(Bloomberg) — Live Nation Entertainment Inc. Chief Executive Officer Michael Rapino told a New York jury that his multi-million-dollar compensation is tied in part to his “solving the DOJ problem”…
Category: Companies
States Sue to Stop Nexstar’s $3.5 Billion Deal for Tegna
(Bloomberg) — A group of state attorneys general are suing to block the $3.5 billion deal by Nexstar Media Group Inc. for rival Tegna Inc., which would create the largest…
Live Nation CEO Michael Rapino, defending his company, takes star role at antitrust trial
NEW YORK (AP) — Live Nation Entertainment’s longtime chief executive was the star witness at a New York antitrust trial Thursday, defending the dominant position his company has taken over…
First challenge filed against Adani’s ₹14,543-crore resolution plan for Jaiprakash Associates
Velocity Enterprises, a Bhopal, Madhya Pradesh-based contractor, has filed the first challenge to the Gautam Adani-led Adani Enterprises’ ₹14,543-crore resolution plan for the diversified infrastructure conglomerate Jaiprakash Associates Ltd (JAL)…
Uber–Rivian deal: $1.25 billion investment to deploy 50,000 robotaxis across US, Europe by 2031
Uber will invest up to $1.25 billion in Rivian Automotive as part of a major partnership to deploy thousands of autonomous vehicles, marking one of its biggest bets yet on…
AIESL eyes Jewar, Navi Mumbai MRO hubs as competition intensifies
NEW DELHI: State-owned aircraft maintenance firm AI Engineering Services Ltd (AIESL) is looking to expand into India’s next aviation hubs, holding discussions to set up maintenance, repair and overhaul (MRO)…
War slows IPOs, but startups keep bringing headquarters home
Even as several IPO-bound technology companies reassess launch timelines amid the war in West Asia, one critical element of their listing preparation—shifting their corporate domicile back to India—remains largely unaffected.…
India faces plastic packaging crunch: Crude oil prices and hoarding create scarcity for F&B firms
Bengaluru: A sharp rise in crude oil-linked raw material prices is unsettling India’s plastic packaging industry, but a bigger disruption is being caused by companies securing and stockpiling their supplies,…
West Asia war may squeeze profit for India’s top beer maker as input costs rise as summer starts
A faraway war may squeeze margins for one of India’s biggest beer makers just as the summer season begins. After two tepid quarters, demand is finally recovering but profitability could…
HDFC Bank part-time chairman quits: Read full text of Atanu Chakraborty’s resignation letter to lender
HDFC Bank part-time chairman Atanu Chakraborty has resigned from his post at the second-largest bank of India citing differences over “values and ethics”. In his resignation letter, shared by with…