Kraft Heinz has named veteran Chicago-based executive Steve Cahillane as CEO beginning Jan. 1, taking the reins of the packaged food giant as it prepares to split into two companies.
Gov. JB Pritzker on Tuesday celebrated his enactment of a new law that advocates say will avert catastrophic service cuts on Chicagos public transit systems and make the regions trains and buses safer and more reliable even as he acknowledged transformation takes a little bit of time.
Citadel is shrinking its footprint in Chicago three years after billionaire owner Ken Griffin left for Florida, moving the companys remaining operations in the city out of the downtown tower that was named for it, according to people familiar with the matter.
Axis Bank chief economist Neelkanth Mishra projects India's real GDP to grow 7.5% in the next fiscal, driven by reforms and supportive policies. Headline inflation is expected to remain within the RBI's comfort zone around 4%, with the central bank likely maintaining a softer monetary stance.
The scheme would encourage banks to lend to microfinance institutions (MFIs), especially the smaller ones, which are facing liquidity crunch amid limited access to bank funding. An announcement to this end is likely in the 2026 budget, people cited above said. The likely size of the guarantee programme is not known.
Airtel Africa is joining hands with SpaceX. This partnership will bring Starlink's satellite internet to smartphones across 14 African countries. The service begins in 2026. It will offer data for apps and text messages. This will connect people in areas without regular mobile networks. Next-generation satellites promise much faster speeds.
