Finance

India’s Vadilal Industries U.S. unit to make ice creams locally to cut imports

India’s Vadilal Industries U.S. unit to make ice creams locally to cut imports

By Praveen Paramasivam (Reuters) -The U.S. subsidiary of India’s Vadilal Industries will start manufacturing ice cream at its local facility by the year-end to reduce dependence on imports and boo...

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Fashion empire to be sold or go public in the next years

Fashion empire to be sold or go public in the next years

After a lifetime of spurning would-be business suitors, the late Italian designer Giorgio Armani instructed his heirs to sell a 15% minority stake in his vast fashion empire within 18 months, acco...

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Solana Alpenglow upgrade seen to boost decentralisation after clearing first hurdle

Solana Alpenglow upgrade seen to boost decentralisation after clearing first hurdle

A major Solana upgrade will improve the blockchain’s decentralisation, according to a new report. When paired with other long-discussed changes, Alpenglow can spread validator revenue more equita...

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Adobe stock rises on upbeat sales outlook, RH slides as tariffs bite

Adobe stock rises on upbeat sales outlook, RH slides as tariffs bite

Macy’s (M) raised its fiscal year outlook on Wednesday after posting better-than-expected quarterly results across the board, with same-store sales growth a bright spot. While revenue and adjusted...

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Exclusive-Gunvor expands precious metals business into physical trading

Exclusive-Gunvor expands precious metals business into physical trading

By Polina Devitt LONDON (Reuters) -Global commodity trading house Gunvor is expanding its precious metals business from trading derivatives into physical metal and has hired specialists in the Lon...

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