Zee to slash workforce by 15% in overhaul
The layoffs are expected to affect approximately 500 employees, of the total 3,437 permanent staff. The announcement comes within days of Goenka’s decision to take a voluntary pay cut of
Economy
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Slovakia wins EU nod for $289 million aid to Volvo’s EV plant
BRUSSELS (Reuters) – Slovakia on Monday secured EU regulators’ approval to grant 267 million euros ($289 million) in state aid to Volvo (OTC:VLVLY) Car’s plant that aims to produce about
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Samsung Elec shares offered in $330 million block sale, term sheet shows
By Scott Murdoch and Joyce Lee SEOUL (Reuters) – About 5.25 million shares in Samsung Electronics (KS:005930) are being offered in a block deal worth up to $330 million, according
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Stock Market
Brazil judge opens inquiry into Musk for obstruction involving social media company X
BRASILIA (Reuters) – Brazilian Supreme Court Justice Alexandre de Moraes on Sunday opened an inquiry into Elon Musk for obstruction of justice involving social media company X, according to a
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India’s fuel demand up around 5% in FY24, at a record high driven by auto fuel and naphtha sales
India witnessed a slight dip in fuel consumption, falling by 0.6 percent year-on-year (YoY) in March. However, fuel demand for FY24 surged by about 5 percent, primarily led by increased
Commodities
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Despite $90 crude, US oil output capped by weak natgas prices
By Liz Hampton (Reuters) – U.S. crude oil prices last week climbed to their highest this year, but a weak natural gas market, steeper costs and a focus on shareholder returns over new production
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Guyana gas-to-power project to shave weeks off oil output, hit revenue
By Sabrina Valle GEORGETOWN (Reuters) – Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation’s energy costs have snagged on construction
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Badminton: Sindhu and men’s singles contingent face tricky tests at Asia C’ships, Paris Olympics spot at stake for Ashwini-Tanisha
After nearly a year of plotting, fretting, overcoming hurdles, and turning around slumps, shuttlers from around the world will know by the end of this week who makes the cut
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Ravindra Jadeja turns up with three wickets at Chepauk to nick a low-scoring win for CSK against KKR
Kolkata were threatening to run away with it after a massive powerplay with 56 runs, before the wily left-arm tweaker put the brakes to help restrict visitors to 137/9. SYNOPSIS:
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CSK vs KKR: Daryl Mitchell needs to start firing in the middle order against spinners, that’s why Chennai spent the big bucks
With Ambati Rayudu not around, the Kiwi was in high demand for his power-hitting prowess against tweakers in middle overs As Daryl Mitchell takes his seat with a filter coffee