Category: Business

(AI Image)
Posted in Business

AI is slop, an unripe fruit and an insomniac| Business News

Cognitive warmup. It was in January 2023 when Buzzfeed Inc. CEO Jonah Peretti announced in a memo to staff that the company was making a…

Continue Reading
The Jio Platforms IPO gathered momentum last week after the finance ministry eased public shareholding norms for large caps. (Reuters)
Posted in Business

Reliance accelerates plans for Jio IPO, DRHP likely in the next 2-3 weeks| Business News

Reliance Industries Ltd. is accelerating plans to list Jio Platforms Ltd., appointing a massive syndicate of Wall Street and domestic banks for what is poised…

Continue Reading
Adani Enterprises Chairman Gautam Adani. While Vedanta can challenge the Adani-Jaypee acquisition deal in NCLAT, Adani Enterprises can still go ahead with the takeover. (Reuters)
Posted in Business

Adani secures $1.7-bn takeover of bankrupt Jaypee Group in major infra win| Business News

The National Company Law Tribunal has approved Adani Enterprises Ltd.’s ₹14,535 crore ($1.74 billion) resolution plan to acquire bankrupt infrastructure heavyweight Jaiprakash Associates Ltd. The…

Continue Reading
Tata Sons Chairman Natarajan Chandrasekaran (left) and Tata Trusts Chairman Noel Tata.
Posted in Business

Noel Tata seeks truncated term for Tata Sons Chairman Natarajan Chandrasekaran as part of succession revamp| Business News

Tata Trusts Chairman Noel Tata is advocating for a two-year extension for Tata Sons Pvt. Ltd. Chairman Natarajan Chandrasekaran rather than the five-year mandate, as…

Continue Reading
Erietta Latsi and Parnassos crude oil tankers sit anchored as the traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran (REUTERS)
Posted in Business

The Iran war is roiling commodities far beyond oil| Business News

SINCE THE third Gulf war began three weeks ago, one number has captured the world’s attention: the price of crude. On March 16th Brent, the…

Continue Reading
The Renault Duster retails at a starting price of  ₹10.49 lakh.
Posted in Business

Renault bets on Duster revival to power India turnaround| Business News

Renault India is doubling down on its most iconic nameplate to reclaim market share in the world’s third-largest auto market. The Renault Duster retails at…

Continue Reading
Reliance Industries Chairman Mukesh Ambani. (Bloomberg)
Posted in Business

Reliance, Samsung sign $3-billion contract for green ammonia supply| Business News

Reliance Industries Ltd. has secured a landmark $3 billion deal with South Korea’s Samsung C&T Corp. to supply green ammonia, marking a significant milestone in…

Continue Reading
The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint)
Posted in Business

Sensex, Nifty open little changed as investors stay wary of crude oil prices| Business News

India’s stock market opened little changed today, with investors remaining wary of the impact of elevated crude oil prices amid a prolonged Iran war. The…

Continue Reading
A petrol pump attendant picks up a nozzle to refuel a vehicle at an Indian Oil fuel station in Varanasi. (AFP)
Posted in Business

Oil marketing firms suspend fuel on credit to pumps amid West Asia crisis| Business News

New Delhi : Pay up first, tank up later; at a time of crunch, that’s the message from state-run oil marketers to fuel stations. A…

Continue Reading
King Fahad Industrial Port is in Yanbu, Saudi Arabia. (Photo:X/@OneBahri)
Posted in Business

There’s a Red Sea alternative to Strait of Hormuz for oil, but here’s the problem: Why Yanbu route may not work

There’s much talk of alternative routes as the Strait of Hormuz remains closed with Iran, in retaliation for US-Israeli strikes, squeezing oil trade and the…

Continue Reading