Corporate News

The publisher of Reader’s Digest, the most popular US general interest magazine, has said that it will file for bankruptcy protection with a plan to swap a portion of its debt for ownership of the company.
Reader’s Digest Association Inc, owned by the New York private equity firm Ripplewood Holdings since 2007, said that it [...]

Aiming raw material security primarily for its global operations, the world’s sixth largest steelmaker, Tata Steel, is scouting for iron ore and coking coal mines worldwide and is in talks with two mining firms in Vietnam and South Africa for joint ventures.
“We have an option in a South African iron ore mine to [...]

Put the brakes on the apologies. Think about your brands. And give us a reason to buy your cars.
That’s what marketing gurus say General Motors Co. must do as it begins a massive overhaul of advertising worth more than $2 billion a year now that it’s out of bankruptcy protection.
Since emerging from bankruptcy court last [...]

New Delhi (PTI): Embarking on its journey 25 years ago with just over 800 units, the country’s largest car maker, Maruti Suzuki India, has driven past the milestone of producing 80 lakh cars.
Since the rollout of the first ‘Maruti 800′ from its Gurgaon plant on December 14, 1983, the company has so far produced a [...]