LiveTumbled FTX Owes Nearly $3.1 Billion to Top 50 Creditors
FTX, the Bahamas-based cryptocurrency exchange, has filed for US bankruptcy court protection. It said it owes its 50 biggest creditors nearly USD 3.1 billion. FTX...
Category : BUSINESS
Merck & Co to Acquire Imago BioSciences for $1.35 Billion
On Monday, Merck & Co Inc said it would acquire Imago BioSciences Inc, the cancer drug developer, for a total equity value of USD 1.35...
Elevated Interest Rates Help Virgin Money UK Post Annual Profit Surge
Virgin Money UK PLC (LON:VMUK) reported a rise in full-year income as higher interest rates and credit card expenditure helped offset provisions against bad loans....
RBI Fines The Parwanoo Urban Cooperative Bank for Violations
On November 21, the Reserve Bank of India (RBI) fined The Parwanoo Urban Cooperative Bank Ltd, Parwanoo Himachal Pradesh, Rs 3 lakh for breaching certain...
Aurobindo Pharma Arm Gets USFDA Approval for Fungal Infection Treatment Injection
Aurobindo Pharma said on Friday that its wholly-owned subsidiary Eugia Pharma Specialties had received final approval from the United States Food and Drug Administration (USFDA)...
Maruti Suzuki Expands Its Sales Network with Addition of 3,500 Store
Maruti Suzuki recently opened its 3,500th sales outlet in India alongside the opening of its latest NEXA outlet in Hyderabad. India’s largest passenger car maker...
Honeywell to Pay $1.3 Bn to Resolve Asbestos-Related Claims
On Friday, Honeywell International Inc (NASDAQ:HON) said that it would pay USD 1.3 billion to end asbestos-related claims emanating from its former unit. This is...
Carvana Cuts 8% of The Workforce On Weakening Demand
On Friday, Carvana Co announced another round of job cuts, impacting about 8 per cent of its workforce. The company attempts to cut costs amid...
Co-Founder of Zomato, Mohit Gupta Resigns
Mohit Gupta, the co-founder of Zomato, has resigned; he has updated his post. He joined the company four-and-a-half years ago and was promoted as a...
Adani’s Offer Approved by NDTV Board of Directors
The Committee of Independent Directors (IDC) of New Delhi Television (NDTV) has deemed Adani Group‘s public offer for a 26% stake in the media company...