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The cancelled deal comes one day after news broke that $15 million of Fortress Trust customer’s digital assets were stolen. The theft was later blamed on Retool, a third party vendor that was victim to a phishing attack.

ZURICH (Reuters) -Credit Suisse has shed nearly 13% of its workforce this year, underlining the turmoil at the bank that was taken over by cross-town rival UBS in a state-engineered rescue earlier this year.

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Vipin Sondhi is member, CII National Council, chairperson, National Board for quality promotion, and former MD & CEO, Ashok Leyland and JCB India. Shreyas Shibulal, is founder & director, Micelio.

Target on Thursday announced it is going to shut down nine stores across several major cities in the United States from October 21. The move comes as a response to escalating incidents of violence, theft, and organised retail crime that have put the safety of both employees and customers at risk. Target's decision to close one store in New York City's Harlem neighborhood, two in Seattle, three in the San Francisco-Oakland area, and three more in Portland, Oregon, underscores the severity of the situation.

Infosys, Wipro Infosys and Wipro ADRs slumped in trade on Thursday on the NYSE as peer Accenture Plc’s growth guidance left investors in dismay. Quick Heal Technologies American venture capital firm Sequoia Capital has exited Quick Heal Technologies Ltd, by selling its entire 3.4% stake in the company through the open market on Thursday. Read more: Here's the trade setup for today's session Adani Green Abu Dhabi-based International Holding Co said it plans to sell its investment in Adani Group firms – Adani Green Energy Ltd and Adani Energy Solutions Ltd. Asian Paints Asian Paints Co-founder and Non-Executive Director, Ashwin Suryakant Dani, on Thursday passed away at the age of 81. Cholamandalam Investment Cholamandalam Investment and Finance launched a qualified institutional placement up to Rs 2,000 crore. Piramal Pharma USFDA conducted a good manufacturing practices inspection of Piramal Pharma's Bethlehem facility and issued two observations. Uno Minda Uno Minda to increase stake in its JV with Westport to 76% to accelerate growth in growing CNG and other alternate fuel markets. SBI Life The Board has approved the appointment of Amit Jhingran as the MD and CEO of the company with effect from October 01. Emami Emami announced its foray into the juice category with AloFrut through strategic investment in Axiom Ayurveda and its subsidiaries. Navin Fluorine Radhesh R Welling has tendered his resignation as the Managing Director and a Director on the Board of the company for personal reasons.

Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation.

International Franchise Association president and CEO argues franchise owners are better at identifying the needs of their employees.

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NEW DELHI : Indian benchmark indices fell the most in six days on Thursday on continued selling by foreign institutional investors (FII) amid rising oil prices and US bond yields and weak Asian markets like Hang Seng and Nikkei 225 which plunged almost a per cent and a half each. Indian investors were left poorer by ₹2.98 trillion, with the NSE’s market cap falling to ₹314.26 trillion. Underscoring the negative sentiment and possibility of an extended correction, fear gauge India Vix surged the most in six months.

RECENTLY I asked the manager of a large wine store on the Upper East Side of Manhattan, “Do you have any New Zealand wines that aren’t Sauvignon Blanc?" The answer was no. I wasn’t surprised. After all, this variety accounts for the vast majority (about 89%) of New Zealand’s wine exports, and almost five times more Sauvignon Blanc than Pinot Noir, the country’s second-most-popular grape, is currently planted there.

(Reuters) -Chico's FAS will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging 63% in premarket trading.

(Reuters) -GameStop on Thursday named billionaire Ryan Cohen as its CEO and chairman on Thursday, tightening the activist investor's grip on the ailing brick-and-mortar videogame retailer that he intends to turn around.

BOSTON (Reuters) — Hawaiian Electric CEO Shelee Kimura on Thursday defended the utility's decision not to de-energize power lines before high winds precipitated a deadly wildfire that killed at least 115 people and razed the historic town of Lahaina.

ALSO READ: Wipro appoints Aparna Iyer as new CFO as Jatin Dalal resigns Top Indian IT firm Tata Consultancy Services CEO Rajesh Gopinathan quit in March, while Tech Mahindra named Infosys veteran Mohit Joshi as its CEO and managing director, set to join in December. Dalal spent over two decades at Wipro, where he joined as a manager at its treasury operations and most recently held the position of president and CFO.

Disney Plus is set to implement stricter measures against password sharing and account usage outside of one's household, with these new regulations initially taking effect in Canada Starting on November 1. Subscribers in Canada received email notifications from the streaming service on Wednesday, outlining the updated rules concerning account sharing. Disney CEO Bob Iger had previously indicated the company's intention to address the issue of password sharing, aligning with the approach adopted by streaming behemoth Netflix, which began imposing an $8 charge for additional users on a single account earlier this year. Disney in the updated Subscriber Agreement, specified that a household includes only “the collection of devices associated with your primary personal residence" and used by the people who live there. The agreement also suggested that Disney+ will introduce new fee options for users who want to add outside members to their accounts, noting that the upcoming rule applies to everyone “unless otherwise permitted by your Service Tier”. The company is following in the footsteps of Netflix, which officially began cracking down on password sharing in the US and other countries in May.

By Supantha Mukherjee and Divya Rajagopal

TransIndia Real Estate Limited, an Allcargo Group company, has acquired two land parcels for warehousing with a combined value of Rs 231 crore in Gurgaon’s Farukh Nagar, two people aware of the deal said. Both land parcels are located in the Model Economic Township (MET) of Reliance Industries. The first property piece, measuring 56.52 acres, was purchased for Rs 134 crore by Allcargo Inland Park pvt Ltd, and the second, measuring 41.06 acres, was purchased by Jhajjar Warehousing pvt Ltd for Rs 97.5 crore, as per documents accessed by analytic firm CRE Matrix.

Hawaii’s top public utility officials and the president of Hawaiian Electric are expected to testify in a congressional hearing about the role the electrical grid played in last month’s deadly Maui wildfire

Billionaire Ryan Cohen, the largest individual investor in GameStop, is taking over as CEO at the video game retailer

Wall Street is holding near its lowest level since June as stocks drift