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Motel 6, the budget hotel chain that has lined U.S. highways for decades, will be sold to Oyo, an India-based hotel operator, the companies announced Friday. Blackstone, the private equity giant and the owner of Motel 6's parent company, said the transaction would be an all-cash deal for $525 million. The deal is expected to close before the end of the year, and would include the chain's offshoot hotel brand, Studio 6. Oyo expanded into the United States in 2019, and has recently ramped up efforts to expand further. It currently operates more than 300 hotels domestically. The company, which specializes in budget hotels and proudly describes itself as «a startup,» had received a large investment from SoftBank. But some troubling incidents in India in recent years raised questions about some of its business practices.

Boeing said on Friday the head of its troubled space and defense unit is leaving the company immediately, in the first management change under new CEO Kelly Ortberg. Ortberg who took over in August said Ted Colbert would be leaving and Steve Parker, the unit's chief operating officer, would assume Colbert's responsibilities until a replacement is named at a later date. «At this critical juncture, our priority is to restore the trust of our customers and meet the high standards they expect of us to enable their critical missions around the world,» Ortberg wrote in an email to employees. «Working together we can and will improve our performance and ensure we deliver on our commitments.»

Apple clocked up to 25% higher sales of the iPhone 16 models on launch day compared with that of the iPhone 15 last year, with quick commerce platforms also getting into the act. But demand for the pricier Pro series surpassed supply. Several retail chains said availability of the costlier devices was at 20-25% of pre-bookings. Market tracker Counterpoint Research said based on early estimates, Day 1 sales of the iPhone 16 and 16 Plus were 20% higher than last year, while they were about 25% higher for the Pro models.

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Housing sales are estimated to decline 18% during July-September quarter across nine major cities to 1,04,393 units on high base, according to PropEquity data. Real estate data analytic firm PropEquity on Friday released the data for housing sales across nine major cities. Sales stood at 1,26,848 units in the same period last year. As per the data, the housing sales are estimated to rise only in Delhi NCR (22%) and Navi Mumbai (4%) during July-September period of this year.

Anna Sebastian Perayil, who worked at the tax consultancy's Pune office for just four months, tragically passed away in July, with allegations pointing to overwhelming work pressure as a contributing factor. In a letter to EY India chairman Rajiv Memani, Anna’s mother described her daughter’s workload as «backbreaking» and suggested it had taken a severe toll on her physical, emotional, and mental health. The incident has sparked widespread discussions on the excessive demands placed on young professionals across various industries.

With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.

Rakesh Jhunjhunwala’s Rare Enterprises senior partner and chief executive Utpal Sheth purchased a sea-view luxury apartment in a super-premium residential tower in Mumbai’s plush Worli locality for more than Rs 123 crore. Sheth was considered the late billionaire investor Jhunjhunwala's right hand man for almost two decades and is also a cofounder of multi-line and multi-asset financial services platform Trust Group. The apartment, spread over 15,795 sq ft of usable area in Oberoi Three Sixty West on Dr Annie Besant Road, is on the 54th floor of one of the wings of the tower. Sheth purchased the apartment jointly with two more family members.

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Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

The next chief of executive of Toronto-Dominion Bank is a 32-year insider who rose through the ranks from the bank’s business administration program to senior executive roles in insurance, investing and wealth.

NASA is seeking innovative solutions for nourishing astronauts on long-duration space missions, particularly those headed to Mars. The agency's Deep Space Food Challenge, initiated in 2021, prompted teams globally to create sustainable food systems for these missions. In the mission, Interstellar Lab emerged as the winner, receiving a $750,000 prize in August for its project, NuCLEUS (NUtritional Closed-Loop Eco-Unit System).

A broad group of civil rights organizations are calling on the CEOs and board members of major companies to maintain their commitments to diversity, equity and inclusion initiatives

quick-commerce platforms like Blinkit and BB Now it will be delivered to your doorstep within minutes. Albinder Dhindsa, the co-founder and CEO of Blinkit, informed in a social media post on Friday that the company will deliver the iPhone 16 in Delhi, NCR, Mumbai, Pune, and Bengaluru on the very launch day of the iPhone. «Get the all-new iPhone 16 delivered in 10 minutes! We've partnered with @UnicornAPR for the third year in a row, bringing the latest iPhone to Blinkit customers in Delhi NCR, Mumbai, Pune, Bengaluru (for now) — on launch day! P.S — Unicorn is also providing discounts with select credit cards and EMI options are available too,» said Dhindsa.

Before they were household names, many top U.S. designers got their start at The Council of Fashion Designers of America/Vogue Fashion Fund

All of 23andMe’s independent directors have resigned from its board in a rare move that marks the latest challenge for the genetic-testing company

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month

The stage is set, and in a short while from now we will be listening to industry leaders, innovators, policymakers, founders, and thought leaders as they take a long hard look at the startup ecosystem of India with the ‘funding winter’ in hindsight. Are you attending the ET Soonicorns Summit 2024 in Bengaluru today? There is still time to register and attend this revamped and repurposed event, and it will be worth the rush. To register: Click Here This is the third, and first-ever ticketed edition of the summit and has been themed, ‘From Resurgence to Resilience’ with a core messaging or call for startups to ‘Recalibrate. Rebound. Reinvent’—aimed at outlining the future of the Indian startup ecosystem.

Dinshaw Irani, CEO, Helios MF, says they have been moving out of PSU space for a while. Going forward, unless something dramatic happens in the sense of a divestment in the case of PSUs, I don’t think there will be any positive triggers for that space.Irani also says that they have not eased off in smallcaps. How is life after a 50 bps cut? What does it spell for India?

Members of a Senate committee looking into the bankruptcy of Texas-based Steward Health Care have adopted two resolutions designed to hold CEO Ralph de la Torre in contempt for not testifying before the panel