Daily Management Review
Business & Finance

IFF And DuPont In A ‘$45 billion’ Merger Deal

DuPont selected IFF as the “preferred strategic partner for N&B”. International Flavors & Fragrances Inc has informed about the merger with a “nutrition & biosciences” unit of DuPont Inc which values “$26.2 billion”. The said deal will give birth to a “new consumer giant” which will value...

Binding Agreement Reached For Fiat Chrysler And PSA $50B Merger

The announcement of reaching a binding agreement for the approximately $50 billion merger of Fiat Chrysler Automobiles and PSA, owner of Peugeot, was made by the two companies. Analysts believe that the merger will create the fourth largest auto company of the world and is sure to reshape the...

Fujifilm buys Hitachi unit for $ 1.63B

Japanese Fujifilm Holdings has confirmed the purchase of a unit of Hitachi Ltd., specializing in the production of medical equipment, according to a press release from Fujifilm. "We expect the deal to reach approximately 179 billion yen ($ 1.63 billion)," the company said. Fujifilm also announced...

Uber is in talks to sell Uber Eats in India

Uber has begun negotiations to sell its Uber Eats food delivery service in India to local rival Zomato, according to The Wall Street Journal, citing three informed sources. Uber is in talks to sell its Uber Eats division in India to local rival Zomato, three informed sources told The Wall Street...

Boeing Could Halt 737 MAX Production

FAA thinks Boeing’s “public statements” are “designed to force FAA into taking quicker action”, while the company is facing the dilemma of whether to stop the 737 MAX production or not. Boeing is seriously thinking about if its needs to stop manufacturing the “737 MAX” following the last week’s...

Pioneers Of Sustainable Funds Pressurized By Advent Of Large Funds Into The Sector

Those fund managers who are considered to be pioneers of specialization in the area of investment in green stocks are apparently missing out on benefiting from the gains being made by such stocks after the sector is slowly getting onto the mainstream and because of rising interest in the sector by...

H&M profit jumps by 11% in 2018-2019

The revenue of one of the world's largest clothing retail chains Hennes & Mauritz (H&M) in the fiscal year 2018-2019 (ended November 30) grew by 11% in annual terms, to 232.764 billion Swedish kronor ($ 24.9 billion), according to company press release. Revenues in local currencies in the...

Softbank’s China Bets Add To Its Other Global Woes

The lackluster performance of the Chinese companies in which Japanese investment conglomerate SoftBank had invested in has added to the woes of the company that it has faced with some of its other best in the west such as Uber and WeWork   While its massive Vision fund has apparently run...

Spam Detection And Verified Business Messaging In Messages To Be Rolled Out By Google

Two new features for its Messages app for the Android operating systems are set to be tolled out by Google, the United States based search engine giant announced on Thursday. The two features are designed to help the message users of Google to weed out any form of annoying messages and to know...

Action Against Harassment, Racist, Sexist Videos On Its Platform Announced By YouTube

Another tough measure to tackle the spread of hateful and violent speech through its site is being taken by YouTube.   Those videos in which there are insults hurled at people on the basis of race, gender expression, sexual orientation or other “protected attributes” would be deleted from...
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