MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs 1,200 crore) through a block deal on Thursday, the term sheet of the share sale showed. The Banga family was one of the early investors…
Music mogul Sean “Diddy” Combs was found not guilty of racketeering and sex trafficking Wednesday but convicted of a less serious prostitution charge after a high-profile marathon trial in New York. The jury, after 13 hours of deliberation, found Combs guilty of two counts of transportation to engage in prostitution, each of which carries a…
A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defense. Tech firms and crypto startups are moving in on territory long dominated by Visa and Mastercard, powered by a new type of currency – the stablecoin – and a pitch merchants can’t ignore: lower…
House speaker Mike Johnson (AP) With only hours remaining before the planned vote, house Republican leaders and White House officials have launched a full-scale effort on Wednesday to push the massive GOP bill through the house and onto President Donald Trump’s desk.Multiple groups of house Republican lawmakers who have expressed concerns about the senate-approved version…
MUMBAI: RBI has barred pre-payment penalties on floating rate personal and small business loans, aiming to simplify lending and enabling switching lenders. The ban on prepayment charges applies on floating-rate personal loans, or on business loans given to individuals and micro or small enterprises regardless of how the loan is repaid or the source of…
PM Kier Starmer speaking during PMO’s (AP) Downing Street stated that chancellor Rachel Reeves has the prime minister’s full support following her emotional appearance in the House of Commons.Speculation over the chancellor’s future grew after PM Kier Starmer declined to confirm during Prime Minister’s questions whether Rachel Reeves would stay in her role until the…
US President Donald Trump announced on Wednesday that he has struck a trade deal with Vietnam. Under the terms of the deal, Vietnam will impose a 20% tariff on all goods exported to the United States which the US will have to pay zero tariffs.“I just made a Trade Deal with Vietnam. Details to follow!”…
The school bus collided with a lamppost before overturning, resulting in the deaths of the driver and three students, and injuring twelve others (Representative Image) On Wednesday morning, a devastating school bus accident in the Al Rusaiss area of Izki, located in Oman’s Dakhliyah Governorate, claimed the lives of four individuals, including three young schoolchildren—and…
Elon Musk owned Tesla is feeling the heat as his political opinion has been casting a shadow over the company’s sales since the last three months. Over the period, the sales of Tesla electric cars have fallen 13%, with predictions that the EV giant could also disappoint with its earnings.Between April and June, Tesla sold…
The GCC Grand Tours Visa, approved in November 2023, will soon allow visitors to travel across all six member states with a single application.(Representative Image) The Gulf Cooperation Council (GCC) will soon launch a unified tourism visa that allows travelers to visit all six member states with a single application. The announcement was made on…
