Hospital chain Park Medi World's (NSE:PARKHOSPS, BOM:544645) chief human resources officer Manoj Khanna is stepping down from his position with effect from Tuesday, according to a same-day filing to the Indian stock exchanges.
He will be transitioning to a different role within Park Group of Hospitals as a regional head.
The company's shares were down nearly 4% in recent trade.
The European Commission has approved the formation of a joint venture between Hon Hai Precision Industry, commonly known as Foxconn (TPE:2317), and Japan's Mitsubishi Fuso Truck and Bus, which is controlled by Daimler Truck, to develop and manufacture commercial buses.The venture will focus on the production and supply of heavy and light buses, according to a regulatory update on Monday.The regulator said the deal does not raise competition concerns due to its limited impact within the European Economic Area. The review was conducted under a simplified merger procedure.
Hitachi (TYO:6501) is considering selling about 8% of its stake in Hitachi Construction Machinery (TYO:6305) through block trades worth about 100 billion yen, Bloomberg News reported Tuesday, citing people familiar with the matter.The deal could be disclosed as early as today and would reduce Hitachi's stake in the machinery maker to about 10%, according to the report.Hitachi has been streamlining operations and shifting focus toward core areas such as information technology and energy. Last month, the company agreed to sell its home appliances business to Nojima (TYO:7419) as part of broader restructuring efforts, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The Asian Development Bank's (ADB) previous "early stabilization" scenario is no longer valid amid continued war in the Middle East, The Star reported Tuesday, citing ADB chief economist Albert Park's address to reporters.This prompts a revision of the earlier outlook, he reportedly said, as the conflict has stretched beyond initial expectations. Under updated projections, regional growth is now seen slowing to 4.7% in 2026 and 4.8% in 2027, while inflation forecasts have also been revised higher to 5.2% this year.Park warned that energy markets remain under pressure, with gas prices up around 30% and diesel rising even more sharply, while fertilizer costs have surged, raising risks for food and industrial supply chains. He also cautioned that prolonged disruption could keep oil prices elevated, with scenarios showing averages near $96 per barrel in 2026 and even higher in worst-case conditions, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)