PepsiCo offers to settle with Indian potato farmers after backlash

Dubai: PepsiCo has agreed to stop pursuing four small farmers in India it had earlier accused of illegally growing a variety of potatoes it had exclusive rights on. The company’s Indian subsidiary filed lawsuits against the farmers earlier this month. On Friday, during a court hearing in the Indian state of Gujrat, a lawyer for […]

Abraaj Group founder and former CEO Arif Naqvi denied bail after being called flight risk

Arif Naqvi, the founder of buyout fund Abraaj Group, was denied bail by a London judge Friday after prosecutors said he may flee to Pakistan rather than face U.S. fraud charges. Judge Emma Arbuthnot denied Naqvi’s request after prosecutors said the 58-year-old wrote down the phone number of the Pakistani president when he was arrested […]