Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
SpaceX Stock Slump Wipes Out Nearly $700 Billion From Elon Musk’s Paper Wealth 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
Shein Reports $99 Million Loss Ahead of Hong Kong IPO as U.S. Tariffs Hit Sales 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors 
Mexican bakery company Grupo Bimbo and its Indian subsidiary Ready Roti India have acquired Indian bread brand Modern Foods for an undisclosed sum from private equity firm Everstone Capital.
The bread brand was offloaded by Everstone Capital offloaded Modern Foods through its bread and bakery platform, Everfoods Asia.
It was acquired by Everfoods from Hindustan Unilever in April 2016, relaunching its iconic bread brand nationwide in June 2017.
The ownership of Modern Foods has now changed for the third time.
Modern Foods manufactures white, health and wellness, and sweetbreads, as well as cakes, creme bites, rusks, and muffins, which it sells through a distribution network covering over 80,000 retailers throughout India.
Established in 1965, Modern Foods operates seven manufacturing units across India,
Everstone claims that under its leadership, Modern Foods not only strengthened its geographic coverage but also expanded its portfolio from being a bread brand to a baked goods company.
According to Roshini Bakshi, managing director of Everstone Capital Asia, they have rejuvenated the legacy Modern brand.
Grupo Bimbo, through its venture capital arm, Bimbo Ventures, made a minority investment in allergy-friendly snack brand Rule Breaker Snacks.
