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RBI approves merger of Emirates NBD's India branches with RBL BankThe Reserve Bank of India has approved the merger of Emirates NBD Bank's Indian branches with RBL Bank. This amalgamation will officially t...- Swiggy completes sale of Lynks Logistics to Trustroot InternetSwiggy Limited has completed the sale of its shareholding in Lynks Logistics Limited to Trustroot Internet Private Limited. The transaction...
- Is Li Ka-shing, world’s 38th richest man nicknamed Superman dead? The truth about the billionaire behind Hong Kong’s CK Hutchison Holdings and CK Asset Holdings’ healthRumors about billionaire Li Ka-shing’s death spread on Chinese social media on October 15. The 98-year-old businessman has an estimated net...
- Mark Zuckerberg and wife Priscilla Chan pay $57 million for 16,000-square-foot Gothic-style Strancally Castle in Ireland’s County WaterfordMark Zuckerberg and Priscilla Chan recently acquired Strancally Castle in County Waterford for over €51 million. This purchase is the highe...
- Canada's Warren Buffett bets his billions on India. What does he see?Prem Watsa’s Fairfax Financial will acquire a 60.72% stake in IDBI Bank for Rs 52,878 crore, marking India’s largest cross-border banking d...
- A former Chicago Sears store was converted into 59 apartments. Four years later, it sold for nearly $29 millionA former Sears department store in Chicago’s Ravenswood neighborhood, redeveloped into 59 apartments and retail space in 2021, has sold for...
- In 1992, Jan Koum's family relied on food stamps; 22 years later, Facebook agreed to buy WhatsApp, which he co-founded, for $19 billionJan Koum grew up in Ukraine and had limited access to technology. He also reportedly had concerns about government surveillance. According ...
- Netflix cuts about 6% of jobs: WSJThis marks its biggest round of layoffs since 2022, as the streaming giant faces intense competition for users' time in a consolidated medi...
- Amazon in talks to buy AI startup Decart for around $7 billion: ReportAmazon is reportedly in talks to acquire artificial-intelligence startup Decart for about $7 billion. The acquisition would give Amazon sig...
- FMCG majors in race for big bite of snacks brand FarmleyMultiple FMCG companies are expressing interest in acquiring stakes in the healthy snacking brand Farmley. A group of early investors with ...
- Brazil's Embraer to take 51% stake in Mahindra aerospace subsidiary to form JVIn a strategic collaboration, Embraer has teamed up with Mahindra Defence Systems to form Novavayu Aerospace Limited. This joint venture ai...
- YouTube was close to selling to Yahoo. How Google sealed the $1.65 billion deal at 3 A.M. in a Denny’s parking lotYouTube was close to selling to Yahoo in 2006 before Google agreed to pay $1.65 billion for the video platform. The deal was finalized in a...
- Tata Motors raises Iveco takeover offer price to 14.40 euro per shareTata Motors Ltd has raised its takeover offer for Iveco Group NV by 0.30 euro per share. The revised price now stands at 14.40 euro per sha...
- Apple names insider Steve Smith as new M&A chief, memo showsPerica, a more than 17-year veteran of Apple's M&A and corporate development function, also took oversight of iCloud, Fitness+ and News, am...
- Coca-Cola looks to sell Costa Coffee, Semafor reportsCoca-Cola is reportedly seeking to unwind its $5 billion acquisition of Costa Coffee after a failed sales process. The beverage company pre...
- Lawmakers raise alarm at Google plan to acquire Spirit Airlines data for AI modelsMore than 120 US lawmakers raised concerns about Google's deal to acquire Spirit Airlines' internal data for artificial intelligence. The d...
- Apple names insider Steve Smith as new M&A chief, memo showsApple has appointed Steve Smith to head mergers and acquisitions, transitioning from Adrian Perica's previous role. Adrian Perica will now ...
- Chipotle stock surges 6% as Starbucks explores potential takeover of CMG - here's what investors need to knowChipotle stock jumped after a report that Starbucks has explored a potential takeover of the Mexican fast-casual chain. Here’s what the rep...
- CNN’s new era begins as Skydance brings two news giants under one roofSkydance has completed its acquisition of CNN, raising questions about the network's editorial independence. Mark Thompson will continue as...
- Paramount CEO Ellison asks CNN chief Thompson to stay after Warner Bros deal, source saysParamount CEO David Ellison is negotiating with CNN CEO Mark Thompson to extend his contract and ensure editorial independence. Discussions...
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