Rapido, a bike taxi aggregator in India, said on Monday it has raised $52 million in a new financing round as the six-year-old startup looks to find space in a category dominated by Ola and Uber in the South Asian market. The six-year-old startup’s new funding — Series C — was financed by Shell Ventures,… Continue reading Indian bike taxi service Rapido raises $52 million
Tag: Strategy
Chinese ride-hailer Didi says will be more transparent on driver income after criticism
China’s Didi Global Inc said on Monday drivers in several Chinese cities will be able to know details on how Didi pays them, the first big move by the ride-hailing giant after it was criticised by state media that it pays drivers unfairly. In a post on Weibo, Didi said drivers in seven Chinese cities will be the first to know… Continue reading Chinese ride-hailer Didi says will be more transparent on driver income after criticism
Deutsche Bank hires 3 Credit Suisse wealth management executives in SE Asia push
Deutsche Bank Wealth Management said on Monday it has hired three executives from Credit Suisse to work across Southeast Asia as part of an ongoing expansion strategy for the region. Urs Brudermann, at Credit Suisse for the past 11 years and most recently as team leader for Thailand, joins Deutsche‘s wealth management arm as managing director and… Continue reading Deutsche Bank hires 3 Credit Suisse wealth management executives in SE Asia push
HSBC to buy Axa’s insurance assets in Singapore for $575m
HSBC said on Monday it had agreed to acquire Axa’s insurance assets in Singapore for $575 million, part of its broader strategy of scaling up its wealth management business in Asia and boosting fee income. The bank said in February it would invest $3.5 billion in its wealth and personal banking business in Asia, while… Continue reading HSBC to buy Axa’s insurance assets in Singapore for $575m
GIC unit backs ESR’s latest China logistics development platform
Hong Kong-based ESR Cayman Limited announced that it has partnered with Dutch pension fund manager APG Asset Management and RECO Investor, an indirectly-owned subsidiary of Singapore’s GIC, to launch a new logistics development platform in China. The ESR China Development Platform (ECDP) will have an initial equity commitment of $1 billion and invest in warehousing… Continue reading GIC unit backs ESR’s latest China logistics development platform
Europa Wire: Leverage the benefits of digital manufacturing with Haizol000129
(PRESS RELEASE) LONDON, 15-Aug-2021 — /EuropaWire/ — Traditionally, when a procurement team is sourcing parts or products to be manufactured, the process is a long and complex one. After initial research, they then develop a short list of potential manufacturers which fit their desired criteria, and more often than not then make the trip to… Continue reading Europa Wire: Leverage the benefits of digital manufacturing with Haizol000129
German Manager Magazin: Hella takeover: What auto supplier Faurecia is planning to do with Hella from Lippstadt001035
An era is ending for the car headlight specialist Hella. After almost 100 years in family ownership, the company is based in the Westphalian town of Lippstadt sold to the French auto supplier Faurecia for up to 6.8 billion euros. The 60 or so members of the Hueck / Röpke founding family gave the Nanterre-based… Continue reading German Manager Magazin: Hella takeover: What auto supplier Faurecia is planning to do with Hella from Lippstadt001035
@Groupe PSA: PR COMBINING FAURECIA AND HELLA TO CREATE A GLOBAL LEADER IN FAST- GROWING AUTOMOTIVE TECHNOLOGIES, FULLY ALIGNED WITH INDUSTRY MEGATRENDS002291
✓ Creation of the #7 global automotive supplier, with a highly advanced technologyportfolio addressing all industry megatrends✓ Combination of two highly complementary companies, sharing the same focus oninnovation, operational excellence, customer satisfaction and ESG✓ Hella’s identity, businesses and employees will play a major role within the combinedGroup, Lippstadt will be global headquarter for three out… Continue reading @Groupe PSA: PR COMBINING FAURECIA AND HELLA TO CREATE A GLOBAL LEADER IN FAST- GROWING AUTOMOTIVE TECHNOLOGIES, FULLY ALIGNED WITH INDUSTRY MEGATRENDS002291
World NM: Mahindra inaugurates new SUV proving track in Tamil Nadu001464
The age-old city of Kanchipuram, in Tamil Nadu, is known for its magnificent temples and exquisite silk wear. Mahindra officially opened the doors to the MSPT, for Mahindra engineers to test the SUV products in a variety of terrains and simulations. The Mahindra SUV Proving Track will house the very strategic 4×4 Center of Excellence… Continue reading World NM: Mahindra inaugurates new SUV proving track in Tamil Nadu001464
Faurecia to Take Over Auto Supplier Hella in $8 Billion Deal
(Bloomberg) — Faurecia SE agreed to take over Hella GmbH in a deal valuing the German automotive supplier at 6.8 billion euros ($8 billion), beating out rival bidders from the European car-parts industry. Nanterre, France-based Faurecia will purchase a 60% stake from Hella’s founding Hueck family through a mixture of cash and stock, according to… Continue reading Faurecia to Take Over Auto Supplier Hella in $8 Billion Deal