Una Galani is Associate Editor of Reuters Breakingviews, based in Mumbai. She covers a cross-section of business, finance, and politics in South Asia. Una was in Hong Kong from 2013 and previously spent three years in Dubai writing about Middle Eastern economies during the Arab Spring. She joined Breakingviews in 2006 in London. In 2016, she won Asia Pacific Best Editorial Comment at the State Street Press Awards and Reuters global analysis/commentary of the year. She read English Literature at St Catherine’s College, Oxford. Follow @ugalani
The Indian carmaker added $4 bln in market cap after buyout firm TPG and others backed its battery-powered passenger-vehicle unit at a $9 bln valuation. Extra funding is welcome in the capital-intensive business. It should help Jaguar’s owner race ahead in a fast-growing market.
U.S. investor Invesco revealed it tried to facilitate a sale of Zee Entertainment to Reliance. That undercuts its complaints about the broadcaster’s boss striking a similar deal with Sony. Invesco emerges as an amateur activist but at least ordinary shareholders will benefit.
Top owner Invesco has finally spelt out its concerns and plans for broadcaster Zee after going to court to force a shareholder meeting and oust boss Punit Goenka. In a market where big backers rarely agitate, a fund manager is helpfully rewriting the governance script.