Apple Inc. is working on plans to expand and revitalize its retail chain, aiming to push deeper into China and other parts of Asia while overhauling established locations in the US and Europe. Through 2027, the iPhone maker is discussing opening 15 new stores across the Asia-Pacific region, five locations in Europe and the Middle … Read more
One thing that pops up no matter where you look is the Pareto distribution. It’s a probability model that’s also been dubbed the 80-20 rule, and it illustrates how a tiny number of causes are responsible for the lion’s share of effects. For example, it’s like how the top 20% of sales people produce 80% … Read more
As was expected, Abdrn (formerly Standard Life Aberdeen) has finally sold off it’s balance 1.66% stake of HDFC Life. Pre-IPO in 2017, Standard Life (now Abdrn) held 35% stake in the Company. Adrdn has been monetising its investments in India as part of its plans at the parent level to shore up capital reserves in … Read more
In November 2021, Padmaja Gangireddy had stepped down as MD of the Company after strategic disagreement with Kedaara Capital. Since then, both Spandana and Padmaja have moved on; though Padmaja continued to be a non-executive director , is currently categorised as the promoter and owns 14.5% in the Company. Padmaja who is now completely focused … Read more
The shares were disposed of in the range of Rs 485.06-485.75, taking the transaction value to around Rs 468 cr. The sellers included – Parag Mofatraj Munot (Promoter) and the two promoter group entities — Kalpataru Constructions Pvt Ltd and Kalpataru Viniyog LLP Post this, the total promoter group’s shareholding in Kalpataru Projects International (KPIL) … Read more
“The opportunity for the Indian dairy sector is very large and I am very sure in the years to come whatever targets that we have got, it will be easily achievable for a simple reason that the brand Amul has achieved a size and a scale and more importantly the trust of the consumers and … Read more
(In insurance ventures, banks can hold either less than 30% or more than 50% in accordance with the Reserve Bank of India guidelines.) ICICI Bank (the bank) currently holds 48.02% stake in ICICI Lombard (Lombard). Originally, the plan of ICICI bank was to reduce this stake to 30% for which RBI had allowed the bank … Read more
LinkedIn co-founder Reid Hoffman said he will continue to be positive about the benefits he sees in AI. Hoffman is part of venture capital firm, Greylock Partners, which has invested in dozens of AI companies. He told the New York Times in a recent interview that concerns from other tech executives like Elon Musk are … Read more