FNP (Ferns N Petals) India’s gifting brand has announced the appointment of Shwetabh Mishra as the Deputy General Manager – Supply Chain Management. Shwetabh who will be leading the Supply Chain brings to FNP years of leadership knowledge in operations planning and a wealth of experience in managing complex logistics networks and optimizing supply chain […]
The rating agency Icra has projected the year-on-year (YoY) growth of the gross domestic product (GDP) in Q4 FY2023 at 4.9 per cent, a modest step-up from the 4.4 per cent recorded in Q3 FY2023. The gross value added (GVA) growth is seen at a higher 5.1 per cent in Q4 FY2023 (+4.6 per cent […]
App-based ride services provider Uber on Wednesday announced a slew of partnerships to electrify its services in India for transition to sustainable mobility. It will deploy 25,000 electric vehicles across Uber’s top seven cities with support from its fleet partners. As part of the sustainability push, the mobility major announced the rollout of Uber Green […]
Xiaomi Corp reported a 18.9 per cent drop in quarterly revenue on Wednesday as consumer demand for smartphones remained weak even as the economy recovered from the COVID-19 pandemic. Sales in the first quarter of 2023 reached 59.5 billion yuan, down from 73.35 billion yuan in the same quarter a year earlier, roughly in line […]
UltraTech Cement, India’s largest cement and ready mix concrete (RMC) company, and Coolbrook, a transformational technology and engineering company, will jointly develop a project to implement Coolbrook’s RotoDynamic HeaterTM (RDH) technology in one of UltraTech’s cement manufacturing units. UltraTech will be among the first industrial players in using Coolbrook’s revolutionary technology for the decarbonisation of […]
The Reserve Bank of India (RBI) announced that it would withdraw the Rs 2000 denomination banknotes from circulation. Just like before this news created a wave of panic and confusion among the public and it’s causing people to rush to banks and ATMs in an attempt to exchange or deposit their high-value currency. People are […]
Alibaba Group Holding Ltd’s, cloud unit has started a round of downsizing that will impact 7 per cent of the staff as it streamlines its business in preparation for an IPO, a source familiar with the matter said on Tuesday. The cloud unit has started to offer severance to employees, the source said. Alibaba did […]
Apple Inc on Tuesday said it has entered a multi-billion-dollar deal with chipmaker Broadcom Inc to use chips made in the United States. Under the multi-year deal, Broadcom will develop 5G radio frequency components with Apple that will be designed and built in several US facilities, including Fort Collins, Colorado, where Broadcom has a major factory, Apple […]
ICICI Securities on Wednesday released an analytic report, Akzo, a paints & coatings company. The report highlighted the company’s successful expansion in its market share while facing challenging conditions. The report underlines Akzo’s recent initiatives, including increased investments in advertising and brand building, as well as the launch of premium products, positioning the company as […]
Tata Chemicals on Tuesday said that the company has re-appointed R Mukundan as the managing director (MD) and chief executive officer (CEO) for the period of five years with effect from 26 November 2023. The company in its stock exchange said the appointment was based on the recommendation of the nomination and remuneration committee and […]
