Thursday , 15 January 2026

Recent Posts

Blackstone to vie with Warburg, Chinese Group for GLP

  Bloomberg Blackstone Group LP is considering an offer for Global Logistic Properties Ltd. (GLP), potentially pitting it against Warburg Pincus and a separate Chinese group in the bidding for the $8.6 billion warehouse operator, people with knowledge of the matter said. Warburg Pincus is forming a consortium to bid for the Singapore-based company and has been speaking with banks …

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Edelweiss to seek to wind up Bharati Defence under new law

  Bloomberg Edelweiss Asset Reconstruction Co., India’s largest bad loan buyer, plans to request a winding up of Bharati Defence & Infrastructure Ltd. under the country’s new bankruptcy law, according to people with knowledge of the matter. The company aims to file a petition in about a month against the Mumbai-based shipbuilder, whose shares have fallen more than 50 percent …

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VW officials destroyed e-mails, files as diesel scheme unravelled

  Bloomberg Volkswagen AG’s nearly decade-old plot to cheat US emissions tests — all while marketing its diesel cars as environmentally friendly — was quickly unraveling by 2015. A campaign to mislead regulators was failing so badly that top executives signed off on a script for employees to use when questioned. It didn’t work. The next day, August 19, 2015, …

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