Mexican regulators imposed 185 million pesos in fines last month on three firms that were targeted by the US Treasury for potentially aiding drug traffickers, according to government data. Intercam Banco SA and its brokerage were fined 92 million Mexican pesos for violations of anti-money laundering rules such as failing to have an automated registry … Read more
The entity under scrutiny is PTC Cables Pvt. Ltd (PTCC), which holds a 1.91% stake in Vedanta Ltd, a company with a market capitalization of ₹1.75 trillion, according to BSE data. PTCC is owned by Bhadram Janhit Shalika Trust (BJST), which Viceroy alleges is controlled by the Agarwal family, founders of the Vedanta Group. According … Read more
New Delhi: AWL Agri Business Ltd (AWL), which sells edible oils, flour and food, expects a significant rise in demand, particularly ahead of the festive season, spurred by a recent cooling in edible oil prices and strong monsoon showers that are key to the rural economy. This price decline is a direct result of the … Read more
BlackRock, the world’s largest asset manager, announced a significant surge in its assets under management (AUM), reaching a new high of $12.53 trillion in the second quarter of 2025. This AUM growth, up from $10.65 trillion last year, is primarily driven by a global market rally, fuelled by the prospect of trade deals and interest-rate … Read more
New Delhi: American activewear brand Lululemon is set to enter India through a franchise partnership with Tata CLiQ. The collaboration will see the brand, popular among gym and yoga enthusiasts, open its first Lululemon store in India and establish a local e-commerce presence through Tata CLiQ Luxury and Tata CLiQ Fashion in the second half … Read more
Meta Platforms founder, Chairman, and CEO Mark Zuckerberg never does anything halfway, and the artificial-intelligence race is no different. This year, Meta will spend about $70 billion on AI data centers, almost double last year’s total. There have also been numerous reports that Zuckerberg has been personally recruiting the top AI talent in the world … Read more
India has dropped its demand that telecom equipment suppliers hand over proprietary source code, in a relief for local telcos and multinationals such as Ericsson, Nokia and Cisco, but poses a setback for local gear-makers. After the latest change, manufacturers need to provide just a summary of internal security test results and confirm following the … Read more
Chinese quantitative hedge funds are stepping up efforts to hire science and engineering students in the US affected by President Donald Trump’s university funding cuts and tighter visa policies. Shanghai-based Mingshi Investment Management launched a special program last month to offer full-time jobs to students unable to finish their PhDs due to the recent US … Read more
“We were always resilient in how we approached innovation. I think that’s what finally rewarded us,” Saldanha, chief executive officer and managing director of Glenmark Pharmaceuticals Ltd, told Mint in an exclusive interview. He was referring to one of the largest deals for an Indian biopharma firm after Glenmark’s US-based unit Ichnos Glenmark Innovation (IGI) … Read more
Sun Pharma on Monday announced it has settled a patent row with American biopharma company Incyte Corporation over its hair-loss drug, paving the way for its launch in the US. The Mumbai-based drugmaker, embroiled in the lawsuit since last year, launched the specialty drug in the world’s largest pharmaceutical market on Monday. Leqselvi (oral deuruxolitinib) … Read more
