Category Archives: Business

Shibasish Sarkar, CEO of Reliance Entertainment, has launched a buyout firm

Shibasish Sarkar, the new CEO of Reliance Entertainment, is leading the formation of the country’s first special purpose acquisition firm. Sarkar is the founder, CEO, and largest shareholder of International Media Acquisition Corp., which is based in New Jersey. Over the next 12-18 months, he hopes to generate $200 million to 230 million from an IPO […]

AstraZeneca’s COVID-19 vaccine is tied to uncommon blood clots in rare cases

Study done by the European Medicines Agency, announced on April 7, that AstraZeneca’s COVID-19 vaccine linked to blood clots that have formed in the brains of some vaccinated people. These blood clots have been formed due to the vaccine being incredibly rare. But owing to the criticality of the Covid-19 disease, which can put people […]

Why Did A $1 Chip Shortage Trigger A Global Financial Crisis?

A one-dollar component called a display driver is a good place to start to understand, why the $450 billion semiconductor industry has stumbled into trouble. The global silicon industry is made up of hundreds of different types of chips, with the most expensive ones from Qualcomm Inc and Intel Corp costing anywhere from $100 to […]

Ola Electric has recruited Yongsung Kim, a 35-year auto industry veteran, to manage Global Sales & Distribution

Yongsung Kim has been appointed Head of Global Sales & Distribution at Ola Electric, with responsibility for India and international markets. Yongsung, a 35-year Hyundai Motor and Kia veteran, brings global automotive sales expertise from North America, Europe, the United Kingdom, the Middle East, Africa, ASEAN, Asia Pacific, and, of course, India, where he spent […]

How Saudi Arabia can Thrive in a post-oil world

Before the discovery of oil, Saudi Arabia barely existed as a nation. Its founding monarch Ibn Saud’s 1933 oil concession to Standard Oil Co. of California came just months after he was proclaimed the king of a land that hadn’t been unified in 1,000 years. According to Ellen Wald, the Atlantic Council and Historian of […]

IMF forecasts India’s growth rate to jump to 12.5% in 2021

The IMF forecasted an ambitious 12.5% growth rate for India in 2021, higher than China, the only major economy with a positive growth rate last year during the COVID-19 pandemic. In its annual World Economic Outlook, released ahead of the World Bank’s annual spring meeting, the Washington-based global financial institution predicted that the Indian economy […]

Jio’s plans strategy to launch low-cost smart phone

Jio’s new forceful methodology has been observed, as new JioPhone offers and the looming dispatch of ease cell phones, are probably going to help recapture endorser energy, as per a report. Close term delay in tax climb doesn’t de-rail the drawn out primary upturn story in normal income per client, as any combination situation could […]

In May, India will buy 36% less oil from Saudi Arabia

According to a few sources, public sector refiners in India, will buy 36% less oil from Saudi Arabia in May than usual, indicating escalating tensions with Riyadh, despite the Kingdom’s support for OPEC and allied producers’ proposal to boost output last week.As global oil prices have risen, relations between India, the world’s third-largest oil importer, […]

Flipkart to aim for IPO in fourth quarter of 2021

Flipkart, India’s largest e-commerce company managed by Walmart Inc., is advancing to the initial public offer (IPO) as soon as the fourth quarter of this year, according to people familiar with the matter. The American retail giant has formed an internal IPO group for Flipkart and relies on traditional practices in the United States, people […]

US job openings jump to two-year high in boost to labour market

In February, job opportunities in the United States reached a two-year peak, while hiring increased as domestic demand increased, as a result of expanded COVID-19 vaccines and additional government pandemic assistance. The monthly Work Openings and Workforce Turnover Survey, or JOLTS, released by the Labor Department on Tuesday, was the latest sign that the labour […]