The US firm’s Indian arm decided not to proceed with the deal in October after agreeing to acquire Arcion Revitalization Pvt. for about 2 billion rupees ($24 million), said the people, who asked not to be identified as the information is private. 

Ujjivan Small Finance Bank released its Q3FY23 business update, and the bank has seen robust disbursals but failed to translate into higher asset under management (AUM) growth. However, the bank’s asset quality continues to improve.

The CBI has filed a new case against Unitech Limited and its former directors in connection with an alleged fraud in the IDBI bank involving an amount of Rs 395 crore, officials said.

Bed Bath & Beyond expects to report net sales of $1.26 billion for the third quarter ended November 26. That would be a 32 percent drop from a year earlier. It also anticipates a net loss of roughly $385.8 million for the third quarter, wider than its loss of $276.4 million in the year-earlier period. The company’s recently-appointed CEO and president, Sue Gove, blamed the poor performance on inventory constraints and reduced credit limits that resulted in shortages of merchandise on the shelves.