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
Subway plans to hire 40,000 workers in May, but that may not be easy. Subway closed 1500 stores in 2020 and franchisees say returning to normal hours is difficult due to a lack of workers. Other restaurant chains are holding hiring events, adding extra perks, and, in some cases, raising wages to find staff. See … Read more
Borosil Ltd. and Borosil Renewables Ltd. said the event of an employee losing life due to Covid-19, his/her family will continue to receive the salary for the next two years (in addition to all the other benefits they are entitled to). “The company will also take care of the education of the children till their … Read more
The fairytale success of Lijjat Papad — a multi-million-dollar venture founded by seven women in a crowded Mumbai tenement in 1959 with seed capital of 80 rupees ($1.10) — belies its revolutionary feminist aspirations. The cooperative employs 45,000 women across India, offering them a job for life as “co-owners” of the enterprise, whose wafer-thin snacks … Read more
Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate’s shares surged on reports that more suitors were planning offers. Toshiba Chairman Satoshi Tsunakawa will become chief executive, the company said in a statement. The statement gave no reason for the … Read more
Hamleys, a British retail icon that hasn’t made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani’s Reliance Brands Ltd. Besides the main growth market, the company is … Read more
The Supreme Court on Friday upheld Tata Sons’ decision to sack Cyrus Mistry as chairman of the salt-to-software conglomerate. The court pronounced its judgment on the cross appeals filed by Tata Sons and Cyrus Investments against the National Company Law Appellate Tribunal (NCLAT) order which had restored Mistry as the executive chairman of the over … Read more