Public Listing Plans Of Virgin Atlantic Postponed Until Early 2022, Say Reports

The current market situation has reportedly forced the public listing of Virgin Atlantic, the United Kingdom based airline founded by billionaire Richard Branson, to be delayed by the company till early next year as the company now focuses on the reopening of the transatlantic market, said reports quoting sources with knowledge of the matter. The…

Vehicle Lineup To Be Expanded By GM’s Commercial EV Unit

General Motors’ BrightDrop electric commercial vehicle company would add a second delivery van to its portfolio in 2023, the company said on Tuesday, and added that it has committed to offer that vehicle to Verizon Communications Inc. The medium-sized EV410, intended for a sector that includes groceries, telecoms, and other service providers that require smaller…

United Breweries And Carlsberg Fined By India Antitrust Body For Price Fixing

In a case involving cartelisation of beer pricing in India, the country’s antitrust watchdog levied a penalty of $102 million on Heineken-controlled beer giant United Breweries and $16 million on the local subsidiary of Denmark’s Carlsberg on Friday. The ruling follows a lengthy inquiry that began in 2018, with the Competition Commission of India (CCI) searching…