Maruti Suzuki, a subsidiary of Japan's Suzuki Motor and India's largest automobile manufacturer, intends to increase its vehicle production in the nation to 4 million by 2030, according to the Financial Times. By doing this, the company aims to reclaim its portion of the Indian market, which used...

US Secretary of Commerce Howard Lutnick has consented to sell or transfer shares in several companies in line with a government ethics agreement, according to The Wall Street Journal. Specifically, the official consented to shift a portion of the financial firm Cantor Fitzgerald to trusts, the...

The French energy firm Engie raised its revenue by 5.6% in the first quarter and reiterated its annual outlook. As stated in the company's press release, its revenue for January to March reached €23.3 billion compared to €22 billion during the same period last year. EBITDA increased by 0.4% to...

Chinese online retail heavyweights are waging an unprecedented funding war to dominate the burgeoning “instant retail” market, offering 30- to 60-minute deliveries and bleeding cash to win consumer loyalty. Alibaba and JD.com have each committed an eye-popping 10 billion yuan in subsidies to...

German pharmaceutical and chemical company Bayer announced plans to reduce its workforce by over 200 employees as part of restructuring its crop protection products division in Germany. Specifically, Bayer will cease manufacturing active ingredients for plant protection products at the Dormagen...

According to the Financial Times sources, OpenAI is negotiating a new partnership agreement with Microsoft that would facilitate an IPO while safeguarding the software giant's access to cutting-edge artificial intelligence models. Microsoft has poured over $13 billion into OpenAI, making it the...

China's XPeng, a major electric vehicle manufacturer, is reportedly evaluating an initial public offering for a subsidiary focused on the creation of "flying" electric cars, Xpeng Aeroht, according to Bloomberg's sources. They mentioned that the company has asked banks to join in the IPO, which...

Swiss pharmaceutical firm Novartis AG announced it is acquiring US-based Regulus Therapeutics, which focuses on developing microRNA-based therapies. The agreement includes an initial payment of $0.8 billion with a potential extra payment of $0.9 billion contingent on Regulus obtaining regulatory...

The American financial firm Cantor Fitzgerald, overseen by Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick, intends to establish a $3 billion bitcoin fund in collaboration with cryptocurrency firm Tether, SoftBank, and crypto exchange Bitfinex, as reported by the Financial...