Tata Boss Chandrasekaran Hires Bankers To Streamline Businesses, Sell Or Merge Units

Nearly six months after his turbulent elevation to run India’s biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the group’s biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to interviews with senior executives. As many as one-third of the […]

Daimler’s MyTaxi Said to Merge With Hailo to Take on Uber

Daimler will deepen its European footprint in the ride-hailing business when its MyTaxi smartphone app unveils an all-share merger deal with UK rival Hailo as soon as Tuesday, three sources briefed on the matter told Reuters. It is the latest push by traditional carmakers to enter the taxi ride hailing services market dominated by technology […]