MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs 1,200 crore) through a block deal on Thursday, the term sheet of the share sale showed. The Banga family was one of the early investors…
Records show that a top U.S. regulator rejected the recommendations of agency experts and limited the use of Covid vaccines. Source link
In a step that also implicates the company’s former director Anil Ambani, SBI has moved to classify the loan account of Reliance Communications as fraud. In a disclosure on July 1, RCom stated that SBI plans to report Ambani’s name to the RBI. The move sets off another round of legal contest amid the telco’s…
Republicans deferred some of their most painful spending cuts until after the midterm elections. Source link
US President Donald Trump announced on Wednesday that he has struck a trade deal with Vietnam. Under the terms of the deal, Vietnam will impose a 20% tariff on all goods exported to the United States which the US will have to pay zero tariffs.“I just made a Trade Deal with Vietnam. Details to follow!”…
The company behind brands like College Inn and Kitchen Basics faces issues including rising debt, changing consumer habits and pandemic missteps. Source link
Elon Musk owned Tesla is feeling the heat as his political opinion has been casting a shadow over the company’s sales since the last three months. Over the period, the sales of Tesla electric cars have fallen 13%, with predictions that the EV giant could also disappoint with its earnings.Between April and June, Tesla sold…
After an astonishing concession to a sitting president, the country’s most popular television news program faces the prospect of new ownership and a chilled environment for the First Amendment. Source link
Best-selling author Robert Kiyosaki has once again stirred the investment world, this time with a forecast that silver prices are set to “explode in July.” Taking to social media platform X, the Rich Dad Poor Dad author called silver the “best asymmetric buy” currently available, highlighting its high reward-to-risk ratio.“Silver is the best ‘asymmetric buy’…
Companies are reporting a drop in business, reflecting the economic toll of the heat wave, which is lowering productivity and keeping shoppers at bay. Source link
