Mint Business News - Official Channel

2023-04-22 10:06:32 Billionaire businessman Anil Agarwal-owned #Vedanta, the promoter of Hindustan Zinc Ltd, has pledged 2.44% more shares of the latter as collateral to avail a term loan of ₹1,500 crore.

https://www.livemint.com/companies/news/vedanta-pledges-more-shares-of-hindustan-zinc-as-collateral-for-term-loan-stake-rises-to-91-35-market-cap-at-inr-1-38-tn-11682007973914.html Open / Comment

2023-04-22 07:44:08 #Deloitte intends to reduce its workforce in the US by approximately 1,200 jobs, which amounts to around 1.4% of its total employees in the country. #Layoffs2023

Read here: https://www.livemint.com/news/world/deloitte-responds-to-consulting-business-slowdown-with-1-200-job-cuts-in-us-11682124212925.html Open / Comment

2023-04-22 06:56:53 The pay package awarded to #Alphabet CEO #SundarPichai soared to $226 million in 2022, boosted by a triennial stock award valued at $218 million, dwarfing the compensation of many Silicon Valley peers.

Read here: https://www.livemint.com/companies/people/sundar-pichai-alphabet-ceo-salary-in-2022-soars-to-226-million-on-massive-stock-award-11682124004624.html Open / Comment

2023-04-21 12:39:10 British Deputy Prime Minister #DominicRaab resigned from the government on Friday following an independent investigation into complaints that he bullied colleagues, the latest scandal to force out one of Prime Minister #RishiSunak's top ministers.



Read here: https://www.livemint.com/news/uk-deputy-pm-dominic-raab-resigns-probe-bullying-allegations-dangerous-precedent-11682067682231.html Open / Comment

2023-04-21 11:48:19 #China's property industry was flung into crisis in the middle of 2021 as companies such as #Evergrande struggled to meet stringent government limits on debt levels while also continuing to build homes and pay creditors, both those in China and overseas.

https://www.livemint.com/industry/infrastructure/as-china-fixes-its-property-mess-can-foreign-capitalists-benefit-11682064070545.html Open / Comment

2023-04-21 08:58:02 The #BJP has so far not taken an official stand on the issue of caste census, a demand first raised by regional parties like the #RJD and the #JDU and then supported by most other opposition parties.

https://www.livemint.com/news/india/opposition-parties-caste-census-demand-2024-general-elections-50-reservation-cap-bjp-congress-bihar-cm-nitish-kumar-11682047928090.html Open / Comment

2023-04-21 08:43:34 The #SupremeCourt had previously refused to entertain a public interest litigation challenging the provisions of the #SpecialMarriageAct requiring publication of couples' details 30 days before the intended marriage in the public domain.



Read here: https://www.livemint.com/news/india/supreme-court-30-day-notice-before-special-marriage-invasion-of-privacy-same-sex-marriage-cji-chandrachud-11682048160205.html Open / Comment

2023-04-21 07:34:29 Earlier this month, #RBI kept the repo rate unexpectedly steady at 6.5% following six consecutive rate hikes since May last year.

Read here: https://www.livemint.com/news/india/rbi-warns-against-excessive-tightening-of-interest-rates-cautioning-it-could-lead-to-a-sharp-slowdown-in-economic-growth-rbi-monetarypolicy-11682015116101.html Open / Comment

2023-04-21 07:08:47 Last month, #Karnataka amended its labour laws governing factories, allowing manufacturers to increase shift hours to 12 hours from the present nine.

https://www.livemint.com/news/india/apples-indian-expansion-to-prompt-changes-in-labor-laws-11682015536507.html Open / Comment

2023-04-20 20:30:32 In a memo sent to staff, co-founder and CEO #JonahPeretti said in addition to the news division, layoffs would take place in its #business, #content, #tech and administrative teams. #BuzzFeed is also considering making job cuts in international markets

Read here: https://www.livemint.com/companies/news/buzzfeed-to-close-news-division-cut-15-of-all-staff-11682010416996.html Open / Comment