[ad_1] Linda Yaccarino stepped down as CEO of X on Thursday, marking the latest exit for top officials from businesses owned by Elon Musk amid increasing chaos in the billionaire’s political and professional lives. In a post on X, Yaccarino thanked Elon Musk for “transforming X into the Everything App”. “After two incredible years, I’ve … Read more
[ad_1] Tiger Global-backed unicorn Moglix, which supplies industrial tools and equipment, now delivers more than 10,000 stock-keeping units (SKU) by the next day, within a few months of rolling out quicker deliveries. This is in contrast to its previous timeline of 96 hours prior to August 2024, according to its founder and chief executive Rahul … Read more
[ad_1] Claire’s Stores Inc. is considering a potential bankruptcy for its US operations, according to people with knowledge of the matter, as the former fixture of shopping malls across the country struggles with weak demand, higher import costs and a heavy debt burden. Houlihan Lokey Inc. has been working with the retailer to shore up … Read more
[ad_1] Mumbai/Bengaluru: Thirty months after the shock Hindenburg report on Adani Group, New York-based short-seller Viceroy Research took aim at billionaire Anil Agarwal’s Vedanta Resources Plc, calling his mining and minerals conglomerate a Ponzi scheme. Founded in 2016 by British short-seller Fraser John Perring along with Gabriel Bernarde and Aiden Lau, Viceroy calls itself an … Read more
[ad_1] The US Treasury is granting a 45-day reprieve to three Mexican financial firms it moved to cut off from the US financial system, citing progress by the country’s government in addressing money laundering by drug trafficking cartels. The Treasury department’s ban on fund transfers with the designated firms will now take effect on Sept. … Read more
