Page 58 - Bloomberg/workspace/business Standard Web/undefined

Jio Financial, Allianz to launch reinsurance JV in India with 50-50 stake

The 50-50 venture combines Jio's local digital footprint with Allianz's global underwriting and reinsurance capabilities, the companies said in a statement late Friday

China defends growth model, eyes consumption as key economic driver

China's latest GDP data shows exports boosted Q2 growth, with a $586 billion trade surplus in H1, partly driven by exporters rushing shipments over tariff concerns

Zelenskyy's cabinet overhaul brings in allies who can deal with Trump

That agreement, which gave Trump a win in an otherwise fruitless effort to end Russia's war on Ukraine, came together after weeks of grinding negotiations

G7 to counter China's economic sway, rare earth dominance, says Klingbeil

Beyond economic resilience, the G7 faces broader strategic concerns over its declining influence in the Global South, as China and Russia strengthen ties in regions like Africa

US justice dept asks court to unseal grand jury records in Epstein case

Justice Department lawyers made the requests Friday to two judges in Manhattan, where prosecutors handled separate criminal cases against Epstein and his former associate, Ghislaine Maxwell

Jack Dorsey's Block to join S&P 500 index, replacing Hess after merger

The changes will go into effect prior to the start of trading on July 23, according to a press release from S&P Dow Jones Indices

Trump grants pollution rule waivers to plants citing security needs

Among the exempted operations were taconite iron ore plants in Minnesota owned by the United States Steel Corp. and six facilities owned by Cleveland-Cliffs Inc. in Minnesota and Michigan

Big Tech 'Acquihiring': An ugly but useful trend in AI talent acquisition

The venture capital industry's so-called power-law model means payoffs for investors usually come from just one or two runaway successes like Inflection or Scale AI

Govt needs more data access: NSC chairman Rajeeva Laxman Karandikar

With India's economy expanding rapidly and global investor interest growing, official figures are facing more scrutiny. Calls are mounting for more accurate economic data

Zara founder's global deal spree shields his $104 billion from tax

The Inditex SA founder's family office, Pontegadea, snapped up a five-star Paris hotel, a Florida apartment block and a building on Barcelona's iconic Diagonal Avenue as part of transactions

NSDL plans to start taking investor orders for IPO from next week

The expected proceeds exceed the approximately $400 million estimated by people familiar with the matter in June

Reckitt Benckiser sells homecare brands to Advent in $4.8 billion deal

Reckitt said it will retain a 30 per cent stake in the business, whose brands include Air Wick air fresheners and Cillit Bang cleaners

China spy agency accuses foreign agents of smuggling rare earth materials

China leveraged its dominance in producing these metals and rare earth magnets in trade war with the US, which relies on Chinese supply to make a wide range of products including electric vehicles

Couche-Tard's failed bid to acquire Seven & i sparks Japan M&A debate

7-Eleven convenience stores have one of Japan's most recognizable brands and a takeover would have been the largest by a foreign entity in the country's history

Trump urges Supreme Court to reject early challenge to his tariffs

Trump's import taxes remain in effect even though two courts have said many of them exceed the president's powers

AI startup Perplexity secures $100 mn funding, hits $18 billion valuation

The deal is an extension of a previous round from a few months ago that valued the company at $14 billion - investments that underscore the Silicon Valley rush to back the top AI startups

Meta hires two key Apple AI researchers after poaching their boss

The moves are part of a scramble for AI talent across the tech industry. Meta, the owner of Facebook and Instagram, has been especially aggressive in its recruiting

Tesla spars in court over autopilot alert 2 seconds before 2019 crash

Tesla is seeking to show a jury that the company's technology performed as it should and that the driver is fully to blame for running through a stop sign at a T intersection

Reliance outperforms Nifty with $40 bn gain in best run since 2020

Shares of the country's most valued firm have surged 22 per cent this year, compared with a 6 per cent rise in the NSE Nifty 50 Index

OpenAI unveils ChatGPT agent to shop online, create slides for users

ChatGPT agent, set to be unveiled during a livestreamed event on Thursday, is designed to streamline personal and professional projects