Nordstrom's Bold Move: A $6.25 Billion Deal to Go Private
Nordstrom announces a $6.25 billion buyout to go private, funded by its founding family and Mexican retailer El Puerto de Liverpool. The deal offers shareholders $24.25 per share a...
Business News
Biden's China Semiconductor Probe Boosts US Chip Stocks
US semiconductor stocks rose significantly on Monday following the Biden administration's announcement of an investigation into Chinese-produced foundational semiconductors, aiming...
ReNew Strikes Major Deal: Sells 300 MW Solar Asset in Rajasthan
ReNew Energy Global Plc sells its entire stake in ReNew Sun Waves Pvt Ltd to Anzen for USD 176 million, including a 300 MW operational solar asset in Rajasthan.
Indian Bank Fined by Central Bank of Sri Lanka for Non-Compliance
The Central Bank of Sri Lanka penalizes Indian Bank for non-compliance with the Financial Transactions Reporting Act, imposing a fine of approximately Rs 5.8 lakh. The bank operate...
OpenAI Surpasses Google in Publisher Licensing Agreements
OpenAI is outpacing Google in securing content licensing agreements with news publishers, empowering innovations in advertising and editorial components. Meanwhile, Google's Gemini...
Accordion Expands Global Data Analytics Hub in Hyderabad with New 1,500-Seat Facility
Accordion, a US-based financial consulting firm, expands its global data and analytics hub in Hyderabad with a new 1,500-seat facility, enhancing its D&A capabilities and India pre...
US FDA Imposes Import Restrictions on Viatris Drugs from India Facility
The US FDA has restricted imports of 11 Viatris products from its India facility due to inspection findings of federal requirement violations. The company is working on a remediati...
Foxconn Teams Up with Zettabyte for Energy-Efficient AI Data Centers
Foxconn announces partnership with Zettabyte to enhance AI data center capabilities using Zware software, aiming for energy-efficient solutions to meet global demand.
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