‘Omicron more of a flash flood than a wave, lifting prospects’

Overall economic activity strong, RBI officials say in bulletin Overall economic activity in India remains strong, with upbeat consumer and business confidence and uptick in several incoming high-frequency indicators, despite the outbreak of the Omicron variant of the virus causing COVID-19, Reserve Bank of India officials wrote in an article in the RBI Bulletin. “As the world stepped into the […]

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Should you opt for auto renewal of deposits?

Master savings account is the key to ensure your money stays on course to achieve life goals Bank deposits form an integral part of an individual’s goal-based investments. An important decision you may have to take relating to bank deposits is whether to opt for auto renewal on maturity. In this article, we show why auto renewal may not be […]

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Newsom names energy adviser as state's top utility regulator

Fox Business Flash top headlines for November 22 Check out what’s clicking on FoxBusiness.com. California Gov. Gavin Newsom has named his senior adviser on energy policy as the next president of the powerful state body that regulates utilities. Alice Reynolds is set to lead the five-member California Public Utilities Commission beginning Dec. 31, taking over a job that includes oversight […]

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Finsbury Glover, Sard Verbinnen To Merge; Financial Terms Undisclosed

Finsbury Glover Hering, a global public affairs consultancy, and Sard Verbinnen & Co, a strategic communications firm, on Wednesday jointly announced their merger to create a strategic communications company. Financial terms of the transaction were not disclosed. The merger is expected to be complete in the last quarter of 2021 and the combined company will operate under a new name […]

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India's IndiGo sees Tata as 'formidable competition' after Air India deal

IndiGo controls more than half of the Indian domestic market but its international operations are far smaller than Air India’s India’s largest airline IndiGo expects Tata Sons to be "formidable competition" once the conglomerate finalises its $2.4 billion purchase of Air India from the government, the budget airline’s chief executive said. Tata also owns a majority stake in Vistara, a […]

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Tata Sons wins bid to acquire Air India

Tata Sons beat SpiceJet promoter to bag Air India. Salt-to-software conglomerate Tatas have won the bid to acquire debt-laden state-run Air India offering ₹18,000 crore for acquiring 100% shareholding, a senior government official said on Friday. An SPV of Tata Sons — the holding company of conglomerate — has emerged as successful bidder, Tuhin Kanta Pandey, secretary to the Department […]

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Goal is to create ecosystem for EVs: Greaves Cotton MD

‘Will serve needs for parts, maintenance, multi-brand items’ Engineering firm Greaves Cotton is engaged in transforming itself into a green-energy entity with a focus on electric mobility. It has made acquisitions in the electric vehicle (EV) space. The company has planned capital investment of ₹700 crore over 10 years in its upcoming plant in T.N., said MD and Group CEO, […]

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Ola commences sale of electric scooter S1

Ola Electric on September 15 commenced the sale process of its electric scooter S1. The electric scooter, which comes in two trims —Ola S1 and S1, is available to purchase on the Ola App only currently, and not on the website. While the sale was to start on September 8, it postponed the process by a week to September 15, […]

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