Profitloss Centerstage Events

Millions of people in southeast India facing water shortages took center stage on Tuesday, 18 June 2019among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 3

Millions of people in southeast India face water shortages due...

Millions of people in southeast India face water shortages due to drought and depleted groundwater. The severe water scarcity in Tamil Nadu state has led to reliance on water tank trucks, as taps run dry in homes and hotels. The situation underscores the impact of climate change and highlights the need for sustainable water management strategies to mitigate the effects of drought and ensure access to clean water for all.

Monday, 17 June, 2019

The United Nations predicts that over five million Venezuelans, more...

The United Nations predicts that over five million Venezuelans, more than 15% of the country's population, will have left the country by the end of 2019. The ongoing crisis in Venezuela has led to a significant exodus, with one million people leaving since November 2018. The situation poses immense challenges for both Venezuela and the receiving countries, highlighting the urgent need for international cooperation and support to address the humanitarian crisis.

Tuesday, 18 June, 2019

Delta Air Lines acquires a 4.3% stake in Hanjin Kal,...

Delta Air Lines acquires a 4.3% stake in Hanjin Kal, the parent company of Korean Air, providing support against pressure from an activist shareholder. The strategic investment strengthens the partnership between the two airlines and may help Hanjin Kal navigate its corporate governance issues. The move reflects the competitive dynamics within the airline industry and highlights the importance of alliances and strategic alliances in maintaining market position.

Wednesday, 19 June, 2019

UnitedHealth Group agrees to acquire Equian LLC, a health-care payments...

UnitedHealth Group agrees to acquire Equian LLC, a health-care payments firm, for approximately $3.2 billion. The acquisition will likely integrate Equian into UnitedHealth's Optum health-services arm, expanding its capabilities in payment processing for health-care companies and insurers. This move aligns with UnitedHealth's strategy to diversify its offerings and leverage Optum's expertise in the evolving health-care landscape. The deal underscores the ongoing trend of mergers and acquisitions within the health-care sector.

Thursday, 20 June, 2019

China Evergrande Group increases its stake in Shengjing Bank, a...

China Evergrande Group increases its stake in Shengjing Bank, a small Chinese lender, to 36% through a capital infusion of 13.2 billion yuan ($1.9 billion). The investment appears to be a bailout by Evergrande as Shengjing Bank requires capital to meet regulatory requirements. Evergrande's stake in the bank has been puzzling given the lack of obvious synergies and poor returns. The move highlights the challenges faced by financial institutions and the need for stability in the banking sector.

Friday, 21 June, 2019

Oyo Hotels and Homes, an Indian lodging empire, emerges as...

Oyo Hotels and Homes, an Indian lodging empire, emerges as one of the world's largest hotel chains, leveraging its franchise model and technology-driven optimization. By upgrading unbranded hotels to meet basic standards and offering rooms at affordable prices, Oyo has gained popularity among India's middle-class travelers. Backed by major venture capital firms, Oyo's success exemplifies India's ability to create innovative business models for global expansion, contributing to the evolution of the hospitality industry.

Saturday, 22 June, 2019

NASA's Curiosity rover detects the largest-ever measurement of methane on...

NASA's Curiosity rover detects the largest-ever measurement of methane on Mars, indicating the presence of this gas on the planet. The discovery raises questions about its source and potential implications for the possibility of past or present microbial life on Mars.

Sunday, 23 June, 2019