A clutch of key lenders to billionaire Anil Agarwal-led Vedanta Ltd has decided to endorse the demerger of the group’s flagship, ending a nearly seven-month deadlock, confirmed two persons directly aware of the development. The delay had been over the proposed allocation of $7 billion worth of debt owed to Vedanta's creditors in India, including State Bank of India and Bank of Baroda.
Open FlipGirish Mathrubootham has stepped down from the position of Freshworks Inc's chief executive officer (CEO) and the company has appointed Dennis Woodside as the new CEO & President, effective from May 1.The Nasdaq-listed IT services company informed exchanges about the transition on Thursday and Mathrubootham will now take on the role of company's executive chairman.
Open FlipIt's been a tough year for Apple (NASDAQ: AAPL) investors. The company posted year-over-year sales declines for four consecutive quarters before finally returning to positive growth. Lackluster sales and fears about the iPhone's fading relevance in China have some investors fearing the worst. One Wall Street analyst believes investors are missing the forest for the trees.
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