Trending


Search

More in Companies


2 years

Vodafone Strikes a Deal to Merge with Idea Cellular

Vodafone has merged its Indian business with Idea Cellular, India's third-largest network, to create the country's largest operator. The combined company will have almost 400 million customers, accounting for 35% of the market share. The deal involves consolidation of businesses, transfer of shares, appointing officials and synergising operations. 

2 years

Uber President Steps Down

Uber has lost two major top executives amid a series of scandals at the car-hailing company, with its head of ride-sharing and a key architect of its autonomous driving efforts the latest to depart. Uber faces a series of controversies including allegations of sexual harassment, rows with regulators over testing of self-driving cars and a lawsuit from Waymo, Google’s autonomous car unit, alleging theft of intellectual property.

2 years

Deutsche Bank Plans to Raise an €8bn Capital Increase

The German bank is preparing for a potential capital increase of about 8 billion euros, seeking to strengthen its balance sheet and free up funds for strategic investments after years of restructuring. Deustche bank is also examining several strategic measures, including an initial public offering of a minority stake in its asset management business as well as retaining its Postbank unit and integrating it into its other German retail business.

2 years

PwC's Darkest Week

The PriceWaterhouseCoopers’ Oscar mix up has dominated social media in the last couple of days, with many financial analysts claiming that Envelopegate could be a major hit to PwC's long-term reputation. The Oscars mistake casts unwanted spotlight on PwC. Not only did the firm’s Academy Award auditors accidentally mix up envelopes, causing chaos when the Best Picture Oscar was handed to the wrong film, but it is also under investigation in different audit cases.  PwC's darkest week continues. 

2 years

Alibaba Set to Become a Major Player in Cloud Services

When you think of the biggest cloud players in the world, one company you might not consider is Alibaba, the Chinese e-commerce giant that held a record $25 billion U.S. IPO in 2014. Alibaba entered the cloud computing business in 2009, just three years after Amazon launched its cloud division, AWS — and Alibaba’s cloud computing efforts are among the ambitious projects that the Chinese e-commerce giant is pursuing aggressively. 

2 years

Lessons learned from the Failed Kraft Heinz-Uniliver Takeover

Kraft Heinz, the consumer products group owned by 3G Capital and backed by Warren Buffett's Berkshire Hathaway, has withdrawn last week a $143bn bid for Unilever — the world’s 4th largest consumer goods company by sales, with revenues of €52.7bn. Unilever's largest shareholders have spoken out after the failed takeover attempt by Kraft Heinz, calling for a break-up of the consumer products giant, which may impact its food brands, including Marmite and Ben & Jerry's, being separated off from its personal care division. Important lessons could be drawn in the failed Kraft Heinz - Uniliver Takeover.  

2 years

Samsung's Crisis Continues

Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy.