ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
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.
