Tag Archives: group

Tata Group in talks to acquire Bharti Airtel’s DTH business: Sources

After merging their consumer mobile operations, Tata Group and Bharti Enterprises are now reportedly in talks to merge their DTH (direct to home) businesses. The two companies are also exploring other options like merging Airtel DTH business with Tata Sky. The talks have entered due diligence stage and would take at least a couple of months before being finalised. If ... Read More »

Hillary Clinton Launches New Political Group Supporting Trump ‘Resistance’

Hillary Clinton is wading back into politics. After hiking in the woods, attending Broadway shows and making a series of increasingly frank public statements on her election loss to Republican Donald Trump, the former Democratic presidential candidate officially launched her new political group Monday afternoon. Onward Together, whose name and logo are a nod to her campaign’s “Stronger Together” slogan, ... Read More »

Alibaba Group Expands Presence in Australia, New Zealand

Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries. The group’s billionaire founder Jack Ma, who spent time in Australia as a young man, said he hoped the e-commerce giant would help Australian ... Read More »

Brexit threatens 10 percent of London financial jobs: lobby group

Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called for full access after June’s vote to leave the European Union but such hopes have now faded, leaving the sector to call for ... Read More »

Lloyds Banking Group fails to meet ‘fee-free’ basic account guidelines

Lloyds Banking Group is failing to meet “fee-free” guidelines for millions of its basic bank accounts, which are typically held by people on low incomes. Data published by the Treasury showed more than 3.6 million of the group’s customers were at risk of running up bank charges because their accounts did not conform to a voluntary agreement reached between the ... Read More »

Oil industry faces boom-and-bust, warns IEA energy group

A new oil industry boom-and-bust cycle is likely if the current reduction in new investment is not reversed, says the International Energy Agency. The IEA says unless more money is spent exploring for, and developing, new oil fields, then demand may outstrip supply in the early years of the next decade. That could see oil prices surging again, says the ... Read More »

Lloyds Banking Group to close 49 branches and cut 665 jobs

Lloyds Banking Group is cutting 665 jobs and closing 49 branches as it continues to cut costs in an attempt to complete its return to the private sector. To cushion the blow of further branch closures, the bank – bailed out in 2008 – is launching a fleet of mobile vans intended to visit communities knocked by the disappearance of ... Read More »

AB InBev lauds SAB’s partnership with Castel Group

Brewer Anheuser-Busch InBev said on Tuesday that following its takeover of rival SABMiller it plans to continue developing SAB’s partnership with France’s Castel Group. “It’s a very important relationship that we intend to continue to develop and evolve,” AB InBev Chief Executive Carlos Brito told an investor conference call. He said he would contact the group’s owner Pierre Castel following ... Read More »

Restaurant Group ousts chief executive

Britain’s Restaurant Group, the struggling owner of the Frankie & Benny’s and Chiquito chains, has ousted its chief executive, replacing him with a former boss of bookmaker Paddy Power. The firm said on Friday that Danny Breithaupt, CEO for the last two years, had left the company and would be succeeded by Andy McCue on Sept. 19. “The board has ... Read More »

L&T Finance Group net up 15% on retail & wholesale advances

Leading non-banking lender L&T Finance Holdings on Monday reported a 15 per cent rise in consolidated net profit at Rs 237 crore for the March quarter, driven by retail and wholesale advances. Income from operations grew 19.77 per cent to Rs 1,957.96 crore in the fourth quarter ended March 31, while total disbursements jumped 20 per cent to Rs 10,688 ... Read More »