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The Latest Breaking News from Group

Raleigh and Lapierre owner declared bankrupt, potential sale to Irish company on horizon

Accell Group started insolvency proceedings last week

Cycling Weekly

‘Trust is greater than any legal right’: Gautam Adani a day after US case dismissal

In light of the dismissal of a US criminal case against him, Gautam Adani shared his views replete with humility, reinforcing his trust in the justice system. The Adani Group's withdrawal of its FPO came after serious allegations, yet business proceeded as usual thanks to loyal employees and partners. Adani…

The Economic Times

N Chandrasekaran era delivered 3.3X market cap growth. Can Tata stocks keep winning after his exit?

Tata Group’s combined market value has grown 3.3-fold to Rs 22.5 lakh crore since N Chandrasekaran took charge in 2017. With his exit set for February, investors now face a key question: can Tata stocks sustain their strong wealth creation amid leadership uncertainty and growing company-specific challenges?

The Economic Times

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Why did market fall today? N Chandra’s exit among 3 factors behind 188-pt Sensex slide; Nifty below 24,450

Indian equities extended losses on Wednesday, with Sensex falling 188 points and Nifty declining 36 points, amid pressure on Tata Group stocks following N Chandrasekaran’s resignation and rising oil prices. IT stocks led sectoral declines, while PSU banks gained. Broader markets were mixed, with volatility easing as India VIX declined…

The Economic Times

N Chandrasekaran: From TCS trainee to Tata titan, the Ratan Tata pick signs off

N Chandrasekaran resigned as Tata Sons chairman, ending his nearly decade-long tenure, with his term set to expire in February 2027. His reappointment had received support from Tata Trusts, the nomination committee and board but stalled after opposition from one director. Under Chandra, Tata expanded into aviation, semiconductors, electronics, batteries…

The Economic Times

US court dismisses criminal charges against Gautam Adani, Sagar Adani; senior lawyers laud decision

A US federal court has officially dismissed the criminal charges against Gautam Adani and his nephew, thanks to the Justice Department's request after analyzing jurisdictional and evidentiary issues. This ruling marks a significant victory for the Adani Group, although it does not imply any ruling on the allegations themselves. Gautam…

The Economic Times

Parent company of Lapierre and Raleigh initiates insolvency proceedings, putting major brands at risk

The future of Picnic-PostNL’s bike supplier is uncertain in the middle of the race season

Cycling News

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Owner of 139-year-old bikemaker Raleigh files for insolvency

The boss of owner Accell Group said it was a ‘deeply sad and frustrating situation’.

Evening Standard

'Every realistic option for the future of the business has been tirelessly explored' – Owner of Raleigh and Lapierre enters insolvency proceedings

Accell Group granted suspension of payments in the Netherlands

Cycling Weekly

Italian Investment Firm Trying to Buy Ducati Confirms Ducati Isn't For Sale

Patritalia S.p.A. is a relatively new investment firm aiming to repatriate Italian brands under foreign ownership, and recently alleged it put in a bid for Ducati. Now it claims to have proof it did, but also confirmed that Ducati wasn't for sale. That isn't stopping its campaign to buy Ducati.

RideApart

Singapore Airlines says tangible progress made in Air India's fleet renewal, service enhancements

Singapore Airlines reported tangible progress in Air India's fleet and service enhancements. The airline group's stake in Air India is a key pillar of its strategy. However, a net loss of USD 76 million was recorded in the April-June quarter. Increased jet fuel prices significantly impacted expenditures, despite fare adjustments.…

The Economic Times

Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports

Amazon is shifting its artificial intelligence strategy towards new frontier models. The company is deprecating many of its existing Nova AI models. Resources are now moving towards a new frontier-model development effort. This new flagship model is expected to debut later this year. Amazon recently trimmed jobs in its artificial…

The Economic Times

No time bound promotion under MACP for these central government employees; govt clarifies in Rajya Sabha

Central government employees retired between 2006 and 2008 will not receive MACP benefits. The Modified Assured Career Progression scheme began on September 1, 2008. This means the scheme was not active during their service period. Employee bodies are now demanding more MACP promotions for Group C and B staff. They…

The Economic Times

Militant attack kills 15 at security check post in north-west Pakistan: Military

Militants attacked a security check post in Pakistan, killing fifteen people. Twelve soldiers, two police officers, and one government official died in the blast. Security forces killed twelve militants during the overnight incident in Tank district. The Tehreek-i-Taliban Pakistan group is active in the region. Pakistan blames Afghanistan for increased…

The Economic Times

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The Economic Times

QX Global Group appoints Vijay Pahuja as Group Chief Executive Officer

Long Ridge Equity Partners-backed finance, accounting and recruitment KPO leader appoints industry veteran Vijay Pahuja to lead its next phase of growth and transformation.

The Economic Times

Naveen Jindal Group in talks with US, French tech companies for proposed nuclear projects

Naveen Jindal Group is discussing nuclear technology with global providers like EDF and Westinghouse. They are also exploring options with NPCIL for large module reactors. The conglomerate plans to develop eighteen gigawatts of nuclear power capacity. This initiative aims to contribute to India's ambitious nuclear energy targets. Discussions involve evaluating…

Benzinga

Why UnitedHealth Can't Stop Saying One Word: 'Restless'

UnitedHealth Group Inc. (NYSE:UNH) spent much of its second-quarter earnings call talking about recovering margins, stronger guidance and operational improvements. But there was another message hidden in plain sight.

The Economic Times

Crisil Ratings upgrades long-term ratings of Vedanta group companies

Crisil Ratings has upgraded Vedanta group companies' long-term ratings to AA+ and assigned a stable outlook. This upgrade reflects the strong financial profile and improved financial flexibility of the demerged entities. Vedanta Ltd anchors the group with market leadership and a significant stake in Hindustan Zinc. Leverage is expected to…

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The Economic Times

Lufthansa to resume flights to Riyadh, Amman from September

Lufthansa Group will gradually resume flight operations to Riyadh and Amman starting in September. The German airline will first restart service to Riyadh from Frankfurt on September 10. Italy's ITA Airways will also restart flights from Rome to Riyadh beginning September 15. Austrian Airlines will offer three flights weekly from…

Motor1

Volkswagen Group Internal Memo Reportedly Calls For Doubling Layoffs

CEO Oliver Blume told the staff a 'theoretical reduction' of another 50,000 jobs is under consideration.

GamesRadar

After laying off thousands, Ubisoft says losing "key talents and skills" is a big danger for the company

Wouldn't want that, would we?

Motor1

VW Group Boss Admits The Real Problem: Its Cars Aren't Profitable Enough

Further cost-cutting measures are underway to turn things around.

The Economic Times

Exclusive | Motilal Oswal opens up on succession, 10X profit goal and his 39-year partnership with Raamdeo Agrawal

Motilal Oswal Financial Services aims to grow profits tenfold over the next decade while preparing for a leadership transition. In an exclusive interview with ET Markets, billionaire co-founder Motilal Oswal said the group has inducted the next generation—Pratik Oswal and Vaibhav Agrawal—onto the board and is also empowering senior professionals.

The Economic Times

Aditya Birla Group eyes Rs 12,000 crore investment to expand Kansariguda alumina refinery in Odisha

Odisha Chief Minister met with Kumar Mangalam Birla to discuss investments. The Aditya Birla Group proposed expanding its Kansariguda alumina refinery project.

Motor1

This Is Why Volkswagen Group Is In Trouble Again

Volkswagen Group recently announced it plans to cut the number of models it offers by up to half.

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