Companies

What is the 'poison pill' measure that Twiter is adopting to stop Elon Musk's takeover

It's a corporate strategy established during the wild leverage buyout (LBO) days of the 1980s in the United States, and it's another name for the "shareholder rights plan."

Apr 16, 2022

Ex-IAF chief, Shell India's former head to join IndiGo board as independent directors [details]

IndiGo has made two important appointments to its board, who were formerly chiefs of the Indian Air Force and Shell India. Read all about it here.

Apr 16, 2022

Alliance Air becomes Centre's independent business unit; no longer AI's subsidiary [details]

Regional airline Alliance Air has become an independent business unit under the Central government's control.

Apr 15, 2022

Straight out of Movie: Thieves steal 500-tonne bridge in Bihar posing as government officials

It should be noted that this is not the first time a bridge has vanished. In the Czech Republic, audacious thieves stole a bridge in broad daylight in 2012, claiming they had been hired to dismantle it.

Apr 9, 2022

Twitter brings ALT badge, improved image descriptions globally

In a bid to make it easy to add alt text to image uploads, micro-blogging site Twitter has announced that its new accessibility features, ALT badge and improved image descriptions, are now available globally.

Apr 8, 2022

Amid allegations of high fees, Competition Commission to probe Zomato, Swiggy for anti-competitive practice

Allegations of a delayed payment cycle, one-sided conditions, and high fees, according to CCI, warrant further examination.

Apr 6, 2022

Why HDFC Limited will be merged with HDFC Bank: Explained

HDFC Limited, India's largest housing finance company with Rs 5.26 trillion in assets under management (AUM) and a market capitalization of Rs 4.44 trillion, will merge with HDFC Bank, India's largest private sector bank by assets with a market capitalization of Rs 8.35 trillion.

Apr 4, 2022

Apple reportedly testing 9-inch foldable device; launch expected in 2024 [details]

Apple is reportedly testing a 9-inch foldable device, according to one supply chain insider.

Apr 4, 2022

Who is Raj Subramaniam; Indian-American exec takes over as FedX President, CEO [details]

Indian-American Raj Subramaniam has become the President and CEO of FedEx, the US-based multinational transportation and courier delivery giant has announced.

Mar 29, 2022

PVR and INOX Leisure announce merger; Ajay Bijli to be MD [details inside]

As per the statement, shareholders of INOX will receive shares of PVR in exchange of shares of the former at the approved exchange ratio.

Mar 27, 2022

Adani Green raises $288 mn construction facility, increases revolver pool to $1.64bn

Adani Green Energy Ltd (AGEL) has extended its Construction Financing Framework to $1.64 billion by raising a $288 million facility for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders.

Mar 21, 2022

Zoom Call Firing: After Better.com, British firm P&O Ferries lays off 800 workers in 3 minutes

After Indian American CEO Vishal Garg laid off 900 workers of his company Better.com over a Zoom call in December last year, another company has laid off nearly 800 employees the same way.

Mar 19, 2022

Samsung shareholders' meeting: CEO apologises for Galaxy S22 App throttling issue

Samsung Electronics Vice Chairman and co-CEO Han Jong-hee on Wednesday apologised for controversy around recently launched Galaxy S22 smartphone performance due to a pre-installed app.

Mar 16, 2022

Vishal Garg-led Better.com again fires workers in US, India in mass layoff

Indian-American CEO Vishal Garg-run digital mortgage company Better.com on Wednesday started laying off thousands of employees in the US and India who received severance cheques in the payroll app.

Mar 9, 2022

The BharatPe Saga: How an astutely run business venture came apart

Coming from middle-class families, Ashneer Grover and wife Madhuri Jain Grover together built an astute business profile with a net worth of at least Rs 21,300 crore, before a heated and abusive telephone call with a Kotak Mahindra Bank's employee, that went viral in early January, triggered their downfall.

Mar 6, 2022

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