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Vodafone Idea Ltd’s board approved raising another ₹20,000 crore through a further public offering (FPO), private placement, or other permissible mode to stay afloat, it said in an exchange filing on 30 May after reporting losses for another quarter amid never-ending financial troubles. India’s third-largest telecom operator said it was confident of gaining government…
Indonesia is urging companies to remove age limits in job ads, reflecting growing regulatory scrutiny of discriminatory labor practices in Southeast Asia’s largest economy. The Ministry of Manpower issued a circular signed on May 28 directing both domestic and foreign employers to eliminate age restrictions in recruitment efforts, including those targeting people with disabilities. Exceptions…
The UK will create an “always on” munitions production capacity to allow it to scale-up its defense industry when needed, as it increasingly shifts to a war footing with Russia’s assault on Ukraine showing little sign of ending. Prime Minister Keir Starmer’s government will invest £1.5 billion to build six munitions factories, designed to bolster…
(Bloomberg) — European Central Bank policymakers are prepared to keep working with their colleague Peter Kazimir despite his conviction for bribery this week, according to people familiar with their thinking. While officials consider the guilty verdict unpleasant and are mindful of the reputational damage it could bring for the ECB, they want to see the…
(Bloomberg) — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Builder.ai, the artificial intelligence startup that recently announced plans to declare bankruptcy, faked business with the Indian social-media startup VerSe Innovation for years to falsely inflate its sales, according to documents reviewed by Bloomberg…
(Bloomberg) — Investors are so eager to buy the riskiest bank debt that they’re snatching up securities even from unproven borrowers. A UK bank rescued from collapse less than two years ago, a lender to small businesses and an online loan provider are among a swathe of firms selling their first Additional Tier 1…
Mining major Vedanta’s Founder and Executive Chairman, Anil Agarwal, in a social media post, shared some key pointers for young startup founders. warning them about how to navigate the tough road to make a business successful. In the post on platform X, Anil Agarwal emphasised that for startup founders in the early years, life can…
Dividend Stocks: Shares of major firms, including Larsen & Toubro, Tata Motors, Tata Steel, Tata Consultancy Services (TCS), INOX India, Bank of Baroda, Container Corporation of India, are among others that will trade ex-dividend in the week starting Monday, 2 June 2025. Also Read | Gold price outlook: Will yellow metal rise amid dollar-driven volatility?…
(Bloomberg) — The families behind parts of Germany’s Aldi empire of discount supermarkets have held talks about a possible merger, WirtschaftsWoche reported on Saturday. The discussions between the Heister family, which owns Aldi Sued, and two strands of the Albrecht family, which owns Aldi Nord, have been going on for several weeks, the magazine said,…
Salasar Techno Engineering announced its Janaury to March quarter results on Friday, 30 May 2025. The company incurred a net loss of ₹5.23 crore in the fourth quarter of the financial year 2024-25. In the previous year same quarter, the firm made a net profit of ₹16.97 crore, according to the consolidated financial statements. According…