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India

Swiggy Unveils Second Phase of $50 Million ESOP Buyback for Employees, Boosting Liquidity

by Craig Fedirighi
Swiggy Unveils Second Phase of  Million ESOP Buyback for Employees, Boosting Liquidity

NEW DELHI: Swiggy on Monday announced the second tranche of its two-year employee stock ownership plan (ESOP) liquidity programme as part of which the company is buying back shares from …

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Categories Business

Goldman Sachs foresees prices surging as oil demand reaches unprecedented levels

by Adrian Jhonsan
Goldman Sachs foresees prices surging as oil demand reaches unprecedented levels

Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Goldman Sachs expects record demand …

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Categories World

The Challenges Faced by Foxconn’s Failed Chip Venture in India Illustrate the Difficulty for New Entrants

by Ev Richard
The Challenges Faced by Foxconn’s Failed Chip Venture in India Illustrate the Difficulty for New Entrants

This month, Foxconn pulled out of its joint venture with Vedanta. The two sides “mutually agreed to part ways,” Foxconn said in a statement at the time. Sopa Images | …

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Categories Technology

India News: Unnamed teenager ‘confesses’ to second accident in Gujarat Jaguar crash incident

by Adrian Jhonsan
India News: Unnamed teenager ‘confesses’ to second accident in Gujarat Jaguar crash incident

AHMEDABAD: Even as senior traffic police officers claimed that the accused in Iskcon flyover accident, Tathya Patel, also confessed to having rammed his vehicle into a boundary wall of a …

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Categories World

Bank of India intends to hold a share sale to meet SEBI’s minimum public holding requirements

by Craig Fedirighi
Bank of India intends to hold a share sale to meet SEBI’s minimum public holding requirements

State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, …

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Categories Business

FPIs remain optimistic about Indian equities, pour Rs 22,000 cr into investments in July

by Craig Fedirighi
FPIs remain optimistic about Indian equities, pour Rs 22,000 cr into investments in July

Foreign Portfolio Investors (FPIs) continue their liking for Indian equities with a net infusion of nearly Rs 22,000 crore in the first week of this month due to resilience of …

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Categories Business

Central Government Official Denies Tesla Receiving Special Treatment in India

by Craig Fedirighi
Central Government Official Denies Tesla Receiving Special Treatment in India

The Indian government has clarified that there will be no special treatment for Tesla in terms of incentives. Instead, the company can apply for existing schemes, such as the Production-Linked …

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Categories Business

DCW Chief Swati Maliwal defies Manipur government’s request to postpone visit: Focus is not on politics

by Adrian Jhonsan
DCW Chief Swati Maliwal defies Manipur government’s request to postpone visit: Focus is not on politics

IMPHAL: A day after the state government asked her to postpone her visit to Manipur, the Delhi Commission for Women (DCW) chairperson Swati Maliwal on Sunday landed in Imphal to …

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Categories World

Hyundai’s View: Another Misfire: India’s Industrial Policy Fails Once More

by Craig Fedirighi
Hyundai’s View: Another Misfire: India’s Industrial Policy Fails Once More

In March, India announced a list of battery makers that would receive a coveted state subsidy. Locally manufactured cells for electric vehicles would trigger almost $6 billion in investments, build …

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Categories Business

Mosques Advised on Encroachments: Railway Claims Standard Procedure, Waqf Board Expresses Surprise | India News

by Adrian Jhonsan
Mosques Advised on Encroachments: Railway Claims Standard Procedure, Waqf Board Expresses Surprise | India News

NEW DELHI: Removal of structures built on encroached railway land is a routine procedure as these pose potential safety hazards, the national transporter said on Saturday amid a row over …

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Categories World
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