Reuters

Ventive Hospitality IPO gains 9.82 times subscription on last day of offer

As of September 2024, the company's portfolio has 11 operational properties, comprising 2,036 keys across the luxury, upper upscale and upscale segments

Ousted Bangladesh PM Hasina's son denies graft in $12.65 bn nuclear deal

Bangladesh's Anti Corruption Commission said on Monday it had launched an enquiry into allegations of corruption, embezzlement and money laundering in the Rooppur Nuclear Power Plant project

Apple seeks to defend Google's billion-dollar payments in search case

Prosecutors will seek to show Google must take several measures, including selling its Chrome web browser and potentially its Android operating system, to restore competition in online search

Big banks, business groups sue US Federal Reserve over annual stress tests

These tests determine the capital banks must set aside to meet their obligations and also dictate the scope of dividend payouts and stock buybacks

India's small businesses drive jobs growth, wage gains curbed by inflation

The number of small manufacturing businesses, mainly family- owned units such as garment makers, auto component makers and food processing enterprises, grew to 20.15 million

More than 5,000 Starbucks workers strike at 300 plus stores across US

The Christmas Eve strike on Tuesday was projected to be the largest ever at the coffee chain, the union added. These strikes are an initial show of strength, and we're just getting started

Sold net $9.28 bn in spot forex market in October, says RBI Bulletin

The RBI's net outstanding forward sale stood at $49.18 billion as of October end, compared with a net sale of $14.58 billion at the end of the previous month, the data showed

American Airlines lifts ground stop after unspecified technical issue

A notice on the US Federal Aviation Administration website merely said the company had requested a nationwide groundstop, without giving a reason

Gold edges higher in holiday trading, focus remains on Fed outlook

After aggressively cutting rates in September and November this year, the Fed persisted with cuts in December but hinted at fewer reductions in 2025

Govt reviews $30 billion sulphur-cutting programme for coal plants

Instead of FGDs, government officials have proposed deploying locally made electrostatic precipitators that remove fine particles such as dust and smoke from emissions

Govt's push for home-grown satellite constellation gets 30 aspirants

The regulator had sought "expressions of interest" (EoI) in July to build home-grown satellite constellations as part of a broader strategy to monetize the sector and ensure data sovereignty

State refiners may buy Middle East spot oil to replace Russian shortfall

The refiners fear continued problems in securing Russian oil in the spot market could continue in coming months

Starbucks strike to expand to 300 stores on Christmas Eve, says union

Starbucks Workers United, representing employees at 525 stores nationwide, said more than 60 US stores across 12 major cities, including New York, Los Angeles, Boston and Seattle, were shut on Monday

China plans record $411 billion special treasury bond issuance next year

The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors

China to hike pensions, med insurance subsidies to spur consumption in 2025

The country will boost the basic pension for retirees and for urban and rural residents and raise financial subsidy standards for urban and rural residents' medical insurance

Apple approaches $4 trillion valuation as investors bet on AI momentum

The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about 16% jump in shares since early November that has added about $500 billion to its market

Microsoft works to add non-OpenAI models into 365 Copilot products

It is the latest effort by Microsoft, which is a major backer of OpenAI, to lessen its dependence on the AI startup - a departure from recent years when Microsoft touted its early access

Nippon Steel's US Steel bid referred to President Biden for final decision

The Committee on Foreign Investment in the United States (CFIUS), which reviews foreign investments in the US for national security risks

Sudan halts participation in hunger-monitor system on eve of famine report

In a letter dated Dec. 23, the government's agriculture minister said the government is halting its participation in the Integrated Food Security Phase Classification (IPC) system

Rupert Murdoch's News Corp to sell Foxtel to Britain's DAZN for $2.1 bn

News Corp will gain a board seat and hold a 6 per cent stake in DAZN, a London-headquartered streaming platform