Page 259 - Bloomberg

KKR mulls selling controlling stake in Indian school chain EuroKids Int'l

KKR could seek a valuation of about $1 billion for its majority stake, the people said

Hiding monetary exchange between capital & politics unhealthy for democracy

SBI, the institution that operated the six-year-old election funding mechanism, knows very well which political parties got money from whom in accounts specially opened for the purpose

Nippon Steel defends US deal after Joe Biden comes out against bid

Japan's largest steel company repeated its previous offer of an additional $1.4 billion in investment, and promised no layoffs or plant closures until at least September 2026

Byju's must freeze $533 million in mixed win for lenders, says judge

Dorsey's order was aimed at Riju Ravindran, one of the company's directors and the brother of founder Byju Raveendran

Despite grounds for optimism, India economy is yet to hit high-growth phase

India's macroeconomic stability is impressive compared to many of its peers

Indian bankers to get higher salary hikes than Singapore, Hong Kong

Salaries in India could rise by 10% in 2024, analyst Sarah Jane Mahmud wrote in a note Friday, citing survey data from consulting firm Aon

Adani's $2 bn Mumbai airport seeks to transform India into transit hub

Adani Group's $2.1 billion project in the satellite city of Navi Mumbai is a microcosm of the massive infrastructure overhaul underway in India as its PM Narendra Modi seeks to outrun China

US Steel should remain American owned and operated, says President Biden

US Steel shares retreated in early trading, after plunging 13% on Wednesday when news first broke that Biden would express concern about the deal

Tata Group considering buying Walt Disney's minority stake in TV Platform

The companies are in preliminary talks about an acquisition of Disney's significant minority stake, which would value Tata Play at about $1 billion or more, the people said

Russia goes to presidential polls with war economy lifting living standards

Wages have soared by double digits, the ruble has stabilized, and poverty and unemployment are at record lows

India plans economic data improvements, long-delayed population census

The Statistics Ministry has made a number of proposals that have been discussed by Prime Minister Narendra Modi's office in the past month, the people said

$80 billion crash in India's small-cap stocks flashes warning signs

As sentiment weakens, investors are pulling money out of richly valued larger shares as well

Gerald Levin, who guided Time Warner Inc's rise and fall, dies at 84

As Time's chief strategist, Levin orchestrated the 1990 merger of Time with Warner Communications, creating the world's largest media and entertainment company

Buyouts help Temasek-backed firm Manipal Health vie for top spot in India

Local news website MoneyControl reported earlier this week that Manipal was in the final leg of discussions to acquire Kolkata-based Medica Synergie, which will bring in 1,200 beds.

Inflationary pressure signals weakening support for Asian bond gains

Emerging Asian bonds handed investors a return of 0.5 per cent so far this quarter compared with over 5 per cent in the last three months of 2023, according to a Bloomberg index.

In search for its next CEO, Disney board focuses on four divisional heads

Iger is spending time with all of the internal candidates to help them understand how he approaches the job and give them exposure to business units they're not familiar with

Boeing 737 Max probe still trying to find who caused door failure

The door plug on the Alaska Air 737 Max 9 blew off shortly after takeoff from Portland, Oregon, prompting an explosive decompression

Bitcoin tops $73,000 level to hit new record on insatiable ETF demand

The world's largest cryptocurrency reached a high of $73,664 on Wednesday, before paring its rise slightly to trade at around $73,080 as of 8:29 a.m. in New York

Airtel Africa mulls IPO of its mobile money unit eyes $4 bn in valuation

The firm hasn't decided where to list the unit, though executives are considering bourses in the United Arab Emirates, London and Europe among potential venues, they said

EU lawmakers pass Act to regulate AI despite doubts about right balance

The landmark set of rules, in the absence of any legislation from the US, could set the tone for how AI is governed in the Western world