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It’s beginning to look a lot like the end of the Vijay Mallya era. The lifetime chairman of Kingfisher could be getting fired by the Board. In this episode of news explained, we are going to break down how Mallya might get ousted from power from the company he founded. Heineken owns nearly 62 per cent of Kingfisher and United Breweries. In an annual general meeting set to happen on July 29, the board will discuss nixing a crucial provision regarding the rights and privileges of Mallya as chairman and it will also consider firing another prominent executive and close associate of Mallya, AK Ravi Nedungadi.
It’s beginning to look a lot like the end of the Vijay Mallya era. The lifetime chairman of Kingfisher is getting fired by the Board. In this episode of news explained, we are going to break down how Mallya got legally ousted from power from the company he founded. Heineken owns nearly 62 per cent of Kingfisher and United Breweries. In an annual general meeting that happened on July 29, the board discussed the removal of Mallya, along with a close associate AK Ravi Nedungadi.
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The lockdowns in different states have eased and business resumption is catching up to speed. It's time to take a look at how the economy is doing and devise preventative measures against the Covid third wave. According to Nomura, business resumption is racing towards levels seen during the pre-second Covid wave.
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The National Restaurant Association of India has approached the Competition Commission of India to resolve issues with the food aggregators. The apex body of Indian restaurateurs said that they wanted to show how "they have been affected by the inherently anti-competitive practices of Zomato & Swiggy".
What are the issues?
The Olympic Games will take place on July 23, 2021. This sporting event was scheduled to be conducted in 2020. But the Covid-19 pandemic had played spoilt-sport and the event was posted.
The Olympic Games is also being conducted despite a lot of opposition in Japan owing to the rise in Covid-19 cases across the country. While there are many varying views on the Olympics, one group of people seem to consider this to be an opportunity of a life.
Listen to the podcast.
Of the 300 million tonnes of grains, Indian farmers produce, only a third reaches the big, traditional mandis. The inability to store their produce often means farmers have to sell it at lower prices when the market is flooded with fresh arrivals during the procurement season. Can the ability to time the market help farmers increase their income. Prasanna Rao, the CEO of Arya, India's largest post harvest firm tells Field Notes why and how it is possible.
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Move over, organic food. Health-conscious consumers are taking it one step higher, heading for hydroponic produce of fruits and vegetables, right on their rooftops. A whole host of start-ups have entered this market. Once economies of scale kick in, this segment has a huge potential to grow.
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PharmEasy co-founder Siddharth Shah outlines the entrepreneurial journey of the five young co-founders behind this online pharmacy company, and why they “never say never”. As co-founder & Chief Executive of API Holdings (parent company of PharmEasy), Siddharth speaks to Business Line on working with industry veterans like Aditya Puri and Dr Velumani, both representing different generations and economies. API recently formalised a deal to buy over 66 percent in diagnostics laboratory network Thyrocare, for Rs 4,546 crore, a first-time where a listed company is bought by a unicorn. Part of a plan or serendipity? Siddharth gives us the inside track.
After a controversial decision by the European Union to exempt those who have taken the Covid-19 vaccines from certain companies from travel restrictions within the EU region, several nations are now allowing Indians who took the Covishield shot to travel. Here's all you need to know.
To listen to the previous episode, click here
In a conversation with BusinessLine, Union Finance Minister Nirmala Sitharaman shares her thoughts on the four years of GST regime, the challenges the economy faces, and the way forward.
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