The IPO of LG Electronics India concluded on Thursday, with demand surpassing supply by over 54 times. As per the exchange, bids for 3.85 billion shares were received by the company. The price range for the IPO was established at 1,080-1,140 rupees. At the highest price threshold, demand would...

A blaze at a New York aluminum plant, likely to suspend production of Ford Motor's F-150 trucks for months, could lead to potential profit losses of up to $1 billion for the automaker, according to Evercore ISI analysts. The fire at Novelis' aluminum factory on September 16 has interrupted a large...

Tesla is preparing to introduce a more affordable version of its popular Model Y SUV, signaling a major strategic shift. Rather than simply reigniting lagging sales, the move reflects deeper pressures—from intensifying competition from Chinese EV makers to tactical ambitions in markets like India....

The European private equity firm PAI Partners has secured €3.6 billion in funding for its collaboration with the Swiss ice cream producer Nestlé, known as Froneri. Froneri was established in 2016 and is recognized as the world's second-largest ice cream producer following Magnum Ice Cream, which...

Bain Capital, an investment firm, has placed a bid for Costa Coffee, which Coca-Cola Co. is selling for an estimated £2 billion ($2.7 billion), according to reports from the Financial Times based on knowledgeable sources. Costa Coffee is the biggest coffeehouse chain in the UK and the second...

Walmart Inc., the biggest retailer in the U.S., revealed plans to remove synthetic colors from its private-label products by January 2027. The firm intends to remove 30 additional ingredients, such as artificial sweeteners and preservatives. The alterations to the recipes will impact all food and...

Investment firm Permira is considering the option of selling its pharmaceutical business Neuraxpharm. According to Bloomberg, informed sources indicate the deal's value might range from €3 billion to €4 billion. Sources indicate that Permira is currently in discussions with advisers, and the sale...

Huawei Technologies in China intends to nearly double the output of its top-tier 910C Ascend AI chips next year compared to this year, reaching an estimated 600,000, according to Bloomberg, which cites knowledgeable sources. The firm aims to boost total production of Ascend chips to 1.6 million by...

The American firm Meta will provide UK users of Facebook and Instagram the choice to pay to avoid ads on these platforms in the upcoming weeks, the company revealed. This choice will be priced at £3.99 ($5.32) monthly for iOS and Android mobile devices, and £2.99 monthly for the web. Account...