American beverages giant Coca-Cola has weathered many storms in India but none like the one it is undergoing this time. Apart from the Covid-induced disruptions, it is also going through a massive global restructuring and is now under a new chief. Sanket Ray, the new president of Coca-Cola India and South West Asia, comes with…
SINGAPORE – CapitaLand has proposed the group’s biggest-ever overhaul that will see the privatising of its real estate development business and consolidation of its fund management and lodging business. Under the scheme, the group’s investment management and fund managing platformsas well as its lodging business will be consolidated into CapitaLand Investment Management (CLIM), which is…
Source: Unsplash/Jonathan Ford Support for small businesses affected by flooding in parts of New South Wales and southeast Queensland has been announced by federal and state governments and the big four banks. The support comes after the New South State Emergency Service issued evacuation orders in Western Sydney and lower parts of the Blue Mountains…
Signage for HNA Group Co. is displayed atop the company’s building in Beijing, China, on Thursday, Feb. 1, 2018. Photographer: Giulia Marchi/Bloomberg Premium The once high-flying Chinese conglomerateHNA Group Co. Ltd.is seeking strategic investors for its airline, airport and retail businesses after receiving court approval to include the giant and 320 of its related companies…
As part of its global cost restructuring plans, Finnish telecom giant Nokia will lay off around 1,500 employees in India. Through this cost restructuring, the telecom bellwether aims to increase investment towards research and development capabilities and reduce site fragmentation. The restructuring plans will hit Nokia’s global operations as well as its India operations. Consultation…
The once high-flying Chinese conglomerate HNA Group Co. Ltd. is seeking strategic investors for its airline, airport and retail businesses after receiving court approval to include the giant and 320 of its related companies in a single bankruptcy restructuring case. HNAs decision, made public Friday in three separate announcements by its restructuring team, offers a…
The Liberal-National Coalition government pushed its industrial relations legislation through the Senate yesterday, but it had to drop key aspects of the bill that had been demanded by big business in order to win the votes of crossbench MPs. While the laws contain attacks on the rights and conditions of casual workers, and have been…
Focus on sports quiz, set to become a leading digital sports entertainment group in China HONG KONG, March 19, 2021 /PRNewswire/ — V1 Group Limited, (“V1 Group” or the “Company“, together with its subsidiaries, the “Group“; stock code: 82) announces today its audited results of the year ended 31 December 2020. From the acquisition of…
IRVINE, Calif., March 18, 2021 /PRNewswire/ –CarbonLite Holdings, LLC has retainedForce 10 Partners to lead its restructuring effort, following its voluntary bankruptcy filing on March 8, 2021. Force 10 Co-founder Brian Weiss is serving as chief restructuring officer. The Force 10 team is focusing on the post-bankruptcy emergence of CarbonLite, one of the world’s largest…
A restructuring and insolvency business has moved into the Scottish market with the opening of its first Scottish office in Glasgow. Opus Business Advisory Group has poached local insolvency and restructuring specialist Mark Harper from Wylie & Bisset to lead the Scottish office. The expansion makes Glasgow its 11th base, in addition to Bristol, Maidstone,…