Nissan launches global business plan ‘The Arc’ Isna, July 9, 2024 Nissan Motor Co., Ltd. today launched The Arc business plan to drive value and strengthen competitiveness. The plan bridges the Nissan NEXT business transformation plan (2020-2023) and Nissan Ambition 2030. Split into mid-term actions for 2024 to 2026 and mid-long-term actions through 2030, the plan aims to strengthen product portfolio, advance electrification, introduce new ways of developing and manufacturing, and focus on strategic partnerships. Makoto Uchida, Nissan President and CEO, said: “The Arc plan shows our path to the future. It illustrates our continuous progression and ability to navigate changing market conditions. “This plan will enable us to go further … Continue Reading
Public sector banks told to spell out 3-year business plans by March-end Isna, July 1, 2024 The government has directed state-owned banks to submit their business plans until 2026-27 by the end of this month, said, adding that these plans will be assessed on a quarterly basis by the government-nominated directors on the boards of the banks .The business plans will cover strategies to increase low-cost deposits, raise capital, resolve bad loans, improve cybersecurity and undertake financial inclusion outreach, said a senior government official. “In addition to the quarterly review by the government nominee, there will be mid-year and annual reviews by the finance ministry to assess the performance of the lenders and ensure corrective … Continue Reading
TIM shares rise 2.2% on integrated business plan – TopNews Isna, June 26, 2024 TIM shares rose by 2.2% to 0.227 euro per share in early trading on the Milan stock market on Monday after the Italian telecom giant confirmed its 2024-2026 guidance and integrated last Thursday’s market communication with data on expected cash flow. Following an extraordinary board meeting on Sunday TIM said it expected “its pro-forma net debt, after the Netco transaction, to be around 7.5 billion euros at the end of 2024” and “net cash flow to be around zero in 2025 and around 500 million euros in 2026, normalized to 800 million”. The company also said “any upside to the … Continue Reading