Michael White to retire from PepsiCo
PepsiCo has revealed that their vice chairman and PepsiCo International chief executive Michael White would retire later this year.
He has been with the company for the last 20 years.
He is also going to leave the company’s board of directors after his retirement.
Zein Abdalla would become the [...]
Star TV Asia splitting into three entities
News Corp has announced that they are now restructuring their television operations in the Asian market.
Star TV Asia is being divided into three different entities:
Star India
Star Greater China
Fox International Channels
Star India would be headed by CEO Uday Shankar. It would manage 19 television channels being broadcast in eight [...]
Volkswagen considering investing in Suzuki
Volkswagen is the largest automobile maker in the European market.
However, they are somewhat struggling to compete against their rivals in the Asian markets like India.
Market sources say that VW is considering investing in Japanese automaker Suzuki which dominates the small car market in India through their subsidiary Maruti Suzuki [...]
Lenovo said to be cutting jobs in domestic market
Chinese personal computer maker Lenovo has set to begun cutting jobs in their domestic operations.
Market sources say that the company is laying off 200 staff in its Beijing-based headquarters.
This was reported in a news item by China Tech News.
Reports further say that the company [...]
IBM collaborating with Ricoh for sharing services
US based tech giant IBM is collaborating with Japanese office equipment maker Ricoh.
The two companies would now share each other’s sales network starting this year.
They would also be cross promoting each other’s products in the market.
This has been revealed in a news report by the Nikkei business daily. [...]
Chevrolet Cruze: GM working on a compact car for the US market
GM has announced that they are going to invest more than $500 million on a new project to develop a compact car for the US market.
This model has been named Chevrolet Cruze and it marks a major shift in the strategy for the company [...]
Daimler Hero Motor to invest $1.1 billion on expansion
Daimler has announced that they along with Hero Group of India would invest around $1.1 billion in the next five years on expansion in the South Asian market.
Daimler Hero Motor is scheduled to start manufacturing trucks by 2010. They would initially sell them in the Indian [...]
Dell expanding in Asia Pacific market
Dell Inc. has revealed that they are growing in the Asia Pacific market at a rapid face.
The company added that the outlook for laptop computers continues to be bright in this region.
Dell CEO Michael Dell had this to say: “Dell experienced 41 percent unit growth in Asia Pacific [...]
Bangladesh emerging as a growing mobile market
Indian mobile market is growing at a rapid pace. But we are not alone.
Bangladesh has now emerged as another rapidly growing mobile market in the Asian region.
The country saw addition of 2.05 million new subscribers in January.
There are now around 36.4 million mobile customers in Bangladesh.
Bangladesh Telecom Regulatory [...]
Yahoo expands mobile operations in Asia
US based Internet company Yahoo has announced new deals in Asia to expand the availability of their mobile services.
The company also announced the launch of their mobile service called Yahoo Go in traditional Chinese in Taiwan.
A company representative added: “Those 16 deals will give us roughly 40 percent coverage of [...]
