Commerzbank CEO says talks with UniCredit are possible only after UniCredit presents key deal points.
Category: Companies
Latest news on Indian companies, earnings, corporate actions, strategy, and sector developments.
India HPCL buys 2 million barrels of West African oil for early May, sources say
India’s Hindustan Petroleum purchases 2 million barrels of Angolan oil amid shifts in crude sourcing
UBS asset management tells unions it needs to cut one fifth of Italy staff
UBS Asset Management Europe plans to cut about 20% of its Italy staff, opening negotiations with unions.
UBS says it has secured U.S. bank licence
UBS secured a U.S. banking license to expand its wealth management services in the American market.
Zetwerk plans to confidentially file for Indian IPO in two weeks, sources say
Zetwerk plans to file IPO draft papers confidentially within two weeks, targeting $500-550 million.
Exclusive: US packaging firm Silgan signals interest for Germany’s Gerresheimer, sources say
US packaging company Silgan Holdings has indicated interest in acquiring German firm Gerresheimer.
Tesla plans India push into energy storage as it expands beyond cars, job ad shows
Tesla plans to enter India's industrial energy storage market as it expands beyond cars.
French navy seizes tanker from Russia suspected of flying false flag in Mediterranean
French Navy seized the Russian tanker Deyna, suspected of flying a false flag.
Indian airlines seek fare cap removal as Iran crisis hits operations
Airlines seek removal of fare caps amid operational challenges due to Iran crisis.
Germany’s Vincorion jumps on market debut after hotly subscribed IPO
Vincorion shares rose 13.5% on Frankfurt debut after an oversubscribed IPO.
Flipkart’s group finance chief Sriram Venkataraman to step down
Flipkart group finance chief Sriram Venkataraman announced his departure.
Goldman Sachs to make small job cuts on performance in April, source says
Goldman Sachs to reduce staff numbers in April targeting underperforming roles, source says
Iran attack wipes out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says: Reuters
Iran attack damaged 17% of Qatar's LNG capacity, CEO says.
India’s SBI Funds Management files for IPO
SBI Funds Management has submitted its draft prospectus for an IPO, according to a filing.
Iran Strike Damages 17% of Qatar LNG for 3-5 Years, Reuters Says
Iran's recent attack damaged 17% of Qatar's LNG export capacity, affecting production for 3-5 years.
Exclusive: Iran attack damage wipes out 17% of Qatar’s LNG capacity for three to five years, QatarEnergy CEO says
Iran attacks destroyed 17% of Qatar’s LNG capacity, repairs to take three to five years, says QatarEnergy CEO.
UniCredit to trim up to 400 IT jobs in Germany as it cuts costs and streamlines
UniCredit plans to cut up to 400 technology jobs in Germany to reduce costs and streamline operations.
India’s auto boom at risk as Iran-Israel war chokes gas supplies, straining supply chains
India’s automakers face production slowdowns due to gas supply disruptions linked to the Iran-Israel conflict.
UBS CEO attacks ‘fearmongering’ over bank regulations
UBS CEO Sergio Ermotti said excessive focus on risks has jeopardised Swiss trust gained from Credit Suisse crisis management.
Exclusive: Airbus seeks Pratt & Whitney damages over engine delays, sources say
Airbus is pursuing damages from Pratt & Whitney over late engine shipments amid production challenges.
Spanish prosecutor seeks more than $200 million fine on BBVA over spying allegations
Spanish prosecutor seeks 181.8 million euro fine on BBVA over spying allegations.
India’s JSW unit seeks government help to secure gas supplies amid shortages
JSW Steel unit requests government aid to secure gas supplies amid shortages linked to Iran war
Novo Nordisk patent expiry opens door to cheaper weight-loss drugs in India
Novo Nordisk’s patent expiry on semaglutide in India opens market to cheaper generics.
Past compliance issues at India’s HDFC Bank
The resignation of HDFC Bank's non-executive chairman has raised governance concerns at the private lender.
UK’s IG Group mulls deals, domicile shift as part of strategic review
IG Group begins strategic review including acquisitions and domicile changes after record revenue.
