Billionaire Mukesh Ambani, chairman of Reliance Industries Ltd (RIL), on Friday confirmed that Reliance Jio will debut on Indian stock exchanges in the first half of 2026. Speaking at the conglomerate’s 48th annual general meeting, attended virtually by more than 4.4 million shareholders, Ambani said that preparations for the much-anticipated…
Eli Lilly has partnered with a leading Chinese tech company, JD Health to fast-track its presence in China’s rapidly expanding obesity drug market, boosting the company’s global growth in the weight-loss sector.Eli Lilly’s move into the obesity drug market is reshaping the global pharma landscape. After the success of drugs…
The Barclays, NatWest, and Lloyds share prices plunged on Friday, dragging the blue-chip FTSE 100 Index. NatWest stock plunged to 512p, down by almost 10% from its highest point this year. Windfall tax proposal drags Barclays, NatWest, Lloyds share pricesLloyds share price plunged by over 7.2% from the year-to-date high, in…
Thailand’s Constitutional Court on Friday removed suspended Prime Minister Paetongtarn Shinawatra from office, finding that a controversial leaked phone call with Cambodia’s former leader Hun Sen had breached ethics rules. The ruling throws the Southeast Asian nation into another bout of political instability, just a year after Paetongtarn took office.In…
On Thursday, the price of European wheat experienced a notable decline on Euronext in Paris, with the most actively traded futures contract settling at EUR 192 per ton. This significant drop pushed the price to its lowest level since March 2024, indicating potential shifts in market dynamics and supply-demand balances. The decline…
PepsiCo Inc. is deepening its investment in Celsius Holdings Inc. with a $585 million transaction designed to expand the distribution and strategic reach of the fast-growing energy drink company, Bloomberg reported, citing sources familiar with the matter. The move underscores PepsiCo’s continued push into the lucrative functional beverage market and…
A tense and divided morning is unfolding across European markets, as a resilient month-long rally runs headlong into its final and most formidable obstacle: a transatlantic deluge of inflation data. After a turbulent week dominated by political drama and corporate intrigue, investors are now bracing for a day of reckoning…
China is reshaping global soybean trade flows by turning to Argentina and Uruguay for record shipments, as the trade conflict with the US continues to disrupt agricultural commerce. Chinese importers are set to secure up to 10 million metric tons of soybeans from the two South American producers in the…
India’s refiners are turning to US crude imports at a faster pace as geopolitical pressure intensifies over their reliance on Russian oil. The shift comes after a recent drop in US crude prices, making the grade more attractive compared to Middle East benchmarks. At the same time, Washington has renewed…
Northam Platinum CEO Paul Dunne stated on Friday that despite a recent rally, platinum prices remain too low to support new production, even though the increase has provided some relief to South African miners.Northam Platinum, a prominent South African mining company, announced a significant downturn in its annual profitability on…