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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Kalpataru Power profit jumps by 16.66 percent to Rs 133 crore in Quarter 3

Kalpataru Power Transmission LTD (KPTL) has reported a 16.66 percent jump in the consolidated profit for the December quarter ending in 2019. In a filing...

Petronet LNG Ltd records the highest profit of Rs 675 crore in Q3

India's largest liquefied natural gas importer Petronet LNG Ltd on Monday reported a profit of Rs 675 crore in the third quarter of December...

India to approve $2.6 billion US naval helicopter deal ahead of President Trump visit

India is set to give final approval to a $2.6 billion deal for military helicopters from US defence firm Lockheed Martin ahead of a...

Oberoi Realty’s Q3 profit increases by 7 percent

India's largest construction company Oberoi Realty on Friday reported a 7 percent increase in consolidated net profit for Quarter 3. In a filing with the...

Wall Street dips record high after U.S. employment report

Wall Street slipped from record highs at the open on Friday as investors assessed the U.S. employment report for January that showed acceleration in...

A deep-dive into the Union Budget 2020 announcements

The Union Budget for FY21 is a progressive initiative and is an “investment in medium to long term economic development” and should be viewed...

Thomas Gottstein to replace Tidjane Thiam as Credit Suisse new boss

Credit Suisse Chief Executive Tidjane Thiam has quit after a power struggle at Switzerland's second-biggest bank, which faces investor pressure over a spying scandal...

Manappuram Finance plans for Rs 1,150 crore funding through debentures

India's leading Financier Manappuram Finance has announced its plan to raise Rs 1,150 crore through issuance of debentures. In a regulatory filing with the stock...

Reports: Goldman Sachs to raise $8 bn in its second buyout fund

Goldman Sachs Group Inc plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to...

Global green bond issuance to be at $300-$375 billion this year

Global green bond issuance is expected to be between $300-$375 billion this year, after a record year last year, according to research from two...

India may issue $5 billion bonds with no foreign investment cap limit

India is likely to issue at least $5 billion worth of bonds with no limits on foreign investment next year, in a bid to...

Exide Industiries reports 16.76 percent decline in Q3

Battery maker giant Exide Industries on Tuesday reported a 16.76 percent decline in consolidated profit at Rs 118.15 crore in third-quarter end of December...

AirAsia boss Tony Fernandes, and Chairman Kamarudin Meranun to step down on bribery charges

AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun will step aside for at least two months while the airline and authorities investigate allegations...

Nikhil Arora of GoDaddy India says, “This budget is a reflection of government's commitment toward delivering inclusive growth"

Speaking on the union budget 2020, that was presented in the parliament by Finance Minister Nirmala Sitharaman on Saturday. Nikhil Arora, Vice President and Managing...

“Allowing NBFCs to finance invoices of MSMEs through TReDs will give clear access to the fund,” Says CMA B Mallikarjun Gupta

Speaking on the budget, tabled by Finance Minister Nirmala Sitharaman on Saturday, CMA B Mallikarjun Gupta, Chief Taxologist at Logo Infosoft said that “Fake...

Coronavirus Outbreak: Over $420 billion wipes out from China's stock market

Investors erased $420 billion from China's benchmark stock index on January 3, sold the yuan and dumped commodities as fears about the spreading novel...

Budget 2020: Reaction on budget from Industry, Startup founders, Investors, and Analysts

With the bid to boost the economy through the multiple investment announcements in the different sectors like health, rural, education, startups, agriculture and Infrastructure,...

Budget 2020: A budget for better economic prospects: expectations from the fintech sector

Even as we prepare for the budget 2020, just a day away, here are some of the expectations from the fintech industry ahead of...

Warren Buffett is selling his newspaper business

OMAHA: Billionaire Warren Buffett is giving up on the newspaper business. He's selling all of Berkshire Hathaway's publications to Lee Enterprises for $140 million, including...

Flipkart Co-founder Sachin Bansal resigns from Ujjivan Small Finance Bank board

Citing to the conflict of interest, Flipkart ex-CEO and Co-founder Sachin Bansal has announced that, “It has resigned as an independent director of Ujjivan...

Godfrey Phillips rejects Lalit Modi's claim on KK Modi stake sale

Manufacturer of Marlboro cigarettes in India, Godfrey Phillips India has rejected the claim made by Lalit Modi who said that “Its (Godfrey Phillips) promoter,...

Shriram City Union Finance to raise $1 billion in dollar bond sale through GMTN programme

Chennai-based non-banking financial institution, Shriram City Union Finance Ltd is planning to raise $1 billion in bond sale through Global medium-term notes (GMTN) programme. In...

Online food delivery company Takeaway wins $8 billion battle of Britain's Just Eat

Amsterdam-based online food ordering company Takeaway.com has won the battle for Britain’s Just Eat with £6.2-billion pound ($8 billion) share offer that will create...

JSW Steel to raise Rs 1,000 crore through Non-convertible debentures

India's largest steel company, JSW Steel on Thursday said that “It will be raising nearly to $1000 crore through issuance of non-convertible debentures.” In a...

Glenmark Pharma to sell its India and Nepal business for Rs 115 crore

Mumbai based pharma company, Glenmark Pharma has announced that, “The board has decided to sell its Gynaecology business in India and Nepal for Rs...

UP Government to increase license fee for foreign liquor by 20 percent, and beer by 15 percent

As a part of the 2020-2021 excise policy. the Uttar Pradesh state cabinet on Wednesday said that “It has given an approval to increase...

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...

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,...

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...

Saudi Arabia may shave light crude prices to Aisa in February

Saudi Arabia, the world's biggest oil exporter, may cut the prices of its light crude grades sold to Asia in February on signs of...

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