Monday 17th June 2019,
Radio Metta

business

Business and pleasure – How Russian oil giant Rosneft uses its corporate jets

Business and pleasure – How Russian oil giant Rosneft uses its corporate jets

Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or people from his social circle were in the same vacation spots. Using publicly available data, Reuters tracked 290 Rosneft flights between January, 2015 and May, 2019. Of those round trips, 96 took place during Russian public holidays or between Friday lunchtime in Moscow and [...]

June 15, 2019 Loknath Das Business Comments Off on Business and pleasure – How Russian oil giant Rosneft uses its corporate jets

Vedanta to challenge winding up of Zambian business in court

Vedanta to challenge winding up of Zambian business in court

LUSAKA: Vedanta Resources on Tuesday plans to challenge the appointment of a provisional liquidator and the intended winding up of its Zambian business without the chance to be heard through lawyers of its choice, documents filed in court show. According to a notice filed in court on June 6, Vedanta wants to be represented by lawyers Nchito [...]

June 12, 2019 Loknath Das Business Comments Off on Vedanta to challenge winding up of Zambian business in court

Jeff Bezos Shares His Best Advice for Anyone Starting a Business

Jeff Bezos Shares His Best Advice for Anyone Starting a Business

Jeff Bezos has a message for budding entrepreneurs: be ready to take big risks and fail. Bezos delivered that message at Amazon’s re:Mars conference on Thursday in Las Vegas, after he was asked what advice he would give to anyone looking to start their own business. “Take risk. You have to be willing to take [...]

June 8, 2019 Loknath Das Business Comments Off on Jeff Bezos Shares His Best Advice for Anyone Starting a Business

Business author Julian Guthrie on the biggest difference between ‘alpha’ men and women

Business author Julian Guthrie on the biggest difference between ‘alpha’ men and women

If you’ve been out and about in Silicon Valley in the last month or so, chances are you’ve heard of “Alpha Girls,” a new book written by journalist Julian Guthrie about four investors who’ve made a big impact on the world of startup investing. The book recognizes them — Theresia Gouw, MJ Elmore, Sonja Hoel [...]

May 25, 2019 Loknath Das Business Comments Off on Business author Julian Guthrie on the biggest difference between ‘alpha’ men and women

Real Estate business is doing well: Adi Godrej; Godrej Group

Real Estate business is doing well: Adi Godrej; Godrej Group

Adi Godrej, Chairman, Godrej Group, talks about the fourth quarter results of the company, expectation from election results and its acquisition plans during an interview with Anurag Shah, Zee Business. Excerpts: Q: What can be the reason behind the decline in your chemical and crop protection business? And, what is your take on the overall [...]

May 14, 2019 Loknath Das Real Estate Comments Off on Real Estate business is doing well: Adi Godrej; Godrej Group

Intel is trying to sell its smartphone-modem business

Intel is trying to sell its smartphone-modem business

Intel is looking to sell its smartphone-modem business, now that it’s officially out of the race for 5G chipsets, The Wall Street Journal reports. In fact, Apple considered acquiring part of Intel’s modem ventures in talks that began last summer, but that deal stopped short just as Apple and Qualcomm reached a settlement in a contentious patent-royalty legal dispute. [...]

April 28, 2019 Loknath Das Business Comments Off on Intel is trying to sell its smartphone-modem business

ITC’s hospitality forays – the less talked about business interest of tobacco/FMCG giant

ITC’s hospitality forays – the less talked about business interest of tobacco/FMCG giant

Hotel Leelaventure’s Rs 3,950 crore asset sale to Canada’s Brookfield Asset Management has run into a roadblock with the Securities and Exchange Board of India (SEBI) putting the transaction on hold after a complaint by minority shareholder ITC. The tobacco giant, which owns 7.9 percent in Hotel Leela, has alleged that rules on valuation and related-party [...]

April 26, 2019 Loknath Das Business Comments Off on ITC’s hospitality forays – the less talked about business interest of tobacco/FMCG giant

Amazon plans to close Chinese marketplace business, focus more on India

Amazon plans to close Chinese marketplace business, focus more on India

Singapore/Seattle: In a rare retreat for Amazon.com Inc., the e-commerce giant plans to shut down its Chinese marketplace business in July as it shifts its focus to offering mainland consumers overseas products rather than goods from local sellers. Amazon will keep running its other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations [...]

April 21, 2019 Loknath Das Business Comments Off on Amazon plans to close Chinese marketplace business, focus more on India

Jio’s fibre business raising Rs 27,000-crore loan

Jio’s fibre business raising Rs 27,000-crore loan

MUMBAI: Reliance Jio Infocomm’s fibre network unit is raising about Rs 27,000 crore in syndicated loans from a group of banks, three executives aware of the financing plans told ET, as the newly created infrastructure business expands to meet expected demand for its assets from sectors such as power besides telecom and internet services providers. Lenders in [...]

April 16, 2019 Loknath Das Business Comments Off on Jio’s fibre business raising Rs 27,000-crore loan

Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Tata MotorsNSE 2.17 % Saturday said it has sold its stake in subsidiary TAL Manufacturing Solutions Limited to sister concern TASL for Rs 625 crore for the aerospace business. Tata Motors also said that it has acquired non-aerospace business from TAL Manufacturing Solutions Limited (TAL) for Rs 10 lakh. “…we would like to inform that the Company has [...]

March 31, 2019 Loknath Das Business Comments Off on Tata Motors arm transfers defence business worth Rs 625 crore to TASL

Adventurous business practices can hurt companies: New India Assurance CMD Atul Sahai

Adventurous business practices can hurt companies: New India Assurance CMD Atul Sahai

One thing clear is that you want to write good business. I am not going to focus on topline and ignore the bottomline. We want to be selective but having said that there have been challenges in the motor insurance business. We have run into some huge challenges. We are devising ways to tackle the challenges. There [...]

March 27, 2019 Loknath Das Business Comments Off on Adventurous business practices can hurt companies: New India Assurance CMD Atul Sahai

‘No Brexit with no-deal’ – NI business

‘No Brexit with no-deal’ – NI business

Some of NI’s largest businesses have written to MPs urging them not to let the UK leave the EU without a deal. They say that no-deal would “result in significant damage to our export markets, supply chains, consumer spending power and the region’s competitiveness”. The letter has been organised by the employers organisation, the CBI. The [...]

March 11, 2019 Loknath Das Business Comments Off on ‘No Brexit with no-deal’ – NI business