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Sandwich chain Subway agrees to sell itself to Arby's owner Roark Capital

Roark beat out a late challenge from a rival bidding group led by TDR Capital and Sycamore Partners, which also submitted a final bid of more than $9 billion

Warner Bros Discovery to launch CNN Max news streaming service in US

Breaking news and analysis would further expand Max's programming, even as it allows CNN to reach a younger streaming audience

Meta platforms to launch AI model for writing computer codes Aug 24

Since the launch of OpenAI's ChatGPT late last year, enterprises and businesses have flocked to the nascent generative AI market for newer capabilities and refining business processes

US auto sales to rise in August on increased vehicle supply, strong demand

For 2024, global light-vehicles sales are expected at 90.2 million units

US weekly jobless claims fall as labour market remains tight: Report

Initial claims for state unemployment benefits decreased by 10,000 to a seasonally adjusted 230,000 for the week ended Aug 19

RBI's MPC to closely monitor food price spike to gauge inflation impact

The MPC, which has three members from the central bank and three external members, kept the repo rate unchanged at 6.50% in an unanimous decision

Struggling to stay afloat: SpiceJet to HC as it was ordered to pay ex-owner

In a Delhi High Court hearing on Thursday on Maran's case demanding the dues, SpiceJet said it was struggling financially

Paytm shareholder Antfin to sell 3.6% stake via block deal: Report

The floor price for the sale is set at 880 rupees per share, the report added, which is a 2.7% discount on Paytm's last closing price of 904.45 rupees

Brics' bank can finance African countries to tackle urgent challenges

Bank's president Dilma Rousseff also pointed to the need for joint infrastructure projects between several countries, noting that Africa has the world's greatest untapped hydroelectric potential

Indian banks' dividend to rise to at least 7-year high in FY24: S&P report

Banks will likely account for 13% of the aggregate dividend payout across all sectors this fiscal year ending March 31, up from 12% and 9% in the previous two financial years, per the report

Oil down on weak economic data, US Fed chief's speech in spotlight

Brent crude fell 19 cents, or 0.2%, to $83.02 a barrel by 0619 GMT, while U.S. West Texas Intermediate crude dropped 24 cents, or 0.3%, to $78.65 a barrel

Diesel exports to Singapore set for highs in Aug, drop for Europe: Trade

India is on track to ship between 330,000 and 439,000 tons of diesel in August to Singapore, shiptracking data from Refinitiv, Vortexa and Kpler showed

Economic data in Europe gets worse, ECB interest rate pause on cards

Wall Street futures also pointed to a bounce having been pressured on Tuesday by higher bond yields, which hit 16-year highs

Dollar slips as data shows economy near stalling point, growth at weakest

The U.S. dollar index - which measures the currency against six major counterparts - was down 0.06% at 103.53

Oil down 1% as weak US gasoline demand offsets big draw in crude stocks

Prices bounced off session lows as investors noted a much larger-than-expected draw in U.S. crude stocks

India Post Payments Bank plans to double income in FY24: MD Venkatramu

India Post Payments Bank (IPPB) reported a net profit of 200 million rupees in 2022/23, Venkatramu said, as compared with a loss of 1.6 billion rupees in the previous year

Vegetable price inflation to decline from Sept, says RBI Governor Das

He said despite core inflation in the country remaining elevated, the steady easing seen in the last few months indicates that monetary policy transmission is happening

These Chandrayaan-3 linked firms gained ahead of successful moon touchdown

The mission received heightened attention after Russia's Luna-25 mission failed less than a week earlier

India likely to present incentives for ailing textile by Dec: Trade body

Earlier this month, govt officials reviewed the PLI scheme, launched in 2020, under which govt proposed to offer around Rs 2,400 crore in cash incentives to 14 sectors

Govt set to ban sugar exports from October for first time in 7 years

India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, after letting them sell a record 11.1 million tonnes last season