The Banks have threatened to suspend new loans to public sector workers within weeks unless the CAGD clears a backlog of unremitted loan repayments.
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Burger King to enter China joint venture, plans to double stores
US fast-food chain Burger King will rapidly expand its China operations in coming years, its parent company said, selling its controlling stake to form a new joint venture powered by hundreds of millions of dollars in local investment. The latest shake-up follows an announcement last week by Starbucks that it will sell a controlling stake in its China retail operations.
'Demon Slayer' helps Sony hike profit forecasts
Shares in Japanese giant Sony jumped more than five percent Tuesday after it hiked full-year profit forecasts thanks to the latest "Demon Slayer" anime blockbuster. Japanese auto giant Toyota last week also hiked its operating income and net profit forecasts for the current fiscal year.
Sony hikes profit forecasts on strong gaming, anime sales
Japanese giant Sony hiked its full-year revenue and profit forecasts Tuesday on the back of the huge global success of the latest "Demon Slayer" anime blockbuster. "Demon Slayer: Kimetsu No Yaiba -- Infinity Castle: Part 1," the first title in a new trilogy based on the popular manga series, has been a huge hit.
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