Starbucks on Monday announced it is forming a joint venture with Boyu Capital to operate the company's locations in China.Under the terms of the deal valued at $4 billion, Boyu, an alternative asset management firm, will hold up to a 60% interest in the joint venture. Starbucks will hold a 40% stake and maintain its ability to license the brand and intellectual property to the joint venture.The announcement comes after the coffee giant conducted a months-long review of options that included strategic partnerships. Starbucks values its China business at...
New Delhi: Union Minister for Railways Ashwini Vaishnaw has approved a plan for developing 76 new passenger holding areas at various railway stations across...
Katy Austin,Transport correspondent and Lucy Hooker,Business ReporterEPAGrowing concern among drivers, who say they struggle to drive at night due to the dazzle from...
Last Updated:October 23, 2025, 19:48 ISTChinese state oil companies reportedly suspended purchases of Russian oil after the US imposed sanctions on Rosneft and Lukoil,...