Category: Companies

Source: Reuters (via feed) Active Dynamics Group has agreed to acquire the Walbro business from First Brands for $50 million. First Brands is a bankrupt U.S. auto parts maker. The sale was announced on Tuesday.…

Source: Reuters (via feed) Air India announced on Tuesday it will start a phased expansion of the fuel surcharge on its domestic and international routes. The airline cited a recent rise in jet fuel prices.…

Source: Reuters (via feed) India's Reliance Industries said on Tuesday it is maximizing production of liquefied petroleum gas (LPG). The company operates the world's biggest refining complex. It is also diverting its locally produced natural…

Source: Reuters (via feed) SpaceX wants early inclusion on the Nasdaq 100 index. Reuters sources say this is a necessary condition for a potential listing on Nasdaq. The company is considering a listing on the…

Source: Reuters (via feed) JPMorgan Chase hired Firdaus Pohowalla as a managing director. This appointment is to strengthen the firm’s North America mid-cap mergers and acquisitions team. The information comes from an internal memo reviewed…

Source: Reuters (via feed) Three companies are drawing fresh analyst attention this week. They come from different sectors. Accenture operates in IT services. Thomson Reuters is in financial media. TELUS is a Canadian telecom company.…

Source: Reuters (via feed) Creditors of the United Kingdom’s Market Financial Solutions face a shortfall of 1.3 billion pounds, about $1.75 billion. This information comes from recent court filings reported by Bloomberg News. The filings…

Source: Reuters (via feed) Citigroup expects mid-teens percentage growth in its investment banking fees in the first quarter, CEO Jane Fraser said on Tuesday. The announcement came in a public statement without additional details. No…

Source: Reuters (via feed) Sweden-based legal AI startup Legora said on Tuesday it had raised $550 million in a Series D funding round. The funding valued the company at $5.55 billion. Legora plans to accelerate…

Source: Reuters (via feed) IndiGo's CEO Pieter Elbers has stepped down, the company's largest airline said on Tuesday. The resignation follows the carrier's worst-ever operational crisis in December. This crisis drew scrutiny from both the…

Source: Reuters (via feed) India is emerging as the top pick in Asia-Pacific private markets, according to a survey by McKinsey & Company and the Indian Venture and Alternate Capital Association. The survey found that…

Source: Reuters (via feed) America’s interest in weight loss is linked to a rising demand for condiments and spices. This trend follows increased use of GLP-1 drugs. Consumers are seeking more flavor in their food.…

Source: Reuters (via feed) Scores of small Indian steel producers have warned of production cuts due to disruptions in gas supplies. The disruptions follow the escalating conflict in the Middle East. Industry officials reported these…

Source: Reuters (via feed) The London Metal Exchange said on Tuesday it will move to an automated expiry process for metal options. This will replace the current manual process. The change will take effect on…

Source: Reuters (via feed) Elon Musk's SpaceX is considering listing its shares on the Nasdaq exchange. Four people familiar with the company's plans said the listing could rank as one of the biggest initial public…

Source: Reuters (via feed) Currency depreciation and high taxes remain key constraints on private equity (PE) returns from India, investors say. The country's strong growth outlook and improving exit environment help maintain its position in…

Source: Reuters (via feed) Renault will launch four new models in India by 2030. Fabrice Cambolive, CEO of the Renault brand, made the announcement on Tuesday. He spoke during a presentation of the company’s mid-term…

Source: Reuters (via feed) The Indian cricket team was awarded a bonus of 1.31 billion rupees, equivalent to $14.24 million. The payment was made by the country's cricket board. This amount is six times the…

Source: Reuters (via feed) Inflows into Indian equity mutual funds increased in February. This rise followed a two-month lull, according to industry data released on Tuesday. The inflows coincided with stabilising earnings growth. A trade…

Source: Reuters (via feed) Saudi Arabia's Aramco said on Tuesday that there would be "catastrophic consequences" for the world's oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The…

Source: Reuters (via feed) Wall Street investment bank Goldman Sachs is offering a financial product to hedge funds. The product enables hedge funds to take short or long positions on corporate loans, a source familiar…

Source: Reuters (via feed) The London Metal Exchange said on Monday it may replace existing rent caps in its warehouse network with a fixed daily load-out rate. The announcement concerns the fees charged by the…

Source: Reuters (via feed) India's Reliance Industries Ltd has purchased at least 6 million barrels of Russian oil for March delivery. Two industry sources with knowledge of the matter provided this information. The sources also…

Source: Reuters (via feed) Brazilian planemaker Embraer could begin assembling E175-E1 regional jets in India as early as 2028. This plan depends on securing at least 200 aircraft orders. CEO Francisco Gomes Neto stated this…

Source: Reuters (via feed) Monte dei Paschi di Siena CEO Luigi Lovaglio has cancelled investor meetings. These meetings were scheduled to discuss the strategy for the combined MPS-Mediobanca banking group. Lovaglio unveiled this strategy at…