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WeWork goes bankrupt after failing to recover from pandemic, failed IPO

WeWork's collapse into bankruptcy is the culmination of a years-long saga for the company, which was once the biggest office tenant in Manhattan

Billionaire Flipkart founder Bansal ready to launch stealth AI startup

The startup's main operations will be in Bengaluru, and it's headquartered in Singapore, where it's in stealth mode for now and will launch its offerings within months

Sunil Mittal's Airtel Uganda IPO failed to sell as investors prefer bonds

The demand for Ugandan government bonds maturing in 2033 exceeded the amount on sale by eight fold in an auction on Thursday

Apple shrunk iPhone's carbon footprint; there's a way to shrink it further

Apple's progress on using recycled materials is notable given mining often drives conflicts and ecological degradation

Tata considering sale of Voltas home appliance business, say reports

Considerations are at an early stage and Tata Group may decide to keep the asset for longer, the people said. A representative for Tata Group declined to comment

Google Play's 'bribe and block' ploy hurt rivals, says Epic amid trial

At opening statements on Monday, Epic's attorney Gary Bornstein told jurors that Google pays off competitors, including those who want to set up their own app stores to directly deal with users

Disney taps CFO Hugh Johnston who fended off Peltz at Pepsi, beat forecasts

"With Hugh there, Pepsi did a nice job convincing the Street that it had a growth plan," said Bloomberg Intelligence analyst Ken Shea

Ant Group receives Chinese government nod to roll out AI services

Bailing will be applied to Ant's various services and help with innovation, Xu Peng, vice president of Ant Group said in a statement on Monday

Oil at $110 could prompt RBI to hike interest rate again: Morgan Stanley

As the world's third-biggest consumer of oil, India is one of the most exposed economies in Asia to rising crude prices

Byju's in talks to sell US unit Epic for $400 mn to ease financial pressure

Byju's and its creditors are locked in conflict over a missed interest payment on a term loan that the startup had taken out to help finance a global acquisition spree during the pandemic

E-commerce startup Udaan to trim costs, forge partnerships ahead of IPO

Udaan, which competes with Reliance Industries Ltd. and Walmart Inc.'s Flipkart in helping smaller merchants source their goods, will make an operating profit within 18 months

Blackstone expects most Asia deal activity in Japan and India in 2024

"India has the highest growth; it also has the most ebullient stock market," Joe Baratta, Blackstone's global head of private equity, said in an interview in Tokyo

Elon Musk debuts 'rebellious' Grok AI bot to challenge OpenAI's ChatGPT

Earlier this year, Musk was among the signatories of a petition calling for a pause in advancing AI models in order to allow for the development of shared safety protocols

Pacific Islands want a climate solution, but the US is not listening

That Vanuatu thought to take its dilemma to the highest court in the world demonstrates the severity of the issue

Tata Group and Vedanta offer lessons in India's industrial policy

Tata, at least, has already made the right start. By its own account, Tata Electronics is a "venture of the Tata group with expertise in manufacturing precision components."

Vedanta nears deal to raise $1.25 billion funding via private loan

Representatives for Vedanta also proposed delaying payments on the dollar bonds, a plan that met with investor opposition, Bloomberg reported on Sept. 28

Cooling electric vehicle sales have Tesla, GM & Ford rethinking investments

While the battery-powered vehicle market is still expanding, the pace of growth has slowed considerably

Why Indian single malt whiskeys could soon turn the table on Scotch

Since scotch accounts for just 2% of the whisky consumed in India, the scope for expansion has distillers in Scotland fairly smacking their lips in anticipation

Singapore may review past takeovers on grounds of national security

Under the new law, where an entity has acted against Singapore's national security interests, any change in ownership or control of the entity within 2-yrs prior to the act may be reviewed

Bonds are looking attractive and set to beat cash, says Goldman Sachs

Goldman Sachs strategists see 10-year Treasury yields at around 4.6 per cent over the next 12 months, just below their current level after this week's sharp fall