During his 34-year career at L&T, he held senior positions including as President & Wholetime Director of L&T Finance Holdings. The board of ICRA Ratings on Tuesday announced the appointment of N Sivaraman, formerly with L&T Finance Holdings & IL&FS as its MD & Group CEO. He will replace Naresh […]
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SpiceJet acqui-hires airline e-commerce technology company Travenues
The move would help SpiceJet in strengthening its e-commerce platforms, a release said. Budget carrier SpiceJet on Tuesday said it has acqui-hired the team and technology of the Bengaluru-based airline e-commerce technology company Travenues, a wholly-owned subsidiary of online travel platform ixigo. The move would help SpiceJet in strengthening its […]
Read moreIndia begins anti-subsidy probe on Chinese export of certain yarn
The applicant has alleged that material injury to the domestic industry is being caused due to subsidized imports from China. The Commerce and Industry Ministry on Monday initiated a probe into alleged low-cost imports of a certain type of yarn from China, which is impacting the domestic industry. The Commerce […]
Read moreBriggs & Stratton Files For Chapter 11 Bankruptcy; To Be Acquired By KPS Capital For $550 Mln
Briggs & Stratton Corp. (BGG) announced Monday that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code with the United States Bankruptcy Court for the Eastern District of Missouri. It has also filed a motion seeking the designation of KPS Capital Partners, LP (KPS) as the stalking […]
Read moreHedge Fund Chatham Wins Bankruptcy Bid For Newspaper Chain McClatchy
Hedge-fund manager Chatham Asset Management LLC has won the bankruptcy auction for newspaper publisher McClatchy Co. Following the process, the owner of the Miami Herald and The Charlotte Observer, which is burdened by heavy debt, hopes to emerge with new ownership, ending family ownership since it started 163 years ago. […]
Read moreThe Hindu Explains | Why has Indian Railways opened doors for private players?
Will the move help to expand and modernise the sector, ensuring better services to passengers? The story so far: Indian Railways has launched the process of opening up train operations to private entities on 109 origin destination(OD) pairs of routes using 151 modern trains. It has invited Request for Qualifications […]
Read moreMicrosoft Acquires CyberX To Boost IoT Security Capabilities
Microsoft Corp. (MSFT) said Monday it is acquiring CyberX, a cybersecurity startup focused on developing a platform to protect internet-controlled industrial control systems. Terms of the deal were not disclosed, but multiple reports said the acquisition was in a range of $165 million. Microsoft noted that the acquisition of CyberX […]
Read moreThe numbers must stack up
Determining the exact insurance cover required by an individual involves an interplay of several factors How much insurance should I have? This is a billion-dollar question to almost all insurance prospects. In fact, nobody on earth can either mitigate or indemnify the loss and the hardship faced by the deceased’s […]
Read moreGovernment holds back full IIP data for April
It is not appropriate to compare the IIP of April 2020 with earlier months, said MOSPI in a statement The government on Friday held back the release of the complete data of index of industrial production for April, saying it is not appropriate to compare the IIP data with earlier […]
Read moreRBI bars People’s Co-operative Bank from granting fresh loans, accepting deposits for six months
These directions will remain in force for six months from the close of business on June 10 and are subject to review, the RBI said The Reserve Bank of India (RBI) on Thursday said it has barred Kanpur-based People’s Co-operative Bank from granting fresh loans and accepting deposits for six […]
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