PepsiCo franchisee joins hands with Sidel

KARACHI: Pakistan Beverage Limited has purchased Standalone SBO8 Universal2Eco Blower for Carbonated Soft Drinks from Sidel, a leading global provider of PET solutions for liquid packaging, to increase its production and meet the market demand said a press release.

This is the second blower that PBL has purchased from Sidel in less than a year.

Unilever launches talent hunt

KARACHI: Unilever Pakistan has launched “Talent Hunt 2015” as a means to attract top talent from universities across Pakistan, said a press release. The programme has reached out to 5,500 students; the selected participants would represent Pakistan internationally.

StanChart service for salaried individuals

KARACHI: Standard Chartered Pakistan has launched Employee Banking campaign, a part of retail banking, for salaried individuals. The service using Straight2Bank platform would offer efficient salary disbursal and various benefits, said a press release.

Citi to exit Brazil card venture

SAO PAULO: Citigroup Inc has put its stake in a Brazilian credit card processing joint venture with Elavon Inc up for sale, two sources with direct knowledge of the plan said, after a disagreement over additional funds for the loss-making unit.

Relations between Elavon and Citigroup, partners for five years, have soured after Brazil’s central bank said the joint venture needed more cash and the US bank declined to come up any additional funds, said the sources, who declined to be named because the talks were confidential.—Reuters

Alibaba boss in bid for Hong Kong newspaper

HONG KONG: The founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post newspaper, Bloomberg News reported Monday.

Discussions are at an advanced stage, it quoted two unidentified people familiar with the matter as saying.

A signing ceremony will be announced soon, one of them said.

If the deal goes ahead, Alibaba founder Jack Ma would become the latest Internet tycoon to step in to take over a traditional newspaper.

Published in Dawn, November 24th, 2015