‘Not shut branches despite poor business due to attachment to Kerala’: Muthoot MD reacts

Fifteen days after scores of employees of the Muthoot Finance Limited began their indefinite strike against the management across various branches in Kerala, George Alexander, the Managing Director (MD) of the company stated that despite the profit earned by the company in places outside the state, the business is low in Kerala. The employees union […]

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Shares of Tencent-backed Meituan Dianping plunge on poor earnings

Shares of Chinese food delivery app Meituan Dianping plunged on Friday after the company posted its first earnings report since its $4.2 billion IPO in September. Meituan Dianping’s shares dived 11.79 percent on Friday. Shares of its main backer, gaming and social media company Tencent Holdings, fell 1.29 percent. Chinese tech juggernaut Tencent committed $400 […]