Business News

Volkswagen’s 5.9 billion euros annual savings goal may cut around 7,000 workforces

Volkswagen has ruled out compulsory layoffs until 2025, but early retirement will help the Wolfsburg, Germany-based carmaker to cut its workforces between 5,000 and 7,000 positions. By Reuters @moneycontrolcom – TFM News Volkswagen on March 13 stated it will reduce its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros […]

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India sets $50 billion bilateral trade target with Russia by 2025

India And Russia Set Trade Target To $50 Billion By 2025 The two-way investments have already crossed the $30 billion target and now the countries are aiming for $50 billion by 2025. Junior commerce and industry ministry C R Chaudhary has set an ambitious $50 billion target for bilateral trade between India and Russia over […]

Business News

News should not be missed; Business Deals and Corporate Actions

Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions – 18Th Feb – 20Th Feb Tech Mahindra and Rakuten set up 5G Lab in Tokyo -The Rakuten Cloud Innovation Laboratory; is a fully automated testing facility that aims to foster innovation across mobile network, IT digital architecture, cloud and enterprise applications, a statement said. Crypto […]

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Cognizant Technology has agreed to pay $25 million (Rs.178 crore) to settle SEC’s bribery charge

Cognizant agrees to pay $25 million to settle SEC’s bribery charge The US regulator said two former executives were charged for facilitating payments of millions of dollars. By Reena Zachariah, ET Bureau Mumbai: US-based Cognizant Technology Solutions has agreed to pay $25 million (Rs 178 crore) to settle charges towards violation of the Foreign Corrupt […]

M&A World News

Indian wealth manager Edelweiss signs MoU with Bank of Singapore to form a strategic partnership

Edelweiss, Bank of Singapore sign MoU for strategic partnership “This is the first time that an Indian wealth manager of Edelweiss’ size and stature is partnering with an offshore private bank,” Edelweiss Financial Services said in a BSE filing. PTI @moneycontrolcom Edelweiss Group on Thursday said it has signed a memorandum of understanding (MoU) with Bank […]

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Today’s Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions

Today’s Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions – 15Th Feb India News World News 1. India News Tera Software secures order worth Rs.288.64 crore Tera Software, received orders for various categories of work in Andhra Pradesh Fiber grid Phase 1. The work order is divided into different sections such as operating and […]

Business News World News

Today’s Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions

Today’s Business Deals, Company Expansions, Stake Acquisitions and Corporate Actions – 13Th Feb Goldman Sachs, Point72 and others invest $44 million in business credit startup Nav NEW YORK (Reuters) – Nav, a startup that gives small businesses free access to their credit reports, said on Monday that it had raised $44 million from investors including […]

Business News

Today’s Business Deals, Company Expansions and Stake Acquisitions

Today’s Business Deals, Company Expansions and Stake Acquisitions – 11Th Feb Glenmark Pharma gets USFDA nod for drug for patients on dialysis “Glenmark Pharmaceuticals Inc, USA (Glenmark) has been granted final approval by the United States Food and Drug Administration (USFDA) for Sevelamer Hydrochloride tablets in the strengths of 400 mg and 800 mg,” the […]

M&A

Dhoot Transmission acquires Bengaluru’s San Electromec

PTI: Dhoot Transmission acquires San Electromec for undisclosed sum. The Aurangabad-headquartered manufacturer of wiring harness for two-wheelers said the acquisition will help it enhance its portfolio, especially in railways, defence, construction and specialty vehicle segments. Auto component maker Dhoot Transmission on Monday said it has acquired Bengaluru-based wire harness and control panel maker, San Electromec […]

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RBI Policy: The monetary policy committee cuts repo rate by 25 bps to 6.25

RBI cuts repo rate in its maiden policy review under Shaktikanta Das; The monetary policy committee cut repo rate by 25 basis points to 6.25 percent in its sixth bi-monthly monetary policy. Consequently, the reverse repo has come down to 6 percent. And the marginal standing facility (MSF) rate and the Bank Rate come down to […]