Brijmohan Lall Munjal’s four-stroke engine of grit, gumption, resilience and humility

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 as … Read more

McDonalds worker arraigned in fatal stabbing of manager at Detroit-area restaurant

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 County … Read more

Apollo-Backed Legendary Weighs Acquisition of Lionsgate Studios

(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 Entertainment … Read more

Wockhardt exits its US generics business

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 losses … Read more

Tesla likely to begin first deliveries in India from August

(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 Mumbai … Read more

Emirates Employees Get Smaller Salary Bump After Record Year

(Bloomberg) — Emirates Group is giving more modest pay increases to employees this year, suggesting the owner of the world’s largest international airline is keeping a closer eye on costs. Employees across its businesses in Dubai, including Emirates’ namesake carrier and the Dnata airport services unit, were granted a 3% increase to their basic salaries, … Read more

Indias data centre capacity likely to reach 3GW by 2030, says report

Mumbai, Jul 11 (PTI) India’s data centre industry is on the brink of exponential growth, with total capacity expected to reach 3 GW by 2030, according to a report. The sector is also seeing a surge in annual investments, currently at USD 1-1.5 billion (around ₹12,870 crore), and this figure is expected to double in … Read more

London Heathrow to Pour £10 Billion Into Terminals, Services

(Bloomberg) — London Heathrow Airport plans to invest £10 billion ($13.6 billion) over the next five years to upgrade its terminals and services after the dominant UK hub slipped in global airport rankings. Heathrow submitted an investment plan for review to the UK’s Civil Aviation Authority that involves redesigning terminals, improving punctuality through AI tools … Read more

Anil Ambani’s Reliance Infra sets eyes on global aerospace with a ₹10,000-cr purse and India’s first commercial aircraft

Anil Ambani’s Reliance Infra sets eyes on global aerospace with a ₹10,000-cr purse and India’s first commercial aircraft ₹10,000-crore bet on aerospace and global tie-ups. It’s also aiming to get India’s first homegrown commercial jet flying by 2028.”/> Source link

Even 190% Tariffs Can’t Shake US Shoemaker’s Reliance on China

When an $80,000 tariff bill landed on her desk in May, Haley Pavone did what many small business owners might do: she froze hiring and added an online checkout fee to help cover the cost. Pavone, founder of California-based Pashion Footwear, which imports shoes from China, hasn’t moved production out of the country. Not because … Read more