Appliances race: Reliance Retail buys Kelvinator brand

Reliance Retail has fully acquired the Kelvinator brand in India from Electrolux, aiming to strengthen its position in the competitive home appliances market. This acquisition, following a licensing agreement since 2019, allows Reliance Retail to directly manage and expand Kelvinator’s presence, intensifying competition with major players like Samsung and Voltas. Electrolux gained approximately $18.5 million…

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Travis Kelce’s new restaurant, 1587 Prime, to offer a Taylor Swift–inspired cocktail

Travis Kelce, the Kansas City Chiefs star and Taylor Swift’s fiance, is venturing into the restaurant business with 1587 Prime, opening September 17. The steakhouse pays tribute to Kelce’s and Patrick Mahomes’ jersey numbers. It will feature high-quality steaks, sides, and a special cocktail named “The Alchemy,” inspired by Swift’s album, “The Tortured Poets Department”.

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Microsoft becomes $4 trillion company; officially joins Jensen Huang-led Nvidia to hit milestone

Microsoft’s market valuation has exceeded $4 trillion, driven by a strong earnings report and the impressive growth of its Azure cloud division, which saw a 39% revenue increase. This milestone positions Microsoft as the second company, following Nvidia, to reach this valuation. Nvidia’s rise is fueled by AI-driven demand, while Apple’s valuation stands at $3.2…

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Rs 17,000cr loan ‘fraud’ case: ED grills Anil Ambani; why is the Reliance Group chairman under lens?

Anil Ambani faced questioning by the Enforcement Directorate in New Delhi concerning a significant loan fraud case involving ?17,000 crore. This action follows a Look Out Circular issued against him and a large-scale ED operation targeting Reliance Anil Ambani Group companies. The investigation is probing alleged financial irregularities and potential violations under the Prevention of…

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