Daily Management Review
Business & Finance

Tata's Air India To Secure Half Of The Jumbo Plane Order

According to industry sources, Air India will sign a half-order for 495 jets with Boeing and engine suppliers General Electric and CFM International on Friday, as its new owner seeks to revitalize the airline and compete with larger rivals.   Air India is set to place an order for 190 Boeing...

Scrutiny Of Adani Group To Be Increased By India Market Regulator

According to two sources familiar with the matter, India's market regulator has increased its scrutiny of Adani Group transactions in the last year and will study a report issued by short-seller Hindenburg Research to supplement its own ongoing preliminary investigation into the group's foreign...

Shell may withdraw from UK, Germany and the Netherlands businesses

The energy major Shell is thinking about getting out of the retail electricity industry in the Netherlands, Germany, and the United Kingdom. The business cited challenging market conditions as the cause. Shell made it clear that it has started to assess the three businesses' strategic direction....

Insolvent Crypto Lender Genesis Positive Of Resolving Its Conflicts With Creditors

The cryptocurrency lender Genesis Global Capital had some hope of resolving its conflicts with creditors by this week, with the aim of exiting Chapter 11 by late May, said a lawyer for the bankrupt firm.    The lawyer, Sean O'Neal, testified at an initial hearing in...

Reduce Lead And Cadmium Levels In Your Dark Chocolate, Consumer Reports Urges Chocolate Makers

Four companies that make chocolate were urged by non-profit organization Consumer Reports to agree to bring down the percentage of lead and cadmium that are found in the dark chocolate products that they manufacture. The organization has also set a timeline by Valentine's Day to adhere to the...

Gates Foundation invests in development of a methane-reducing feed additive for cows

The Bill Gates Foundation has invested in an Australian that is creating a feed additive that causes cows to release less methane into the environment. Australian business Rumin8 Pty. has received funding from Breakthrough Energy Ventures (BEV), an investment company formed by Bill Gates, the...

India ICICI Bank's Profit Increases 34% From October To December, While Yes Bank Reports An Unusual 80% Fall In Quarterly Profits

Backed by enhanced revenues and a good growth om loans disbursed, India's ICICI Bank reported a 34.2% rise in its net profit for the October-December quarter.   The net profit for the quarter was 83.12 billion Indian rupees ($1.03 billion), compared to 61.94...

Nokia signs new agreement with Samsung on 5G patents

Nokia and Samsung recently struck a new agreement with regard to the continued use of patents in the 5G area. According to a press release from Nokia, the Finnish manufacturer of telecommunications equipment has reached an agreement with the South Korean company Samsung on the continued use of...

Bayer to buy UK artificial intelligence company

Blackford Analysis Ltd., a British company that uses medical imagery to aid in disease diagnosis, has agreed to be acquired by Bayer. Bayer hopes to grow its radiology business by doing this. The agreement, according to Bayer, is a part of a plan to increase the digital analysis of medical pictures...

FTX Reports $415 Million In Hacked Cryptocurrency, And Bankman-Fried Claims FTX US Is Solvent

In a recent report to its creditors, bankrupt cryptocurrency exchange FTX stated that approximately $415 million in cryptocurrency had been stolen in hacks.   FTX reported that it had recovered more than $5 billion in cryptocurrency, cash, and liquid securities, but that significant...
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