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Business

Hikal Promoters Unveil Family Arrangement Details Amid Legal Battles with Kalyani Group

Hikal promoters have disclosed family arrangement details to comply with Sebi's LODR, amidst legal battles with the Kalyani group over ownership. Sebi is pushing for greater transp...

Business

Klarna and Stripe Forge Strategic Payment Partnership: A Game-Changer for Buy Now, Pay Later Services

Klarna Bank AB and Stripe Inc. have announced a strategic partnership to integrate Klarna's buy now, pay later service into Stripe's platform. This collaboration is expected to sig...

Business

Amazon Web Services Commits $5 Billion to Fuel Mexico's Tech Revolution

Amazon Web Services (AWS) announces a $5 billion investment in Mexico, aiming to boost the country's GDP by $10 billion and support over 7,000 jobs annually. This move highlights A...

Business

Southwest Airlines Implements Strategic Hiring Freeze and Cost-Cutting Measures

Southwest Airlines introduces cost-saving strategies including a hiring freeze, delayed promotions, and suspension of summer internships to ensure operational efficiency and sustai...

Business

EET Fuels Secures Major $350 Million Investment to Lead the Low-Carbon Refinery Revolution

EET Fuels, part of Essar Oil (UK), secures a $350 million funding boost to advance its low-carbon refinery ambitions. This includes a strategic partnership with Afreximbank and an ...

Business

Global Oil Prices Surge Past $81: Inflation Fears Intensify Amid US Sanctions

Global oil prices surged past $81 per barrel due to US sanctions on Russian oil, impacting fuel retailers and raising inflation fears. India may shift towards Middle Eastern and Am...

Business

Daimler Truck Faces 12% Sales Drop in 2024 Amid Electric Vehicle Growth

Daimler Truck AG reports a 12% sales decline in 2024, with 460,409 units sold. Despite this, electric vehicle sales rose by 17%. Regional sales varied, with notable decreases in As...

Business

United Rentals Announces $4.8 Billion Acquisition of H&E Equipment Services

United Rentals Inc. is set to acquire H&E Equipment Services Inc. for $4.8 billion, enhancing its rental fleet by 64,000 units and generating significant cost synergies.