Today’s top business news includes a ₹2 billion fine imposed by India’s competition regulator on India’s biggest carmaker Maruti Suzuki for anti-competitive practices related to dealer discounts, and the halting of over 40 IPOs by China amid a regulatory probe. Separately, Bitcoin jumped above $50,000 for the first time since May, while equity index Sensex ended 226 points higher.

5:05 P.M.

Branson’s Virgin Orbit to list through SPAC merger at $3.2 billion valuation

Virgin Orbit, the satellite launch service part of billionaire Richard Branson’s conglomerate, said on Monday it is going public through a merger through an SPAC vehicle, in a deal that values it at $3.2 billion, Reuters reported.

The deal with NextGen Acquisition Corp II also includes a private investment in public equity of hundred million dollars from parties such as Boeing Co and AE Industrial Partners.

4:36 P.M.

Maruti Suzuki fined ₹2 billion over dealer discount policy

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HBO’s acclaimed finance drama is worth investing in now.

industry hbo

Amanda Searle/HBO

HBO’s finance drama Industry, which followed a group of fresh-faced recruits at the fictional investment bank Pierpoint & Co, was one of 2020’s best TV surprises. Packed with sex, drugs, and business jargon, the UK-based show, which debuted on HBO in November and wrapped up right at the end of last year, sucked you in with its soapy spin on the high-stakes workplace drama while also providing a barbed critique of its often toxic subject matter. Each episode was more exciting and visceral than the one before.

But now, like the characters blinking through a day of work after a ketamine-fueled night of debauchery, we’re left looking around at the wreckage and wondering what’s next. Will the company’s ever-buzzing open-plan office, where everyone’s trying to make a deal for “half a yard” and planning to grab a “bevy”

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In this month’s roundup of business news The Recognition Group announces office manager Mindy Linford’s final art show of the season is coming up very soon, Maranello’s is inviting guests out for a little New Year’s Eve celebrating and Orangevale Meats will be helping deliver meals to 50 families this Christmas. All of this news comes courtesy of the Fair Oaks Chamber of Commerce newsletter.

The Recognition Group: Office manager Mindy Linford will hold her last art show of the season, Saturday, Dec. 8, from 5 p.m. till 9 p.m. at the Luxe Gallery, 10020 Fair Oaks Blvd. The original photography show features landscapes and macro flower photos. Quality art is available for purchase. For more information call 916-967-0666.

Check out the group’s Facebook page here.

Blossoming Path: Kim Sullivan is offering a holiday special, one-hour Swedish massage treatment, transformative massage, reiki with crystal and color therapy and acupressure for

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Advocacy – the immediate needs of our chamber members and the business community are paramount. However, there is a lot of activity taking place at all levels of government; some of it good and some definitely not so good.  The Rancho Cordova Chamber team is monitoring and engaging with our elected representatives during this pandemic to ensure the voice of business is heard. Below are examples of the efforts made on your behalf.  

Joint Business Letter:  Workplace Regulations, Request for Suspension 

UCAN* Chambers signed onto this letter developed by the California Business Roundtable to Gov. Newsom requesting the suspension of workplace rules that may present liability to businesses during the rapid transition to working from home. 

Response to Leg Leadership re: CA Labor Federal COVID-19 proposals 

UCAN* Chambers have signed onto this letter developed by the Cal Chamber to Legislative Leaders in response to a letter sent by the California

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Business and Financial News : NPR

Business and Financial News Find the latest business news with reports on Wall Street, interest rates, banking, companies, and U.S. and world financial markets. Subscribe to the Business Story of the Day podcast.

One Medical Employees Say Concierge Care Provider Is Putting Profits Over Patients

NPR spoke to more than a dozen current and former employees of One Medical. They say the high-end medical company has fundamentally changed its focus, with increasing revenue

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Cooperative Award

Fred C. Garber, of Mount Jackson, a farmer, businessman and longtime electric cooperative director, is the recipient of the 2021 Electric Cooperative Leadership Award from the Virginia, Maryland and Delaware Association of Electric Cooperatives.

Garber received the association’s highest award July 22 at a reception at the Rockingham office of Shenandoah Valley Electric Cooperative, where he served as a member of the board of directors from 1984 until 2019.

He was cited for his record of visionary leadership, creative problem-solving and community involvement that have enabled SVEC to better serve its 80,000 members across all or parts of eight counties and the city of Winchester.

A Harrisonburg native, Garber grew up on a dairy farm in Weyers Cave. He graduated from Middle River High School and Blue Ridge Community College, and was active in FFA for many years. He and his wife, Barbara, purchased Mount Jackson Farm Service

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PepsiCo will sell Tropicana and other juices to a private equity firm in a $3.3 billion deal.

The New York drink and snack company will keep a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners.

The sale reflects the industry’s uncertainty about demand for fruit juice as consumers look for healthier options with less sugar, said Howard Telford, head of soft drinks at Euromonitor International, a market research firm.

“This deal reflects the desire of the industry to focus and innovate around a smaller core of categories and brands, including water, energy drinks, coffee and the staple carbonated soft drinks,” Telford said.

Political Cartoons

U.S. juice sales volumes actually rose last year as more people enjoyed breakfast at home during the pandemic and sought the immunity benefits of vitamin C, Telford said. But that was a blip

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for Lincoln’ youth hit the ground running this week in

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Kaizer Nyatsumba (Supplied)

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has put its CEO Kaizer Nyatsumba on “precautionary suspension” pending an investigation against him.

SEIFSA board chairperson Elias Monage confirmed that Nyatsumba, a former newspaper editor, has been on suspension since 3 May.

The news of his suspension has been kept under wraps until now, and the federation declined to divulge the reason for the probe. However, Nyatsumba said his suspension, which took place while he was recovering at home after being hospitalised, came as shock to him.

“I can confirm that on Monday, 3 May 2021, during my second week of working from home as I was recuperating after I had spent a week at Morningside Medi-Clinic, I was placed on ‘precautionary suspension’ by the board to enable it to conduct an investigation,” he said in a statement.

“I was utterly surprised and shocked by

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