[ad_1] (Bloomberg) — An Italian court accepted some of UniCredit SpA’s requests to annul conditions imposed on its bid for Banco BPM SpA, handing a partial victory to Chief Executive Officer Andrea Orcel in his plan to create the country’s largest lender. The Administrative Court of Lazio lifted two conditions imposed by Prime Minister Giorgia … Read more
[ad_1] Mumbai, Jul 12 (PTI) Over 20,000 bars and permit rooms across Maharashtra will shut operations on July 14 to protest against the state government’s “draconian taxation”, said the Indian Hotel and Restaurant Association (AHAR) on Saturday. The bandh is to oppose the state government’s tax hikes, including rise in VAT (value added tax) on … Read more
[ad_1] New Delhi, Jul 12 (PTI) London-bound Air India flight AI171 crashed 32 seconds after takeoff from Ahmedabad on June 12, after fuel supply to both engines was cut off within a second of each other. A preliminary report found that the confused pilots were unable to restore thrust in time. Here is a look … Read more
[ad_1] Uday Ruddarraju, the Indian-origin Head of Infrastructure at Elon Musk’s artificial intelligence startup xAI has resigned, marking the end of his one-year stint at the Grok creator. In a post on X earlier this week, Ruddarraju announced his resignation and reflected on his time at xAI, saying he did not expect what the company … Read more
[ad_1] (Bloomberg) — Anyone in Hong Kong knows there’s a trifecta when it comes to eating out. In English, it roughly translates to: affordable, beautiful and delicious. Add a Michelin star to the mix, and you truly have an unbeatable combination. I’m loathe to share one of my favorite dim sum spots. I wouldn’t necessarily … Read more
[ad_1] His hands were that of a workman rather than of a business tycoon who had built a multi-billion dollar enterprise. Often he would insist on pouring out the tea for guests, adding spoonfuls of sugar for younger journalists. “You need the energy,” he would insist. This was a man who understood people as well … Read more
[ad_1] EASTPOINTE, Mich. (AP) — A 26-year-old woman has been arraigned in the fatal stabbing of her manager after being told to leave early from her shift following an argument at a Detroit-area McDonald’s restaurant. Afeni Badu Muhammad was arraigned Friday on first-degree premeditated murder and carrying a dangerous weapon with unlawful intent, the Macomb … Read more
[ad_1] (Bloomberg) — Legendary Entertainment LLC, the independent film and TV studio behind the Dune trilogy and A Minecraft Movie, is considering a takeover of Lionsgate Studios Corp., according to people familiar with the matter. Legendary, which is backed by Apollo Global Management, first approached the company after Lionsgate finalized its separation from the Starz … Read more
[ad_1] Wockhardt Ltd is exiting its loss-making US generics business, as it focuses on its new antibiotics drug discovery and insulin portfolios. The drugmaker said on Friday that it has made a Chapter 7 filing for voluntary liquidation of its US subsidiaries Morton Grove Pharmaceuticals Inc. and Wockhardt USA LLC. The business has been incurring … Read more
[ad_1] (Bloomberg) — Tesla Inc. will open its first showroom in India on Tuesday and begin deliveries as early as next month, according to people familiar with the matter, as the Elon Musk-led electric vehicle maker looks to tap potential demand in the third-largest automobile market to counter slowing sales elsewhere. The opening of the … Read more
