GE T&D India promoters GE Grid Alliance B.V. and Grid Equipments Private Limited have informed exchanges that they are in the process of reviewing their shareholding structure in the company and are evaluating the possibility of a minority stake sale. However, the promoter group has expressed its “strong intention to continue as the majority shareholder … Read more
India’s Adani Energy Solutions raised $1 billion through a share sale, which got bids from U.S. investors and sovereign wealth funds, the power distribution company said on Monday. The qualified institutional placement (QIP) was the Adani Group’s first fundraising from equity markets after a $2.5 billion share sale was scrapped in February last year. The … Read more
The Tesla Cybertruck’s launch has been far from smooth, to say the least. We’ve heard about the time a car wash bricked a Cybertruck, the frunk’s taste for fingers and that coolant leaks aren’t covered by the warranty even if you’ve only driven 35 miles since taking delivery. Those are all legitimate problems that anyone … Read more
Capital markets regulator Sebi on Tuesday notified a framework for issuance of subordinate units by privately placed infrastructure investment trusts (InvITs). The issuance of subordinate units is primarily intended to bridge the valuation gaps that may arise as a result of the difference in the valuation of an asset assessed by the Sponsor (in its … Read more
Angshu Mallick, MD & CEO, Adani Wilmar, says going forward, as the new mustard season has just started, the new meal, oil meal, rapeseed oil meal will be available now for exports. So, the Q1 of FY25 should be better. Overall, the edible oil has been growing. This year has grown at 10%, which is … Read more
Doordash, Grubhub, Uber Eats, and a dozen others are abject failures of the Silicon Valley venture capital-funded wasteland of “gig economy” apps. These apps make it easier to get cold and disappointing food delivered right to your house at ridiculous expense. The companies themselves are having a hard time figuring out a profitability model, despite … Read more
One Uber Eats delivery driver seems to have their personal beliefs interfere with the successful delivery of an order — and now the customer is asking for help in an effort to figure out what went wrong. The problem? The customer ordered Plan B, and their driver refused to deliver it. The Ford Flex Was … Read more
Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the … Read more
California’s fast food workers are set to get a nice bump in pay in 2024. Starting in April, California’s FAST Act kicks in and raises the state’s minimum wage for fast food workers to $22 an hour. It’s got the industry up in arms, because, you know, paying people a living wage is world-ending stuff … Read more
