A Dubai-based housewife, Soudi Al Nadak, has taken social media by storm with her claim that her millionaire husband, Jamal Al Nadak, purchased a private island so she could feel …
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Retailer MINISO plans to acquire a nearly 30% stake in the troubled Yonghui for $893 million
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MINISO is navigating a challenging business environment in China, where significant hurdles are arising from a slump in the property market and an ongoing financial slowdown. As a consequence, Chinese …
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OYO is set to acquire the iconic Motel 6 brand in a $525 million all-cash transaction
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IPO-bound travel tech platform OYO has announced its decision to acquire the renowned American budget hotel brands Motel 6 and Studio 6 from Blackstone Real Estate for $525 million in …
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Elliott Hill has been appointed as the new CEO of Nike, with his term set to begin on October 14
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BEAVERTON, Ore. — NIKE, Inc. (NYSE: NKE) has officially announced a significant leadership transition, naming Elliott Hill as its new President and Chief Executive Officer, effective October 14, 2024. This …
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Samvardhana Motherson International is set to acquire an 11% stake in Israel-based REE Automotive for $15 million.
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Samvardhana Motherson International Ltd (SAMIL) has announced a strategic investment in Israel’s REE Automotive Ltd, marking a significant move in the electric vehicle (EV) technology space. The acquisition involves SAMIL …
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Breaking: Ford Set to Return to India for Car Manufacturing, But There’s a Twist
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Ford Set to Return to India: Plans to Restart Manufacturing in Chennai for Exports Ford Motor Company has taken a significant step towards resuming its manufacturing operations in India by …
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Adani Group dismisses claims regarding $310 million frozen in Swiss bank accounts, calling the allegations baseless in the ongoing Adani-Hindenburg saga
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The Adani-Hindenburg saga has intensified as the U.S. short seller, Hindenburg Research, claimed that Swiss authorities had frozen over $310 million in six bank accounts tied to the Adani Group, …
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Maruti’s EV to Offer 500 km Range, Plans for Export to Europe and Japan
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Maruti Suzuki (MSIL), India’s largest carmaker, is preparing to make a significant leap into the electric vehicle (EV) market with its inaugural EV, a mid-size SUV designed to offer 500 …
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Adani writes to Bangladesh government to pay $800 million unpaid power dues
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Adani seeks assistance from Md Yunus in addressing the financial strain caused by the unpaid power dues.Adani Power, which has been supplying electricity to Bangladesh from its 1.6 GW coal-based …
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Adani has launched a new subsidiary in China to offer project management services
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Adani Group, a major player in the global infrastructure and energy sectors, has recently established a new subsidiary in China, marking a significant step in its international expansion strategy. The …