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The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said, leaving its previous estimate unchanged

Australian Treasurer Jim Chalmers has welcomed efforts by China to perk up its slowing economy

Stocks in Asia are mostly higher, boosted by moves by China to rev up its economy

OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top talent this week.

AAP leader Manish Sisodia alleged that the BJP was trying to kill democracy in the Delhi Municipal Corporation by forcing a standing committee member election to take place late in the night, despite adjournment of the House meeting of the civic body. Manish Sisodia said, «Tonight, on the orders of PM Narendra Modi, BJP is killing democracy in the Delhi Municipal Corporation. The election of the standing committee member was to be held in the Delhi Municipal Corporation today. Mayor Shelly Oberoi tried to conduct the election for the Standing Committee but there was uproar in the House and it had to be adjourned. The Mayor adjourned the House till 5 October and decided that now the meeting would be held again on 5 October for the election of the Standing Committee.» Sisodia further said that although Delhi LG VK Saxena was abroad, he ordered the election of the standing committee to be conducted immediately at night at any cost.

Subscribe to enjoy similar stories. Mumbai: China's Tencent Holdings Ltd is set to sell its stake in Dream11 parent Sporta Technologies Ltd, two people familiar with the development said, as the gaming unicorn moves to comply with regulations on Chinese investments. Singapore-based Tiga Investment Pte Ltd will acquire Tencent's shares for over $150 million, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories. MUMBAI : Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. A large number of traders lost their money in India’s futures & options (F&O) market, showed an analysis by the Securities and Exchange Board of India (Sebi).

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations.

ChrysCapital is looking to create an investment platform as it closes in on at least two bakery-patisserie and dessert chains, Theobroma Foods and Belgian Waffle Co., at a combined valuation of around Rs 3,200-3,500 crore, said people aware of the development. It has a 60-day window to submit a binding offer for Theobroma and is aiming to finalise the terms of acquisition of Bloombay Enterprises, which owns and runs Belgian Waffle, for around Rs 1,000 crore in the next 30 days, said the people cited above. Bloombay is owned by husband-and-wife founders Shrey and Alisha Aggarwal and investor Marathon Edge Partners, which holds a 22% stake. Final Rounds of Diligence ChrysCapital, which is seeking to raise $2-2.2 billion for its tenth fund—its largest till date—is competing with EQT Partners for the Theobroma buyout and is in the final rounds of diligence. ChrysCapital returned over $7 billion from 80 exits and deployed $4.5 billion in over 100 investments.

WeWork Inc.’s plan to sell the 27% it holds in its Indian unit and exit the country has collapsed, according to three people aware of the matter. This comes after the Competition Commission of India (CCI) had approved the proposal. Along with the bankruptcy-hit WeWork Inc., the coworking firm’s local partner WeWork India, promoted by Bangalore-based realtor Embassy Group, was also slated to divest a 13% stake to a consortium of investors including the Enam group family office, A91 Partners and CaratLane founder Mithun Sacheti in a Rs 1,200 crore secondary transaction, as reported first by ET on April 22. The Indian real estate group holds 73% in the India unit while WeWork Inc. owns the rest. The deal cleared by the regulator, as per a June 18 order, involved a two-step process that would see WeWork Inc. and Embassy together selling a stake of about 40% to new investors.

Carlyle Group portfolio companies Sequent Scientific and Viyash Life Sciences are in advanced talks for a potential Rs 7,000-8,000 crore merger, according to people familiar with the matter. Boards of both companies are likely to discuss the possibility in the coming week, according to those cited. There is no certainty a transaction will materialise, they said. Sequent is listed and Viyash isn't. Viyash generated 1.5 times the operating profits of Sequent in FY24, said the people quoted above, adding that the two are exploring the merger due to possible back-end synergies. ET first reported the story online on Thursday.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

China is redoubling its first-aid for the economy, targeting banks, workers and poor families as the ruling Communist Party prepares to mark the 75th anniversary of the founding of the People's Republic

U.S. stocks rose to another all-time high, but a slide in oil prices kept the gains in check by weighing down energy companies

celebrity arrests comes up. Combs has been charged with multiple crimes and none of them sound very good for an influential rapper, who has connections in Hollywood as well as other powerful and influential sectors in the US, something he has apparently used to push forward his crimes, if reports are to be believed.

Kamala Harris has been receiving the support of many powerful and influential Americans in recent weeks, and this entails some of the richest philanthropists, celebrities and those with the ability to attract voters and swing the polls in Harris' way. The biggest name so far that has come out to support Harris publicly is Taylor Swift, who is one of the most followed celebrities in the US, as well as the rest of the world.

Donald Trump needs to focus on some of the key American issues in recent times, and promise the nation that he will work on them after coming to power. Only then can the former US President be elected to the White House by Americans, who are this time, searching for the candidate who will take forward the true vision of America. US elections: The new MAGA goal should be focusing on pressing issues United States is plagued with a number of crisis at this point, and one which tops it all off is the impending recession and its effect on the US economy. The stock markets and jobs data have already started reacting to recession fears, and even though inflation levels are falling to the normal baseline, recession fears is being driven up by majority of other factors including increasing unemployment rates. The US Fed Reserve went as far as introducing a whopping 50 bps rate cut but that could stop the bleeding for now, and if Trump really comes to power, he has to immediately begin planning necessary remedies to counter the root causes of an incoming recession.

Orion AR glasses are an extension of Meta’s work with the Ray-Ban Meta smart glasses, which provided users with a hands-free digital experience without a display. With Orion, Meta has integrated holographic displays and advanced AI, pushing towards a true augmented reality experience.

Fashion for Relief, by a UK watchdog group, Naomi Campbell will be prohibited from holding charitable trustee positions for a period of five years. In a report that was made public on Thursday, the Charity Commission of the United Kingdom stated that the charity was poorly governed and had inadequate financial management. According to its investigation, the charity devoted less than 9% of its profits to grants and charitable causes, and certain of its expenditures were deemed to be not reasonable. Besides security for the 54-year-old Campbell during a 2018 Cannes Film Festival event, this also includes a stay at a five-star hotel and spa treatments, room service, and the purchase of cigarettes. Bianka Hellmich and Veronica Chou, two of Campbell's co-trustees, were also disqualified from trusteeship for terms of nine and four years, respectively. Following an investigation by the Charity Commission, it was discovered that Hellmich had received over £290,000, or over $388,000, in unapproved consulting fees.

Abbott Elementary Season 4 trailer following the release of an official poster. The viewers are claiming that the trailer is hilarious.

manufacturing hub is fuelling warehousing demand from manufacturing-related sectors with multinationals setting up factories in the country. Demand from these sectors climbed to 25% of total domestic warehousing demand in the first half of calendar 2024 from 15% in 2019 led by factors like adoption of the China plus one strategy by multinationals and supportive Indian government policies such as the production linked incentive (PLI) scheme, which currently covers 14 sectors. During H1 2024, total leasing of warehousing space from manufacturing-related sectors reached 4.1 million sq ft, according to CBRE South Asia, a real estate consulting firm.