Divine Lifestyle
An ambitious data center project has stalled due to insufficient electrical capacity. Kenya is positioning itself as Africa’s silicon savanna and leading technology hub. Promoting itself as a “full-package investment destination”, part of the strategy is encouraging global tech giants to set up operations in the country. However, recently, the plan has run into a…
The German bank rejected the €39B bid, citing low valuation and serious risk to jobs. Commerzbank AG’s board on Monday officially rejected UniCredit Bank SPA’s approximately €39 billion ($45.4 billion) takeover offer. In a 137-page assessment, the Frankfurt-based bank said the Milanese lender’s offer “involves considerable risk”, including long-term Russia exposure that could be a…
TCS, the country’s largest IT services company, on Wednesday announced that it has won a multi-year deal with Swedish bearing maker SKF. Financial details were not shared, but people with knowledge described it as a multi-year, multimillion-dollar partnership. The deal, which comes at a time when concerns are being raised about the story of the…
Byju Raveendran, founder of edtech firm Byju’s, has been sentenced to six months in jail by a Singapore court in a contempt of court case related to the ongoing disputes over the company’s assets and disclosures, Bloomberg reported. The order is the latest blow to the once high-flying startup, which was valued at about $22…
State-owned Oil and Natural Gas Corporation (ONGC) on Tuesday reported 3 per cent growth in March quarter profit at ₹6,649.97 crore, as higher oil and gas prices helped offset the decline in production. According to a stock exchange filing by the company, it reported a net profit of ₹6,649.97 crore in January-March – the fourth…
Union Bank of India on Tuesday approved raising up to ₹8,000 crore, which will include equity issuance of ₹3,000 crore. In a BSE filing, Union Bank said the board has approved raising debt capital not exceeding ₹5,000 crore through Basel III-compliant additional Tier 1 bonds and/or Tier 2 bonds. Further, the Board has approved raising…
The proposal by the Currency Cycle Association (CCA), representing cash logistics and cash management companies, comes amid Prime Minister Narendra Modi’s appeal for fuel conservation in view of high crude oil prices linked to the ongoing conflict in West Asia. The association has written to the Indian Banks Association indicating a sharp increase in operating…
Global Finance’s World’s Best IFI winners highlight how the sector outperformed the sector in 2025 with an emphasis on innovation and AI adoption. But new conflicts in the Middle East create new challenges. Islamic financial institutions (IFIs) marginally improved their performance in 2025, recording an average return of 2% on average assets and a 12%…
The US military said on Monday it carried out “self-defense” strikes in southern Iran, including on missile launch sites and boats carrying landmines, while President Donald Trump said on social media that talks with Tehran were “progressing well.” Capt. Tim Hawkins, a spokesman for U.S. Army Central Command, said in a statement that the strikes…
A valid Will does not guarantee smooth transfer of assets due to legal loopholes, poor documentation or misconceptions. From frozen bank accounts and stalled property transfers to family disputes over nominees and executors, inheritance claims can be stuck for months or even years. Legal experts say many Indian families believe that succession planning is just…
