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Subscribe to enjoy similar stories. For the world’s carmakers, the inexorable rise of Chinese electric vehicle-maker BYD and its local rivals in recent years has been a brutal lesson in disruptive innovation. China, a market that was once core to their global growth plans, has become a wasteland for their petrol-powered lineups as electric vehicles (EVs) grew from 6.2% of sales in 2020 to 45% last year.

Subscribe to enjoy similar stories. Walgreens’s almost centurylong run as a public company is coming to an end. The embattled drugstore chain has struck a deal to be taken private by Sycamore Partners in one of the biggest leveraged buyouts in recent memory.

Subscribe to enjoy similar stories. A real estate investment trust sponsored by asset manager Blackstone Group and Bengaluru developer Sattva Group filed its draft papers with the market regulator for an initial public offering (IPO) to raise around ₹7,000 crore. The Knowledge Realty Trust has a portfolio of 30 Grade A office assets across 48 million sq.

Subscribe to enjoy similar stories. New Delhi: Critical mineral refining and processing company Lohum is looking to raise about $200 million from private equity funds, as it readies to launch an initial public offering (IPO) in early 2027, its founder and chief executive officer (CEO) Rajat Verma said. “Growth will come from capacity expansion.

President Trump plans to host cryptocurrency executives at the White House on Friday, a crypto summit that could offer new insight into the administration’s agenda regarding digital assets.

Quess Corp will list its two new entities Bluspring Enterprises and Digitide Solutions in two months, the company founder-chairman Ajit Isaac told ET on Thursday. The Bengaluru-headquartered company with diverse businesses is moving swiftly to cement the independent identities of new firms. “We are among the few companies that have been on course on the demerger scheme,” Isaac said. The company began the process of demerger two years ago which helped it plan the leadership and governance structures well in advance. The two new companies are a result of the deployment of capital raised through an IPO about eight years ago. “This is a proof of our capital allocation strategy,” he added.

White House Crypto Summit on March 7. Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday. Crypto has enjoyed a renewed momentum following his return to the White House in November. The US crypto community rallied behind Trump's campaign, contributing millions of dollars towards his victory over Joe Biden, whose administration tightened regulations and expressed skepticism toward digital currencies. Now, they're seeing their support pay dividends. Trump has waded into the space personally as well, partnering with exchange platform World Liberty Financial and launching his own «Trump» memecoin in January as his wife Melania did the same — moves that have prompted conflict of interest accusations.

At an event hosted by female-focused charity One Loud Voice on Tuesday 4 March ahead of International Women's Day, a panel including Octopus Money CEO Ruth Handcock, Consumer Duty Alliance CEO Keith Richards, Law Debenture CEO David Jackson and FTSE Women Leaders Review CEO Vivienne Artz, and chaired by presenter Luisa Baldini, broke down the systemic barriers for women adopting leadership roles. Handcock said that the overall systemic problem is that there are «so many adjustments that need to be made». A broken machine that ‘needs to be built by someone different' «I think of gend...

US economy and rumors of a possible recession, Goldman Sachs CEO David Solomon provided some reassurance with a straightforward yet effective answer, as per a report.

Subscribe to enjoy similar stories. Nestlé, the world's largest coffee company, has launched a Nespresso boutique in Delhi's Nexus CityWalk mall, targeting India's affluent consumers. The boutique offers Nespresso coffee machines, priced from ₹16,500, and coffee pods.

foundit (formerly Monster APAC and ME), Asia's jobs and talent platform. There has been 41 per cent growth in hiring in February 2025 compared to a year ago, driven by the fresher job market which maintained steady growth, according to the report. Among sectors, IT — Hardware and Software continued to lead fresher hiring, nearly doubling its share from 17 per cent in 2024 to 34 per cent in 2025, the report said. «The shift towards skill-based hiring is undeniable. Employers are increasingly prioritising candidates with practical expertise and industry-relevant skills,» foundit CEO V Suresh stated. The foundit Insights Tracker (fit) is a comprehensive monthly analysis of online job posting activity on foundit.in platform.

MapMyCrop said on Thursday it has raised Rs 15.7 crore ($1.8 million) in seed funding led by YourNest Venture Capital, with participation from angel investors including Eaglewings Ventures. The New York-headquartered company plans to use the investment to expand operations, fulfill pilot orders, strengthen its sales and operations teams, and advance its platform technology, it said in a statement. MapMyCrop utilises satellite imagery and artificial intelligence to provide crop monitoring services that help farmers track crops, predict yields and optimise supply chains.

In its annual results published today (6 March), the asset manager said this was supported by the absence of restructuring costs. Meanwhile, the firm's operating profit was down 3% from £661m in 2023 to £640.5m last year following the impact of higher operating expenses, lower performance fees and reduced returns from its joint ventures. Schroders names Oliver Gregson as wealth management CEO The fall in returns from Schroders' joint ventures and associates – which declined from £51.1m in 2023 to £47.6m a year later – was mainly due to lower profits from the investment manager...

Greg Foran will step down in October 2025 after five years leading the airline through a turbulent period marked by the COVID-19 pandemic, global supply chain disruptions, and ongoing engine maintenance challenges. The airline has started the search for his replacement. Foran, a former Walmart executive, joined Air New Zealand just before the COVID-19 pandemic began. He steered the company through border closures, component shortages, and the grounding of aircraft. He also oversaw a retrofit programme for the airline’s Dreamliner fleet, which is expected to be completed by end 2025. Foran’s departure comes as the airline grapples with a complex operating environment, including intense competition from Australian rivals Qantas Airways and Virgin Australia, and the impact of New Zealand's relatively small domestic market. The airline's recent financial performance reflects these challenges, with an 18% drop in first-half profit reported in February 2025.

Andy Jassy is restructuring the company’s hierarchy to reduce layers of middle management and give employees more responsibility. In an interview with Bloomberg, Jassy highlighted concerns about excessive managerial layers slowing down decision-making. “You add a lot of people and you end up with a lot of middle managers. And those middle managers, all well-intended, want to put their fingerprint on everything,” Jassy said.

The reduction in the headcount, aimed at driving efficiency, will affect staff at Adidas's headquarters in Herzogenaurach and will progress on a voluntary basis, CEO Bjorn Gulden told reporters. Gulden took the reins at the sports outfitter in 2023 in the wake of its damaging split with West — who now goes by Ye — over anti-Semitic remarks by the rapper.

Nvidia CEO Jensen Huang has a piece of advice that he believes could benefit nearly everyone: Get an AI tutor. Nvidia co-founder recently revealed he always has an AI personal tutor with him and has also advised others to opt for it to be able to use AI tools more effectively. “I have a personal [artificial intelligence] tutor with me all of the time. And I think that feeling should be universal,” Huang said in an interview on journalist Cleo Abram’s YouTube show, Huge Conversations, in an episode that aired last month. «That AI tutor can just teach you things, anything you like, help you program, help you write, help you analyze, help you think, help you reason,» he said.

shipping executives gathered this week in Long Beach, California, for a major annual conference, expecting to discuss market trends and supply chain challenges. Instead, they found themselves in crisis mode. On Tuesday, President Donald Trump upended decades of mostly free trade with the two biggest US trading partners, slapping 25% tariffs on goods from Mexico and Canada. The White House also layered another 10% duty on China on top of an identical hike a month before.

digital ecosystem, said Unique Identification Authority of India Director S M D Jeelani here on Wednesday. Jeelani inaugurated Bengaluru-based forensics-driven cybersecurity company SISA's Cybersecurity Centre of Excellence Lab at Dayananda Sagar University (DSU). «The lab is a step in the right direction-a critical step in shaping a new generation of cyber leaders who can play a key role and offer out-of-the-box thinking and expertise to protect our digital ecosystem,» said Jeelani.

Tata Electronics will set up a display chip manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday.

Bandhan Mutual Fund has announced the launch of the Bandhan CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended Constant Maturity index fund designed to provide investors with a structured short-term fixed-income investment opportunity. The new fund offer or NFO of the scheme will open for subscription on March 6 and will close on March 11. Also Read | NFO Insight: Samco Large Cap Fund opens for subscription. Are largecaps best now?