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ecommerce giant Amazon on Wednesday exited retail chain Shoppers Stop by selling a 4% stake in the company for Rs 276 crore through an open market transaction. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, sold nearly 44 lakh shares or 4% stake in Mumbai-headquartered Shoppers Stop, as per the block deal data on the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 627.60 apiece, taking the transaction value to Rs 275.89 crore. Asset and wealth management company 360 One, through its four affiliates, acquired stakes in Shoppers Stop. Also, Kotak Mahindra Mutual Fund (MF), Tata MF and Morgan Stanley also picked up shares in the department store chain at the same price.

“The Ministry of Defense of Russia must be ready for any development of events, including a possible military conflict with NATO in Europe in the next decade,” Belousov said. The comments by the Putin minister came as US-President elect Donald Trump has called for a rapid end to the fighting. “We’re trying to get the war stopped, that horrible, horrible war that’s going on in Ukraine, Russia, Ukraine. We’re going to get a little progress, it’s a tough one, it’s a nasty one, it’s nasty," Trump had said.

Capybaras are having a big moment

In case you hadn’t heard, 2025 is shaping up to be a good year for investment bankers. It’s not just rhetoric, either – they’re putting their money where their mouth is and hiring in anticipation of it, too.

Ex-Credit Suisse people have turned up in a lot of places since their house burned down, but Santander has rescued more than most. By our reckoning, the Spanish bank added over Credit Suisse bankers last year. Most, but not are all, were ex-Credit Suisse managing directors in the US. Many were CS veterans, who spent tens of years at the firm. They included David Miller, the former head of Credit Suisse's investment bank, who joined in the US last November.

Fresh from promoting Brian Carosielli as global head of credit trading, Bank of America has made some new changes to its credit business. It hasn't hired any new traders. It has given its existing big credit traders some even bigger jobs. 

Identity verification startup Bureau has secured $30 million in a fresh equity funding round led by US venture firm Sorenson Capital and PayPal Ventures. Existing investors Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital and XYZ Ventures also participated in the round. While this is primarily a fresh infusion into the company, there is a small secondary component where some of Bureau’s early investors and employees have sold their shares. This round takes the overall funding raised by the company to around $50 million.

Donald Trump 47th President. The election was preceded by an entire year of campaigning, and a neck-and-neck competition between the Democrats and the Republicans. As Democrat nominee and US Vice-President Kamala Harris and Trump vied for the White House, India became the talk of the election. With 2.6 million eligible Indian-American voters — according to data from the Carnegie Endowment for International Peace — the Indian diaspora’s growing political significance was felt in key US swing states. These states, which were won by Trump, accounted for a significant number of Indian-American votes. Data suggested that there was a shift in the attitude of US voters of Indian origin this year. A large number of them shifted from Democratic Party to Republican Party in this election.

Meta Platforms' advertising revenue in the United States next year, as the social media platform improves monetisation of its products, according to research firm Emarketer. Why it's important Instagram's Reels competes with ByteDance's TikTok and YouTube Shorts, as users find short-form videos more engaging, driving marketers to adopt the format at a time when Meta is looking to boost revenue from the product by placing more ads.

Tom Cruise is now a real-life military hero after years of playing military heroes on screen. The 'Top Gun' star was honoured with the Department of the Navy Distinguished Public Service (DPS) Award during a ceremony in London on Tuesday, which recognized Cruise’s contribution and dedication to the US Navy through his film work. Top Cruise was awarded the US Navy's top civilian honor on Tuesday for “outstanding contributions to the Navy and the Marine Corps” with “Top Gun” and other films, reports news agency AP. He works in the UK. “Top Gun,” the smash hit 1986 movie about Cold War flying aces, made Cruise a star and drove a spike in military enlistment. The Navy even set up recruitment tables in theaters.

Nirmala Sitharaman as she prepares to present the Union Budget 2025. The trade deficit, driven by high import bills and fluctuating export growth, demands targeted interventions to ensure sustainable economic growth. India’s trade deficit in November widened to an all-time high of $37.84 billion from $27.1 billion in, which has put some pressure on the local currency. This year, the Indian Rupee often traded at around record lows against the US dollar.

Subscribe to enjoy similar stories. U.S. authorities are investigating whether a Chinese company whose popular home-internet routers have been linked to cyberattacks poses a national-security risk and are considering banning the devices.

The holidays are meant to be a time of celebration with family and friends

Bharti Airtel’s Africa unit is seeing strong business resurgence and is set to pull ahead of rival telcos operating in the African continent, including MTN, Vodacom and Orange by recording the highest revenue growth in Year 2025, analysts and industry experts said. London-based NewStreet Research estimates that Airtel Africa Plc will deliver 20.6% on-year revenue growth in Year 2025 vs 17.2% (MTN), 9% (Orange) and 6.8% (Vodacom). In Year 2024, Airtel Africa is estimated to have drawn level with MTN, with both telcos slated to report over 21% on-year revenue growth — significantly higher than Orange and Vodacom’s 9.4% and 6.4% estimated growth levels respectively, the UK brokerage added.

US Embassy in India will implement new rules for scheduling and rescheduling nonimmigrant visa appointments. «To make sure everyone has a fair chance at getting a visa interview appointment and to reduce wait times, we’re making some changes,» the US Embassy in India said in a statement. Applicants will be allowed to reschedule their appointments once without additional charges. However, missing the rescheduled appointment or requiring a second reschedule will necessitate booking a new appointment and repaying the application fee.

Subscribe to enjoy similar stories. Xi Jinping and Donald Trump’s bromance could be rekindled in 2025, if both sides play their cards right. This is positive and would help create the right environment for an improvement in ties between the two superpowers, but timing and tone are everything.

Gold has delivered returns of over 20% in 2024, which is not only higher than the returns given by headline indices Nifty and the BSE Sensex in the period but also superior to its own performance in the previous two years. A fragile geopolitical order, central bank buying and economic headwinds across the globe have kept the yellow metal on the boil. It is, however, up against formidable challenges in the form of strengthening US dollar and cryptocurrencies in 2025, opined experts. Nifty and Sensex gains so far this year have been to the tune of 12%.

Svetlana Dali certainly is tenacious.The alleged Delta Air Lines stowaway is, once again, making headlines — this time for trying to sneak her way into Canada, reportedly cutting off her ankle monitor before boarding a Greyhound bus to the Great White North.Dali, a 57-year-old Russian national, was taken into custody in Paris late last month after she snuck onto a Delta Air Lines flight at New York’s JFK International Airport without a boarding pass on Nov. 26 and flew all the way to Charles de Gaulle Airport in Paris, apparently concealing herself by spending long periods of time in the plane’s multiple bathrooms.She was detained when authorities discovered she didn’t have a valid visa to enter the country, French National Police said at the time.After two unsuccessful attempts to deport her back to the U.S.

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, aut...

«We are continuing to take steps to further knock down barriers to private sector cooperation, and importantly, we are in the process of finalising national security memorandum that will update our own export control policies under the Missile Technology Control Regime (MTCR),» Finer said. Finer, Deputy Secretary of State Kurt Campbell and Indian Ambassador to the US Vinay Kwatra visited Houston on Tuesday and met the astronauts of the Indian Space Research Organization (ISRO) who are training at NASA's Johnson Space Center to execute a joint effort of the International Space Station next year.

Subscribe to enjoy similar stories. For decades, a global guessing game has focused on whether the people of China will tire of single-party rule. Any failure to sustain a heady pace of economic expansion, went one hypothesis, would stir mass discontent and put its Communist regime on notice.