SAN FRANCISCO, Reuters German automaker Volkswagen Group will invest up to 5 billion in U.S. electricvehicle maker Rivian as part of a new, equally controlled joint venture to share EV architecture and software, the companies said on Tuesday. Shares of Rivian surged about 50 in extended trade after the announcement, potentially supercharging the company39;s market value by nearly […]

ZURICH, June 26 Reuters Zurich Insurance on Wednesday announced a 600 million deal to buy AIG39;s global personal travel insurance and assistance business. The business will be combined with Zurich39;s travel insurance provider CoverMore Group CoverMore and will expand its footprint in the United States, Zurich said. The acquisition, which is expected to close before the end […]

BENGALURU, June 26 Reuters Vedanta Resources will sell a 2.6 stake in Indian metalstooil firm Vedanta to a group of institutional investors, the former said in a statement on Wednesday. The move marks an aboutturn from a week ago when Vedanta Chairman Anil Agarwal said there were no plans for a stake sale by the company39;s […]

SHANGHAI, June 25 Reuters Novo Nordisk39;s hugely popular weightloss drug Wegovy has been approved in China, it said on Tuesday, the world39;s secondlargest economy and the country estimated to hold the highest number of overweight or obese people. The company will communicate details on pricing and availability when it launches, it told Reuters in a statement. […]

Group firms said last month they had received notices from regulator Adani Enterprises said notices had no material consequential effect Group raising spending in fiscal 2025 by 85 to 1.3 trln rupees Targeting expected boom in infrastructure development in India AHMEDABAD, India, June 25 The finance chief of the Adani Group conglomerate on Tuesday deemed […]