As some of India’s big conglomerates in the industrial and energy space see brisk business, they are also witnessing high employee turnover rates, and in double digits, data for FY24 shows. Flagship entities of conglomerates such as Adani, Vedanta, Aditya Birla Group, and Larsen & Toubro (L&T) all have reported a double-digit employee turnover rate … Read more
The Board of Directors of Siemens Limited (SL) approved the proposal to demerge it’s Energy Business into a separate legal entity – Siemens Energy India Limited (SEIL), currently a wholly owned subsidiary of SL. SL’s focus will continue to be on Industry, Infrastructure and Mobility. SEIL will provide solutions across the entire energy value chain … Read more
Timken Singapore Pte Ltd, the parent Company of Timken India (TI) has sold a significant stake of TI. It has sold 7.6 million shares in the open market The consideration for the same is around Rs 2,361.89 crore i.e., abt Rs 3,100/ share which is 11% discount from the previous closing price It’s stake has … Read more