corporate watch

Published October 18, 2016

Sindh Engro, Descon sign agreement

KARACHI: Sindh Engro Coal Mining Company, under its ‘Khushaal Thar’ campaign, has signed agreement with Descon Training Institute to provide hands-on training to the residents of Tharparkar.

Under the programme, local communities shall be educated in certified civil trades relevant to mining and power project activities in Thar Coal Block-II.

The four-month on-site programme in trades such as masonry, shuttering, steel fixing, pipe fitting, and paint jobs is starting this month and selected trainees will also be entitled to stipends.

uberAuto launched in Lahore

LAHORE: Uber on Monday launched uberAUTO in the provincial capital as a low-cost product to its offerings as part of its expansion across the country.

Each Uber rider will get five free uberAUTO rides up to Rs80 from Oct 17 to 23. Users can pay for their trip via cash, or Debit/Credit card.—Staff Reporter

PepsiCo sets target for sugar reduction

LONDON: PepsiCo Inc has set a target for reducing the amount of sugar in its soft drinks around the world as part of a suite of goals aimed at tackling problems ranging from obesity to climate change.

The New York-based company aims that by 2025 at least two thirds of its drinks will have 100 calories or fewer from added sugar per 12 oz serving, up from about 40pc now.—Reuters

Trump TV network talks

NEW YORK: Donald Trump’s son-in-law, Jared Kushner, informally approached LionTree Advisors Chief Executive Aryeh Bourkoff about setting up a Trump TV network after the presidential election, the Financial Times reported on Monday, citing sources.

Kushner contacted Bourkoff, one of the media industry’s top dealmakers, within the last couple of months, the FT reported.—Reuters

Disney CEO working on leadership book

NEW YORK: Robert Iger, chairman and CEO of the Walt Disney Co., is working on a book about “leadership and management.” Random House announced on Monday that Iger will reflect on the “ideas, values and growth strategies” that have underlined his 11 years running the entertainment giant. Mr Iger, 65, said in a statement that he looks forward to sharing his thoughts on managing a “global brand in such a dynamic marketplace.”

Published in Dawn October 18th, 2016

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