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Microsoft Layoffs: Xbox CEO Asha Sharma acknowledges 'business is not healthy', flags weak margins amid 3200 job cuts
Announcing the overhaul in a message to employees on Monday, Xbox Chief Executive Officer Asha Sharma acknowledged the challenges facing the division. She said the restructuring is aimed at simplifying Xbox's operations and redirecting resources towards larger projects.
RITES bags $36 million locomotive supply order from South Africa's Volantis Asset Finance
Shares of RITES Ltd ended at ₹216.20, down by ₹1.90, or 0.87%, on the BSE.
El Nino Could Hit India's Energy System Hardest, CREA Report Warns
CREA warned heatwaves and weak monsoon could strain India's power grid during El Nino.
Ather Energy Is said to plan $200 million India share sale - livemint.com
Ather Energy Is said to plan $200 million India share salelivemint.com
Indian Stock Markets Rise As Green Energy Stocks Deliver Mixed Performance On July 6 - SolarQuarter
Indian Stock Markets Rise As Green Energy Stocks Deliver Mixed Performance On July 6SolarQuarter
EL Nino to hit India's energy system harder than anywhere else in world: CREA report
India's energy system faces a significant El Nino impact, with reduced renewable power generation and increased demand for air conditioning. A CREA analysis predicts a potential 18 TWh generation gap, likely leading to a surge in coal-fired power and substantial CO2 emissions. The report stresses the urgency of accelerating solar and battery deployment to bolster grid resilience against extreme weather.
Oil prices could slip below $60 if China holds back on buying, says energy expert
Global oil supplies are expected to outpace demand in the second half of the year, increasing the risk of lower crude prices. One energy expert says prices could briefly fall below $60 a barrel if China delays replenishing its strategic oil reserves, though he expects Beijing to step in if prices drop too far.
Jindal Stainless appoints former Adani Energy executive Kunjal Mehta as CFO
Jindal Stainless, India's leading stainless steel maker, has appointed Kunjal Mehta, formerly of Adani Energy Solutions, as its new Chief Financial Officer, effective June 25. Mehta, a seasoned finance professional with extensive experience in corporate finance and value creation, is expected to bolster the company's financial strength and growth. Jindal Stainless is currently expanding its production capacity and global reach.
60% Israelis See 'Genuine Risk' Of Country Plunging Into Civil War, Finds Survey
The poll was conducted after the former Israeli Supreme Court President Aharon Barak warned that Israel was "an instant away from a civil war".
TPG acquires Aseem Infrastructure from NIIF with GIC, ICICI backing
Global private equity firm TPG is acquiring a full stake in Aseem Infrastructure Finance, a leading sustainable infrastructure debt financier. Partnering with Singapore's GIC and ICICI Bank, TPG's climate investing platform will take over the company, which has funded significant renewable energy and power transmission projects. Aseem Infrastructure, founded by NIIF, has disbursed over Rs 40,000 crore in loans, contributing to substantial greenhouse gas emission reductions.
TPG, GIC and ICICI Bank acquire Aseem Infrastructure Finance for ₹5,000 crore
Aseem is a leading sustainable infrastructure debt financier with a core focus on renewable energy, power transmission and other infrastructure assets in India. It was established in 2020 by the National Investment and Infrastructure Fund, India’s sovereign-anchored alternative asset manager.
Top Gainers & Losers on 6 July: Swan Corp, Zen Tech, HFCL, HDFC Bank, Thermax, Hitachi Energy among top gainers
Indian stock markets rose on July 6, with benchmark indices gaining over 0.60%. The Nifty 50 closed 0.66% higher at 24,420, while Sensex advanced 0.67% to 78,236. HDFC Bank and Axis Bank drove gains, while Nifty Realty led sectoral increases with a 2% rise.