Dr Lal PathLabs redesignates Group CFO Ved Prakash Goel as Group CFO & CEO
Goel brings his experiences from sectors including Manufacturing, Mines, Engineering, Infrastructure and Healthcare Services.
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US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market
The number of Americans applying for unemployment benefits fell by 7,000 to 227,000 last week, according to the Labor Department. The four-week average also dropped to 236,500. Despite rising interest rates and some signs of economic slowdown, the job market…
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Recovery via IBC up in June quarter at 31.12%
In absolute terms, the realisation for creditors from the resolution of 58 stressed firms during the June quarter touched Rs 3,935 crore, according to the Insolvency and Bankruptcy Board of India (IBBI) data. The cumulative recovery from the 1,005 resolved…
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New product-market mix may deliver the goods for India’s exports
Finding new items to sell overseas is crucial as muted global demand, geopolitical challenges and a drop in crude, commodities and metal prices dragged India’s goods export growth to an eight-month low in July, with outbound shipments contracting 1.47% to…
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US court fines Sterlite Tech $96 million in trade secrets case
A US court has awarded $96 million in damages to Prysmian Group after finding Sterlite Technologies (STL) guilty of illegally possessing Prysmian’s trade secrets. The verdict, delivered by a South Carolina jury, follows a three-year legal battle and includes a…
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Gautam Singhania sees great opportunity for Raymond and textiles industry in Bangladesh crisis
Gautam Singhania, Chairman & MD of Raymond, focused on the company’s strategic developments, including capacity expansion and debt eradication through selling the FMCG business. He shared insights on the post-COVID recovery, business demergers, and growth in real estate and textile…
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