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Truist Financial Corporation has announced that it is making hundreds of millions of dollars in loans available to residents, businesses and local governments affected by Hurricane Helene in North Carolina

The Biden administration is on its way out of power, but that's not ending the arguments between the administration and airlines that think they are being over-regulated

Two television networks with “NBC” in their names — MSNBC and CNBC — will no longer have any corporate connection to NBC News once a spinoff formally takes effect in about a year

Elon Musk joined Google CEO Sundar Pichai on a call with U.S. President-elect Donald Trump, according to The Information. Pichai called Trump to congratulate him on his victory over Kamala Harris in the recently concluded U.S. presidential election. While the conversation details remain unclear, Musk reportedly listened in as Pichai conveyed his message to Trump.

Subscribe to enjoy similar stories. BENGALURU : Enterprise e-commerce unicorn Moglix has acquired Uttarakhand-based Khatema Fibres Ltd, a manufacturer of eco-friendly paper products, for approximately ₹80 crore, as part of its strategy to bolster its sustainable packaging portfolio and cement its leadership in the industrial procurement space. The deal, announced by Moglix founder and CEO Rahul Garg, adds a suite of specialty packaging products—including high-strength kraft paper, food-grade packaging solutions, and machine-glazed papers—to its offerings.

Chief of Staff position, sparking widespread criticism online. The posting shared on Goyal's X account, specified that candidates would need to pay Rs 20 lakh for the first year of the role, with no salary offered during this period. The Rs 20 lakh payment, however, would be directed as a donation to Feeding India, Zomato’s non-profit initiative. Additionally, Zomato pledged to contribute Rs 50 lakh to a chosen charity by the candidate.

Marc Rowan, the Apollo Global Management CEO, may soon be US Treasury Secretary. The Financial Times reports that he's the preferred candidate for the job. Bloomberg says that Rowan has his Treasury Secretary interview today, along with former Federal Reserve Governor Kevin Warsh.

The Alberta government has appointed former prime minister Stephen Harper as the new chair of AIMCo, less than two weeks after ousting the fund’s board of directors and its chief executive.

First things first. Hot off the press.

This year, Russian missile attacks have knocked out about 50% of Ukraine's power generation, a major threat as winter looms

California voters have rejected a measure on the November ballot that would have raised the minimum wage for most workers to $18 an hour

Campbell’s is ditching the soup — at least in name

My role as Ficci president involved close engagement with GoI to discuss a range of topics related to economic growth. This was enabled by inputs from industry members, ranging from large companies to MSMEs, the in-depth analysis from a fantastic team at Ficci, and most importantly, a gov that is open to listening and working closely with industry. The year began with a meeting with Prime Minister Narendra Modi. We outlined priorities linked to GoI’s ‘Viksit Bharat’ goal. Key focus areas were: Make in India, women-led development, farm prosperity, and sustainability. A set of actions were outlined for Ficci committees, which comprised CEOs across a wide range of industries and companies. McKinsey provided support in developing the framework and enabling key outcomes.

Zomato CEO Deepinder Goyal is looking for a chief of staff for himself. He shared a job posting for the role on his X account and wrote, "“Update: I am looking for a chief of staff for myself."

Elon Musk has been a very important figure in the US Presidential elections 2024, and has been quite instrumental in Donald Trump's thumping victory in the polls against Kamala Harris. The Tesla CEO, after the victory of Trump, was announced as the co-head of a special department to begin in Trump's regime, that will keep a check on federal expenses.

Sula Vineyards Ltd CEO Rajeev Samant hopes that the current slowdown in urban discretionary demand is «more of a temporary blip and not structural» one. In the second quarter of the fiscal year, the company's net revenue declined 1.2 per cent to Rs 142 crore as compared to Rs 143.7 crore in the year-ago period, while profit after tax dipped 37.3 per cent to Rs 14.5 crore as against Rs 23.1 crore in the same quarter last fiscal year. Samant told analysts that in the second quarter the company witnessed «a temporary slowdown in consumer demand across discretionary categories, including alcoholic beverages, particularly within urban India, which does represent more than 90 per cent of Sula's customer base». Post-Covid, he said, «We saw a surge in domestic wine consumption which lasted until last year, as the consumer did a bit of cocooning at home and splurged on creature comforts.»

NoBroker, the online real estate platform, faced significant obstacles in its early days, including physical threats from traditional brokers angered by the company's disruptive business model, CEO Amit Kumar Agarwal revealed at the Technovate for India program in Bengaluru. In 2015, a group of brokers attacked NoBroker's office, assaulting employees and attempting to force their way into the building. This incident, Agarwal shared, forced the company to relocate overnight and keep their office locations unlisted on Google Maps for safety. Despite these challenges, NoBroker has grown significantly, now boasting a valuation of over $1 billion. “We’ve gone from zero to over 30 mn cumulative users and now add half a million new customers every year,” stated Agarwal at the event, organized by The Times of India and Talrop.

An «industrial renaissance» in the U.S. is fueling demand for capital, Marc Rowan, CEO of Apollo Global Management said at the Global Financial Leaders' Investment Summit in Hong Kong.

Godrej Properties Ltd has acquired 53-acre land in Kolkata to build a residential plotted development project that will have revenue potential of around Rs 500 crore. Godrej Properties is one of India's leading real estate firms. In a regulatory filing on Wednesday, the company informed that it has acquired about 53-acre land parcel in Joka, Kolkata. «The proposed project is estimated to have a development potential of 1.3 million square feet of saleable area comprising primarily residential plotted development with an estimated revenue potential of Rs 500 crore,» Godrej Properties said.

ProcMart, an online B2B e-commerce marketplace, is expanding into biofuels and sustainable packaging. Anish Popli, Founder and CEO of ProcMart, said that 90% of the company’s clients are Fortune 500 companies. “These clients put a lot of weightage on sustainability. Their procurement managers come to us looking for a sustainable supply chain. After discussions with them, we have realised we can help these large organisations in biofuels and packaging,” he said. Sustainable packaging is one way to reduce carbon emissions, and ProcMart can contribute to this as it is also into packing and shipping items. ProcMart, being a marketplace for commodities, has added biofuel in its products. It has started procuring biofuels for clients. Popli says more clients are asking for biofuels.

$300m is a lot of money. It was even more money in the late 1980s, when Howard Lutnick, the man who might now be Donald Trump's Treasury Secretary, made $300m in profit for Cantor Fitzgerald. Lutnick joined Cantor aged 22 in 1983; he became CEO there seven years later, aged 29.