Fraud Lawsuit: Elon Musk must face fraud lawsuit for disclosing Twitter stake late
NEW YORK: Elon Musk was ordered by a US judge to face most of a lawsuit claiming he defrauded former Twitter shareholders last year by waiting too long to disclose that he had invested in the social media company, which…
Luxury Properties: ‘Considering hotels in India with interest:’ Jumeirah Group CCO
NEW DELHI: Dubai-based Jumeirah Group is “considering” having hotels in India, one of the key source markets for its current portfolio of 27 luxury properties globally. While almost half of them are in the Gulf, the group’s senior leadership is…
Airbus and Louis Dreyfus Armateurs to Trial eSAILs on Ville de Bordeaux
Dark/Light Mode (29/09/23) Airbus has confirmed that it will equip one of the vessels it uses to transport aircraft subassemblies, chartered from shipowner Louis Dreyfus Armateurs, with a special sail that will deliver savings in fuel consumption and CO2 emissions….
US job openings unexpectedly rise in August
WASHINGTON: US job openings unexpectedly increased in August, pointing to tight labor market conditions that could compel the Federal Reserve to raise interest rates next month.Job openings, a measure of labor demand, jumped 690,000 to 9.610 million on the last…
Dusit Opens 11th Luxury Hotel in China
Dark/Light Mode (29/09/23) Dusit, one of Thailand’s leading hotel and property development companies, has expanded its portfolio of hotels in China with the opening of the Dusit Thani Mogan Mountain, Huzhou, the group’s 11th hotel in the country. The Dusit…
PayU India CEO Anirban Mukherjee elevated to the position of global CEO
NEW DELHI: PayU’s India CEO Anirban Mukherjee has been elevated to the position of global CEO, keeping in line with the Prosus-owned firm’s transition to an India-centric strategy. In his new role, Mukherjee will join the Prosus leadership team and…
Uganda Airlines announces commencement of its India operations
Pune: Uganda Airlines on Tuesday announced the commencement of its India Operations with the launch of its new direct service, connecting Mumbai Chhatrapati Shivaji Maharaj International Airport and Entebbe International Airport in Uganda, with effect from October 7. This flight…
Anil Agarwal’s plan to overhaul Vedanta gets cautious shareholder welcome
Shares of Anil Agarwal’s Vedanta Ltd rose Tuesday, the first trading day after the Indian tycoon announced an overhaul of his sprawling metals-to-oil empire, despite lingering concerns over the group’s multibillion dollar debt burden.The stock climbed as much as 5.1%…
HDFC Bank revamps top management after mega merger
MUMBAI: HDFC Bank Ltd is revamping some parts of top management as the Indian bank seeks to propel its mortgages business, three months after it acquired another lender. The bank detailed the changes in a memo to employees late Sunday,…
Barcelona opens first exclusive brand outlet in Surendranagar
Menswear brand Barcelona has opened its first brick-and-mortar store in the Gujarat city of Surendranagar. The exclusive brand outlet is located inside the city’s Citi Center Complex in Crozwy and retails both casual and formal wear. Denim in Barcelona’s new Gujarat…