Page 46 - Cong News Today

Tata Sons will resume control of Air India after bidding $2.4 billion, including equity and debt, the government said on Friday, marking the end of years of struggle to privatise the financially troubled airline.

Lebanon's new government aims to make progress towards starting full negotiations for an IMF deal by the end of this year or early next, but is not expecting funds to be dispersed before elections in March, a minister said on Friday.

The Washington, D.C.-area subway system said on Friday it will continue sharply reduced subway service through at least Oct. 31 as it works to finalize plans to return most of its railcars to service after an Oct. 12 derailment.

Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion stock market listing that is likely to be India's biggest ever IPO, a source familiar with the matter told Reuters on Friday.

Warren Buffett's Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali , a source close to the situation said on Friday.

Mexican conglomerate Alfa raised its guidance for 2021 EBITDA (earnings before interest, taxes, depreciation, and amortization) on Wednesday, on the back of improved performance by its petrochemical subsidiary Alpek.

Mexican billionaire Carlos Slim's Grupo Carso said on Wednesday it had signed a formal agreement with Mexico City authorities to rebuild a stretch of metro rail that collapsed in May, killing 26 people.

The United States has barred imports from Malaysian glove maker Supermax Corp over alleged forced labour practices at the company, the fourth Malaysian firm to face such a ban in the past 15 months.

Corporate results in the industrial and materials sectors could offer a snapshot of how companies in a key swath of the U.S. economy are dealing with surging inflation, supply chain bottlenecks and higher commodity prices.

Private jet demand has boomed during the pandemic as the wealthy took control of their travel, yet the flight to luxury could have limited runway as some buyers spend beyond their means and the sector presents a prime target for climate critics.