The Adani Group Sunday refuted allegations levelled by BJP politician Subramanian Swamy that it owes Rs 4.5 lakh crore as NPA to banks and claimed it has maintained an “impeccable record of not a single NPA in the three decades of its existence”. “The Adani Group strongly objects to a factually incorrect tweet posted by … Read more
One of the most important questions for investors in 2021 is how to bet on the ongoing economy recovery – even if its course looks uncertain right now. Goldman Sachs is giving its answer. Chief US Equity Strategist David Kostin says he expects success for companies with high operating leverage, or the companies that will experience … Read more
Auto1 could IPO in Frankfurt next month, Insider understands. Auto1 said Wednesday that it seeks to raise $1.2 billion, but did not give detail on a valuation. The mooted higher valuation comes amid strong performance from Auto1’s US competition. Visit Business Insider’s homepage for more stories. Auto1 Group, a European platform for used car sales, … Read more
Sequoia’s Doug Leone donated over $100,000 to Trump’s 2020 election efforts and also donated to Josh Hawley’s 2018 Senate campaign, public records show. As other pro-Trump business people and tech CEOs condemn last week’s Capitol Hill insurrection, Leone has remained quiet, alongside other, deep-pocketed Trump supporters in Silicon Valley. The Capitol Hill riots have renewed … Read more
Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times, though the consumption changes post COVID-19 still persists. Lesser trips and higher basket values continue to be the norm and products such as apparel, laundry, footwear, travel … Read more
Despite being some of the most recognizable names in Silicon Valley, Hollywood, and beyond, these millionaires and billionaires weren’t always living the high life. From the seedy streets of LA to the Bayview projects, these celebrities and entrepreneurs made it big after coming from nothing. Here are 21 of the most inspiring rags-to-riches stories. Halle … Read more
Tonal, a digital fitness company that uses electromagnetic technology to create resistance training, has become one of the most popular at-home exercise systems. The fitness brand increased sales eight fold in 2020 and to-date it has raised more than $200 million from investors including several high-profile athletes. “Intelligent fitness is the next evolution of the … Read more
Entrepreneurial intention cannot reach actualization in the absence of a proper industrial and business atmosphere. The society and policymakers have to ensure that the environment for investment is conducive in terms of (1) socio-cultural and political supports, labour and industrial laws; (2) ease of processing and no harassment in registration and certification; (3) helping attitude … Read more
Honda Motorcycle and Scooters India (HMSI) introduced a voluntary retirement scheme on Tuesday as it seeks to “realign its production strategy” and improve overall efficiency in these “uncertain times,” the company said in an internal circular to its employees. Employees above the age of 40 or who have completed 10 years in the company are … Read more