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Sandwich chain Subway sold to Roark Capital for $9.55 billion Subway is being sold to Roark Capital for $9.55 billion, ending a competitive auction and coming with conditions.

Sachin Bansal’s Navi Finserv raises ₹163 crore in securitization transaction with Citi, Northern Arc The funds from this transaction will be used to advance loans to Navi’s customers

EIH’s Oberoi Hotels and Resorts to manage three Reliance-owned hotels Reliance Industries partners with Oberoi Hotels to manage properties in India and the UK, including Anant Vilas in Mumbai and Stoke Park in the UK.

Why the ghost of Lehman still haunts us The great focus on deflation is the major reason why we live in a boom-and-bust world. Booms lead to busts and then central bankers go all out to avoid deflation

‘We will launch public cloud platform by Jan’ The Mumbai-based company has a data centre park each in Mumbai and Noida, and plans to expand to more locations in India and overseas

T-Mobile USA Inc to cut off 5,000 jobs amid surging competition: Report T-Mobile USA's corporate and back-office employees are likely to be affected. Some employees holding technology roles will also be laid-off, T-Mobile said in a regulatory filing.

Adani group touts enough cash to service debts in coming decade Adani group said its cash flow generated from business operation and balances stood at ₹77,890 crore ($9.4 billion) by the end of March

Delhi HC orders SpiceJet to pay ₹100 crore to Marans by 10 September The court is set to deliver its final order on 11 September

SECL inks pact with Pelma Collieries for Chhattisgarh opencast mine SECL’s Pelma mine will become the first opencast mine in Chhattisgarh under mine developer and operator mode

Nvidia’s stock surge pushes CEO’s fortune as high as $46 billion Nvidia CEO Jensen Huang's fortune grew $4.2 billion after beating earnings estimates, bringing his total wealth to $46.1 billion

Infosys onboards Rafael Nadal as ambassador for the brand and Infosys’ digital innovation IT major Infosys announces three-year partnership with tennis star Rafael Nadal, developing an AI-powered match analysis tool

I-T dept investigates Kalpataru Group over tax evasion, unearths ₹600 crore-worth fake bills: Report The I-T department carried out raids on Kalpataru Group across 30 locations in Mumbai, Gujarat and Rajasthan on August 4

DP World, Deendayal Port Authority join hands for Mega Container Terminal in Gujarat Once complete, the terminal will have annual capacity to handle 2.19 million container units (TEUs) with capability to handle next-generation vessels carrying more than 18,000 TEUs

Numaligarh Refinery, Inland Waterways Authority ink pact for petroleum products transportation NRL will export approximately 10,000 metric tons of petroleum and petrochemical products per month from the IWAI Jogighopa Multi Modal terminal

Suzlon bags 31.5MW wind energy project from Integrum Energy Infrastructure Suzlon will execute the project with a scope of supply, installation, and commissioning, and also will offer post-commissioning operation and maintenance services

Vedanta's Anil Agarwal agrees to pay Zambian creditors, says ‘money will never be a constraint’ Vedanta Resources to pay $250m debt to creditors in Zambia after regaining control of seized copper mines.

AI boost: Nvidia beats expectations with Q2 results and bullish Q3 guidance, announces $25 billion share buyback Chipmaker Nvidia beats market expectations with Q2 results and strong guidance for Q3, driven by AI chip demand.

SpiceJet ordered to pay ₹100 crore to Marans to avoid Ajay Singh's arrest, asset attachment Delhi HC orders SpiceJet to pay ₹100 crore to Marans by Sept 10 or face asset attachment; Ajay Singh may be arrested.

Hindustan Zinc to increase production capacity by 50% to 1.5 mtpa HZL's growth efforts include expansion of capacities, maintaining a portfolio of mines with long life, strengthening cost leadership, expansion of product portfolio through customer centricity, and progressing towards a...

‘TVS Motor is investing in a future for EVs over 5-10 yrs’ TVS Motor Co. is expanding its presence in the electric two-wheeler market with the launch of the TVS X, a crossover between a motorcycle and a scooter