Author: News Desk
On the Forbes Global 2000 list, Reliance climbed two spots to No. 53 among all public companies worldwide and ranked first among Indian companies The State Bank of India (SBI) landed in the No. 2 spot on the list of India’s largest companies Private sector banks ICICI and HDFC followed next on the Global 2000 list of Indian companies Notable newcomers to the list include Indian billionaire Gautam Adani’s companies Earlier this year, Forbes estimated Mukesh Ambani’s net worth to be $90.7 billion, landing him at No.10 on this year’s Billionaires list Oil and gas and metal conglomerate Vedanta Limited…
In Indian households, sex is still a taboo. People neither explore it nor discuss it. Mumbai-based startup MyMuse, started by newly-wed couple Anushka and Sahil Gupta, attempts to fix this. Let’s take a look at it. This sexual wellness startup offers products catering to different aspects of sexual experience. The product portfolio includes candles, massage oils, card games, eye masks, lubricants, massagers and kits with different combinations. One can use them for setting the mood or for play. According to the company, the idea is to enhance sexual wellness among people and to make people acknowledge sex as a part…
Tata Group is drawing up plans to launch a battery company in India and abroad It is making a transition towards sustainability across businesses Which includes a clean mobility push at Tata Motors and its British luxury unit Jaguar Land Rover To meet stringent climate goals, automakers globally are pursuing zero-emission strategiesTata Motors has plans to launch 10 electric models by 2025 Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025
French luxury brand Louis Vuitton announced actor Deepika Padukone as its latest ‘House Ambassador’ Padukone is the first Indian to be signed as a House Ambassador by Louis Vuitton Louis Vuitton has unveiled its Dauphine bag campaign, starring Deepika Padukone, Emma Stone and Zhou Dongyu The actor starred in her first leather goods campaign for the Maison The actress has also notably been named a member of the jury of this year’s 75th Cannes Film Festival
Adani group wins race to buy Ambuja Cements, ACC for $10.5 bn Gautam Adani won the race to acquire Swiss cement major Holcim’s stake in Ambuja Cements and its subsidiary ACC for $10.5 bn Adani group outbid Ultratech and JSW group to enter the cement industry It also emerged as the country’s second-largest cement manufacturer, with 70 million tonnes of capacity annually Adani Group may spend $3-3.5 billion to buy shares from public shareholders Adani Group has offered to pay ₹385 per share for Ambuja Cements Deutsche Bank, BarCap and Standard Chartered were financiers to the deal
Saudi Aramco surpassed Apple as the world’s most valuable firm The Saudi Arabian national petroleum and natural gas company was valued at $2.42 trillion While Apple was valued at $2.37 trillion Apple has fallen nearly 20% since its $182.94 peak on January 4 Aramco stock is up over 27% so far in 2022 Apple passed Saudi Aramco to become the world’s most valuable publicly traded company in 2020
Entrepreneur Elon Musk, who recently bought social media platform Twitter Inc for $44 billion, has said that he put the deal ‘temporarily on hold.’ Musk says he is waiting for data on the proportion of Twitter’s fake accounts. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk told his more than 92 million Twitter followers. Ever since Musk signed the deal, technology stocks have plunged amid investor concerns over inflation and a potential economic slowdown. The spread between the offer price and the value of Twitter shares had…
BYJU’S group company Great Learning has acquired Singapore-based Northwest Executive Education for about $100 Mn The acquisition will help Northwest Executive Education and Great Learning expand their offerings across markets such as India, the US, Europe and Latin America Northwest has partnered with several universities, including Yale, UC Berkeley, MIT, University of Chicago, and UCLA Northwest will continue to work independently, while its co founders – Mohit Jain, Tamhant Jain and Maitreyi Singhvi – will continue to lead the company Northwest Executive’s acquisition comes nearly a year after Byju’s had acquired 100 percent stake in Singapore-based Great Learning for $600…
India’s first indigenously developed electric bus was showcased to Nitin Gadkari, Minister of Road Transport and Highways of India “EKA E9” is the first electric bus with the “Made-in-India” tag The future-ready bus comes with a monocoque stainless steel chassis and has a complete composite structure It is a 9- metre pure electric, zero-emission bus With both front and rear air suspension, the E9 electric bus is powered by an electric motor that delivers maximum energy of 200 KW It is also supported by a 2500 Nm torque with a “regenerative braking system” The E9 electric bus can carry up…
Toyota group firms will invest about Rs 4,800 crore in Karnataka It will be for local production of powertrain parts and other components of electric vehicles Toyota Kirloskar Motor (TKM) along with Toyota Kirloskar Auto Parts (TKAP) will put in Rs 4,100 crore While Toyota Industries Engine India (TIEI)– will pitch in with another Rs 700 crore TKM and TKAP inked a Memorandum of Understanding (MOU) with the Karnataka government in this regard The MoU was exchanged between Chief Minister of Karnataka Basavaraj Bommai and Vikram S. Kirloskar, Vice-Chairman, Toyota Kirloskar Motor “Just from the group companies (TKM & TKAP),…