by Jibran Munaf | August 28, 2024 | Corporate Finance, News
LG Electronics Inc. is exploring an initial public offering (IPO) for its Indian business as part of a strategy to reach $75 billion in electronics revenue by 2030. The South Korean company’s Chief Executive Officer, William Cho, mentioned that listing in India...
by Jibran Munaf | August 28, 2024 | Corporate Finance, News
Majid Al Futtaim has announced a net profit of Dhs1.6 billion for the first half of 2024, despite facing a challenging macroeconomic environment characterized by regional geopolitical conflicts and foreign exchange devaluations. The group’s assets saw a 2%...
by Jibran Munaf | August 28, 2024 | Corporate Finance, News
Apple Inc. has announced that Kevan Parekh, an Indian-origin executive, will be stepping into the role of Chief Financial Officer (CFO) starting January 2025. Parekh, who is currently the Vice-President of Financial Planning and Analysis at Apple, will succeed Luca...
by Jibran Munaf | August 27, 2024 | Corporate Finance, News
Shares of PDD Holdings, the parent company of online retailer Temu, experienced a significant decline of 28.57% on Monday, marking their largest single-day drop since the company’s Nasdaq listing. The steep fall followed a disappointing second-quarter earnings report...
by Jibran Munaf | August 24, 2024 | Corporate Finance, Markets, News
India’s market regulator SEBI imposes trading ban and hefty fines on Anil Ambani and associates for alleged fraudulent activities in Reliance Home Finance. In a major crackdown, the Securities and Exchange Board of India (SEBI) has banned Anil Ambani, the former...
by Jibran Munaf | August 17, 2024 | Breaking, Corporate Finance, News, Trending Now
Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. 9. As CEO, he’ll be tasked...