Tag: sky business news

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

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…

September 21, 2024 Taufan

Apple Vision Pro brings a new era of spatial computing to businessApple Vision Pro brings a new era of spatial computing to business

April 9, 2024 UPDATE Apple Vision Pro brings a new era of spatial computing to business Incredible new enterprise experiences leverage spatial computing to customize workspaces, collaborate on 3D designs, deliver specialized employee training, and guide remote fieldwork in entirely new ways For decades, Apple has worked to provide innovative products and services for businesses. Today, Apple products are used by all of the Fortune 500 companies in every industry around the world — iPhone and iPad are indispensable for businesses of all sizes, and Mac is preferred by employees when given the choice at work. Apple’s unique combination of…

July 26, 2024 Taufan

Chinese companies receive far more state support – making it harder for Western businesses to compete, data suggests | BusinessNewsChinese companies receive far more state support – making it harder for Western businesses to compete, data suggests | BusinessNews

Chinese manufacturers receive nine times more government support than their Western counterparts, according to calculations from the Organization for Economic Co-operation and Development (OECD) which helps explain the country’s complete dominance in so many sectors, from solar panels and batteries to steel. The figures produced by the OECD show that Chinese businesses benefit from government subsidies equivalent, on average, to 3.7% of their revenues. This compares to average state aid of only 0.4% of revenues for countries in the rich world. Money latest: Bitcoin suffers nightmare month The data is a critical part of the explanation for Chinese dominance in…

July 7, 2024 Taufan