Syngenta plans cuts affecting 1,800 jobs to reduce costs

Syngenta plans cuts affecting 1,800 jobs to reduce costs

The job cuts are intended to boost profitability after it fell behind rivals due to currency shifts and issues with corn-seed operations eroded earnings
The Chennai Angels invests in Velvetcase.com

The Chennai Angels invests in Velvetcase.com

The value of the investment is approximately Rs.6 crore, according Velvetcase.com
Amazon India more than doubles authorized share capital in Nov

Amazon India more than doubles authorized share capital in Nov

Move indicate that company’s US parent will continue to invest aggressively in India and is unlikely to be deterred by pressure from investors to cut spending
Xiaomi to invest in Indian start-ups; launches Redmi Note

Xiaomi to invest in Indian start-ups; launches Redmi Note

The company is scouting for opportunities in Bangalore and Delhi-NCR as it looks to add new features and services to its products
Jindal Steel shelves $10 bn project after coal setback

Jindal Steel shelves $10 bn project after coal setback

Naveen Jindal said it seemed govt was not keen to support his plan to convert low-quality coal to 80,000 barrels per day of diesel
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Essar Steel raises $1 billion via export securitization
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Essar Steel raises $1 billion via export securitization

The company had earlier raised $1 billion through external commercial borrowing route
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OMAK plans to use the funds to grow its business across South Asia via strategic partnerships as well as add new features to its existing range of solutions
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JSW Steel says waiting to hear from Lucchini on bid

The company said it has submitted a binding bid for takeover and is yet to get a response from Lucchini
RIL starts crude, fuel trading in Singapore
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RIL starts crude, fuel trading in Singapore

Singapore unit has joined the trade ministry’s Global Traders Programme, which offers lower tax rates to businesses that set up trading operations
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