civil aerospace...

Reliance Industries raises Rs 3,600 crore through NCDs

Reliance Industries has raised Rs 3,600 crore through issuance of 36,000 unsecured redeemable non-convertible debentures (NCDs) on a private placement basis. In a filing at...

Raymond to raise Rs 100 crore through NCDs

India's leading textile company Raymond Ltd is planning to raise up to Rs 100 crore through issuance of non-convertible debentures (NCDs) on a private...

Indiabulls Housing Finance secures Rs 1,030 crore through issuance of bonds

Indiabulls Housing Finance Ltd has raised Rs 1,030 crore through issuance of bonds on a private placement basis. In a filing with the stock exchange,...

Atmanirbhar Bharat: Nirmala Sitharaman announces atomic energy-related reforms

Speaking on the reforms made by the Government on the Atomic energy sector, the Finance Minister of India Nirmala Sitharaman on Sunday said, "There...

Atmanirbhar Bharat: Nirmala Sitharaman announces Rs 30,000 crore emergency fund through NABARD, will help 3 cr farmers

Addressing the press on May 14 in Delhi, Finance Minister Nirmala Sitharaman said, "The government has announced Rs 30,000 crores as additional emergency working...

Lockdown 4.0: Nirmala Sitharaman: Power distribution companies to be privatized in UT’s

Finance Minister Nirmala Sitharaman has announced the privatization of power distribution companies in the Union Terrorities of India. Addressing the media, Nirmala Sitharaman said, "The...

Uttar Pradesh government revokes its controversial order of 12 hours work shift for industrial workers

The Yogi Adityanath-led Uttar Pradesh government on Saturday revoked its very controversial order that allowed the working hours of industrial workers from 8 hours...

Lockdown 4.0: Nirmala Sitharaman says, “Government bars global tenders for procurements up to Rs 200 crore”

Briefing the media on the Rs 20 lakh crore economic stimulus package, Finance Minister Nirmala Sitharaman on Wednesday said, "The global tenders will be...

Saudi Arabia cabinet asks OPEC+ countries to reduce oil production rate

The cabinet of Saudi Arabia has urged the OPEC+ countries to reduce the rate of oil production to restore balance in global crude markets. Quoting...

Jubilant Life Sciences partners with Gilead Sciences to develop remdesivir

India-based drugmaker Jubilant Life Sciences on Tuesday said that "It's subsidiary Jubilant Generics Limited has entered into a non-exclusive agreement with Gilead Sciences to...

President Trump backs Elon Musk, says “California should let Tesla open the plant now”

US President Donald Trump has supported Elon Musk's decision to open the work of Tesla's plant in California. https://twitter.com/realDonaldTrump/status/1260203080076931072 Taking to Twitter on Tuesday, President Donald...

Coronavirus Update: PM Modi announces Rs 20 lakh crore economic stimulus package

Addressing the nation on the coronavirus lockdown, Prime Minister Narendra Modi on Tuesday announced the economic stimulus package worth Rs 20 lakh crore. PM Modi...

Spotify enters in-licensing deal with Saregama for India market

Online music streaming service Spotify has entered into a licensing partnership with Saregama for the India Market. Spotify in its issued statement said, "The partnership...

“Not offering any emergency loans through YONO Platforms,” says SBI

State Bank of India has clarified that it is not offering any kind of emergency loans through its YONO platform. The clarification on the loan...

Interview: PivotRoots MD Shibu Shivanandan says, “Programmatic comes with the promise of transparency, efficiency and more balanced media buys outside of the duopoly

Sandeep Balani, India Head – OutBrain has recently caught up with Shibu Shivanandan, Founder & Managing Director of PivotRoots – a leading agency and...

Coronavirus Pandemic: G20 agrees to temporary pause debt payments for poorest countries

The Group of 20 nations (G20) has announced to temporary pause to debt payments by the world's poorest nations as they struggle to deal...

IMF projects global economy growth at minus 3 in 2020

As the world is going through the huge economy fallout due to the coronavirus outbreak, the International Monetary Fund on Tuesday projected global economy...

President Trump says, “It’s my decision when to reopen the U.S. economy.”

Befitting the reply on the governor's decision to reopen the U.S. economy, US President, Donald Trump on Tuesday said, "It's his decision when to...

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...

Fed expresses concerns on the reopening of Coronavirus hit economy

Federal Reserve boss Jerome Powell has expressed concerns on the reopening of coronavirus hit economy. For latest news updates, business news and world news, Like...

Coronavirus: Godrej Consumer partners with Zomato, ShoKirana, and ZoomCar for delivery of essential items

India-based FMCG major Godrej Consumer Products Limited (GCPL) has announced its partnership with online food delivery apps Zomato, ShopKirana and ZoomCar for delivery of...

Market Analysis: Dow ends above 23,000 mark for the first time in a month

The Dow gained 3.4% to close above the 23,000 mark for the first time in a month despite the US seeing the largest number...

Innovative “Eco-Business Park” To Be Built In Canadian City

The City of Summerside, Prince Edward Island, Canada is allocating $10 million towards the construction of an eco-industrial park that is meant to foster...

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...

Facebook appoints Robert Kimmitt as a lead independent director

U.S. leading social networking giant Facebook Inc on Friday announced the appointment of the U.S. treasury's former deputy secretary Robert Kimmitt as a lead...

Coronavirus pandemic: Bank Of Canada slices key interest rate to 0.25 percent

In a bid to revive the coronavirus-affected economy, the Bank of Canada on Friday announced its plans to reduce its interest rate to 0.25...

COVID19 Update: US announces $58 billion aid to avoid airline industries bankruptcies

Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid,...

Ashok Leyland adds more stakes in Hinduja Leyland Finance

India's leading automaker Ashok Leyland has acquired an additional stake in Hinduja Leyland Finance. In a filing with BSE on Thursday, Ashok Leyland said, "The...

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