[ad_1] (Bloomberg) — Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he plans to replace his counterpart at Mediobanca SA, should he succeed in taking control of the larger rival. Speaking in an interview with Bloomberg TV on Wednesday, Lovaglio said he tried to call Mediobanca CEO Alberto Nagel but … Read more
[ad_1] New Delhi (India) July 16 (ANI): State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling ₹8,585 crore. The telecom company shared the information in an exchange filing. The seven lender banks are Union Bank of India, Bank of India, Punjab … Read more
[ad_1] Zomato co-founder Deepinder Goyal-backed company LAT Aerospace has bought a Bombardier Global jet, according to a report. As per the report by Moneycontrol quoting multiple sources, Bombardier Global series aircraft is scheduled to start operations from July 16, which is today. The jet has been seen parked in the Delhi airport’s VIP bay since … Read more
[ad_1] China Vanke Co. is seeking to extend some of its domestic bank loans by as much as 10 years, according to people familiar with the matter, a move that could help the state-backed developer reduce liquidity risks. The Shenzhen-based builder, one of China’s largest by contracted sales, has made a preliminary proposal to several … Read more
[ad_1] (Bloomberg) — Distressed debt exchanges have been delivering better average outcomes for lenders compared to bankruptcies, according to a Fitch Ratings report. Such swaps have yielded an average recoveries of between 77.8% and 92.8%, according to Fitch, which analyzed transactions from 2024 through the first quarter. That compares with an average recovery of bankruptcies … Read more
[ad_1] 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 … Read more
[ad_1] 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. … Read more
[ad_1] 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 … Read more
[ad_1] 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 … Read more
[ad_1] 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 … Read more
