BUSINESS
'Post Covid world looks promising for India's food processing industry'
According to the report, the optimism for the industry emanates from projection of exponential growth in demand for processed food in rural areas and countries Tier 2/3 cities. Moreover, a lot of untapped potential remains to enhance India's export to the top 10 food importing countries of the world where the country at present has a limited presence.
India's consumer demand for gold to weaken in Apr-Jun: WGC
"The outlook for the coming quarter is cautious. As lockdowns are re-imposed in various regions of the country in response to rising COVID-19 cases, consumer confidence has dipped. This is likely to impact wedding demand in Q2 2021," it said.
Airtel Africa names Olusegun Ogunsanya as next MD & CEO
Airtel Africa plc has announced Olusegun Ogunsanya as its next MD and CEO. Ogunsanya who is currently the Managing Director and CEO of the company's Nigeria operations will succeed Raghunath Mandava, as the next MD and CEO of Airtel Africa with effect from October 1, 2021.
Most Indian corporates have protection against weakening rupee: Moody's
"These include natural hedges, where companies generate revenue in US dollars or have contracts priced in US dollars; some US dollar revenue and financial hedges; or a combination of these factors to help limit the strain on cash flow and leverage, even under a more severe deprecation scenario."
Byju's to raise $150M from UBS, to be valued at $16.5B
UBS Group AG, part of UBS Asset Management, will invest a total of around $300 million in Byju's, people familiar with the deal told IANS. The leading ed-tech company recently raised nearly $1 billion as part of its 'Series F' funding that included Baron Funds and Facebook co-founder Eduardo Saverin's B Capital Group.
Goldman Sachs commits $10mn to support India's fight against Covid
"Since the onset of the pandemic, our firm has been focused on how we can help communities around the world, including those where we live and work," said David M. Solomon, Chairman and Chief Executive Officer. "India is home to three Goldman Sachs offices and we have a responsibility to respond and provide our firm's support and assistance."
CCI nod for Tata Digital's acquisition of Big Basket
The proposed combination involves acquisition by Tata Digital Limited (TDL) of up to 64.3 per cent of the total share capital of SGS (on a fully diluted basis) through a combination of primary and secondary acquisitions, in one or more series of steps.
Restrictions on movement fine, but not total lockdown: TN MSME units
They also said the central government should waive off the bank interest so that the units which are recovering from last year's lockdown can now stablise. "With the learnings from last year's lockdown, all industrial units are following the Covid-19 safety protocols."
NISM, CRISIL launch certification for wealth managers
It will cover the entire lifecycle of wealth management, equipping participants with deep conceptual understanding, and ability to use that to serve clients effectively, and aims to build wealth management capacity at banks, NBFCs, mutual funds, brokerages and family wealth offices.
India Public Cloud end-user spending to reach $4.4B in 2021
"SaaS has been pivotal in supporting the sudden increase in the mobile workforce, as well as customers, in 2020. Learning from this, Indian CIOs will continue to build on the above trend as they move towards a composable business environment," said Sid Nag, research vice president at Gartner.
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