Ratings on Wednesday said a broad-based recovery is on for India Inc currently, and upgraded its credit quality outlook to ‘positive’ from the earlier ‘cautiously optimistic’. The rating agency said the credit ratio, which illustrates the number of upgrades to downgrades, rose to over 2.5 times in the first four months of the fiscal, as … Read more
You must be already familiar with WiFi 6. Now, there’s a new Wi-Fi standard called Wi-Fi 6E. Announced by the Wi-Fi Alliance in 2020, the new Wi-Fi 6E standard will soon become mainstream by 2022 with smartphone brands including Apple, router OEMs and other network equipment makers adopting the new technology. While you can expect … Read more
Adani group is all set for a foray into the digital world as the chairman held its first internal meeting with employees of Adani Digital Labs, the youngest arm of the billionaire Gautam Adani-controlled conglomerate. “We must be the Ferrari of the digital world,” the chairman said addressing an audience of about 80 young employees. … Read more
Here’s what 19-year-old Lance Cpl. William Bee felt flying into southern Afghanistan on Christmas Day 2001: purely lucky. The U.S. was hitting back at the al-Qaida plotters who had brought down the World Trade Center, and Bee found himself among the first Marines on the ground. “Excitement,” Bee says these days, of the teenage Bee’s … Read more
An unprovoked 19-minute tirade from Commerce and Industry Minister Piyush Goyal on August 12, asserting that Indian industry’s business practices went against national interests, has left India Inc CEOs baffled, with Mr. Goyal repeatedly singling out the 153-year old Tata group in comments that he said came straight from his ‘heart’. After the Minister’s remarks … Read more
Adidas AG said it has agreed to sell Reebok to Authentic Brands Group for up to 2.1 billion euros, the equivalent of $2.47 billion, putting an end to months of speculation over potential buyers for the athletic brand. The sale to the brand-management company is expected to go ahead in the first quarter of next … Read more
Indian companies are running out of room to absorb rising raw material costs, which could force the central bank to unwind stimulus faster-than-expected and threaten a stock market rally that has earned billions for investors. Companies from the Indian unit of Unilever Plc to Tata Motors Ltd., the owner of the iconic Jaguar Land Rover, … Read more
Private sector lender YES Bank is looking to set up its own asset reconstruction company (ARC) and has invited an expression of interest (EoI) from prospective investors who could partner with it in setting up this entity. Through its process advisor, Ernst & Young, YES Bank has called for EoIs from investors with strong financial … Read more
After receiving the patent for a particular molecule, according to a senior official. Markers Lab, the research and development arm of the IT company, is working on developing the drug. The company along with Reagene Biosciences has filed for the patent for a molecule that can be used to develop a drug against coronavirus. “We … Read more