 "Vedanta’s bold demerger aims to transform asset management into ownership, investing .9 billion to become global industry leaders.")
Vedanta Ltd is undergoing a major transformation with a proposed demerger of its various business units, which cover over 15 commodities. This strategic move aims to transition the company from asset managers to asset owners, allowing it to create independent companies focused on sectors like aluminium, oil and gas, power, and steel. With 75% approval ...
 "The Women in Cinema Collective aims to reform the Malayalam film industry, promoting safety and equality following a damning harassment report.")
The Women in Cinema Collective (WCC) is set to introduce recommendations aimed at creating a safer and more equitable environment in the Malayalam film industry. This initiative follows the recent publication of the Justice K Hema Committee report, which highlighted the exploitation and mistreatment of women in the industry. The WCC expressed hope for industry-wide ...
 "Trade Minister Piyush Goyal advocates for a border adjustment tax to protect India’s steel industry from predatory imports and boost production.")
Trade Minister Piyush Goyal recently proposed a border adjustment tax (BAT) to protect India’s steel industry from cheap imports. Speaking at a steel conclave, he emphasized the need for this tax to level the playing field, as Indian producers face higher costs due to local taxes. However, some experts suggest that BAT might only slightly ...
 "Generative AI fuels TCS’s rapid growth in engineering and design, transforming product cycles and propelling India’s tech industry to new heights.")
Tata Consultancy Services (TCS) is leveraging generative AI to enhance its engineering research and design capabilities, leading to a 20% acceleration in product development cycles for major clients like Rolls Royce and Jaguar Land Rover. This sector is projected to grow significantly, with an expected value of $170 billion by 2030, nearly quadrupling from current ...
 "Glenmark Pharmaceuticals agrees to a million settlement over drug pricing misconduct, reflecting ongoing challenges in the pharmaceutical industry.")
Glenmark Pharmaceuticals has reached a settlement with the US Department of Justice, agreeing to pay $25 million due to a case involving the pricing of a generic drug. This payment will be made in six installments over five years, accruing interest at a rate of 4.25 percent from May 2024. The settlement, announced in a ...
 "Trump’s Critique Sparks Tensions: Taiwan Defends Chip Industry Integrity")
Taiwan’s Economy Minister, Kuo Jyh-huei, defended the island against comments made by former President Donald Trump, who claimed that Taiwan is stealing the U.S. chip industry. Kuo emphasized that the chips produced in Taiwan are commissioned by American companies, which benefit the most from this collaboration. Trump’s remarks unsettled Taiwan’s officials and its markets, highlighting ...
 "RBI’s Bold Measures: Protecting Financial Integrity Amidst Industry Criticism")
The Reserve Bank of India’s Deputy Governor, Swaminathan J, emphasized that the central bank’s recent strict actions against certain financial institutions are aimed at maintaining the stability and integrity of the financial system, not to disrupt business. He addressed concerns about the regulator’s perceived eagerness to impose restrictions, clarifying that these measures are taken only ...
Frontier Airlines has made a big change that travelers will appreciate – they are getting rid of change fees. This move comes as the Biden administration focuses on increasing transparency in the airline industry. This means that customers will no longer have to worry about paying extra if they need to make changes to their ...
Today’s Current Affairs: The Q4 earnings season is in full swing with key updates from top companies like Maruti Suzuki, Wipro, Infosys, HCL Technologies, and more. Market participants are closely watching the performance of players like JSW Steel, ZEE, Godrej Industries, and many others. Stay tuned for announcements from Jyoti CNC Automation, Trident, Data Patterns, ...
Red Lobster’s recent collapse may signal a grim future for fast-casual dining establishments. The popular seafood chain’s struggles could have ripple effects throughout the industry, potentially changing the landscape of dining options for consumers. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post Win Up To ...
