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New Delhi: PVR INOX on Monday said it will divest its premium snacking business under the 4700BC brand to FMCG major Marico in an all-cash transaction valued at Rs 226.8 crore, a move aimed at reducing debt and sharpening focus on its core cinema operations. PVR INOX expects this deal to “be completed within 30…
Samsung Electronics’ quarterly profit more than tripled to a record high after global demand for AI servers sharply lifted memory chip prices. South Korea’s largest company reported a preliminary operating profit of $13.8 billion in the three months through Dec, up 208% and beating the average estimates that analysts projected. Bloomberg
