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Business

Jyotiraditya Scindia: Government Support Crucial for Telecom Sector

Telecom Minister Jyotiraditya Scindia stresses the importance of government support for the telecom sector, aiming to sustain multiple players and integrate satellite communication...

Business

ADB Cuts India's GDP Growth Forecast: What's Behind the Downgrade?

The ADB has lowered India's GDP growth forecast to 6.5% from 7% due to slower-than-expected second quarter growth, affected by manufacturing slowdown and lagging government spendin...

Business

Adani Ports Abandons $533 Million US Loan for Sri Lanka Port Project Amid Fraud Allegations

Adani Ports and Special Economic Zone, led by Gautam Adani, has withdrawn from a financing arrangement with the US International Development Finance Corporation for a Sri Lankan po...

Business

Jubilant Bhartia Group to Acquire 40% Stake in Coca-Cola Bottler for $1.3 Billion

Jubilant Bhartia Group to acquire 40% stake in Hindustan Coca-Cola Holdings for over Rs 10,000 crore, aiming to strengthen Coca-Cola's bottling operations in India and leverage its...

Business

BOJ's Steady Rate Strategy Amid Global Economic Uncertainties

The Bank of Japan is reportedly leaning towards maintaining interest rates steady next week, preferring to assess global risks and wage outlook before any potential hike, likely in...

Business

Patient Square Capital Acquires Patterson Companies for $4.1 Billion: A New Chapter in Dental Products Market

Patterson Companies, Inc. has agreed to be acquired by Patient Square Capital for $4.1 billion. This strategic acquisition aims to maximize Patterson's value and ensure its continu...

Business

Mondelez Plans $9B Share Buyback and Maintains Dividend Amid Growth Strategy

Mondelez International announces a $9 billion share repurchase plan and maintains its quarterly dividend. The company's CEO highlights progress in growth strategy focusing on choco...

Business

Albertsons Accuses Kroger of Breaching Merger Deal, Files Lawsuit

Albertsons Companies Inc. sues Kroger Co. for alleged breach of contract in their merger deal, claiming Kroger failed to secure regulatory approval. Albertsons seeks damages and ha...