Category: Business News

Business News

Suzlon to merge wholly-owned subsidiary, transfer project business in restructuring exercise

byTaufan
Suzlon Energy Ltd.’s board has approved the scheme of amalgamation involving the merger of Suzlon Global Services, a wholly-owned subsidiary with itself. The company also plans to transfer its project business on a slump sale basis to one or more wholly-owned subsidiaries of the company. Suzlon will also undertake a capital reorganization exercise through the Scheme of Arrangement by reclassification and transfer of general reserve to retained earnings of the company and also merge Suzlon Energy Ltd., Mauritius, another wholly-owned subsidiary with itself. The company said that there will be no change in the existing shareholding pattern of Suzlon post…
Business News

The Financial Times and OpenAI strike content licensing deal

byTaufan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter.The Financial Times has struck a deal with OpenAI to train artificial intelligence models on the publisher’s archived content, in the latest agreement between the Microsoft-backed start-up and a global news publisher. Under the terms of the deal, the FT will license its material to the ChatGPT maker to help develop generative AI technology that can create text, images and code undistinguishable from human creations. The agreement also allows ChatGPT to respond to questions with short summaries from FT articles,…
Business News

Ultimate Performance strikes deal with buyout firm Inflexion | BusinessNews

byTaufan
Ultimate Performance, an upmarket health and fitness platform, has struck a deal to fuel its expansion by selling a stake to Inflexion, the private equity firm. Sky News understands that the Manchester-based personal wellbeing business, which was founded in 2009, has agreed a transaction after weeks of talks. Ultimate Performance delivers personalized training and nutrition programs to its clients across 24 sites. Founded by Nick Mitchell, it employs 450 people, including 350 personal trainers, in the UK, US, Middle East, Asia and Australia. Money latest: My employer wants to pay me by the minute – what can I do? Inflexion,…
Business News

Telecom Tariffs In India At “Absurdly Low Level”: Airtel Top Boss

byTaufan
New Delhi: Tariffs in the Indian telecom industry are at an “absurdly low level” compared to other parts of the world, Bharti Airtel Managing Director Gopal Vittal said on Wednesday as he strongly advocated “tariff improvements” to lift return ratios. Mr Vittal, during Q4 earnings call of Airtel, further said he was glad to see Vodafone Idea’s recent capital raise, and asserted that India will be well served with three private players operating in the market. “The return that the industry really needs is predicated on tariff repair, this is really the heart of the problem that we have today,…
Business News

This business owner brought most of his manufacturing home from China — and feels punished for it

byTaufan
A Canadian company that manufactures children’s toy couches finds itself facing a stiff bill for import tariffs after bringing production home to this country. While Barumba Play is no longer importing a majority of its product, a single component of the couches has been reclassified by the Canada Border Services Agency and is no longer tariff-free. The company’s flagship product is a couch for children made of pieces that can be easily taken apart and reassembled for play. Sara Feldstein founded the company in Markham, Ont., in 2021 and initially produced the couches entirely in China. As the couches were…
Business News

Walmart to close 51 clinics as it shutters its entire Walmart Health division

byTaufan
Walmart will close all 51 of its doctor-staffed health clinics as part of an announcement that its Walmart Health initiative is shutting down. The clinics, in Arkansas, Florida, Georgia, Illinois and Texas, have been open just a few years. Walmart also said Tuesday it is winding down its virtual care option. Walmart pharmacies and vision centers will not be affected. Patients with scheduled appointments will continue to be seen, and Walmart will make efforts to direct patients to high-quality providers in their insurance networks to ensure they continue to get care, CNBC reported. The announcement is a swift reversal for…
Business News

Step-by-Step Guide to Domain Name Registration

byTaufan
Ever typed a web address and landed somewhere unexpected? It happens more than you think. This guide to domain name registration explains how to secure a name, set up the technical bits, and get your site reachable. In this guide you will learn the exact steps, common pitfalls to avoid, and how to map your domain name to popular platforms.Basic UnderstandingA domain name is the memorable label people type to reach your website. Behind it sits the Domain Name System, which translates that label into a server’s IP address. Registration reserves the label for a set term through…
Business News

Business is starting to think more about ROI than DEI

byTaufan
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this weekly newsletter.Several days ago, over the Martin Luther King Jr holiday weekend in the US, the big four accounting firm PwC announced that it would be dropping some of its diversity targets in the US. Race-based criteria would no longer be used for awarding scholarships or places on an internship program. It was odd timing for the announcement, perhaps, but it reflected a broader American trend. Since the Supreme Court’s decision last June to reverse affirmative action, many companies are rethinking…