Business
India’s Supreme Court on Monday refused a plea by Vedanta, led by billionaire Anil Agarwal, to pause the acquisition of a bankrupt real estate company by the Adani Group, which includes $4 billion worth of assets, notably India’s only Formula One track. Vedanta had argued that its $1.8 billion......
French footwear and leather goods brand Minelli has once again been placed under judicial reorganization, two and a half years after a similar procedure led to the brand’s previous rescue, according to a court document obtained by AFP on April 6. The company had been under a safeguard procedure......
A recent rally in the Indian rupee has triggered a sharp increase in hedging activity, as importers move quickly to secure favorable exchange rates for future dollar payments. The appreciation of the currency follows measures introduced by the Reserve Bank of India to curb speculative trading and arbitrage......
India’s central bank has introduced stricter foreign exchange measures aimed at stabilizing the national currency, as authorities seek to reduce volatility linked to global market pressures. The Reserve Bank of India (RBI) recently implemented new rules limiting banks’ exposure to foreign......
Tesla recorded record sales in South Korea and strong growth in Australia during March, closing out a first quarter driven by the refreshed Model Y and a global oil crisis that is pushing consumers toward electric vehicles at an accelerating pace. Tesla delivered 11,130 vehicles to South Korean customers......
A strategic partnership between Marita and Gotion High-Tech highlights Morocco’s growing role as a regional energy hub, with a focus on storage technologies and industrial expansion across Africa. As global energy systems undergo rapid transformation, Morocco is positioning itself at the forefront......
The Irish low-cost airline Ryanair has introduced a new seasonal route connecting Valencia and Rabat as part of its summer 2026 schedule. The service will operate four times per week, expanding the airline’s offering between Spain and Morocco during the peak travel season. The new route is designed......
A coalition of European investors led by the activist shareholder group Follow This is pressuring BP to maintain its climate-reporting commitments. The investors are urging shareholders to oppose plans to rescind climate-related decisions adopted in 2015 and 2019, which required BP to report on emissions......
Futures linked to Canada’s main stock index fell as rising geopolitical tensions dampened investor confidence. The decline comes as hopes for a quick resolution to the conflict involving Iran weakened following statements by Donald Trump suggesting a potential escalation in military actions. Contracts......
Italy’s competition authority has imposed a significant fine on Revolut over alleged unfair commercial practices, highlighting increasing scrutiny of the fast-growing fintech sector. The regulator stated that several entities within the Revolut group were penalized for providing potentially misleading......
SpaceX has confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission, according to Bloomberg News, setting the stage for what could become the largest IPO in history. The rocket and satellite company led by Elon Musk is preparing a listing as early as June.......
A new wave of major initial public offerings (IPOs) is expected to reshape Wall Street in 2026, as some of the world’s most valuable private companies prepare to enter the stock market. Among them, SpaceX, led by Elon Musk, is drawing significant attention after reportedly submitting confidential......
Nike’s efforts to stabilize its business are encountering fresh challenges as unrest in the Middle East threatens to affect global operations. The sportswear giant also continues to struggle with slower sales growth in China, a key market for the company. Executives have warned of a notable drop......
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