Hires | Common News Update

Dec122018 by adminNo Comments

Indian tycoon hires Beyonce to sing at daughter's party

Indian weddings are renowned for their extravagance and grandeur - but one billionaire has pushed the boat out even further for his daughter's pre-wedding party, hiring Beyonce to sing at it. The 37-year-old Single Ladies singer performed at the elaborate bash in Udaipur, Rajasthan, after being hired by India's richest mogul Mukesh Ambani, whose daughter, Isha, 27, is getting married on Wednesday.She is marrying Anand Piramal, a childhood friend and son of another billionaire tycoon, Ajay Piramal, reportedly at her billion-dollar home in Mumbai - one of the most expensive on the planet. Image: Mukesh Ambani is thought to be worth up to £37.5bn At the pre-wedding celebration, which was attended by the likes of Hillary Clin...

Oct192018 by adminNo Comments

Facebook hires former deputy PM Sir Nick Clegg

Technology

Facebook has hired former deputy prime minister Sir Nick Clegg as head of its global affairs and communications team.The 51-year-old politician was leader of the Liberal Democrats and formed a coalition government with David Cameron and the Conservatives in 2010.Facebook has faced intense scrutiny and the threat of government regulation following the Cambridge Analytica data scandal and alleged election meddling.Several prominent executives have left the company in the last year.Amol Rajan: Why Sir Nick Clegg is joining FacebookSir Nick's new job title will be vice-president of global affairs and communications at Facebook.He will start work on Monday and will spend a week at the company's Menlo Park headquarters, before moving to California with his fami...

Oct112018 by adminNo Comments

Apple hires engineers from UK company Dialog

Technology

Apple is adding 300 computer chip engineers to its team after striking a deal to hire them from one of its British suppliers.It is paying Dialog Semiconductor $ 300m (£227m) for the acquisition, which also includes some of the Reading-based company's patents and facilities.Apple has long used Dialog's products to monitor and control power consumption in its iPhones and iPads.The deal represents one of Apple's biggest takeovers in headcount terms. "Dialog has deep expertise in chip development and we are thrilled to have this talented group of engineers who have long supported our products now working directly for Apple," said the handset-maker's hardware technologies chief Johny Srouji.Staff involved are based in: Swindon L...

Jul202018 by adminNo Comments

NEC-owner hires bankers for £800m sell-off

Business

The group behind some of Britain's biggest exhibitions and events venues has hired bankers to oversee an £800m auction that will generate unprecedented windfalls for its private equity backers. Sky News has learnt that NEC Group, which was sold by Birmingham City Council for just over £300m less than four years ago, has hired Bank of America Merrill Lynch (BAML) to launch a sale process within weeks.The NEC, which is majority-owned by LDC, the private equity division of Lloyds Banking Group, counts Birmingham's National Exhibition Centre, the International Convention Centre and the Genting Arena among its assets.Sources said that BAML had been appointed to handle the sale partly because of its ability to provide an immediate debt package to the NEC's acquirer.The...

Apr82018 by adminNo Comments

PNB hires lawyers to represent itself in bankruptcy proceedings of Nirav Modi firm in US

Finance

NEW DELHI: State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond, a group company of billionaire diamantaire Nirav Modi who is accused of defrauding the lender of over Rs 13,000 crore.Firestar Diamond approached a bankruptcy court in New York court in February."We have just engaged lawyers to represent our bank in the US bankruptcy petition as part of recovery process. If money has gone from our system and parked in that company, our bank's views should be heard before deciding about insolvency petition," PNB Managing Director Sunil Mehta said.Without disclosing the name of the lawyers, he said the bank is legally engaged in the matter of insolvency proceedings of Firestar Diamond and the concerned author...