BUSINESS

Gautam Adani said Adani Group has been able to work well owing to improved credit rankings and its infrastructure projects. He said, “Because of these problems, many companies either could not survive or decided to exit the sector.” Hindustan Times - your fastest source for breaking news!
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2 years ago Read more at Hindustan Times

Paytm Payments Bank has decided to lay-off staff in certain divisions, sources say. The unit had 2,775 employees as of December 2023, data from information provider Tracxn shows. It was ordered by the Reserve Bank of India (RBI) at the end of January to stop accepting credit transactions or deposits across products such as savings accounts, prepaid cards and digital wallets by March 15. Employees are frustrated because the management has gone back on their word that nobody will be laid off.
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2 years ago Read more at News18

The lack of ROI progress can be attributed to several factors, including slow adoption, unrealized use cases and unaddressed cloud sprawl. This is exacerbated by the increasing challenges of platform scaling, skilling, cybersecurity and the explosion of data volumes. A hybrid by design approach intentionally structures your hybrid, multicloud IT estate to achieve key business priorities and maximize ROI.
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2 years ago Read more at IBM

The mining conglomerate had announced plans to demerge five of its key businesses into separate listed entities. There have been few updates on the demerger progress ever since it was announced in September 2023. The report further said it will be a challenge for Hindustan Zinc Ltd (HZL)
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2 years ago Read more at Business Today

Biopharmaceutical company Biocon Biologics will sell its Indian branded formulations businesses to Eris Lifesciences in a deal worth 12.42 billion rupees ($150 million) The deal includes the acquisition of insulin brands Basalog and Insugen which Eris said will help its diabetes treatment franchise reach 10 billion.The purchase of the branded business will also mark the pharmaceutical firm's entry into the oncology and critical care segments, Eris added.
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2 years ago Read more at The Economic Times

Biopharmaceutical company Biocon Biologics will sell its Indian branded formulations businesses to Eris Lifesciences in a deal worth Rs 1,242 crore ($150 million) The deal includes the acquisition of insulin brands Basalog and Insugen which Eris said will help its diabetes treatment franchise reach 10 billion rupees in revenue. The revenue in fiscal 2023 from the business that Biocon is selling accounted for 3.7 per cent of the Bengaluru-based company's consolidated
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2 years ago Read more at Deccan Herald

Deloris Frimpong Manso has slammed critics who have come up against her for interviewing Snapchat Influencer Dulcie Boateng. Showboy in a video shared on Instagram claimed that Delay who has earned a top spot as ‘Ghana’s Oprah Winfrey’ is losing her credibility by interviewing ‘low profile personalities’ on her show, The Delay Show.
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2 years ago Read more at 3news

Business Email Compromise (BEC) stands out for its cunning simplicity and potentially devastating impact. These cybercrimes, which manipulate businesses into unwittingly transferring funds or sensitive information, underscore the pressing need for robust protective measures. At its core, BEC fraud involves the use of deceptive emails masquerade as legitimate requests from high-ranking officials within the company or trusted external partners.
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2 years ago Read more at FinTech Global

Ghana South African Business Chamber raises concerns about how economic conditions in the country are having a dire impact on businesses and their operations. Grant Weber advised companies to adjust to the challenging season and their expenses to avoid being found wanting. The purpose of the Ghana-South Africa Business Chamber is to advance and strengthen investment, commerce, and cross-cultural exchanges between Ghana and South Africa.
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2 years ago Read more at GhanaWeb

The International Chamber of Commerce was commended for its role in bringing together key players, governments, and development partners to co-create sustainable solutions for African supply chains. The Summit acknowledged the threats posed by disruptions to supply chains and the importance of establishing supply chain networks to enhance food security and agricultural trade in Africa. In a nutshell, arbitration and mediation are crucial because they provide a faster, cheaper, and more flexible way to resolve disputes.
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2 years ago Read more at The Business & Financial Times