Mumbai, Nov 21 Reuters India39;s Reliance Industries plans to invest 200 billion Indian rupees 2.40 billion in the eastern state of West Bengal over next three years to expand its telecom, retail and energy businesses there, Chairman Mukesh Ambani said on Tuesday. After having invested close to 450 billion rupees 5.40 billion in West Bengal, […]

Nov 21 Reuters Kohl39;s lowered the top end of its annual sales forecast and said it would be aggressive with promotions in the crucial holiday season as costconscious shoppers spend less at its department stores, sending its shares tumbling 11 on Tuesday. American consumers have continued to defer nonessential purchases and focused on buying essentials as rising […]

Nov 21 Reuters Broadcom said it planned to close its 69 billion acquisition of cloud computing firm VMWare on Wednesday, wrapping up one of the biggest takeover deals in the technology industry that was closely scrutinized by regulators globally. The chipmaker has now received all regulatory approvals for the purchase after China approved the acquisition with additional […]

HONG KONG, Nov 21 Reuters Bain Capital has completed the final close of its fifth panAsia private equity fund at 7.1 billion, exceeding its target by 40, the U.S. investment firm told Reuters, amid a challenging macroeconomic and geopolitical environment that has otherwise impeded fundraising worldwide. Bain Capital said the firm itself committed 750 million […]

Reuters Zoom Video Communications raised its annual revenue and profit forecasts on Monday, as hybrid work trends and the integration of artificial intelligence technology into its products boosted demand. Platforms including Zoom, Microsoft39;s Teams and Cisco39;s Webex became household names during the COVID lockdowns and have enjoyed resilient demand as many businesses shifted to hybrid work models. Zoom […]