LiveBed Bath & Beyond Files for Bankruptcy Protection, Starts Liquidation Sale
On Sunday, Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection after the home furnishings retailer failed to secure funds to stay afloat...
Category : BUSINESS
Adani Ports Launches Tender to Repurchase $130 Million Outstanding Loan to Reduce Debt Load
On April 24, Adani Ports stated that it had released a tender for up to $130 million in outstanding debt to partly prepay the near-term...
GST Not Applicable on Transfer of Jaipur International Airport Business to Adani Group
The transfer of Jaipur International Airport operations by the Airports Authority of India (AAI) to Adani Group is exempt from Goods and Services Tax (GST),...
CCI Approves Acquisition of Blackstone-Emerson Electric Co
The Competition Commission of India (CCI) said it had approved BCP Emerald Aggregator LP’s acquisition of a stake in Emerson Electric Co’s climate technology business...
Jio Q4 Growth Slowest in Seven Quarters on No Tariff Hike
On Friday, the country’s largest telecom operator by market share, Reliance Jio, reported its slowest revenue and profit growth in the past seven quarters in...
Praj Industries Signs Aviation Fuel Agreement with IOC
Industrial biotech firm Praj Industries and Indian Oil Corporation will form a joint venture to produce sustainable aviation fuel (SAF). ATJ fuel will help curb...
Alphabet CEO Sundar Pichai Earns $226 Million In 2022 Amid Cost-Cutting
On Friday, Alphabet Inc Chief Executive Officer (CEO) Sundar Pichai received an aggregate reimbursement of around $226 million in 2022, more than 800 times the...
RIL Reports Robust Operating Performance in Q4
On April 21, the oil-to-telecom-to-retail major Reliance Industries proclaimed healthy growth in operating numbers for the March quarter of FY23. Thus, bottom-line growth was strong...
Blackstone, GIC Vie for Majority Stake in Allianz-ESR Platform
Global investment giants including Blackstone, Singaporean sovereign fund GIC, Gaw Capital Partners and Canadian pension fund Ontario Municipal Employees Retirement System (OMERS) have made bids...
HDFC Bank Gets Post-Merger Relief
To ease the pressure on HDFC Bank and HDFC, the Reserve Bank of India (RBI) has allowed the bank to gradually meet priority sector loan...