ALVAREZ MARSAL
Chinese EVs win over some in South Korea, but Japan is proving to be a rougher road
Chinese electric vehicle makers such as BYD are making inroads into South Korea, challenging established domestic brands with competitively priced models and growing dealership networks. BYD has sold more than 20,000 vehicles in the country in the first nine months of the year, overtaking Toyota and Lexus combined. Japan, however, has proved a tougher market due to low EV adoption, consumer preference for hybrids and scepticism towards Chinese brands.
IIM Calcutta summer placements see 475 students secure 546 offers from 156 companies
IIM Calcutta has completed the summer placements for its 63rd MBA batch, attaining incredible success. A remarkable 475 students have secured jobs, with consulting roles leading the way, supported by offers in finance and general management. Furthermore, numerous first-time participating companies expressed their intent to hire. This success is a testament to the institute's esteemed reputation and strong connections in the industry.
Speedy project approvals, assured buyers key to India's 100 MT coal gasification target by 2030
India has set a target to gasify 100 million tonnes of coal by 2030 with significant investments. The coal ministry estimates the investment required will be between Rs 2.5 and 3 lakh crore. A streamlined single-window approval process is essential to facilitate this ambitious project. Coal gasification is expected to reduce India's import dependence on methanol and natural gas.
IIM Lucknow completes summer placements with 600+ offers, average stipend up 3%
IIM Lucknow completed the summer placements for its 2026-28 PGP and PGP-ABM batches with total success. The average monthly stipend for interns increased marginally from last year's figures, while the highest stipend decreased slightly. Over 600 offers were made, showcasing opportunities in various sectors like consulting and e-commerce. Established and first-time recruiters participated, contributing to a diverse placement process for students.
As technology and AI reshape the workplace, which skills will define future leaders?
In today's evolving job landscape, the importance of interpersonal skills and leadership has surged. Research indicates that qualities like self-awareness and the ability to learn quickly are crucial for effective leadership. As artificial intelligence advances, the emphasis is shifting from technical know-how to essential human capabilities. Educational frameworks are transforming to prioritize hands-on experiences and guidance, fostering leaders who can inspire and connect with diverse teams in the future.
Irish company tax ruling offers capital gains relief hope to foreign investors
In a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains tax on an indirect transfer, setting it apart from a recent Supreme Court ruling involving Tiger Global. This ruling has stirred discussions about the effectiveness of tax residency certificates for foreign investors.
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Ichor Biologics seeks $80-100 million PE funding for minority stake sale
Ichor Biologics is seeking eighty to one hundred million dollars from private equity investors. The Hyderabad-based company operates in the specialized plasmatherapy segment. Promoters Ananda Reddy Sudini and Sujana Sudini hold significant stakes in the firm. Ichor manufactures therapeutic protein products derived from human plasma. The company's products serve various critical therapeutic areas.
Taxman's JAARing move opens fresh debate over Mauritius treaty
The recent invocation of JAAR, a GAAR-type tool in the armoury of the taxman, in a certain case has stunned many. Even though technically the tax department has the power to invoke JAAR, the recent move was entirely unforeseen following the CBDT assurance and subsequent change in the law to spare grandfathered shares from GAAR.
BFSI moves beyond AI pilots as firms chase measurable business value: Report
Indian financial institutions are deploying artificial intelligence across many operational areas. These deployments show productivity gains but struggle with financial impact. Companies like Tata Capital and Niyo report significant operational improvements from AI. Fragmented data and integration challenges hinder scaling AI beyond successful pilots.
Mahajan Imaging, Neuberg Diagnostics join hands to scale pathology, genomics in North India
Mahajan Imaging and Neuberg Diagnostics have formed a strategic joint venture. This partnership aims to expand pathology and genomics services across North India. The collaboration will leverage combined infrastructure and expertise for enhanced diagnostic capabilities. Organised diagnostic players anticipate significant revenue growth in the coming years. The venture prioritizes early diagnosis and prevention for improved public health outcomes.
Political stability makes India attractive for global investors: Bryan Marsal, CEO, Alvarez & Marsal
Global investors find India attractive due to its stable politics and policies. This stability contrasts with China's investor confidence issues. Alvarez & Marsal, a consulting firm, has significantly expanded its India operations. The firm sees strong growth in India's consulting sector, driven by transactions and performance improvement. Artificial intelligence is also shaping future consulting demand.
A&M planning to hire senior execs to expand corporate finance practice
Alvarez & Marsal (A&M) is bolstering its corporate finance team in India, appointing Mohit Khullar as managing director. A&M plans to double its corporate finance staff to 40 professionals within two years, focusing on sectors like healthcare and manufacturing. The firm has previously advised on major deals, including Tata Sons' acquisition of Air India and ArcelorMittal's buyout of Essar Steel.
Alvarez & Marsal appoints Himanshu Bajaj as managing director
A company statement said Bajaj’s joining advances A&M India’s strategic capabilities and talent expansion, and helps further opportunities for clients to capitalise on the market’s continued projected growth.
WeWork tapping advisers for restructuring help: report
The New York Stock Exchange (NYSE) suspended trading in WeWork's warrants on Tuesday due to "abnormally low" trading price levels and said will initiate proceedings to delist them.
Go First lenders select EY-backed Ajmera as RP
Ajmera's selection is subject to approval from the National Company Law Tribunal (NCLT). The selection was communicated at a meeting of the committee of creditors of Go First on Friday. If approved by NCLT, Ajmera will replace an interim resolution professional who is currently running the company and was originally recommended by Go First's former management, according to sources aware of the matter.
Swiss government awards $9.7 million contract related to Credit Suisse: UBS merger
Swiss authorities last month engineered a takeover of struggling Credit Suisse by rival UBS that included over 200 billion francs in financial guarantees.
Celsius Network hires advisors to prepare for potential bankruptcy - WSJ
The New Jersey-based cryptocurrency lending company froze withdrawals and transfers earlier this month due to "extreme" market conditions, in the latest sign of the financial market downturn hitting the cryptosphere.
Block insiders in credit committees: Bryan Marsal, CO-CEO, Alvarez & Marsal
ne of our largest cases Essar Steel is just coming out now. There are many people looking at the first guinea pigs coming out of the process.
IL&FS appoints Alvarez & Marsal for restructuring
Addressing the media post the AGM, he said that the board took four important decisions today.
KPMG is now Videocon’s resolution professional
SBI had referred Videocon Industries to bankruptcy court in the first week of January.
Alvarez & Marsal appointed admin for Essar Projects
Essar Projects and Monnet Power, both privately held, together owe more than Rs 6,000 crore.
Organized logistics sector a $50 billion opportunity by 2025, says Alvarez & Marsal
At present unorganized companies dominate the industry, accounting for approximately 80 percent of the total logistics market in India.
Edelweiss Finance to set up new entity to turn around distressed companies of ARC
This is the first time in India that any financial company has introduced this concept of ‘turnaround consultancy’ with a dedicated team.
Alvarez & Marsal starts PE consultancy in India, to offer PEPI services
This comes at a time when private equity fund managers have turned their focus on portfolio companies in which they have a majority stake.
Better bankruptcy laws will attract right kind of investors: Lehman Ex-CEO Bryan Marsal
India should have better bankruptcy laws for the banks to manage the ballooning non-performing asset (NPA) problem, said Bryan Marsal.
Raghuram Rajan's fight against loan defaulters faces first test; SBI-led consortium moves to take control of Sai InfoSystem
A key element of RBI governor Raghuram Rajan’s plan to cleanse Indian banking system of bad loans is likely to be tested shortly as lenders take management control of Sai InfoSystem.
Lehman Brothers expects to pay creditors more cash
Lehman's liquidators expect the courts to allow creditors to seek 322 billion dollars out of their claims for 369 billion dollars.
Lehman Brothers' bankruptcy expenses cross $1 bn
Expenses related to the bankruptcy proceedings of Lehman Brothers Holdings, whose collapse worsened the financial meltdown in 2008, has crossed the $1 billion mark.
Lehman bankruptcy advisers paid $642 mn
Lehman Brothers Holdings, the investment bank liquidating in bankruptcy, paid its lawyers and other advisers $641.9 million in 16 months since September 2008, according to a regulatory filing.
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