GlobalFoundries Fined in U.S. Crackdown on Chip Shipments to China
The Biden administration has fined U.S. chipmaker GlobalFoundries USD 500,000 for unauthorised exports to a restricted Chinese entity, reflecting heightened U.S. control over tech transfers to China.
Antitrust Approval For Alibaba After Year-Long Investigation
China's antitrust regulator has officially concluded its three-year regulatory "rectification" of Alibaba commending the company for its compliance efforts.
Starbucks CEO Laxman Narasimhan Steps Down, Brian Niccol to Take Helm
Starbucks' Indian-origin CEO, Laxman Narasimhan, has stepped down from his role as chief executive and as a member of the Starbucks board "with immediate effect," the company announced in a statement.
China Implements New ESG Disclosure Rules to Attract Foreign Investment
In a bid to align with global sustainability standards and attract foreign investment, China introduces new Environmental, Social, and Governance (ESG) disclosure rules for its largest corporations.
Vijay Kumar Goel resigns as Independent Director of Atul Auto
On June 2, 2023, Vijay Kumar Goel resigned as an independent director at Atul Auto Ltd. Having been associated with the company for the past two years, Goel brings extensive experience as a Chartered Accountant with over 30 years in the field.
