Ola will face competition from Uber and Daimler-backed Bolt in the London. In a significant development, London’s transport regulator has permitted Indian ride-hailing company Ola to launch its service in the city. Bengaluru-based, SoftBank-backed Ola stated it has got a… Read More ›
SoftBank aims to buy bonds that can be later converted into Wirecard shares. As per a report from Bloomberg citing sources familiar with the matter at hand as saying, the SoftBank Group Corp is looking to acquire a 5% stake… Read More ›
Given Renault’s stake in Nissan, Jean-Dominique Senard, Renault’s chairman, will be joining Nissan’s board. On Wednesday, the Financial Times reported citing sources with knowledge of the discussions at hand, Nissan Motor Co Ltd’s independent committee on governance is likely to… Read More ›
Saudi Arabia’s PIF used an equity collar to reduce its exposure to price movements of Tesla’s shares. As per a report by the Financial Times, Saudi Arabia’s Public Investment Fund (PIF) has reduced its exposure to Tesla Inc. Saudi Arabia’s… Read More ›
The Financial Time’s report had cited sources and a fund raising document, and stated, Berkshire Hathaway’s geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices. Berkshire Hathaway Energy Co, a unit… Read More ›
The funds were channeled through Monarch’s offshore holding company, Petrol Jersey in several tranches. On Monday, as per a report by the Financial Times, Boeing Co had sunk in $130 million (100 million pounds) into Britain’s now collapsed Monarch Airlines…. Read More ›
The Trump Administration has twice rejected Beijing appeal to cut steel overcapacity by 150 million tonnes. The Financial Times has reported citing sources familiar with the matter, U.S. President Donald Trump has rejected a Chinese proposal to cut steel overcapacity… Read More ›
Wells Fargo is restructuring itself to make it leaner and more efficient. The Financial Times has reported citing Wells Fargo’s CFO, John Shrewberry as saying, it will be spinning off a number of its products “worth hundreds of millions of… Read More ›
German generic drug manufacturer Stada has been caught in the eye of the storm from activist shareholders since July 2016. This latest takeover bid is the result of a year-long pressure to improve its profitability in areas including transparency, hierarchies,… Read More ›
Increased competition and its focus on brick-and-mortar stores instead of online shopping models could be some of the reasons for its lackluster performance. Its underpriced shares have attracted sharks, with hedge funds stating that it could make a good acquisition…. Read More ›
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