Latest

Large investors pull Adani's $2.5 bn share sale through after stock rout
Large investors pull Adani's $2.5 bn share sale through after stock rout
Business and Economy
by  AFP

Adani Group's ambitious share sale exceeded its subscription targets Tuesday in a relief for the Indian conglomerate, which is reeling from allegations of "brazen" corporate fraud that wiped more than $65 billion off its value. The $2.5 billion share offer was 112 percent subscribed by Tuesday afternoon, driven by corporate institutions, foreign funds and other large investors.

UK retail giant Tesco to axe over 2,000 jobs
UK retail giant Tesco to axe over 2,000 jobs
Business and Economy
by  AFP

Supermarket group Tesco, the biggest retailer in Britain, announced Tuesday plans to slash about 2,100 jobs, as sky-high inflation hikes costs. Tesco has benefitted from passing on some of its own rising costs to consumers, many of whom appear willing to stay loyal to the group even as UK inflation sits around the highest level in decades.