Becomes the new CEO of Porsche Saint
Amid a historic crisis in Germany’s auto industry, Porsche has a new chief executive. Michael Leiters took charge of the luxury carmaker on January 1, ending Oliver Blume’s controversial dual leadership as head of Porsche and parent Volkswagen Group, which Blume will continue to run. The appointment comes as the Stuttgart-based manufacturer faces a 10%…
Future Wealth launches $50 million
Future Wealth Investments, a Singapore-based investment firm with a multi-geographic focus in India, UAE and Singapore, has announced the launch of its first venture fund with a target fund of $50 million and a green shoe option of $10 million, taking the total potential fund size to $60 million. The fund focuses primarily on pre-seed…
Jubilant Foodworks will not back down
Jubilant Foodworks’ board on Monday did not renew its development rights for US-based coffee and donut brand Dunkin’, the company said in a stock exchange filing. Jubilant said it would close all Dunkin’ stores in the country on or before December 31. Jubilant Foodworks entered into a Multiple Unit Development Franchise Agreement (MUDFA) on February…
Latin America at a turning point
The US campaign to capture and oust Venezuelan President Nicolas Maduro from power in January put Latin America back in the spotlight. But the surprise intervention has not yet translated into major political or economic change in the region. Instead, a familiar, business-as-usual approach appears to be in play: modest growth; Economies linked to external…
Kuwait returns to Global D
Political gridlock kept the country out of the sovereign market for eight years. With a billion-dollar issue, it is back in play as oil price volatility strengthens the case for fiscal flexibility. Last September, Kuwait issued its first international sovereign deal since 2017, worth $11.25 billion, returning to global markets while sharpening the case for…
Best BS Opinion: Iran Confl
Hello, and welcome to Best of BS Opinion, our daily look at the opinion page of the day. With both the United States and Israel likely to pull out to save face after a month of conflict with Iran, the prospects for lasting peace in West Asia are looking increasingly distant, we say first editorial….
Former Chairman of Raymond Group
Industrialist and former Raymond Group chairman Vijaypat Singhania was cremated in Mumbai on Sunday. Singhania, who headed the company from 1980 to 2000, died on Saturday evening after a brief illness. He was 87 years old. His son Gautam, who currently heads Raymond, and Madhupathi led the funeral procession when the mortal remains of Padma…
PM Modi will inaugurate Semikund
Prime Minister Narendra Modi is set to inaugurate Kaynes Semicon’s OSAT facility in Sanand on March 31. The project was approved by the Union Cabinet on September 23, 2024 under the Semiconductor Mission of India. With an investment of ₹3,300 crore, this project will further strengthen the semiconductor ecosystem in Sanand. The Prime Minister emphasized…
Prime Minister inaugurates Noida Airport
Prime Minister Narendra Modi on Saturday inaugurated the Noida International Airport, saying the facility will serve as a major growth driver for western Uttar Pradesh while underscoring the government’s effort to expand aviation infrastructure, boost domestic maintenance capabilities and protect the economy from global disruptions. In an unconventional gesture, Modi asked people present at the…
Many ‘B teams’ tried
AIADMK general secretary Edappadi K Palaniswami on Saturday alleged that several “B teams” were formed and many tried to “break” the AIADMK by filing cases in court, but all that broke and broke into pieces. “Many internal problems have arisen in the party and now look where he (Panneerselvam) has gone,” Palaniswami said without naming…
