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BusinessCH Robinson Worldwide shares fell 7.4% pre-market following its announcement to acquire RXO Inc. for about $5.8 billion. The deal will create a logistics business valued over $25 billion. Investors are concerned about the cost, new debt, and dilution from issuing new CH Robinson shares, which will make up 43% of the payment. RXO shareholders will get $17.25 cash plus CH Robinson stock.
HT Business·
EntertainmentYami Gautam and Aditya Dhar have reportedly relocated to a 100-year-old estate in Himachal Pradesh valued at Rs 8 crore. The property features organic gardens and a greenhouse spread over 25 acres, reflecting a rustic and serene lifestyle. However, the filmmaker's team later clarified that they are not moving to Himachal Pradesh.
Indulge Express··Himachal Pradesh
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EntertainmentThe Australian Government and India's Ministry of Culture are jointly presenting 'Sacred Pathways: Where Ragas Meet Songlines,' a four-city concert tour celebrating the strong cultural connections between Australia and India through music. This landmark event showcases the enduring relationship between the two countries by blending traditional musical forms from both cultures.
Awaz The Voice·
ScienceBotswana has introduced its National Renewable Energy Power Sector Plan aimed at promoting sustainable energy for all. The plan focuses on increasing renewable energy capacity, reducing reliance on fossil fuels, and supporting environmental sustainability. It aligns with global efforts to combat climate change and ensure energy access for all citizens.
Sustainable Energy for All·
BusinessThe Jammu and Kashmir assembly passed the Ease of Doing Business Bill to reduce industrial regulatory hurdles, receiving praise from traders. However, local environmentalists have warned that economic reforms should not compromise the region's fragile environment. The bill aims to boost business activity while balancing ecological sustainability.
ETV Bharat··Jammu and Kashmir
TechnologyDeutsche Telekom has outlined its goals for AI-related revenue growth and cost reductions. Open Cosmos revealed plans to launch a 192-satellite low Earth orbit constellation. Airtel Business introduced a new telco-grade service, expanding its enterprise offerings. These developments highlight significant advancements in telecommunications and satellite technology sectors.
telecomtv.com·
HT Business·
CH Robinson Worldwide shares fell 7.4% pre-market following its announcement to acquire RXO Inc. for about $5.8 billion. The deal will create a logistics business valued over $25 billion. Investors are concerned about the cost, new debt, and dilution from issuing new CH Robinson shares, which will make up 43% of the payment. RXO shareholders will get $17.25 cash plus CH Robinson stock.
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