Intends

Russian e-commerce firm Ozon intends to remain a public company, it said on Thursday, after being informed that the Nasdaq stock exchange planned to delist its securities. Nasdaq suspended trading in the securities of a number of companies operating in Russia on Feb. 28, 2022, days after Moscow despatched tens of thousands of troops to Ukraine. On Wednesday, the exchange notified a handful of Russian companies of delisting plans. "Going forward, and in any scenario, we act in the interests of our investors," Ozon said in…

LONDON—Arm Ltd., the British chip designer that SoftBank Group Corp. 9984 -0.48% tried unsuccessfully to sell to Nvidia Corp. NVDA 2.71% , intends to list its shares in New York, a move that comes amid a race between the U.S., Europe and China to build out their semiconductor ecosystems. SoftBank last year abandoned plans to sell Arm outright amid growing global regulatory centered on…

Last Updated: March 02, 2023, 12:48 ISTWhile Akasa Air has already placed a firm order for 72 Boeing 737 MAX airplanes, the low-cost airline has plans of placing an order for over 100 aircraft in the time to come.Akasa Air has completed six months of operation, and with the delivery of one aircraft every 15 days, the airline has reached a fleet size of 17 aircraft and has flown over one million passengers since its launch in August 2022.Akasa Air has been expanding its network across the country in a phased manner with a…

Last Updated: February 22, 2023, 11:45 ISTImage used for Representation (Photo: REUTERS)The aggregator policy for two, three and four-wheelers is in its final stages and will be rolled out soon, Transport Minister Kailash GahlotThe aggregator policy being finalised by the Delhi government proposes to allow only electric two-wheelers to ply as bike taxis, officials said on Tuesday.The aggregator policy for two-, three- and four-wheelers is in its final stages and will be rolled out soon, Transport Minister Kailash Gahlot…

McKinsey & Co. plans to eliminate thousands of positions, adding the consulting giant to a wave of companies that are cutting corporate jobs. The firm, which is known for helping companies streamline their operations, could shed as many as 2,000 jobs in what would be one of its biggest headcount reductions to date, according to a person familiar with the matter.  McKinsey & Co. plans to eliminate thousands of positions, adding the consulting giant to a wave of companies that are…

Fast News Twitter's new owner Elon Musk also plans to reverse the social media company's existing work from anywhere policy, according to Bloomberg News. Musk, in a tweet, had denied a New York Times report that said he was planning to lay off Twitter employees before November 1 to avoid…

By Kim Bhasin, Bloomberg Adidas AG intends to sell existing Yeezy product designs using its own branding after ending its partnership with rapper and designer Ye, formerly Kanye West. Adidas management has indicated that it will start selling the products under the company’s brand at the beginning of next year, according to analysts at Morgan Stanley and RBC Capital Markets. That follows the dissolution of the lucrative tie-up, which Adidas has described as one of the industry’s most successful ever, after Ye made…

Albert Pujols plans to honor his 10-year, $10-million personal services contract with Angels despite owner Arte Moreno’s intentions of selling the team and the disappointing end to the slugger’s nine-plus-year tenure in Anaheim.“He plans on fulfilling all of it,” said a person familiar with Pujols’ thinking but not authorized to speak publicly about it. “He’s excited to see who the new owner is.”Pujols’ Hall-of-Fame-worthy, 22-year career came to a close Saturday night when his St. Louis Cardinals were swept by the…

Twitter has — once again — to Elon Musk’s proposal to buy the company for $54.20 a share. In a statement, Twitter confirmed it had received Musk’s letter that “the intention of the Company is to close the transaction at $54.20 per share.” The agreement follows months of legal drama after Musk tried to back out of his to buy the company for $44 billion this spring. The two sides were set to go to trial later this month as Twitter attempted to force Musk to keep up his end of the agreement. Musk had claimed Twitter had…

Karnataka Transport Minister B Sriramulu on Wednesday said the state government aims to convert all 35,000 buses into electric vehicles by 2030. The Minister was responding to a question raised by Congress MLA Tanveer Sait in the legislative assembly, during the question hour. “There are about 35,000 buses, there is demand to make all buses electric, keeping in mind environment and pollution related concerns. With diesel prices increasing, we are incurring losses. We want all our buses to become electric and we start…