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Leaked Mashable documents show how bleak things were before Ziff Davis came to the rescueLeaked Mashable documents show how bleak things were before Ziff Davis came to the rescue

Leaked Mashable documents show how bleak things were before Ziff Davis came to the rescueLeaked Mashable documents show how bleak things were before Ziff Davis came to the rescue

Mashable’s sign in their New York office. Mashable was in deep trouble financially before it sold for far below its one-time valuation of $250 million, according to documents reviewed by Business Insider. The company was heavily reliant on digital media advertising revenue, the documents show. It also lost $4.2 million in the three months through September. Ziff Davis [...]

December 19, 2017 Loknath Das Business Comments Off on Leaked Mashable documents show how bleak things were before Ziff Davis came to the rescueLeaked Mashable documents show how bleak things were before Ziff Davis came to the rescue

Old Mutual to sell asset management business for £600m

Old Mutual to sell asset management business for £600m

The financial services giant is selling its single strategy asset management business for around £600m Old Mutual is to sell its single strategy asset management business to private equity firm TA Associates and the unit’s management team, which includes star fund manager Richard Buxton, for an expected £600m. The FTSE 100 finance giant has reportedly been exploring a [...]

December 19, 2017 Loknath Das Business Comments Off on Old Mutual to sell asset management business for £600m

Mass murderer and cult leader Charles Manson has died

Mass murderer and cult leader Charles Manson has died

Cult leader and one of America’s most notorious killers Charles Manson died on Monday from natural causes at the age of 83. Manson was serving nine life sentences at California State Prison-Corcoran for seven counts of first-degree murder and one count of conspiracy to commit murder. A statement released by California State Prison-Corcoran said 8:13 p.m. [...]

November 20, 2017 Loknath Das Business Comments Off on Mass murderer and cult leader Charles Manson has died

Tata Global gets a boost as branded business grows

Tata Global gets a boost as branded business grows

Beverage major’s business climbs ₹1,507.4 crore over a year Good volume growth in the branded business segment and improved performance in some of its associates has boosted the prospects of Tata Global Beverages (TGB) during the second quarter of 2017-18. TGB has interests in tea, coffee and water. The company’s branded business comprises packet tea, [...]

November 20, 2017 Loknath Das Business Comments Off on Tata Global gets a boost as branded business grows

Markets rattled as German coalition talks collapse – business live

Markets rattled as German coalition talks collapse – business live

A quick reminder of the result of September’s election shows why Angela Merkel is in a bind.  Photograph: Bloomberg Having only won 246 out of the 706 seats in the Bundestag, the CDU/CSU needs coalition partners to form a stable government. However, the maths is tricky, as the SPD isn’t willing to join another grand coalition. That [...]

November 20, 2017 Loknath Das Business Comments Off on Markets rattled as German coalition talks collapse – business live

India’s retail inflation static at 3.28% in September

India’s retail inflation static at 3.28% in September

India’s annual retail inflation remained static in September with a marginal drop in the food prices, official data showed on Thursday. According to the data furnished by the Ministry of Statistics and Programme Implementation, September’s consumer price index (CPI) inflation remained static at 3.28% as compared to August. On a sequential basis, the country’s Consumer [...]

October 13, 2017 Loknath Das Business Comments Off on India’s retail inflation static at 3.28% in September

Sales accounted under GST could distort September quarter picture

Sales accounted under GST could distort September quarter picture

Investors are in for a surprise when the September quarter results are declared. This will be the first earnings season post-goods and services tax (GST) and differences in how sales will be recorded now are likely to distort reported growth figures. Companies have cautioned about this in their analyst meets and conference calls. Some may [...]

September 8, 2017 Loknath Das Business Comments Off on Sales accounted under GST could distort September quarter picture

Modi, Putin vow to boost cooperation in oil, natural gas sector

Modi, Putin vow to boost cooperation in oil, natural gas sector

Prime Minister Narendra Modi held talks with Russian President Vladimir Putin on Monday and discussed ways for boosting bilateral trade and investment, especially in the oil and natural gas sector. The two leaders met in this southeastern Chinese city on the sidelines of the BRICS Summit. “The two sides basically touched upon several aspects of [...]

September 8, 2017 Loknath Das Business Comments Off on Modi, Putin vow to boost cooperation in oil, natural gas sector

Ishaat Hussain retires from TCS board

Ishaat Hussain retires from TCS board

IT major Tata Consultancy Services (TCS) on Monday said its Director Ishaat Hussain has retired from the company’s board. Hussain had served as interim Chairman at TCS from November last year amid the boardroom battle between Tata Sons and Cyrus Mistry. In February this year, he was succeeded by TCS’ former CEO N Chandrasekaran taking [...]

September 8, 2017 Loknath Das Business Comments Off on Ishaat Hussain retires from TCS board

Sensex, Nifty snap three sessions of gains on Korea tensions

Sensex, Nifty snap three sessions of gains on Korea tensions

Shares in India snapped three sessions of gains on Monday as investors sought refuge in safe havens as tensions in the Korean peninsula escalated following North Korea’s sixth and most powerful nuclear test on Sunday. The Sensex fell 0.6% to 31,702.25, while the broader Nifty ended 0.62 % lower at 9,912.85. The NSE’s volatility index, [...]

September 8, 2017 Loknath Das Business Comments Off on Sensex, Nifty snap three sessions of gains on Korea tensions

India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

Indian state-run Oil and Natural Gas Corp plans to bid for Israeli offshore oil-and-gas exploration blocks, India’s oil minister told Reuters, the first major deal between the two countries since a groundbreaking trip by Prime Minister Narendra Modi in July. India and Israel have deep defence ties but Modi and his right wing ruling group [...]

September 8, 2017 Loknath Das Business Comments Off on India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

Tata Motors President and CTO Timothy Leverton quits, to move back to UK

Tata Motors President and CTO Timothy Leverton quits, to move back to UK

Tata Motors on Monday said its President and Chief Technology Officer (CTO) Timothy Leverton has resigned, after nearly seven years of association with the automaker. Leverton has decided to disengage from his services in the organisation as he wishes to relocate back to the UK for personal reasons, Tata Motors said in a statement. He [...]

September 8, 2017 Loknath Das Business Comments Off on Tata Motors President and CTO Timothy Leverton quits, to move back to UK