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Donald Trump's return adds to Western firms' dilemma to exit from Russia

Russia tightened its exit terms in October to encourage businesses to stay, demanding discounts of at least 60 per cent on exit transactions and a 35 per cent 'voluntary contribution'

Donald Trump's return adds to Western firms' dilemma to exit from Russia
Updated On : 20 Jan 2025 | 1:11 PM IST

US firms in Europe fear worsening relations as Trump set to take office

The survey, carried out among 58 US-controlled members between Jan. 6 and 14, showed that 84 per cent ranked tariffs and trade policy as a top priority for transatlantic cooperation

US firms in Europe fear worsening relations as Trump set to take office
Updated On : 20 Jan 2025 | 11:36 AM IST

US cos rush to bond mkt in fundraising flurry, may raise $65 bn this week

Syndicate bankers expect to see companies raising nearly $65 billion this week, and perhaps as much as $200 billion this month, in a bond issuance spree that is showing no sign of slowing

US cos rush to bond mkt in fundraising flurry, may raise $65 bn this week
Updated On : 06 Jan 2025 | 11:44 PM IST

Adani Group's US exposure spans solar, wind, and Google India operations

AEL says Adani Solar secured its largest single-yr order from a key American utility firm

Adani Group's US exposure spans solar, wind, and Google India operations
Updated On : 21 Nov 2024 | 10:49 PM IST

US firm Alkomex expands R&D ops in India; ropes in expert Sanjay Agrawal

Global pharma company Alkomex GBN looks to expand its research and development footprint in India and has roped in nutraceuticals expert Sanjay Agrawal to spearhead its strategic initiatives in the country, a statement said on Monday. Alkomex GBN has formed a partnership with Dr Sanjay Agrawal, a renowned Indian expert in health management and nutraceuticals, and has appointed him as the Scientific Advisor for Alkomex GBN, the statement said. "His leadership will be instrumental in driving our growth as we continue to expand our footprint in the nutraceutical and functional food sectors," Alkomex CEO Alex Meneses Vega said. Agrawal will be based in Ahmedabad and will spearhead the US firm's research and strategic initiatives, it said, adding that he will guide the company's R&D efforts and integrate Indian research into Alkomex's global operations. The partnership is expected to significantly strengthen Alkomex GBN's capabilities in developing scientifically-backed nutraceuticals .

US firm Alkomex expands R&D ops in India; ropes in expert Sanjay Agrawal
Updated On : 04 Nov 2024 | 6:00 PM IST

Retail giant Amazon adds Grubhub food delivery to its website, app in US

As part of the agreement, Amazon Prime members will continue to be eligible to avail a free Grubhub+ membership worth $120 a year, which includes free delivery on orders above $12

Retail giant Amazon adds Grubhub food delivery to its website, app in US
Updated On : 30 May 2024 | 2:28 PM IST

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

Retail giant Walmart to fire hundreds of corporate staff, relocate others
Updated On : 14 May 2024 | 10:15 PM IST

Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge

Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision

Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge
Updated On : 02 May 2024 | 10:18 PM IST

US employers add strong 275K jobs in sign of continued economic strength

America's employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the US economy's resilience in the face of high interest rates. Last month's job growth was up from a revised gain of 229,000 jobs in January. The unemployment rate ticked up two-tenths of a point to 3.9 per cent but was still the 25th straight month in which it has remained below 4 per cent. Friday's government report reflected the job market's sustained ability to withstand the 11 rate hikes the Federal Reserve imposed to fight inflation, which made borrowing much costlier for households and businesses. Employers have continued to hire briskly to meet steady demand from consumers across the economy. Yet despite sharply lower inflation, a healthy job market and a record-high stock market, many Americans say they are unhappy with the state of the economy a sentiment that is sure to weigh on President Joe Biden's bid for re-election. Many voters blame Bide

US employers add strong 275K jobs in sign of continued economic strength
Updated On : 08 Mar 2024 | 11:58 PM IST

Sun Pharma to acquire 16.33% stake in US-based Surgimatix for $3 million

The transaction is expected to be completed by the end of February 2024, pending fulfilment of certain conditions

Sun Pharma to acquire 16.33% stake in US-based Surgimatix for $3 million
Updated On : 20 Feb 2024 | 3:36 PM IST

US firms in China say vague rules, tensions with Washington, hurting biz

American companies operating in China view tensions with Washington over technology, trade and other issues as a major hindrance for their businesses there, according to a survey by the American Chamber of Commerce in Shanghai. The survey released on Tuesday showed a continued downgrading of China's importance as an overseas destination for investment, even though two-thirds of the 325 companies responding said they had no immediate plans to change their China strategy. Just over one in five of the companies surveyed said they were decreasing their investment in China this year, with the top reason being uncertainty about the US-China trade relationship, followed by expectations of slower growth in China, it said. Overall, the survey showed sentiment worsened from last year, when companies were embroiled in disruptions from zero-COVID policies that caused parts of entire cities, transport networks and travel to be shut down, sometimes for weeks at a time. Such disruptions were a ma

US firms in China say vague rules, tensions with Washington, hurting biz
Updated On : 19 Sep 2023 | 11:19 AM IST

USA's PowerSchool acquires Indian edtech firm Neverskip for undisclosed sum

The deal will lead to the two companies creating a unified technology platform for school operations

USA's PowerSchool acquires Indian edtech firm Neverskip for undisclosed sum
Updated On : 05 Sep 2023 | 5:44 PM IST

No room to negotiate on national security with China: US commerce secy

Raimondo, who is holding three days of talks with Chinese and business leaders to boost ties, met with Commerce Minister Wang Wentao on Monday for just over two hours

No room to negotiate on national security with China: US commerce secy
Updated On : 28 Aug 2023 | 10:22 PM IST

US firm GQG Partners buys 5.96% stake in Patanjali Foods via OFS route

US-based investment firm GQG Partners has bought a 5.96 per cent stake in edible oil firm Patanjali Foods, which is promoted by Baba Ramdev-led Patanjali Ayurved. GQG Partners has bought 2,15,64,517 equity shares of Patanjali Foods through Offer For Sale (OFS) route, according to a regulatory filing. This translates into a 5.96 per cent stake in Patanjali Foods. Patanjali Foods share price closed at Rs 1,332.75 apiece on Wednesday, up 4.64 per cent from Tuesday. The market cap of Patanjali Foods stood at Rs 48,245 crore. At current valuation, GQG Partners' shareholding in Patanjali Foods is worth nearly Rs 2,900 crore. Last week, Patanjali Foods announced that its promoter Patanjali Ayurved will sell up to 2.53 crore shares of the company through OFS in a bid to increase public float. The floor price was kept at Rs 1,000. The two-day Offer For Sale (OFS) was launched on July 13-14 by promoter entity Patanjali Ayurved to pare its total stake in Patanjali Foods by around 7 per cent

US firm GQG Partners buys 5.96% stake in Patanjali Foods via OFS route
Updated On : 19 Jul 2023 | 7:56 PM IST

US-based firm Ahead enters India; to hire over 750 employees by 2025

Chicago-based enterprise Ahead on Wednesday announced its entry into the Indian market with its first service delivery office in Gurugram and is planning to hire over 750 employees in the country by 2025. "We are thrilled about the opportunities India presents for both our clients and our team. We plan to hire 750+ employees in India by 2025 across levels. This important step is a testament to our commitment to delivering impactful results to our clients, and we look forward to continuing to innovate and grow in the Indian market," Ahead India Vice President and Managing Director Praveen Grover said in a statement. The hiring will be across levels for data analysts, data engineers, cloud security analysts, cloud network engineers, operations, marketing and HR personnel in India. By the end of 2024, Ahead India aims to employ hundreds of associates and further strengthen its presence in the region. The company will focus on supporting the growth of its managed services, digital ...

US-based firm Ahead enters India; to hire over 750 employees by 2025
Updated On : 17 May 2023 | 11:39 PM IST

US firms prioritize others over China: American Chamber of Commerce China

The survey was conducted between April 18 and 20 and was published in the 2023 American Business in China White Paper on Wednesday

US firms prioritize others over China:  American Chamber of Commerce China
Updated On : 30 Apr 2023 | 6:50 AM IST

Top global firms approaching Indian toy makers for sourcing goods: Official

Top global retailers from the US and Europe have shown keen interest in sourcing goods from Indian toy manufacturers and hand-hold them to meet their compliance requirements, a government official said. The official said these retail giants are looking to procure toys from India at a good scale. The Department for Promotion of Industry and Internal Trade (DPIIT), which is taking a series of steps to promote domestic manufacturing of toys, is also helping the Indian manufacturers tie up with the global players to meet their compliance provisions and increase exports from India. When asked about the issue, Manu Gupta, promotor of Playgro Toys India and Chairman of Toy Association of India, said a US-based retailer has approached the industry to procure toys in three main categories including ride-on and outdoor toys and mechanical and electrical toys - worth USD 400 million. He said DPIIT officials are helping the industry engage with these world players and get orders. These firms

Top global firms approaching Indian toy makers for sourcing goods: Official
Updated On : 12 Apr 2023 | 10:25 PM IST

NPR to quit Twitter after being labeled as 'state-affiliated media'

"We are officially deemphasizing Twitter across the organization," NPR said in a statement, adding that it had made the decision after Twitter refused repeated requests to remove the inaccurate label

NPR to quit Twitter after being labeled as 'state-affiliated media'
Updated On : 12 Apr 2023 | 8:15 PM IST

Jubilant FoodWorks brings American chicken brand Popeyes to Chennai

The company inaugurated its first restaurant in Bengaluru, which was followed by rapid expansion to 12 restaurants across the city in less than a year

Jubilant FoodWorks brings American chicken brand Popeyes to Chennai
Updated On : 18 Jan 2023 | 6:15 PM IST

Broadcom addresses unfair practices, proposes measures worth $15.8 million

US chipmaker Broadcom offered 20 billion won ($15.8 million) worth of programmes to address concerns about its alleged violation of competition law, South Korea's antitrust regulator said on Monday

Broadcom addresses unfair practices, proposes measures worth $15.8 million
Updated On : 09 Jan 2023 | 4:14 PM IST