The owners of ACT Fibernet have decided to sell the company for around $1 billion, three people familiar with the development said, five years after a failed deal to sell…
Category: Companies
Banks Selling $3 Billion Debt for Meta’s Prometheus Data Center
(Bloomberg) — A group of banks including Natixis SA, Mitsubishi UFJ Financial Group Inc. and Societe Generale SA have started selling $3 billion of loans for a data center in…
US banks could release $320 billion in capital with new draft rules, analysts say
By Tatiana Bautzer NEW YORK, April 8 (Reuters) – Big U.S. banks may be able to release up to $320 billion in capital under revised draft rules unveiled by regulators…
Tata Trusts trustee Vijay Singh received over ₹20 crore as commission and fees from Tata companies
Tata Trusts trustee Vijay Singh is understood to have received a little over ₹20 crore as sitting fees and commission on the boards of various Tata group companies, including Tata…
Amazon denies reports of 14,000 layoffs planned for May: ‘…not based in fact’
Amazon has denied several media reports of a planned firing of 14,000 employees in May. On Wednesday, a report went viral claiming that after laying off 16,000 employees in January,…
PPFAS Asset Management gets PFRDA approval to launch pension fund under NPS
MUMBAI: PPFAS Asset Management Pvt. Ltd received approval from the Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday to become a sponsor for a pension fund under the National…
Hilton ties up with Royal Orchid Hotels to add 125 hotels
Hilton has signed a strategic licensing agreement with Royal Orchid Hotels to add 125 properties under Hampton by Hilton brand by 2035. This is third such agreement by Hilton in…
Bosch’s ₹9,068 crore deal to reshape sourcing for Tata, Mahindra, Bajaj
Bosch Ltd’s ₹9,068 crore acquisition of its chassis systems arm is set to reshape how automakers such as Tata Motors, Mahindra & Mahindra, and Bajaj Auto source critical vehicle systems,…
Steel companies plan to raise HR coil prices by ₹3,500 per tonne
Steel companies plan to increase hot-rolled (HR) coil prices by ₹3,500 a tonne to about ₹64,500 per tonne this month to pass on the incremental cost of raw material and…
Non-Urban region led value growth for FMCG sector in FY 25: Bizom
Non-urban region continued to drive growth in FY26. As per data sourced from retail intelligence platform, Bizom, FMCG sector’s value growth was pegged at 6 per cent in FY26 led…