Daily Management Review
Business & Finance

In His Battle With Coke And Pepsi In India, Indian Billionaire Ambani Follows A Tried-And-True Strategy

With plans to exploit its extensive retail network, reduce costs, and capitalize on nationalist sentiment, Indian industrial juggernaut Reliance is reviving a legendary regional cola brand in an effort to compete with PepsiCo and Coca-Cola in a crucial market.   Reliance, a company owned by...

India Says It Is Now Time For Airbus, Boeing To Start Assembling Aircraft In The Country

Airbus and Boeing are under increasing pressure to build jetliner factories in India after the nation's civil aviation minister told Reuters that the "time has come" to meet its surging demand with aircraft built there.   As India's rapidly expanding aerospace industry reaches a "inflection...

China opposes sale of TikTok business in the US

China has issued a strong warning that it will resist TikTok's forced sale to the United States and its separation from Chinese parent company ByteDance. Shu Jueting, a spokesperson for the Chinese Ministry of Commerce, said Beijing will vehemently reject the forced sale of the US TikTok business...

EC suspects Red Bull of breaching antitrust laws

Investigators from the European Commission's antitrust division conducted inspections at Red Bull's European locations. According to AFP, which cited officials, the business was suspected of breaking EU antitrust laws by abusing its market dominance. Representatives of the European Commission...

Argentine government takes temporary control over Enel's local subsidiary

The energy company Edesur, which is owned by the Italian Enel, will now temporarily be under the authority of the Argentine government. According to reports, the government's decision was motivated by frequent and severe disruptions in Buenos Aires, the nation's capital, and the area around it....

New Made In America Regulations To Take Effect, EV Charger Producers Anticipate A Slowdown

Electric vehicle charger producers and operators in the US are preparing for a slowdown in deployment as they struggle to meet the "Made in America" requirements of a $7.5 billion federal program intended to accelerate the industry.   President Joe Biden's initiative to build an...

Credit Suisse bondholders getting ready to sue the bank

Bondholders of the Swiss bank Credit Suisse are allegedly preparing to sue the institution, according to the CNBC TV channel. The valuation of the $17 billion in AT1 bonds (unsecured perpetual bonds) issued by the bank will probably be written down to zero, according to a statement made last Sunday...

EU Court Orders Mercedes To Pay Compensation In Diesel Lawsuit

If a purchaser experienced damages as a result of Mercedes Benz's improper installation of devices that reduce exhaust recirculation in diesel vehicles, the carmaker will be required to make restitution, judged the Court of Justice of the European Union (ECJ). An owner of a used Mercedes initially...

General Motors' Business In China Is Not Going Well

One of the two primary profit generators for the Detroit automaker and its top sales market for more than ten years, China, is losing ground to competitors.   It fell below 10% for the first time since 2004 when the company's market share in the nation, including its joint ventures, fell...

EY's Now Halted Partition Is The Subject Of A $2.7 Billion London Lawsuit

The administrators of troubled hospital operator NMC Health PLC filed a $2.7 billion lawsuit in London over concerns that EY would not be able to make payments if it lost the case, bringing EY's plans to separate its auditing and consulting arms into the legal fray.   Although reports this...
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