NEW YORK: The parent company of former President Donald Trump’s social networking site, Truth Social, reported a $400.9 million loss in 2023, with annual revenue falling 12% to $3.6 million. Trump Media & Technology Group (TMTG) disclosed its earnings late Friday, attributing the losses partly to a revenue-sharing agreement with an undisclosed advertising partner. In…
HYDERABAD: Telangana HC recently ruled that a single parent with custody of a minor child can apply for and obtain a passport for the child without needing signature of the other parent.Allowing a petition filed by a four-year-old girl, represented by her mother, Justice Moushumi Bhattacharya set aside the Hyderabad regional passport officer’s missive requiring…
MUMBAI: Private equity giant KKR has invested in cloud kitchen startup Rebel Foods, which owns brands like Behrouz Biryani and Faasos. The deal amount was not disclosed but it is understood to be a secondary transaction conducted at a lower valuation of around $800 million. KKR said it will back the firm’s expansion. Source link
NEW DELHI: Jubilant Bhartia Group, a multi-billion conglomerate with interests across sectors, such as pharma and QSR, will acquire a 40% equity stake in Hindustan Coca-Cola Holdings (HCCH) through Jubilant Beverages, for over Rs 10,000 crore. HCCH is the parent company of Hindustan Coca-Cola Beverages (HCCB), the largest Coca-Cola bottler in the country. Both companies…