Laxman Narasimhan becomes CEO of Starbucks
Global coffee giant Starbucks on Monday announced Indian-origin Laxman Narasimhan is assumed as the chief executive officer. Starbucks named Narasimhan as the incoming CEO on […]
Business
SVB Financial Group seeks bankruptcy protection
SVB Financial Group said on Friday it filed for a court-supervised reorganization under Chapter 11 bankruptcy protection to seek buyers for its assets, days after […]
Air India made voluntary retirement offer to its non-flying staff
Air India on Friday made a voluntary retirement offer for its non-flying staff, the second such offer by the Tata Group after taking control of […]
LIC sold 2% of stake in NMDC between December and March
Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its equity stake in state-owned NMDC, taking its total shareholding in […]
Lebanese currency hits all-time low first time in history
The Lebanese currency (LBP) has collapsed to 100,000 LBP per US dollar for the first time in history as the country’s financial crisis and political […]
Tyson Foods to close 2 US chicken plants, 1700 employees will lose jobs
Tyson Foods Inc (TSN.N) will close two US chicken plants with almost 1,700 employees on May 12, the company said on Tuesday. The closures show […]
Ukraine’s GDP falls by 29.2% in 2022
Ukraine’s GDP shrank by 29.2 per cent in 2022, state media reported, citing an estimation by the country’s Economy Ministry. The economic decrease reflected depressed […]
SVB Financial Group CEO, CFO sued by shareholders
SVB Financial Group and two top executives were sued on Monday by shareholders who accused them of concealing how rising interest rates would leave its […]
10k small businesses, 1 lakh jobs are at risk: Y Combinator CEO
US-based technology startup accelerator Y Combinator, which has invested in thousands of startups, including at least 200 from India, has written a petition to US […]
Amazon to close 8 Go stores in US to cut costs
As part of its cost-cutting effort, Amazon plans to shut eight of its Go convenience stores in the US. According to CNBC, the tech giant […]