Edward Johnson 
Mumbai: The Tata Trusts and Tata Sons are said to be closely monitoring the Shapoorji Pallonji (SP) Group’s bid to raise ₹20,000 crore from state-run institutions to refinance debt taken against stakes in the Tata Group holding company. The Mistry family-promoted SP Group holds an 18.37% stake in Tata Sons, all of which is pledged … Read more
Mumbai: Government bond yields are set to ease, lowering the cost of debt for Indian firms, as the Centre’s decision to borrow less than usual in the first half of the next fiscal has improved the demand-supply dynamics for the sovereign bond market. On Wednesday, the Reserve Bank of India (RBI) said the Centre would … Read more
Oregon governor Tina Kotek yesterday signed the state’s Right to Repair Act, which will push manufacturers to provide more repair options for their products than any other state so far. The law, like those passed in New York, California, and Minnesota, will require many manufacturers to provide the same parts, tools, and documentation to individuals … Read more
The news that Thames Water’s investors have pulled the plug on future investment in the ailing utility, leaving it vulnerable to future nationalisation, is the culmination of a long game of brinkmanship with the industry regulator, Ofwat. As talks behind closed doors reached their conclusions in recent weeks, tempers were fraying. One insider described the … Read more
(NewsNation) — Fast-food workers in California are soon set to make more money at their jobs — assuming they still have them. A new law mandating $20 hourly wages for fast-food workers goes into effect in California on April 1, but many restaurants have been cutting jobs or reducing workers’ hours. Meanwhile, others are raising … Read more
The collapse of Baltimore’s Francis Scott Key Bridge is likely to lead to the largest single marine insurance loss ever, the chair of Lloyd’s of London has said. Bruce Carnegie-Brown said he expected to see insurers incur multibillion-dollar losses after the disaster, which resulted in the deaths of at least two people, with four others … Read more
Official figures have confirmed that the UK economy went into recession at the end of last year, after the latest estimate found it contracted in the last two quarters of 2023. In a blow to the government’s economic standing, the Office for National Statistics (ONS) said the economy, as measured by gross domestic product, shrank … Read more
As the UK economy struggled for momentum, with households tightening their belts, higher defence spending in the second half of last year was a factor that prevented it from contracting by more than it did. The second estimate by the Office for National Statistics of national income, as measured by gross domestic product last year, … Read more
There is a palpable feeling of relief in the cryptocurrency industry. Evangelists are preaching the good news that the industry has been purged of the Sam Bankman-Frieds, the Alex Mashinskys, the Do Kwons and the Changpeng Zhaos of the world. They proclaim that crypto can finally ascend from its purgatorial, “wild west” days to become … Read more
The UK’s largest shares-focused investment fund has been downgraded by a leading ratings firm after a “number of missteps” by the star stock-picker Terry Smith. Morningstar demoted the £25bn Fundsmith Equity fund’s rating from gold to silver, saying the manager’s ill-timed sale of shares in large companies including Amazon and the software firm Adobe had … Read more
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