Ambani Appoints Children to Reliance Board, Wife Steps Down
Reliance Industries Ltd. appointed the three children of billionaire Chairman Mukesh Ambani as non-executive directors on its board as the family continues its succession planning.
Reliance Industries Ltd. appointed the three children of billionaire Chairman Mukesh Ambani as non-executive directors on its board as the family continues its succession planning.
German Chancellor Olaf Scholz’s ruling coalition resolved its latest dispute, sealing a deal that paves the way for €6.5 billion ($7 billion) in corporate tax relief as well as €2.4 billion in additional child benefits from 2025.
Xpeng Inc.’s shares soared after it agreed to buy Didi Global Inc.’s smart-car development arm in a deal that both eliminates a potential competitor in the crowded electric-vehicle market and gives it a tech-savvy partner in a new venture.
Chinese state media has urged the UK’s most famous museum to return items “stolen” in past centuries, potentially widening a rift between the Asian nation and the West.
Indian officials are proposing to extend a free grains program well into next year’s national election season, according to people familiar with the matter, a move likely to support Prime Minister Narendra Modi’s reelection bid for a third term.
Turkey’s biggest listed bank by assets will spin off its units to a new holding company in a bid to manage them more efficiently. Stock surges.
Chinese authorities asked some mutual funds to avoid selling equities on a net basis a day after financial regulators announced a slew of measures to “invigorate capital markets and boost investor confidence.”
Singapore’s Hotel Properties Ltd., whose managing director Ong Beng Seng is currently under a graft probe, has won government approval to redevelop three of its properties on Orchard Road, the city-state’s famed shopping strip.
Denmark’s retail sales showed a significant drop in July, with analysts citing the worst rainfall on record as the culprit.
Christine Lagarde’s avoidance of a clear signal of intent for European Central Bank policy has just thrown a brighter spotlight on a pivotal week in the euro zone.