Jimmy Lai Sells Embattled Taiwan News Media
Next Media Ltd., the sensationalist Hong Kong publisher controlled by Jimmy Lai, plans to sell its Taiwan news businesses for NT$17.5 billion ($600 million) after a failure to win licenses triggered losses. Shares surged.
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Hinduja Looks to Buy Distressed Assets in India
09:18 - The Hinduja group of companies is one of Asia's largest multinational conglomerates with interests in the automobile sector, power, finance, healthcare, and much more. It's co-chaired by London-based siblings who are among Britain's wealthiest Asians. The company is betting on what they believe is a newly resurgent India and are looking to buy up distressed assets, specifically in the infrastructure and power sectors. Hinduja group chairman, Gopichand Hinduja told Bloomberg's Reenita Malhotra Hora the Indian banks have not necessarily made the process easy. (Source: Bloomberg)