HISTORICAL FACTS: 2 | History Defined

Young workers drive India's formal employment as 79% of new UANs come from 18-30 age group

Young individuals aged eighteen to thirty are now leading India's formal employment expansion. This demographic represents seventy-nine percent of new Universal Account Numbers generated. The 21 to 25 age group forms the largest cohort entering formal employment. Businesses are increasing investments in apprenticeships and job-ready skills development.

The Economic Times · Aug 19

Pirojsha Godrej: The fourth-generation scion taking the reins at century-old Godrej Industries

Pirojsha Godrej, the youngest of Adi Godrej’s three children, has taken a winding path from politics to property and now the Godrej Industries Group’s corner office. From building Godrej Properties into a real estate powerhouse to founding Godrej Capital and Godrej Ventures, his journey blends family legacy, business ambition and…

The Economic Times · Aug 14

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

Accell Group started insolvency proceedings last week

Cycling Weekly · Aug 13

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 · Aug 11

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 · Aug 10

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 · Aug 6

'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 · Aug 6

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 · Aug 4

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 · Jul 28

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 · Jul 28