Mars, the global confectionery giant, has announced that it will buy Hotel Chocolat, the British luxury chocolate maker, for £534m. The deal, which was agreed on Thursday, will see Mars take over Hotel Chocolat’s 140 stores, online business, and chocolate factory in Cambridgeshire. Why Mars wants Hotel Chocolat Mars, which owns brands such as M&M’s, Snickers, and Galaxy, said that the acquisition of Hotel Chocolat will help it expand its…

The second quarter of the fiscal year 2023-24 has witnessed a strong performance by the auto and banking sectors, as they have reported higher than expected earnings growth and improved margins. The domestic cyclicals have benefited from the recovery in demand and the low base effect of the previous year. The analysts have also upgraded their estimates for the full year earnings of these sectors, as they expect the momentum…

Robinhood, the popular online brokerage app, has been on a mission to democratize finance and make investing accessible to everyone. But its CEO, Vlad Tenev, has also been vocal about the problems of the traditional banking system, which he says is exploiting Americans and charging them exorbitant fees. Robinhood offers free checking and savings accounts In an interview with CNN Business, Tenev said that Robinhood is offering a better alternative…

A new collaboration to optimize cross-border payments Banking Circle, a leading provider of global B2B banking services, and Ant Group, a leading online payments provider, have announced a new partnership to enhance liquidity management for cross-border payments. The collaboration will leverage Banking Circle’s innovative FX and liquidity centre (FLC) structure and Ant Group’s next-generation treasury solutions to offer faster, cheaper and more transparent payment services to customers around the world.…