Håkan Agnevall, President of Volvo Bus Corporation, said that by consolidating the operations of VBI into VECV, "we aim to further develop our bus business and strengthen our position in the Indian bus market. The new bus division will offer a full range of modern buses covering customer needs for heavy, medium and light duty buses”. … [Read more...] about VECV to buy Volvo Group India bus business for Rs 100 crore
Best buy happy valley
Typically speaking, private equity CEOs are paid for executing the plan that’s best for the bottom line. That means they are focused on cutting costs and getting a good return for investors. Often, they are not interested on things that will take several years to get to fruition because they may not have that kind of time. … [Read more...] about Can I ‘buy’ back an idea from the private equity firm that owns my company?
VECV senior management clarified that no debt of Volvo has been taken over by VECV. Volvo Bus India’s turnover by end of March 2020 stood at Rs 276 crore, down 34 percent compared to the FY19. The executives declined to share the profitability position of Volvo Bus India. … [Read more...] about Eicher Group company buys Volvo Bus India for Rs 100 crore
So what can airlines do? United Airlines went the route of appropriating health and wellness by partnering with Cleveland Clinic and Clorox. Similarly, Hilton Hotels is partnering with Mayo Clinic and Lysol. For United, it was little more than a veneer—and completely lacking in empathy. Customers saw through it and looked to Delta. Delta promised to keep the seat next to you open and was the first to remove passengers for refusing to mask up. Even without a Clorox endorsement, Delta seems to be winning because the airline put people, not profits, first. (Textbook health and wellness move.) … [Read more...] about Why every brand now needs to behave like a health and wellness brand
The Indian Ministry of External Affairs(MEA) on Friday said that India and China agreed on "early and complete" disengagement of troops in eastern Ladakh and may hold more military talks soon so as to work out further steps to ensure "expeditiously" complete “disengagement and de-escalation" and restoration of peace and tranquility in the border areas. … [Read more...] about Indian, Chinese troops complete disengagement at most locations of border, says China