CATEGORIES

Sandwich chain Subway set to sell itself for $9.55 bn to Roark

Subway would sell itself to private equity Roark Capital for $9.55 billion after agreeing to attach conditions to some of the windfall the two families that own it will get, persons in the know said, ending a long-drawn auction that saw several competing bids.

Zee mired in legal disputes in run-up to merger with Sony

Zee is dealing with at least a dozen cases, including those filed by the income tax department

'We will launch public cloud platform by Jan'

Yotta Data Services, part of real estate developer Hiranandani group, is on an expansion spree.

City gas volumes crawl even as price worries loom

City gas distribution (CGD) companies such as Indraprastha Gas Ltd (IGL), Mahanagar Gas Ltd (MGL) and Gujarat Gas Ltd have seen their stock prices decline 4-11% in August after the June quarter earnings failed to lift investor confidence.

Revolt Intellicorp returns FAME-II subsidy to Centre

Revolt Intellicorp Pvt. Ltd has returned the incentives under the FAME II scheme to the union ministry of heavy industries after it was found that it had claimed the amount without meeting key criteria of the scheme.

Indian airports emerging as key transit hubs: IndiGo

The government aims to transform airports into aviation hubs to enhance connectivity

Horns to be quietened on Indian roads

The Centre plans to enforce an upper limit of around 50 decibels in a crackdown on loud vehicle horns, a sharp reduction on existing permissible levels, minister of road transport and highways Nitin Gadkari said.

India, UK free trade talks move to business mobility chapter

India and Britain are discussing business mobility under their proposed free trade agreement (FTA), Kemi Badenoch, the UK minister for business and trade, said on Thursday.

Mandatory green hydrogen plan may go to cabinet soon

Energy ministry in talks on consumption levels; move follows incentive scheme for sector

Putin regains power with Russian elite after Prigozhin crash

The plane crash that presumably killed Wagner founder Yevgeny Prigozhin restored Vladimir Putin's reputation as Russia's unchallengeable leader for many of the country's elite, even as the cause of the disaster may never be fully established.

Iran, Saudi Arabia among six new additions to Brics

Leaders of Brics countries on Thursday invited six more nations to join them in the grouping’s first expansion since 2010.

'EU for investment court system for dispute resolution under BIT'

The European Union (EU) has proposed an investment court system for dispute resolution as part of the bilateral investment treaty (BIT) under negotiation alongside the free trade agreement, European commissioner for trade Valdis Dombrovskis said.

Job to curb price rise not over yet: MPC members

Members of the central bank’s monetary policy committee (MPC) have reaffirmed their commitment to bring down inflation to the 4% target amid a sudden spike in vegetable prices, minutes of the MPC meeting released on Thursday showed.

BPEA sells Coforge stake for ₹7,684 cr

BPEA EQT on Thursday sold its entire 26.63% stake in Coforge Ltd (formerly NIIT Technologies) for ₹7,684 crore to multiple investors through bulk deals, leaving the software services firm without a promoter and the first of its kind to be entirely owned by public investors.

India to hold off on green bonds sale

India is likely to skip selling sovereign green bonds this fiscal year as investors demand higher yields despite their eco-friendly label, said a senior government official.

Parag Tandel, the artist-archivist from Koliwada

In his latest show, artist Parag Tandel sculpts personal narratives of the Koli community, which is fast losing out on its ancient ways

Data in disguise: Interpretation requires a discerning approach

Three upcoming data points need to be interpreted very carefully for a correct reading of the current state of India's economy

A scientific temper gave India its Moon triumph

Our lunar touchdown was achieved at low cost with utmost energy efficiency, thanks to Isro's use of gravity and sunlight. This is a triumph of science. Of grey cells over fuel cells

Will TDS apply despite capital loss from sale of property?

In the absence of this certificate, the buyer would deduct tax at source on the gross sale consideration even when there is a capital loss.

HOW MICROSOFT REVIVED ITS DEAL TO BUY ACTIVISION

The software giant outmanoeuvred regulators to shift its fortunes in the $69 billion deal to buy Activision Blizzard

Meta breaks privacy rules, Norway regulator tells court

Meta Platforms is breaking European data privacy rules in Norway, the country's data regulator told a court on Wednesday, in a case that could have wider European implications.

German cabinet approves changes to citizenship rules

Chancellor Olaf Scholz's cabinet approved a draft law overhauling the nation's citizenship rules that would allow people to hold multiple passports and is designed to facilitate the integration of foreigners into Europe's biggest economy.

How Russia keeps its fleet of Western jets in the air despite sanctions

A Ural Airlines Airbus landed in the Russian city of Yekaterinburg on 14 November last year. Then it remained grounded on the tarmac.

Euro zone economic downturn worsens

Services activity declines in Aug, contraction in manufacturing continues

'Everything you do will be replicated by a computer'

Marc Carrel-Billiard, who recently visited India, serves as a senior managing director at Accenture. He heads Accenture Technology Innovation, the R&D Labs, Accenture Strategic Growth Initiatives, Accenture Studios and Accenture Ventures. In his 25-year tenure at the company, he has pioneered technology, particularly in voice recognition, knowledge-based systems, and neural networks.

Cinemas in the South seek flexibility in ticket pricing to boost growth

Tamil Nadu Film Exhibitor’s Association has urged the state government to reconsider ticket pricing, highlighting the struggle of cinemas to expand operations. In fact, multiplex chains and theatre owners acknowledge that while the South is a promising hub for the movie industry, rising expenses and capped ticket prices are making it increasingly difficult for them to operate.

Samsung sees its best qtr for smartphones

Co expects better show in H2, led by foldable smartphones' success

Spicejet challenges HC's arbitral order

Spicejet and its promoter Ajay Singh on Wednesday approached the Delhi High Court challenging a single-judge order upholding an arbitral award asking them to refund 579 crore plus interest to media baron Kalanithi Maran.

Fewer new aircraft lift mid-life plane demand

Carriers are choosing to pay higher fees to extend leases for such aircraft

Operational creditors begin to take backseat

Creditors tended to use IBC as a payment-recovery tool. That is changing