Huawei announces $285 mn bonus for coping with US sanctions : Bulletin: Business Today
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Huawei announces $285 mn bonus for coping with US sanctions

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November 13, 2019

Vodafone CEO says India venture in critical state; headed for liquidation after SC's AGR shock
Vodafone Group Plc Chief Executive Officer Nick Read has said the company's India unit could be headed for liquidation if the government does not reconsider its demand of mobile spectrum fees post the Supreme Court's verdict last month. He said if the government does not take any concrete step, the situation could become "critical".  Vodafone owns 45% stake in India unit. The company wants the government to relax licence fees and taxes and give at least a two-year delay in spectrum payments.

Bonanza for Huawei employees! Telecom giant announces $285 mn bonus for coping with US sanctions
Chinese telecom giant Huawei Technologies said it will hand out 2 billion yuan ($286 million) in cash rewards to staff working to help it weather a U.S. trade blacklisting. The world's largest telecom equipment provider has said it has been trying to find alternatives to U.S. hardware after the United States all but banned it in May from doing business with American firms, disrupting its ability to source key parts. The cash is a mark of recognition for work in the face of U.S. pressure, Huawei's human resources department said.

Delhi pollution: After 'severe' level, air quality in national capital may enter 'emergency' zone today
Delhi air pollution: Delhi continues to reel under noxious haze after a brief relief last week. The air quality level in most areas of Delhi-NCR remained 'severe' on Wednesday as stubble burning incidents continue unabated in neighbouring states. A fall in the temperature and slow wind speed has made the situation worse, pushing the city's air quality towards the "emergency" level.

L'Oreal and Nestle biggest winners at Alibaba's Singles' Day shopping fest
Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal (OREP.PA) and Nestle NESN.N among the biggest winners, Alibaba (BABA.N) data showed. The Chinese e-commerce giant's annual Singles' Day shopping blitz on Monday brought in a record 268.4 billion yuan ($38.38 billion) in sales.

Reliance Industries' deal with Aramco: Ambani wants chemicals to dominate Jamnagar refinery output
Reliance Industries (RIL), India's most profitable company, has prepared a blueprint for its oil-to-chemical (O2C) play as it advances the negotiations with strategic investor Saudi Aramco to sell strategic stake in the business. According to the plan, RIL wants to convert 70 per cent of its output from Jamnagar refinery and petrochemical complex to chemicals. At present, the complex produces 90 per cent fuels - primarily petrol, diesel, naphtha, kerosene and Liquefied Petroleum Gas (LPG) - and the rest 10 per cent chemicals.
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