Infosys is World's Best Company!

Infosys is World's Best Company!

IT giant Infosys is the only Indian firm to make it to the top 100 in TIME World’s Best Companies of 2023 list. Released recently, the list is a joint effort by TIME Magazine and online data platform Statista. While tech giants like Microsoft, Apple, Google’s parent Alphabet, and Meta Platforms took the top four slots, Infosys came in at the 64th position. Altogether 750 firms were ranked as part of the list.

Byjus going to Destabilize

Byju's, once the world's most valued edtech firm, is currently facing severe funding challenges, corporate governance issues, and legal disputes. They urgently need to raise at least $1.5 billion while addressing financial problems such as delayed rent payments and statutory payment defaults. Notably, the company reduced its workforce significantly. Several key board members and the statutory auditor resigned, leaving Byju's leadership primarily in the hands of Founder Byju Raveendran, his wife Divya Gokulnath, and brother Riju Ravindran. The company's ability to recover and stabilize its operations remains uncertain.

Tata Motors to soon be in Electric Arc Furnance

The UK government has unveiled a £621 million (₹6,391 Crores) support package for Tata Steel, aimed at facilitating the transition to state-of-the-art Electric Arc Furnace steelmaking at the Port Talbot site in South Wales. This initiative involves converting coal-powered blast furnaces into greener electric arc versions that can operate on zero-carbon electricity. Tata Steel expects this project to enhance the UK's steel security, reduce emissions by 50 million tonnes over a decade, and promote local value addition by leveraging domestic scrap steel. This support is seen as crucial for ensuring the continuity of steelmaking in Port Talbot and making Tata Steel UK a sustainable and profitable business.

Netflix × Yash Raj films

Netflix has partnered with Yash Raj Films in a multi-year deal to create content for both Indian and global audiences. They've announced two projects: 'The Railway Men,' a series on the Bhopal gas tragedy, and 'Maharaj,' a film based on true events from the 1980s. India is a vital market for Netflix, with strong competition from Disney+Hotstar, JioCinema, Amazon Prime Video, Zee5, and Sony LIV. In 2022, India's video streaming market reached nearly 100 million subscriptions, with a 27% revenue increase to ₹6,850 crore. This partnership strengthens Netflix's position in India's growing streaming industry.

Investment coming to Adani Green

TotalEnergies is in talks to invest $700 million in Adani Green's green projects, part of TotalEnergies' strategy to expand its green investments. This potential deal follows the Adani Group's recovery from a stock price drop triggered by the Hindenburg report. TotalEnergies is already a significant investor in Adani, holding a 19.75% stake in Adani Green and previously investing in Adani Gas and solar farms. The new investment could mark a renewed collaboration between the two conglomerates after delays caused by the Hindenburg crisis, including a $5 billion green hydrogen facility investment.