New Delhi: Vedanta Resources CEO Deshnee Naidoo showed optimism that demerger of its Indian arm Vedanta will be completed in current fiscal and stressed that her focus now is on restructuring of company.NCLT on Wednesday will hear Vedanta’s proposed demerger of business verticals. agencies Source link
US President Donald Trump said on Monday (September 15) that trade talks with China had “gone very well” and suggested that a deal had been reached to resolve US concerns over TikTok’s ownership. In a post on his social media platform, Trump said the ongoing trade meeting in Europe between American and Chinese officials was … Read more
The Big Four are facing a renewed wave of partner movements in India, marked by aggressive poaching to plug capability gaps, replacements of retiring or departing leaders, and reinforcing service lines with the highest client demand. These professional services firms are undeterred by long notice periods of incoming partners, restrictive clauses, and the steep costs … Read more
Union Commerce and Industries Minister Piyush Goyal. The Ministry of Commerce and Industry has said that the government has reopened the application window for the production-linked incentive scheme for white goods citing market growth and growing industry confidence following the success of earlier rounds of the PLI scheme | Photo Credit: ANI The government has … Read more
The Company has announced a buyback of Rs 18,000 cr. Around 10 crore shares will be purchased at Rs 1,800 apiece, a 19% premium over the stock’s previous closing price. The buyback will account for 2.41% of the existing equity This is the fifth buyback by Infosys and it’s largest. Previous buybacks were of Rs … Read more
The recent hike in GST on capital goods used in the oil, gas, and coal bed methane (CBM) sectors has increased operational costs and undermines efforts to reduce import dependence, an industry association said in a letter to Oil Minister Hardeep Singh Puri. The Federation of Indian Chambers of Commerce and Industry (FICCI) in the … Read more
Last month, China’s Ministry of Industry and Information Technology introduced interim measures to tighten controls on ‘rare earth’ mining and processing. The rules are the latest in Beijing’s efforts to centralise oversight of extraction, exports, and refining. While China’s trading partners such as India and the U.S. are seeking alternative sources to reduce dependency, data … Read more
AI startup Perplexity has secured commitments from investors for $200 million in new funding at a $20 billion valuation, the Information reported on Wednesday, citing a person with knowledge of the matter. Reuters could not immediately verify this report and Perplexity did not immediately respond to a request for comment. Run by Aravind Srinivas, Perplexity … Read more