VinFast divests mfg unit in $530M restructuring deal

VinFast has announced a major restructuring exercise involving its manufacturing business in Vietnam in a deal valued at around USD 530 million (approximately VND 13.3 trillion). The move is aimed at improving capital efficiency, reducing debt burden and helping the EV maker move faster towards profitability.As part of the restructuring, VinFast will separate its manufacturing…

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More Congress MLAs to go saffron in Assam? ‘No vacancy now, but there’s a schedule,’ says CM Sarma | India News

Assam CM Himanta Biswa Sarma (File photo) NEW DELHI: Assam chief minister Himanta Biswa Sarma on Monday claimed there is a “schedule” for several senior Congress leaders to join the BJP in the poll-bound state, a day after former Assam Congress chief Bhupen Borah switched to the ruling party.Sarma, himself a former Congressman, added that…

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Booing & Billions

Pichai’s Stanford sangfroid reminds everybody that free speech also pays business dividends  In his commencement address to Stanford’s Class of 2026, Sundar Pichai remarked, “What I see in front of me is how graduations should be.” Whatever he may have meant, the line’s acquired a life of its own after 100s (out of 1000s) of…

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‘Why drop Shubman Gill?’: Yograj Singh lambasts Ajit Agarkar-led selection panel | Cricket News

Shubman Gill (Photo by Chris Hyde/Getty Images) Shubman Gill’s exclusion from India’s T20 World Cup squad continues to spark debate across cricketing circles. The decision surprised many, particularly given Gill’s recent role as vice-captain in India’s T20I series against South Africa. While some may justify the move on the grounds of team balance and strategy,…

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