Author: TI Editor

With the 25% tariff US President Donald Trump levied on imports from Mexico and Canada, Volkswagen expects that its vehicles made in North America will most likely avoid them. However, other carmakers, including BMW, may not be exempt, according to a report by news agency Reuters.This week, Trump granted one-month relief on tariffs to automakers that complied with the United States-Mexico-Canada Agreement (USMCA), after stating that duties would go into effect on March 4. The automakers that will eventually face tariffs remain unclear.Vehicles made by Volkswagen in North America comply with USMCA, the report quoted a Volkswagen spokesperson. While BMW…

(Bloomberg) — A day before President Donald Trump delayed tariffs on some Mexican and Canadian goods, a group of restaurant chains that included McDonald’s Corp. and Chick-fil-A told White House officials that the duties would have an immediate negative impact on the industry because it relies on imported meat and produce. Representatives for several restaurant companies, which also included Taco Bell parent company Yum! Brands and Dunkin’ owner Inspire Brands, met with White House economic advisers on Wednesday, according to people familiar with the matter.  The meeting, led by the National Restaurant Association, was planned weeks in advance as part…

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…

Samuel Bankman-Fried appeared on former Fox News host Tucker Carlson’s podcast, bashing former President Joe Biden and Securities and Exchange Commission Chair Gary Gensler as his parents seek a pardon from Donald Trump. Bankman-Fried, who is serving a 25-year sentence over his role in the collapse of his FTX cryptocurrency exchange, said that he was “shocked” by the first two years of Biden’s administration and said that crypto regulation under Gensler was “something of a nightmare.” In contrast, he said on the podcast, released Thursday, that he was hopeful about what he had heard from Trump. “Obviously, the follow through…

A real estate investment trust sponsored by asset manager Blackstone Group and Bengaluru developer Sattva Group filed its draft papers with the market regulator for an initial public offering (IPO) to raise around ₹7,000 crore. The Knowledge Realty Trust has a portfolio of 30 Grade A office assets across 48 million sq. ft., mostly concentrated in Bengaluru, Hyderabad and Mumbai. It will be majority owned by Blackstone at 55% while Sattva Group will hold the rest, the company said in its offer document filed with the Securities and Exchange Board of India (Sebi). It will be the second largest real…

Mint has learnt that Ahmedabad-based solar plant construction company has delayed repayments to one of its largest lenders, the Indian Renewable Energy Development Agency (Ireda), by up to two months. A spokesperson for state-run Ireda said the delay has been up to 30 days in some accounts, while in others, it’s up to 60 days from the due date. That contradicts Gensol’s claims on the severity of the delay. On 4 March, a spokesperson for the company said it would like to clarify that “this was a one-time disruption, resulting in a minor delay in debt repayment, which has since…

The company will work in the region in collaboration with local partners who are familiar with domestic conditions to reduce the execution risk, as per top company executives. The Shapoorji Pallonji Group company is the most bullish on Saudi Arabia and has set up a 90%-owned subsidiary in the country in July 2023 called Afcons Contracting Co. to handle local projects. The remaining stake in the Saudi subsidiary is owned by a local partner whose name the company has not disclosed. The country is spending hundreds of billions of dollars in constructing new cities in the desert, including its ambitious…

MUMBAI : Flush with funds, study-abroad platform Leap is in late-stage talks to acquire study-abroad fintech Prodigy Finance Ltd, with plans to acquire more startups, three persons close to the development told Mint. The final details are being ironed out, and the deal will close soon, said one of the persons, adding that Leap is also evaluating two to three other startups to acquire, with study-abroad consultancy KC Overseas Education being one of the leading prospects. Mint could not ascertain the size of the deal.  Queries sent to Leap, Prodigy and KC Overseas early on Thursday haven’t elicited a response.…

New Delhi: Critical mineral refining and processing company Lohum is looking to raise about $200 million from private equity funds, as it readies to launch an initial public offering (IPO) in early 2027, its founder and chief executive officer (CEO) Rajat Verma said. “Growth will come from capacity expansion. We are looking to expand our capacity, not just in the minerals in which we are today, but also in some new mineral categories that we are adding. Also, some new value-added products that we’re adding, so all those capacity expansion plans are very much in place. We are looking to…

(Bloomberg) — Five years after Macau casino magnate Stanley Ho passed away, lawsuits involving the billionaire’s assets continue to pile up.  In the latest incident, the administrators of Ho’s estate are bringing 18 of his descendants to court to seek a judge’s direction on the payment of costs and expenses that would be incurred from representing Ho in another case involving his late sister’s estate executor.  The individuals asked to attend comprise Ho’s children, including the chairperson of MGM China Holdings Ltd. Pansy Ho and the founder of NIP Group Inc. Mario Ho, and several of his grandchildren. The latest…