Unit
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Putin grants HSBC approval to sell Russian unit to Expobank
RUSSIAN President Vladimir Putin gave approval on Monday (Feb 19) for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself…
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Whirlpool sells 24% stake in India unit for US$468 million
WHIRLPOOL said on Tuesday (Feb 20) it has executed a sale of 24 per cent of its stake in its India unit for about US$468 million. Whirlpool conducted the sale…
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Whirlpool set to sell 24% stake in Indian unit for up to US$451 million
APPLIANCE maker Whirlpool is selling a 24 per cent stake in its Indian unit this week for up to US$451 million via block deals, according to a term sheet seen…
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India central bank extends deadline for Paytm banking unit wind-down
INDIAN lender Paytm Payments Bank got a much-sought after extension from the central bank to wind down its operations on Friday (Feb 16), even as its overseas transactions are under…
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India central bank extends deadline for Paytm banking unit wind-down
INDIAN lender Paytm Payments Bank got a much-sought after extension from the central bank to wind down its operations on Friday (Feb 16), even as its overseas transactions are under…
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HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk
HSBC plans to tighten risk management at Hong Kong unit Hang Seng Bank due to worries about a potential rise in bad loans amid growing economic headwind and property sector…
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F&N unit leases land for US$3.9 million to build dairy manufacturing facility in Cambodia
BEVERAGE company Fraser and Neave (F&N) on Thursday (Feb 15) announced that its Malaysian unit Fraser & Neave Holdings Berhad (F&NHB) has agreed, through a subsidiary, to lease an industrial…
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Morgan Stanley to cut several hundred jobs in wealth unit
MORGAN Stanley is planning to eliminate several hundred jobs, the first such move under chief executive officer Ted Pick. The cuts will affect less than 1 per cent of employees…
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Sony plans financial unit IPO in 2025 after PS5 sales falter
SONY Group said it will list its financial arm in October 2025, prepping a major capital infusion after the media conglomerate cut the forecast for its core gaming division. The…
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CK Hutchison cancels sale of 3.4 billion euro Italian network unit
CK HUTCHISON Holdings cancelled the sale of a majority stake in its Italian network infrastructure portfolio to private equity firm EQT AB. “Conditions precedent to closing of the transaction were…
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Toyota says president, chairman of scandal-hit Daihatsu unit to step down
TOYOTA Motor said on Tuesday (Feb 13) both the president and chairman of Daihatsu Motor will step down, almost a year after the small-car unit said it had rigged collision…
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Nvidia chases US$30 billion custom chip market with new unit: sources
NVIDIA is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, according to nine sources familiar with…
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GM appoints former Tesla executive as V-P of battery unit
GENERAL Motors (GM) on Thursday (Feb 8) named former Tesla executive Kurt Kelty to the newly created role of vice-president of its battery unit. Kelty led Tesla’s battery development team…
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India’s smartphone market remains flat in 2023, Apple surpasses 10-mn unit mark
Apple IPhone 15 SeriesIANS India’s smartphone shipments remained flat in 2023 at 152 million units, as Apple surpassed the 10-million-unit mark in shipments and capturing the top position in revenue…
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Three US Soldiers Killed in Suicide Drone Strike on Base in Jordan Identified as Colleagues from Same Georgia Unit
The three US service members who lost their lives in the drone attack in Jordan over the weekend were identified on Monday as a decorated sergeant, a woman with plans…
