In a market cheering, value unlocking move, Aster DM Healthcare (ADHL) has announced segregation of the India and the GCC business. Post-segregation, ADHLÂ will be a focused listed entity holding the India business. The GCC Business will be separated from ADHL to create Aster GCC (AGCC). 100% of the GCC Business will be acquired by … Read more
Aquapharm Chemicals Private Limited (ACPL), founded in 1974, is a private company engaged in the business of manufacturing specialty chemiclas offering water treatment solutions to global customers across diverse end-markets. Focus includes water treatment chemicals like phosphonates, biodegradable chelating agents, polymers, biocides, oil field chemicals (imidazoline, quats), which have application in water treatment (desalination, reverse … Read more
In an interesting development, Sam Altman and OpenAI‘s board have opened discussions to bring back the former CEO of the artificial intelligence startup, Bloomberg News reported. The future of OpenAI was thrown into jeopardy after more than 700 of its 770 employees signed a letter on Monday saying they may leave the company for Microsoft … Read more
Federal Reserve policymakers at their most recent meeting united around a strategy to “proceed carefully” on future interest-rate moves and base any further tightening on progress toward their inflation goal. “All participants agreed that the committee was in a position to proceed carefully and that policy decisions at every meeting would continue to be based … Read more
The Enforcement Directorate (ED) on Tuesday issued showcause notices to troubled edtech startup Byju’s and its founder and group CEO Byju Raveendran over alleged violation of the provisions of the Foreign Exchange Management Act (Fema) amounting to over Rs 9,362 crore. The ED, which had initiated investigation against the startup earlier this year, has accused … Read more
TVS Motor has announced a strategic entry into Europe by signing an agreement for import and distribution with Emil Frey, a 100 year old leading name in automotive distribution in Europe. Emil Frey is among the largest automobile importers and retailers in Europe, serving many leading automotive brands across the region. The group has more … Read more