Rising Inflation in India Risks Central Bank’s Monetary Easing: Bloomberg
A recent weakening in the rupee is worsening the situation, boosting the local cost of imported oil and other raw…
OPEC+ Sticks To Plan To Ease Oil Output Cuts From May 1: Reuters
COIMBATORE, 28 April, 2021: OPEC, Russia and their allies will stick to plans for a phased easing of oil production…
Tesla Shares Drop After Muted Q1 Results As A Global Chip Crunch Persists: Reuters
COIMBATORE, 28 April, 2021: Shares of Tesla Inc. fell more than 4% on Tuesday as its first-quarter earnings results failed…
Nomura Suspends Executives, Replaces Risk Head After Archegos Fallout: Bloomberg
Nomura is among several global banks shaken by transactions with Archegos, an obscure investment firm set up to manage the…
Sanofi to help make Moderna covid-19 vaccine for US: Wall Street Journal
Drugmaker Sanofi SA has signed an agreement to help manufacture as many as 200 million doses of Moderna Inc.’s Covid-19…
Gilead to help India boost production, promises 450,000 Remdesivir vials: Mint
Gilead Sciences Inc will give India at least 450,000 vials of its COVID-19 drug remdesivir and donate active pharmaceutical ingredients…
Tech Mahindra to acquire Eventus Solutions Group for up to $44 million: Moneycontrol
IT major Tech Mahindra on April 26 said it has acquired US-based Eventus Solutions Group for up to USD 44…
Air India Plans to Bring 10,000 Oxygen Concentrators from US: Economic Times
KOLKATA, April 26, 2021: Air India plans to bring around 10,000 oxygen concentrators from the US for private entities in…
Blackstone Offers $1.1 Billion to Buy 26% of Mphasis: Bloomberg
KOLKATA, April 26, 2021: Blackstone Group Inc. plans to acquire an additional 26% in Indian IT outsourcing services provider Mphasis…
Temasek Joins 64-Year-Old Founder on Path to Next India Unicorn: Bloomberg
KOLKATA, April 26, 2021: Ronnie Screwvala pioneered cable television in India in the 1980s and then built a unicorn that…