Category: Business

By Aditi Shah and Nandan Mandayam NEW DELHI (Reuters) -Hyundai , Maruti Suzuki and Tata Motors used the India auto show to unveil ambitious plans to expand their electric vehicle charging network to address the issues that are putting customers off making the switch. The five-day auto show in New Delhi starting on Friday saw […]

WASHINGTON (Reuters) – The Biden administration on Friday issued last-minute proposed rules to curb duty-free imports under the $800 “de minimis” threshold, denying the low-value shipments exemption for goods that are subject to other punitive U.S. tariffs. The move marks a setback for e-commerce firms, including China-based Shein and PDD Holdings’ Temu, which have exploited […]

(Reuters) – The U.S. Securities and Exchange Commission on Friday said Digital Currency Group Inc. and the CEO of its now-defunct subsidiary Genesis Global Capital LLC have agreed to pay a combined $38.5 million in civil penalties to settle charges they misled investors about Genesis’s financial condition. Regulators found that DCG and Genesis chief Soichoro […]

(Reuters) – The Vanguard Group has agreed to pay $106.4 million to settle U.S. Securities and Exchange Commission (SEC) charges over misleading statements related to capital gains distributions and tax consequences for retail investors, the regulator said on Friday. The SEC found that retail investors in certain Vanguard target retirement funds faced higher tax liabilities […]

(Reuters) – TikTok CEO Shou Zi Chew said on Friday he wants to thank U.S. President-elect Donald Trump for his commitment to work with the company and find a solution that keeps the app available in the United States. The company has until Sunday, Jan. 19, to cut ties with its China-based parent ByteDance or […]

By Dawn Chmielewski (Reuters) – Businessman Frank McCourt is “open-minded” to keeping TikTok’s existing investors, including the founder, involved after any deal to buy the U.S. operations of the Chinese-owned short-form video app, the U.S. billionaire told Reuters on Thursday. McCourt said in an interview his consortium has made a formal offer to buy TikTok […]

(Reuters) – Microsoft said on Thursday that it is now including Copilot AI features to its Microsoft 365 suite for individual consumers, a day after it rolled out on-demand AI agents for businesses. The Windows-maker will give its customers an option to either choose a Microsoft 365 subscription plan with Copilot AI features or one […]

By Patrick Wingrove (Reuters) – Novo Holdings, the controlling shareholder of Novo Nordisk, hopes to double the size of its recently acquired contract drugmaker Catalent over five years, a senior partner at the investment firm said, as it prepares for a likely focus on U.S. manufacturing by President-elect Donald Trump. Novo Holdings last month closed […]

By Anshuman Tripathy (Reuters) -Beacon Roofing Supply on Wednesday rejected a $11 billion takeover offer from QXO, a new player in the building products distribution industry, saying its proposal “significantly undervalues” the roofing material supplier. Earlier on Wednesday, QXO CEO and billionaire Brad Jacobs made public its $124.25 per share offer for Virginia-based Beacon and […]

By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) – Meta may have to “roll back or pause” some features in India due to an antitrust directive which banned its WhatsApp messaging service from sharing user data with Meta for advertising purposes, according to a court filing by the U.S. company seen by Reuters. Meta […]