Savio D’Souza

Dec 8, 2024 | insideretail.asia | John Biju |Savio D’Souza |Shailesh Kuber |Nicole Kirichanskaya

China’s JD Logistics will acquire the 36.43 per cent stake it does not already own in Kuayue-Express Group for not more than 6.48 billion yuan (US$892 million) to further enhance express delivery offerings, the logistics services firm said on Friday. Under an agreement, Suqian Jingdong Bohai Enterprise Management, a unit of JD Logistics, will acquire the remaining stake in Kuayue-Express.

Oct 1, 2024 | hashtagkhabri.com | Nandan Mandayam |Siddhi Nayak |Savio D’Souza |Hashtag Khabri

Oct 1 (Reuters) – Shares of Indian non-bank gold lenders Manappuram Finance (MNFL.NS), opens new tab and Muthoot Finance (MUTT.NS), opens new tab dropped 2.9% and 3.6% early on Tuesday due to growth concerns, a day after the central bank found “several irregular practices” in the industry. These irregularities, the Reserve Bank of India said, included the use of third parties to source and appraise gold loans, not valuing gold in the customer’s presence and inadequate due diligence.

Sep 9, 2024 | inc-aus.com | Gnaneshwar Rajan |Savio D’Souza |Rashmi Aich

Nexus Capital emerges as a stalking horse bidder for the discount retailer, in a deal that could close before the end of the year. U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has initiated bankruptcy proceedings under Chapter 11.

Aug 23, 2024 | inc-aus.com | Seher Dareen |Savio D’Souza

The global oilfield services giant was hit by hackers, but the Department of Energy says no energy services were affected. Oilfield services firm Halliburton said on Friday that an unauthorized third party had gained access to certain of its systems. The company said it became aware of the breach two days back and had launched an internal investigation as well as taken certain systems offline to protect them. It said it is still working to identify any effects of the incident.

Aug 21, 2024 | insideretail.asia | Hritam Mukherjee |Savio D’Souza |Tong Van |Anil Prabha

French sporting goods retailer Decathlon said on Wednesday that it will invest US$111 million in India over the next five years to expand its store count and manufacturing in what is one of its key markets. The retailer, which entered India in 2009, sells a host of sports accessories ranging from footballs and yoga mats to bicycles and exercise equipment, cashing in on the growing interest in fitness and an active lifestyle.