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☆ Tata’s Potential—and Problems—Are Symbolic of India Itself
▼ + stars: | 2022-09-26 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

On Friday, Tata Steel said it is merging seven smaller metal units with itself in a bid to reduce costs, simplify corporate structure and strengthen its balance sheet. One of India’s oldest businesses, Tata is getting into shape—an ambitious task given its unwieldy scale. Both the ambition and the monumental size of the undertaking are a reflection of the Indian business environment itself. On Friday, Tata Steel said it is merging seven smaller metal units with itself in a bid to reduce costs, simplify corporate structure and strengthen its balance sheet. Four are publicly listed.

☆ A Slimmed-Down Oyo Looks Better Placed for an IPO
▼ + stars: | 2022-09-23 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

Oyo Hotels & Homes has shelved some of its grand overseas ambitions. But the slimmed down, SoftBank-backed Indian startup looks stronger, too. If the recovery in budget travel, which is Oyo’s bread and butter, can gain a bit of steam, the company would be relatively well placed for a public listing, even in a tough market. Oyo, which is incorporated as Oravel Stays, on Monday disclosed data showing narrower losses and a rebound in sales for the year ended in March. For the first quarter of the current fiscal year, the company managed an operating profit—a pleasant surprise for a company with a long history of losses.

☆ Climate Change Could Be Double-Edged Sword for Australian Coal
▼ + stars: | 2022-09-20 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

Australia is raking in huge amounts of cash from coal—due both to bad geopolitics and bad weather. The war in Ukraine is a key factor boosting benchmark Asian coal prices, which recently hit a new high. But some very unusual weather is shutting mines and transport links down under. In the short term, Australia, one of the world’s two top coal exporters, and coal miners like Glencore will benefit from even more pricing power.

Heard on the StreetThe software maker’s $20 billion acquisition of Figma comes as its own growth is slowing, but the deal could still fly under the radar of regulators.

☆ India’s Education Tech Giant Struggles With Math
▼ + stars: | 2022-09-16 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

Private-equity and venture-capital investors in Byju’s, India’s most valuable startup, caught a break this week—the company isn’t listed yet. If it had been, gyrating markets seem very likely to have caused some serious vertigo. The Indian education-technology company finally released audited financial statements for the financial year ended in March 2021 on Wednesday, after an 18-month delay. Losses ballooned but revenue was nearly flat at the equivalent of $304.6 million—an unpleasant surprise since Indian edtech companies logged massive user growth when schools shut down during the pandemic.

BusinessThe Russian steel magnate, who was sanctioned by the U.S., the European Union and the U.K. following the invasion of Ukraine, is exploring options to restructure ownership of his businesses to ease the burden of Western sanctions, according to people familiar with the matter.

EuropeIAEA Director General Rafael Grossi said he remained gravely concerned about the situation at the nuclear plant, which sits close to the front line of the Ukraine war, urging the establishment of a safety zone around the site as soon as possible.

☆ Premiile Pulitzer 2021. Lista completă a câștigătorilor și câștigătoarelor din acest an
▼ + stars: | 2021-06-12 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Publicaţiile The New York Times, The Atlantic şi Star Tribune, precum şi agenţia de ştiri Reuters s-au numărat vineri printre câştigătorii premiilor Pulitzer, cele mai prestigioase distincţii din jurnalismul american. Au fost premiate articole despre pandemia de COVID-19 și despre inechităţi rasiale în acţiunile forţelor de ordine din Statele Unite, subiecte care au dominat ceremonia desfășurată online, scrie digi24.roPremiile Pulitzer, cele mai prestigioase distincţii din jurnalismul american, au fost create de ziaristul american de origine maghiara Joseph Pulitzer şi se acordă începând cu anul 1917. Câştigătorul fiecărei categorii primeşte 15 000 de dolari, cu excepţia laureatului pentru Public Service, care primeşte o medalie de aur. Pulitzer se acordă în 21 de categorii, dintre care 14 sunt dedicate jurnalismului, iar şapte recompensează realizări deosebite în domeniul artelor. Literatură, dramaturgie, muzică

Persons: precum, ştiri, câştigătorii premiilor, COVID, maghiara Joseph Pulitzer şi, Câştigătorul, aur, Pulitzer, Lista, investigaţie, Matt Rocheleau, Vernal, Laura Crimaldi, Evan Allen şi Brendan McCarthy de la, explicativ, Ed Yong de, Andrew Chung, Lawrence Hurley, Andrea Januta, Dowdell, Jackie Botts de, Kathleen McGrory şi Neil Bedi de, Rajagopalan, Alison Killing şi Christo Buschek de, creativ, Nadja Drost, şi Mitchell, Jackson, Comentariu – Michael Paul Williams de, Cronică – Wesley Morris de, – Robert Greene de, Fotoreportaj – Emilio Morenatti de, Lisa Hagen, Chris Haxel, Graham Smith şi Robert Little, muzică Organizations: New York Times, Atlantic şi Star Tribune, ştiri Reuters, Public Service, The New York Times, Redacţia Star Tribune, Evan Allen şi Brendan McCarthy de la The Boston Globe, Reuters, Tampa Bay Times, Institute, California Sunday, Comentariu – Michael Paul Williams de la Richmond Times, – Robert Greene de la Los Angeles Times, Associated Press, National Public Locations: Minneapolis, Jurnalism, Vernal Coleman, Birmingham, IndyStar, Indianapolis, Chicago, Alison Killing şi Christo Buschek de la, New York, California

Aceştia au împărţit premiul pentru „Jurnalism explicativ” cu Ed Yong, de la The Atlantic, care a fost apreciat de comitetul Pulitzer pentru „o serie de articole lucide şi definitorii despre pandemia de Covid-19”. În categoria „Serviciu public”, a fost recompensată publicaţia The New York Times pentru relatarea „profetică şi extinsă” a pandemiei de coronavirus. Dineul dedicat câştigătorilor, care în mod tradiţional are loc imediat după ceremonia de decernare, şi este găzduit de Universitatea Columbia, a fost amânat pentru toamnă. Premiile Pulitzer, cele mai prestigioase distincţii din jurnalismul american, au fost create de ziaristul american de origine maghiara Joseph Pulitzer şi se acordă începând cu anul 1917. Pulitzer se acordă în 21 de categorii, dintre care 14 sunt dedicate jurnalismului, iar şapte recompensează realizări deosebite în domeniul artelor.

Persons: George Floyd, Reuters, Yong, Marques, Robert Greene, scriitoarei Louise Erdrich, Pulitzer, Joseph Pulitzer, Matt Rocheleau, Coleman, Laura Crimaldi, Evan Allen, Brendan McCarthy, Andrew Chung, Lawrence Hurley, Andrea Januta, Jackie Botts, Kathleen McGrory, Neil Bedi, Alison, Mitchell S . Jackson, Michael Paul Williams, Wesley Morris, Morenatti, Hagen, Chris Haxel, Graham Smith, Robert Little Organizations: Star, The, Associated Press, Comitetul, New York, Boston Globe, Universitatea Columbia, Public, The New York Times, The Boston Globe, Tampa Bay Times, Marshall, Chicago Jurnalism, News, Magazine, Richmond Times, Los Angeles Times, Associated, National Public Locations: Atlantic, Agerpres, Los Angeles Times, New, New York Times, american, The New York, Minneapolis Jurnalism, Tampa, AL.com, Birmingham, IndyStar, Indianapolis, Chicago, New York, California, Los Angeles

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