India generates 25,940 tonnes of plastic waste per day, according to a 2019 study by Central Pollution Control Board (CPCB). Plastic pollution has always been the cause of growing concern, particularly the pollution of soil and oceans. Studies show that nearly 50% of...
Cash-strapped Kishore Biyani offered to sell a significant stake in his crown jewel Future Retail, as the retail giant tries to pare its debt levels. Future Group is also considering demerging the food business of Future Retail into an independent entity. Future...
Large pharmaceutical companies have used M&A to bolster their innovation for a long time, and that isn’t likely to change any time soon. Most of the big names in the pharma industry are results of such mergers. In a recent example, AstraZeneca approached rival...
Moody’s Investor Service, on Monday, reduced India’s long-term foreign-currency Credit rating to Baa3 from Baa2. Baa3 is the lowest investment grade – just one tiny notch above ‘junk’. The Credit rating agency surprised economists by keeping India on its negative...
Virgin Airlines collapsed on April 21, putting over 16,000 jobs under threat. The cash-strapped carrier announced it had entered “voluntary administration” to rehabilitate the business after being battered by the pandemic, which has crippled the global airline...
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