Mondelez to resume operation in war-ravaged potato-chip plant outside Kyiv
Sat, Jun 25, 2022 7:39 PM

Mondelez to resume operation in war-ravaged potato-chip plant outside Kyiv

A Flip by Shubhra
Get it on Google Play
Mondelez International is eyeing to resume operation at a potato-chip plant on the outskirts of Kyiv next week. The mentioned facility ceased functioning following the war in Ukraine. The Oreo cookie manufacturer has initiated repair work at the factory premises. It recorded $75 million in losses in property, plant and equipment impairments due to the Russian invasion of Ukraine.

More great flips

MPC Minutes: Here's what members said on growth, inflation and interest

MPC Minutes: Here's what members said on growth, inflation and interest

Majority of Reserve Bank of India (RBI)'s monetary policy committee members expressed caution on upside risks to inflation, particularly emanating from uncertainties in food prices, at the panel's policy review, showed the minutes of the meeting on April 19. In March, India's retail inflation eased to a ten-month low of 4.85 percent, as against 5.09 percent in February.

Open Flip
Tesla recalling more than 3,000 of its 2024 Cybertrucks due to faulty

Tesla recalling more than 3,000 of its 2024 Cybertrucks due to faulty

Tesla is recalling more than 3,000 of its newly launched 2024 Cybertrucks because of the possibility that a pedal can get stuck and cause the vehicle to accelerate unintentionally, increasing the risk of a crash. Tesla said that the accelerator pedal pad may dislodge and become trapped by the interior trim. The National Highway Traffic Safety Adminstration said that the recall involves model.

Open Flip
RBI imposes Rs 10-lakh monetary penalty on NABFINS citing non-compliance

RBI imposes Rs 10-lakh monetary penalty on NABFINS citing non-compliance

The Reserve Bank of India (RBI) on April 15 imposed a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, for non-compliance with certain rules. This is related to non-compliance provisions of the non-banking financial company - systemically important non-deposit taking company and deposit taking company directions, 2016, the RBI said.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon