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Company Announcements
ADNOC eyes valuation of at least $50 bln for its gas business: sources
ADNOC is eyeing a valuation of at least $50 billion for ADNOC Gas, though deliberations over valuations have not finalised and the company is yet to determine the size of the…
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Hindenburg ignores Indian legal processes: Adani Group on the firm’s allegations
Adani Group there are multiple false narratives being created in the allegations made by Hindenburg Research.
Hindenburg deliberately ignores Indian legal processes and…
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Cash flow from RIL’s E&P business set to overtake Reliance Retail’s
RIL is enhancing gas production from KG Basin by 58% with the commissioning of MJ field by March.
Reliance Industries (RIL),India’s largest company by market value, targets to…
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Moody’s withdraws IDBI Bank’s credit ratings for business reasons
Global credit rating agency Moody’s Investors Service on Monday said it has withdrawn IDBI Bank Ltd’s ratings for business reasons
Global credit rating agency Moody’s Investors…
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Securities fraud by the ‘Madoffs of Manhattan’, says Adani group
It further said the report by Hindenburg Research is nothing but a lie
Terming Hindenburg Research’s conduct a “securities fraud”, the Adani group on Sunday night said it was…
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Layoffs wave hits IBM, SAP; thousands of employees to be sacked
The two companies plan to sack thousands of employees as a cost-cutting measure owing to the dwindling macroeconomic trends.
Layoffs have hit the global technology industry…
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Tiger Global-backed Dealshare lays off 6% of staff
Dealshare’s annualised revenue rate has fallen by a third to around $600 million from the peak of $900 million achieved last year, says founder Sourjyendu Medda
Amid a tough…
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Sterlite Tech turns around business with Rs 50 cr profit
With a sharp focus on cash and profitability, reduction in debt and calibrated exits from sub-scale businesses, Agarwal said STL was poised for long-term growth. Shares of STL fell…
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Google to make changes to Android business terms in India after antitrust blow
Google is revising its business agreements with phonemakers and other partners in India and making a series of other changes in the South Asian market to comply with the local…
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Amazon Adds Prescription Drug Discount Programme To Health Care Business
The company said the flat fee could cover a list of medications like the antibiotic amoxicillin and the anti-inflammatory drug naproxen
Amazon is adding a prescription drug…
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