SoftBank’s Masa-Misra partnership strained by losses, infighting
Misra is at the heart of the problem in ways that go beyond how the fund’s companies are performing.
Siemens AG sells Siemens shares worth over Rs 8,520 crore
Siemens Aktiengesellschaft is the parent company of Siemens Ltd.
Aston Martin confirms Mercedes boss Moers will replace CEO Palmer
The 107-year old British luxury carmaker earlier this month posted a deep f...
Ahead of Market: 12 things that will decide stock action on Tuesday
Stocks in Europe and Asia gained as investors weighed more signs of economies reopening.
European shares rise in thin trading, Bayer jumps
The euro zone stock index rose 0.8% in early deals, with the pan-European STOXX 600 up 0.6% and Germany's DAX up 0.9%.
Siemens stays positive on India despite virus eating into orders
Siemens AG has abandoned its earnings forecast for the ongoing financial year as the Covid-19 pandemic has affected demand and led to a decline in profit. The India operations also witnessed a decline in sales and profit, and deferment of orders in the March quarter, and the management expects the June quarter to be challenging.
SoftBank in talks to sell down T-Mobile US stake to Deutsche Telekom
SoftBank is widely expected to try and monetise its T-Mobile stake as it looks to raise $41 billion through asset sales to prop up its floundering tech investing empire and fund a record share buyback.
Ex-Tesla worker’s startup bets commuters will skip the bus
The auto industry has been particularly damaged by the pandemic, with lockdowns shutting dealerships and factories and crimping supply chains. Several large automakers threw out forecasts for the year, unsure of how long the impact would last.
Infosys inks strategic long-term partnership with K+S AG
K+S AG is the worlds largest salt manufacturer and Europe's biggest supplier of potash, according to an Infosys statement. As part of this partnership, Infosys would help K+S become more sustainable by navigating it to the nextgeneration hybrid cloud data centre, the statement said.
India reopens economy, but millions of SME workers stay home
Apart from the labor shortages and slack demand, small businesses are living with the threat they’ll be shut down for several weeks if a single infection is detected, forcing them to proceed with caution.
Convict in Rajiv Gandhi assassination case walks out of prison on parole
Rajiv Gandhi assassination case convict AG Perarivalan was released on parole from Vellore Central Prison on Nov 12. He is released for 30 d...
CCI approves acquisition of WABCO Holdings by ZF Friedrichshafen AG
Under the agreement, ZF will acquire all outstanding shares of WABCO for $136.50 per share.
The pandemic’s long-term pain is just becoming clear to markets
An indisputable takeaway from the crisis is a massive expansion in global debt.
Siemens AG elevates CTO Roland Busch as CEO with aim to push digital business
German engineering major Siemens AG has appointed Roland Busch as president and chief executive officer of its global operations as a part of its strategy to set in place the next generation of management, the company said in a statement on Thursday.
Factories fire up in Europe to pull economy back from the abyss
The restart is crucial to pull the European economy out of a tailspin that’s forced governments to pledge hundreds of billions of euros to keep companies afloat. Measures of private-sector business activity plummeted to an all-time low in April, with record job cuts.
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