Whirlpool Corp is divesting a 31% stake in its Indian arm, attracting interest from Reliance Retail, Havells India, and buyout funds like EQT and Bain Capital. This move is part of a global restructuring following a $1.5 billion loss, with the aim to raise $550-600 million.
Mark Mobius, pioneer of emerging markets investing, dies at 89
Mark Mobius, a pioneer of emerging markets investing, has died at 89. Known for decades at Franklin Templeton Investments, he championed opportunities across developing economies,