Author: Sourabh Goyal

Bisleri International, the renowned bottled water brand, will remain under the control of founder Ramesh Chauhan’s family after Tata Consumer Products Ltd (TCPL) withdrew from negotiations to acquire the company. According to a report by The Economic Times, Jayanti Chauhan, the daughter of Ramesh Chauhan, will lead the company alongside the existing professional management team headed by CEO Angelo George. TCPL had previously agreed to acquire the Bisleri brand for an estimated Rs 7,000 crore. However, the deal fell through due to “indecisiveness.” Despite the company’s attempts to reassure Ramesh Chauhan that Bisleri’s legacy would be preserved under the Tata…

The upcoming financial policy meeting of the US Federal Reserve and the inflows from Foreign Institutional Investors (FIIs) are currently the main topics of interest. The Sensex and Nifty indices have taken a breather following a sharp rebound in global markets, as investors hope for some relief from recent turmoil in the global banking sector. On Friday, the Sensex rose by 355.06 points or 0.62 percent to settle at 57,989.90, while the Nifty gained 114.45 points or 0.67 percent to end at 17,100.05. However, fresh market cues are expected next week as the US Federal Reserve prepares to announce its…

Credit Suisse, a systemically significant bank in Switzerland and worldwide, is facing significant challenges, including daily outflows of up to $10 billion and concerns of potential insolvency if not resolved quickly. In response, UBS is in talks to take over Credit Suisse as part of an effort by Swiss and global authorities to restore trust in the banking system. Regulators have even offered to waive customary shareholder votes to expedite the sale. However, a potential merger between the two banks may come with supplementary supervision and capital fees, as well as significant job cuts that could go beyond the 9,000…