Category: Companies

Source: Reuters (via feed) Shares in German defence supplier Vincorion rose about 13.5% on their Frankfurt market debut on Friday. The initial public offering was multiple times oversubscribed. Investor demand carried through from the offering…

Source: Reuters (via feed) Walmart-owned e-commerce platform Flipkart said on Friday that its group finance chief, Sriram Venkataraman, is stepping down. BizTrendWire Insight: Flipkart's announcement relates to a change in its finance leadership. Read full…

Source: Reuters (via feed) Goldman Sachs plans to cut a small number of jobs in April. The targeted staff are those who have underperformed. This information comes from a source familiar with the matter. BizTrendWire…

Source: Reuters (via feed) QatarEnergy CEO Saad al-Kaabi said that two of Qatar’s 14 LNG trains were damaged in strikes attributed to Iran. He also reported damage to one of Qatar’s two gas-to-liquids facilities. The…

Source: Reuters (via feed) India's SBI Funds Management filed for an initial public offering on Thursday. The company submitted a draft prospectus as part of the IPO process. The filing was disclosed publicly. There were…

Source: Reuters (via feed) Iran’s recent attack damaged facilities producing about 17% of Qatar’s liquefied natural gas export capacity. This information was provided by QatarEnergy’s chief executive officer. The report was mentioned by Reuters. The…

Source: Reuters (via feed) QatarEnergy CEO Saad al-Kaabi said Iran's attacks have damaged facilities producing 17% of Qatar’s liquefied natural gas export capacity. He gave this information in an interview with Reuters on Thursday. According…

Source: Reuters (via feed) Italian bank UniCredit plans to cut up to 400 technology jobs in Germany. The company said the move aims to reduce costs and streamline operations. UniCredit announced this on Thursday. The…

Source: Reuters (via feed) India's automakers and parts suppliers are bracing for production slowdowns and assembly-line disruptions. These challenges are linked to reduced gas availability caused by the Iran conflict. The shortage poses a threat…

Source: Reuters (via feed) UBS CEO Sergio Ermotti said on Thursday that much of the trust Switzerland gained from managing the Credit Suisse crisis three years ago has been jeopardised. He said this was due…

Source: Reuters (via feed) Airbus is pursuing potential damages from Pratt & Whitney over late engine shipments. Two people familiar with the matter said Airbus is ramping up pressure on the U.S. engine maker. The…

Source: Reuters (via feed) Spain's anti-corruption prosecutor has requested a fine of 181.8 million euros ($208.16 million) against BBVA. The fine relates to the bank's alleged role in a spying scandal. This information is based…

Source: Reuters (via feed) India's JSW Steel Coated Products, a unit of JSW Steel, has sought government intervention to secure supplies of liquefied natural gas and propane. The request is intended to prevent output disruptions…

Source: Reuters (via feed) India's market for diabetes and weight-loss drugs is facing change. Danish drugmaker Novo Nordisk's patent on semaglutide expires this week. This expiry triggers a wave of cheaper generic drugs from local…

Source: Reuters (via feed) The non-executive chairman of HDFC Bank resigned abruptly. He cited differences over values and ethics as the reason for his departure. HDFC Bank is India's largest private-sector lender. The resignation revived…

Source: Reuters (via feed) British spread betting specialist IG Group has launched a strategic review. The company stated that the review may include acquisitions. It is also considering changes to its domicile and listing venues.…

Source: Reuters (via feed) India's largest private lender, HDFC Bank, said on Thursday that the exit of its chairman could be due to a rift between him and the management team. The bank added there…

Source: Reuters (via feed) Swatch Group CEO Nick Hayek has expressed concern about the strength of the Swiss franc. According to Swiss broadcaster SRF, he said the franc's appreciation was putting domestic industry at risk.…

Source: Reuters (via feed) HDFC Bank shares slid 8.7% in pre-open trade on Thursday. The decline followed the resignation of part-time chairman Atanu Chakraborty. Chakraborty cited differences over "values and ethics" as the reason for…

Source: Reuters (via feed) HSBC Holdings Plc is considering significant job cuts over the coming years. The reductions could impact around 20,000 roles. This accounts for about 10% of HSBC's total workforce. Bloomberg News reported…

Source: Reuters (via feed) HDFC Bank said late on Wednesday that its part-time Chairman Atanu Chakraborty had resigned. He cited differences with the lender over his "values and ethics" as the reason for his departure.…

Source: Reuters (via feed) UniCredit CEO Andrea Orcel said on Wednesday that a potential combination with Commerzbank is currently the bank’s priority. He added that further consolidation in Italy could still provide opportunities in the…

Source: Reuters (via feed) BNP Paribas is avoiding major cross-border acquisitions, said Lutz Diederichs, head of its German unit. He said the bank is opting instead for smaller and less-complicated deals. Diederichs described this approach…

Source: Reuters (via feed) Reliance Jio Platforms has hired 17 banks to manage its stock listing in Mumbai. The company will not raise any new funds through this initial public offering. The listing will allow…

Source: Reuters (via feed) Standard Chartered is reviewing offers from Kotak Mahindra Bank and Federal Bank. The proposals concern up to 600,000 customers in India who hold only credit card accounts with the British lender.…