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MULTINATIONAL COMPANIES RUSSIA
Indian staffing cos step up global reach to diversify revenuesIndian staffing companies are actively expanding their global reach. They are tapping into international talent shortages across sectors li...- Chinese medicines bring relief to India’s cancer patientsIndia’s cancer treatment landscape is seeing a shift as lower-cost immunotherapy drugs developed in China and marketed through Indian partn...
- Donald Trump's return adds new twist to Western firms' Russia exit dilemmaWestern companies still operating in Russia face heightened uncertainty under Trump's impending presidency and stricter exit conditions fro...
- US announces new sanctions on Russia's weapons suppliers as Zelenskyy visits WashingtonTuesday's sanctions package targets a multinational weapons procurement network led by Chinese national Hu Xiaoxun, his China-based private...
- Russia seizes shares of Danone and Carlsberg subsidiaries in the countryThe decree signed by President Vladimir Putin says the Russian state would "temporarily" manage shares belonging to Danone Russia and to Ba...
- Energy giant Shell profits skyrocketed in third quarter, sparks calls for windfall tax riseShell recorded a $9.5b quarterly profit, which is its second–highest on record, and almost doubled between July-September.
- France's TotalEnergies faces legal case for allegedly fueling Russian bombersLe Monde newspaper in August said TotalEnergies held a stake in a company that extracted gas condensate from northern Russia, some of which...
- HSBC in talks to sell Russian lending business to Expobank: SourceHSBC's corporate lending business, which offers a range of corporate banking and investment banking services to domestic and multinational ...
- Shell to sell Russian retail and lubricants business to LukoilEnergy giant, Shell has announced the selling off its retail and lubricants business to Lukoil as the effect of the Russian invasion of Ukr...
- G7 countries pledge to stop importing Russian oil, White House says"This will hit hard at the main artery of Putin's economy and deny him the revenue he needs to fund his war," the Biden administration said...
- UK finance minister Rishi Sunak questioned over Infosys presence in MoscowWith reference to stringent sanctions being imposed on Russia, the Indian-origin finance minister who is the son-in-law of Infosys co-found...
- Sanctions on Russia may result in impairment losses for ONGC, others: Moody's"Import bans and international sanctions on Russia may constrain the future cash flow generating capacity of these assets and lead to impai...
- Russia, blocked from the global internet, plunges into digital isolationTikTok and Netflix are suspending their services in the country. Facebook has been blocked. Twitter has been partially blocked and YouTube’...
- Ukraine crisis: L'Oreal temporarily closes its stores, suspends investments in RussiaThe cosmetics giant said they 'strongly condemn' the Russian invasion and the war in Ukraine.
- A long column of global CEOs builds on social media in support of UkraineThe Russian rouble touched a record low earlier this week as companies including Ikea, Apple, Ford, Toyota, Boeing, H&M and Volkswagen said...
- Airtel, Orange join hands for video conference businessWhile there are many free web-based video conferencing solutions available, large MNCs prefer to use dedicated audio-video conferencing fac...
- Participants at 'Russian Davos' curious about India, Narendra ModiAt the plenary session on 'Sustaining Confidence in a World Undergoing Transformation', where Russian President Vladimir Putin.
- Biocon looking at new global partnerships for its biosimilarsBiocon is now exploring new partnerships with pharma companies for its biosimilars, or low-cost copies of biotechnology products.
- MNCs eye emerging markets worth 45% global GDP over a decadeThe report cites the example of India's financial hub Mumbai, which by 2030 is expected to grow larger than the economy of Malaysia.
- 2,200 Indian companies may go MNC way by 2024, topple China: PwCIndia & China would also be joined by firms from Singapore, Russia, Malaysia & South Korea in terms of setting up MNCs. Top gainers, losers...
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