Shreevar Kheruka (Managing Director of Borosil Limited) announces that in the event of an unfortunate demise of any employee due to Covid – the family will be given 2 years of salary; and the education of the children of the employee will be paid till graduation in India. The above policy was made applicable for … Read more
The Supreme Court on Friday ruled in favour of e-commerce giant Amazon against the proposed ₹24,713-crore merger deal between Future Retail Limited (FRL)and Reliance Retail. A Bench of Justices Rohinton F. Nariman and B.R. Gavai upheld the validity and enforceability of a Singapore-based Emergency Arbitrator (EA) award, which restrained Future Retail Limited (FRL), India’s second … Read more
Global smartphone market grew 19 per cent (year-over-year) but declined by 7 per cent quarter-over-quarter as 329 million units were shipped led by Samsung, a report said on Thursday. Samsung retained the number one spot with shipments reaching 58 million units in Q2 2021, however, its market share declined to 18 per cent as compared … Read more
In the past too, Apple has highlighted that it sees growth opportunities in the Indian market. Technology giant Apple witnessed strong double-digit growth in emerging markets, including India, aiding the US-headquartered firm to post record third quarter revenues of $81.4 billion in April-June, 2020, quarter. “We set a new June quarter revenue record of $81.4 … Read more
Xiaomi has become the world’s second biggest smartphone maker over the past quarter following an 83% jump in shipments, according to preliminary estimates by Canalys. This marks the first occasion that Xiaomi, the Chinese maker of everything from rice cookers to gaming monitors, has broken into the top two, historically dominated by Samsung and Apple. … Read more
American private equity firm KKR on Thursday said that it has completed the acquisition of a majority stake in Darshan Patel promoted Vini Cosmetics, a leading branded personal care and beauty products company in India, On 22 June, KKR had announced that it was buying a controlling stake in Vini Cosmetics, the owner of the … Read more
Back when he was a nervous summer intern in the high-pressure Wall Street offices of Goldman Sachs, Shreevar Kheruka was put on the spot right on the second day at work. While he was keeping an eye on the terminal of his boss, who had stepped out, a message from an executive at another top … Read more
Nestle candy products are displayed the company’s news conference in New York October 22, 2010. Nestle, the world’s biggest food group, beat forecasts with a 5.7 percent rise in nine-month underlying sales thanks to strong demand in emerging markets, price rises and a thriving Nespresso coffee business. REUTERS/Brendan McDermid The majority of Nestlé’s food and … Read more