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LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source familiar with the matter told CNBC Thursday, confirming earlier reporting by Sky News.

Editor’s note (June 20th 2024): The Supreme Court has ruled in Moore v United States, upholding the tax at issue (the “mandatory repatriation tax"). The court declined to weigh in on the constitutionality of a tax on unrealised gains. The rich are different from other people. They have more money and, in most places, they pay much less tax.

BC Jindal Group on Thursday announced its foray into India's renewable energy sector, with a plan to invest USD 2.5 billion in the next five years. With an existing portfolio of 1,200 MW thermal power generation in Angul, Odisha, BC Jindal Group has floated a dedicated entity to hold the renewable venture of the group, a statement said. The group plans to invest around USD 2.5 billion in the renewable energy sector in the next 5 years, the statement added. BC Jindal Group, India's leading conglomerate, with over Rs 18,000 crore turnover, will oversee the renewable power generation and solar cells and module manufacturing businesses.

Banijay Asia, part of content powerhouse Banijay Entertainment, has inked a deal with Sony Pictures Television, the global television production and distribution company, acquiring format rights to produce Indian remakes of five of its popular international scripted series. The five shows include Drop Dead Diva, La Prepago, Men At Work, Mob Doctor, and Rosario Tijeras. Drop Dead Diva is a blend of comedy and drama that follows the story of a fashion model who dies in a sudden car accident and reincarnates into the body of a brilliant, plus-sized lawyer.

A former recruiter at Osaic, known until recently as Advisor Group, has dropped her lawsuit that alleged pay discrimination, retaliation and sexual harassment by the firm against her.

Walt Disney on Wednesday named board member and Morgan Stanley executive chairman James Gorman to chair its succession planning committee, which is looking for the next chief executive officer. The board has extended CEO Bob Iger's retirement date five times. Iger retired once and then was brought back in late 2022 to replace his hand-picked successor, Bob Chapek. Disney won a months-long proxy war with activist investor Nelson Peltz and is refocusing attention on finding Iger's successor.

Premier Energies has announced a price band of Rs 427-450 for its upcoming Rs 2,830 crore initial public offering (IPO) which will open on August 27. The IPO consists of a fresh issue of equity shares aggregating up to Rs 1,291 crore and an Offer for Sale (OFS) of up to 3.42 crore shares by the selling shareholders, which is equivalent to nearly Rs 1,539 crore based on the upper band price of Rs 450.

regulator, the Securities and Exchange Board of India (Sebi) will have a new look as two members exit after the end of their respective terms to make way for two incoming candidates. The Sebi chief, while also a full-time member of the board, reports to it. IIM Bangalore professor V Ravi Anshuman and bureaucrat Manoj Govil, who joined the board in 2019 and 2022, respectively, are exiting. The former's five-year tenure with the regulator has ended and the latter's role is being reassigned from corporate affairs secretary to expenditure secretary at the Centre.

Parvovirus B19, which causes "slapped cheek" syndrome, has been more common recently, especially in children in the US. Following a noticeable spike in cases across Europe in the first few months of the year, the virus was said to be spreading. The number of infections among children aged five to nine has increased dramatically from 15% in 2022 to 40% by June 2024, prompting the CDC to issue a health alert last week. Adults who work closely with children in healthcare and educational environments are also more susceptible to illness, as per the reports of Metro.co.uk.

Lionel Messi's injury has raised concerns among soccer fans as Inter Miami footballer has been out of action since Argentina's Copa America 2024 triumph on the US soil in mid-July. Now injured Argentina captain Lionel Messi has been left out of the squad announced by the Argentine FA for September's South American World Cup qualifiers against Chile and Colombia. The 37-year-old Messi was not included in the 28-man squad following an ankle injury sustained during last month's Copa America final in the United States. The Inter Miami player is currently recovering from a right ankle injury at his club. Neither Messi nor the Inter Miami club management has divulged details about his return for the competitive game.

Premier Energies, India's second-largest integrated solar cell and solar module manufacturer, will open for subscription on August 27 and close on August 29. The IPO consists of a fresh issue of equity shares aggregating up to Rs 1,291 crore and an offer for sale (OFS) of up to 3.42 crore shares by the selling shareholders.

It all started a couple of years ago when Juliana Pache got stuck while doing a crossword puzzle, the clue making a reference she wasn’t familiar with

Super.Money has officially launched its credit-first Unified Payments Interface (UPI) application for the public, following a successful beta phase that saw over 10 million transactions. The Bengaluru-based startup has completed testing its credit on UPI solution and has introduced a wait-list programme. Super Money’s first credit solution is a Rupay credit card that functions as an interest-bearing wallet on UPI rails, it said. The company is working with Utkarsh Small Finance Bank, IndusInd Bank and Axis Bank to offer various financial services. Prakash Sikaria, founder and CEO of Super.Money, told ET that the company aims to be among the top five players in India’s competitive UPI market. Currently, Walmart-owned PhonePe and GooglePay dominate the market, accounting for over 85% of the 14.4 billion UPI transactions recorded in July.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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Indian retail industry ranks fourth globally and accounts for more than 10% of India’s gross domestic product (GDP). Rising disposable incomes, rapid urbanisation, technological advancements, increased brand awareness, and improved shopping experience are significant growth drivers of the retail industry. Within this fast-paced industry, two players have captured the nation's attention with consistent growth in revenue and profits.

MK Surana, Former CMD, HPCL, says crude below $80 and the cracks at $13 for HSD and $11 for MS, make OMCs well placed on overall setup. Also, many of these OMCs are going on a new path. OMCs are in a stage where there is a growth potential with a surety of the existing cash. Of course, the overhangs on the pricing part continue to be there, the possibility or not possibility of some interventions. Pure EV play may take some more time and the hybrid may be more common in the near future to come and that augurs well for the OMCs. How do you see the outlook for oil marketing companies? On the one hand, Brent is continuously under check, under $80 now and on the other hand, these OMCs are transforming beyond just being distributors of traditional fuel as well. MK Surana: The stage looks good as of today because the crude is below the psychological mark of $80. The global demand weakness as per many of the agencies who forecast is getting moderated from all the three agencies who have been doing IEA, EIA, or OPEC. The Indian demand is good on the overall while the global demand is lower. People have started recognising the weaknesses in China's demand growing in the current phase.

Ola Electric successfully met the minimum localisation criteria of 50% as mandated by the Ministry of Heavy Industries. The company stands to receive incentives ranging from 13% to 18% of the determined sales value of compliant products for up to five consecutive financial years starting from Fiscal 2024. With this Ola Electric has become the only EV maker to get PLI compliance certification for four products: S1 Air, S1 Pro, and S1 X models in both 3 kWh and 4 kWh versions. The S1 Air received PLI certification earlier at the Auto PLI Conclave held in January 2024. Following this announcement, shares of Ola Electric rose by 4.4% to INR 143.8 in Wednesday trading on the BSE.

sports retailer Decathlon on Wednesday said it will invest 100 million euros (around Rs 933 crore) in India, its one of the fastest growing markets, in the next five years to expand retail footprint and manufacturing operations. The company expects its business to become double in next three to five years, said Decathlon India CEO Sankar Chaterjee. The company plans to have a network of 190 stores, having presence in over 90 stores in next 5 years as part of its expansion, he added. Besides, a handful of this would also be spent on enhancing the digital channel as per the omni-channel approach of the company.

₹10,000, you’ll find a wide range of options available. Whether you’re a beginner seeking a dependable and affordable bike or looking to upgrade your current ride, key considerations include suspension quality, ease of assembly, and performance accessories. In this article, we’ll explore five top budget-friendly bicycles, analysing their features and specifications to help you make an informed choice.

AUM of $150 billion) and Singapore-based Mars Growth Capital Partners (AUM $1.5 billion), according to two people familiar with the plans. Others that have set up local operations since this January include South Korea’s sovereign fund KIC, Japan’s Advantage Partners, and Singapore-based Growtheum Capital Partners.