Business

Unilever to spin off ice cream unit, cut 7,500 jobs for cost savings
The proposed changes would impact around 7,500 predominantly office-based roles globally
Padma Bank signs MoU with Exim Bank on merger
Padma Bank, which has long struggled with bad loans, will merge with the Shariah-based Exim Bank
Navana fails to hand over floors to landowners after 5 years
Landowners allege a breach of contract and rules by Navana, while customers say they have not received papers
Swiss bank UBS targets US deals
UBS wants to expand its US wealth-management business through potential M&A in three or four years
Price of necessities will come down to tolerable levels: state minister
However, the price cuts will not happen overnight, the state minister for commerce said
US probing Adani Group and founder over potential bribery
Prosecutors are digging into whether an Adani entity or people linked to the company, including Gautam Adani, were involved in paying officials in India for favourable treatment on an energy project
Rivals Nissan, Honda sign MoU on EV partnership
The partnership will see them collaborate on producing key components for electric vehicles and AI in automotive software platforms
Padma merger: What’s in it for Exim?
Exim Bank chairman says they have agreed to the merger to safeguard state interests