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After Virat Kohli stepped down as Indian cricket team's Test captain, businessman Anand Mahindra said, "He's been at the centre of controversies and this decision may evoke varied responses." Mahindra added, "To me, Virat embodies the fierce, unapologetic, unrelenting competitiveness and desire to win that we've always wanted to see in our sportspersons. May the Force be with him."
short by Sakshita Khosla / 10:20 pm on 15 Jan
Maharashtra minister Jayant Patil has tweeted to Tesla CEO Elon Musk, "We will provide you all the necessary help from Maharashtra for you to get established in India." He added, "We invite you to establish your manufacturing plant in Maharashtra." This comes after Telangana's Industry and Commerce Minister KT Rama Rao offered help to Musk "to set shop in India/Telangana".
short by Apaar Sharma / 12:52 pm on 16 Jan
Over 5.4 million email addresses and other customer and employee information from Aditya Birla Fashion and Retail Limited database have reportedly been made public in a massive data breach on its portal. Around 700 GB of data has reportedly been released online by 'ShinyHunters' hacker group. ABFRL spokesperson confirmed the incident, saying the company has reset passwords of all customers.
short by Sakshita Khosla / 03:15 pm on 16 Jan
Telangana's Industry and Commerce Minister KT Rama Rao tweeted to Tesla CEO Elon Musk, "Will be happy to partner Tesla in working through challenges to set shop in India/Telangana." This comes after Musk said he's facing "challenges with...(Indian) government" for Tesla's launch. "Our state is a champion in sustainability initiatives and a top notch business destination," Rao said.
short by Kiran Khatri / 08:52 am on 15 Jan
HCL Technologies to hire 20,000-22,000 fresher graduates in FY22
short by Hiral Goyal / on 14 Jan 2022,Friday
HCL Technologies on Friday said it expects to hire 20,000 to 22,000 fresher graduates in FY22 and has already onboarded 17,500 freshers as of January 10, 2022. HCL's Chief Human Resources Officer Apparao VV said the company plans to double its fresher hiring in FY23. Its attrition rate rose to 19.8% in October-December period from 15.7% in the previous quarter.
short by Hiral Goyal / 11:19 pm on 14 Jan
Hero MotoCorp to invest up to ₹420 crore in Ather Energy
short by Hiral Goyal / on 14 Jan 2022,Friday
Hero MotoCorp's board has approved an investment of up to ₹420 core in Bengaluru-based electric vehicle startup Ather Energy. The company said it currently holds a 34.8% stake in Ather on a fully diluted basis and its shareholding will increase after the investment. Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather counts Hero MotoCorp as an early investor.
short by Hiral Goyal / 09:19 pm on 14 Jan
Businessman Anand Mahindra tweeted that one Tamil phrase, "poda dei", is enough to sum up a person's frustration, as opposed to two full English sentences. Mahindra, who did his schooling in Tamil Nadu, said, "This Tamil phrase is the one I learned first, used the most often...and have used consistently...throughout my life." He described Tamil as an "energy-efficient language".
short by Kiran Khatri / 04:39 pm on 15 Jan
Photos showing piles of empty packages, including those from retailers like Amazon and FedEx, on rail tracks in US' Los Angeles County have gone viral amid a rise in cargo theft. The thieves wait until trains are immobilised, break locks and leave behind empty boxes, reports said. Rail operator Union Pacific said thefts have risen 160% year-on-year in LA county.
short by Kiran Khatri / 02:47 pm on 15 Jan
Jeffrey A Parker, the CEO and General Manager of the Metropolitan Atlanta Rapid Transit Authority (MARTA), died by suicide after reportedly stepping in front of a train at a station. The 56-year-old had more than 35 years of experience in both the private and public sectors of the transportation industry. MARTA's Board of Directors called Parker's death "shocking".
short by Pragya Swastik / 02:38 pm on 16 Jan
Pharmaceutical group GlaxoSmithKline rejected an unsolicited takeover offer from Unilever for its consumer goods business worth roughly 50 billion pounds ($68.4 billion), The Sunday Times reported. The offer was reportedly made in late 2021. GSK's board and Pfizer, which owns a minority stake in the unit, rejected the offer on the basis that it was too low, the report said.
short by Hiral Goyal / 05:25 pm on 15 Jan
Roundhill Investments to relinquish 'META' stock ticker in the US
short by Aishwarya Awasthi / on 15 Jan 2022,Saturday
US-based Roundhill Investments, which uses 'META' for its Roundhill Ball Metaverse ETF, has announced that it will relinquish the ticker symbol on January 31. Earlier, Facebook-parent Meta, which still trades under the ticker FB, had said it would change its ticker to 'MVRS'. However, days before the planned switch, Meta delayed changing the symbol without an explanation.
short by Aishwarya Awasthi / 11:50 am on 15 Jan
Policybazaar parent PB Fintech announced that it has acquired technology services provider Visit Internet Services for ₹22.41 crore, through its subsidiary Docprime Technologies. This is PB Fintech's second acquisition since it got listed in November 2021 and is expected to be completed by early February 2022. The company acquired MyLoanCare for ₹40.41 crore in December 2021.
short by Subhangi Singh / 05:25 pm on 15 Jan
India's largest carmaker Maruti Suzuki on Saturday said it is increasing prices of its models in the range of 0.1% to 4.3% to partially offset the impact of the rise in input costs. The company hiked prices at least thrice in 2021 by 1.4% in January, 1.6% in April and 1.9% in September, taking the total quantum to 4.9%.
short by Subhangi Singh / 02:43 pm on 15 Jan
Tesla asked law firm to fire lawyer who worked on Musk probe: WSJ
short by Hiral Goyal / on 16 Jan 2022,Sunday
Tesla threatened law firm Cooley LLP to fire one of its attorneys or risk losing its business, the WSJ reported. The lawyer had previously worked at the US Securities and Exchange Commission (SEC). He had interviewed Tesla's CEO Elon Musk during the agency's probe into Musk's 2018 tweet claiming he had obtained funding to take Tesla private, the report said.
short by Hiral Goyal / 03:11 pm on 16 Jan
Block Amazon deal to acquire 100% stake in Cloudtail: CAIT to CCI
short by Hiral Goyal / on 15 Jan 2022,Saturday
The Confederation of All India Traders (CAIT) has filed a petition before the Competition Commission of India (CCI) seeking to block Amazon's deal to acquire 100% shareholding in Cloudtail. "The petition provides evidence to show Cloudtail charges less fees/commission and is a preferential seller," CAIT said. Cloudtail is a joint venture between Amazon and NR Narayana Murthy's Catamaran Ventures.
short by Hiral Goyal / 03:59 pm on 15 Jan
PM Modi to address WEF Davos virtual summit on January 17
short by Saurabh Sinha / on 14 Jan 2022,Friday
Prime Minister Narendra Modi will address the World Economic Forum's (WEF) 'Davos Agenda 2022' virtual summit on January 17. Themed 'The State of the World', the week-long event will see world leaders speak on critical collective challenges. UN chief Antonio Guterres, Japan's PM Fumio Kishida, Australian PM Scott Morrison and Israeli PM Naftali Bennett among others will also participate.
short by Saurabh Sinha / 10:52 pm on 14 Jan
Unilever has confirmed that it had approached GlaxoSmithKline about acquiring its consumer goods business. The statement followed The Sunday Times' report saying Unilever had offered to buy GlaxoSmithKline's unit for roughly 50 billion pounds ($68.4 billion) last year, but the offer was rejected for being too low. "There can be no certainty that any agreement will be reached," Unilever said.
short by Hiral Goyal / 06:59 pm on 15 Jan
Rakesh Jhunjhunwala raises stake in Titan to 4.02% in Dec quarter
short by Hiral Goyal / on 15 Jan 2022,Saturday
Billionaire investor Rakesh Jhunjhunwala bought more shares of Titan Company in the quarter ended December 2021, increasing his stake in the company to 4.02% from 3.8% in the previous quarter. Meanwhile, Jhunjhunwala's wife Rekha's shareholding in Titan remained unchanged at 1.07%. The value of Jhunjhunwalas' stake in the Tata Group company stood at ₹11,738.10 crore as of Friday's closing price.
short by Hiral Goyal / 08:57 pm on 15 Jan
HDFC Bank's net profit rises 18.1% y-o-y to ₹10,342 crore in Q3
short by Hiral Goyal / on 15 Jan 2022,Saturday
HDFC Bank's standalone net profit jumped 18.1% year-on-year to ₹10,342 crore in the quarter ended December 2021. The bank's net revenues, including net interest income (NII) and other income, increased by 12% to ₹26,627 crore, as against ₹23,760.8 crore in the year-ago period. Its NII grew by 13% to ₹18,443.5 crore as compared to ₹16,317.6 crore a year ago.
short by Hiral Goyal / 03:19 pm on 15 Jan
Telecom operators are seeking a refund of around ₹35,000 crore in input tax credit (ITC), reduced levies and GST waiver on licence fees and spectrum usage in the upcoming Budget. In its pre-Budget recommendations, telecom industry body Cellular Operators Association of India (COAI) also asked the government to suspend universal service obligation fund (USOF) to reduce burden on service providers.
short by Subhangi Singh / 02:55 pm on 15 Jan
RIL, M&M submit bid for India's $2.4 billion battery scheme: Report
short by Subhangi Singh / on 15 Jan 2022,Saturday
Mukesh Ambani-led Reliance Industries (RIL), Mahindra & Mahindra and Hyundai Global Motors are reportedly among companies that have submitted bids under India's $2.4 billion battery scheme. Ola Electric, Larsen & Toubro and Exide have also submitted bids, Reuters reported citing sources. Indian government launched this incentive program last year to boost local manufacturing of batteries.
short by Subhangi Singh / 05:13 pm on 15 Jan
NARCL Chairman to assist RBL Bank in finding full-time MD and CEO
short by Hiral Goyal / on 15 Jan 2022,Saturday
RBL Bank said it has inducted NARCL Chairman Pradip Shah as an external expert to assist its search panel in finding a full-time MD and CEO. In December, the private lender had named Rajeev Ahuja as its interim MD and CEO after RBL Bank's board approved former MD and CEO Vishwavir Ahuja's request to "proceed on leave with immediate effect".
short by Hiral Goyal / 11:23 pm on 15 Jan
India's exports rise 39% to record $37.8 bn in Dec, imports surge too
short by Subhangi Singh / on 15 Jan 2022,Saturday
India's merchandise exports in December 2021 surged by 39% on an annual basis to $37.81 billion, the highest-ever monthly figure recorded. The trade deficit marginally reduced to $21.68 billion when compared to November, Commerce Ministry data showed on Friday. Imports in December 2021 also increased 38.55% to $59.48 billion on account of an increase in petroleum and crude oil imports.
short by Subhangi Singh / 02:37 pm on 15 Jan
A US court has barred Vyera Pharmaceuticals Founder Martin Shkreli from the pharmaceutical industry for life. Nicknamed "Pharma Bro", Shkreli had hiked the price of the life-saving drug Daraprim, used to treat a parasitic infection called toxoplasmosis, by over 5,000% overnight in 2015. The court has also ordered him to pay $64.6 million in profits he earned from the scheme.
short by Hiral Goyal / 03:31 pm on 15 Jan
GE suspends COVID-19 vaccine or test requirement after US Court's ruling
short by Subhangi Singh / on 15 Jan 2022,Saturday
General Electric (GE) suspended its COVID-19 vaccine or test requirement policy for employees on Friday after the US Supreme Court's ruling. The court called the Joe Biden administration’s requirements a ''blunt instrument'' that ''draws no distinctions based on industry or risk of exposure to COVID-19.'' GE is the first major company to halt its policy after the Supreme Court's ruling.
short by Subhangi Singh / 05:40 pm on 15 Jan
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