The wealth of Mark Zuckerberg, Elon Musk, and others rose beyond $360 billion during the pandemic. Oracle and Dell’s leaders are among the other tech billionaires to have profited last year. Their wealth has attracted scrutiny amid systemic inequality in the US. The pandemic has been a crisis for many, but not for America’s wealthiest … Read more
Edinburgh-based firm Baillie Gifford took early bets in some of last year’s biggest winners. Tesla, Moderna and Alibaba have made the firm profits of around $27.6 billion – Bloomberg data. The Baillie Gifford team told Insider their 3 tips to making a success of active investing. Visit the Business section of Insider for more stories. … Read more
New models of all cars will have to provide airbags for the front passenger seat from April 1 while all existing models can be sold after August 31 this year, only after being fitted with this safety gear. This mandatory provision was notified by the road transport ministry on Tuesday. “This has been mandated as … Read more
Putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said on Wednesday that there is “no dialogue” with the Elon Musk-owned car company for a partnership in India, while adding, “We will do it on our own.” “There is no dialogue with Tesla. With us, there is nothing,” Chandrasekaran … Read more
Tata Starbucks has launched an employee benefits programme that will give its staff in India a special financing support to purchase a two-wheeler vehicle for professional or personal use. The two-wheeler support programme is created based on a survey of employees that showed reliable transportation as one of the top areas of concern. In a … Read more
Is there any logical explanation to this? I think there is – checkout if it makes sense.
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
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