
Bain, KKR Said to Be Among Second-Round Bidders for Sapporo Unit
Bain Capital, KKR & Co. and Lone Star are among investment firms that have advanced to the second round of bidding for the real estate unit of Sapporo Holdings Ltd., according to people familiar with the matter.
Bidding will end in August and the sale price is expected to exceed ¥400 billion ($2.8 billion), said the people, who asked not to be identified discussing non-public information. The aim is to reach an agreement by the end of this year, they said.

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Forbes
23 minutes ago
- Forbes
India's Largest Companies 2025: Big Banks Highlight India's Presence On The Global 2000
India's most profitable private sector bank, HDFC Bank, moved up to No. 53 on this year's Global 2000. India is among the top five countries to be represented on the 2025 Forbes Global 2000 list, ranking the world's largest publicly traded companies. With 70 companies this year it is No. 4 behind the U.S. (612), China/Hong Kong (317) and Japan (180). Indian companies span a range of sectors from banking to telecom to consumer goods and this year their combined profit rose to $126 billion from $120 billion last year. Combined assets grew to $5.5 trillion from $5.08 trillion the previous year and the aggregate market value rose marginally to $2.3 trillion from $2.15 trillion last year. Mumbai-based conglomerate, Reliance Industries, with interests in everything from petrochemicals, oil and gas to retail and telecom, retained the top spot in the country, and moved up four ranks from No.49 to No.45 on the global list. Reliance reported sales of $114 billion, up from $109 billion last year, and was largely insulated from global headwinds with its revenue driven mostly by domestic demand. More than a third of the companies are drawn from the financial services sector spanning banks, insurance companies and consumer lenders. India's most profitable private sector bank, HDFC Bank, moved up 12 spots to No. 53 on the global list. It took over the No. 2 position in India from state-run behemoth State Bank of India which stayed put at No. 55 globally but slipped to the third position in the country. Private lenders ICICI Bank and Axis Bank also feature among the top ten in the country, buoyed by a robust banking sector, which was bolstered by the Reserve Bank of India's interest rate cuts, high net interest margins and robust asset quality. (The NIFTY Bank index grew 14% over the past year.) Seven Indian companies debuted on the Global 2000 this year. Notable among them is Gurgaon-based Eternal, parent of food delivery service Zomato and 10-minute grocery delivery service Blinkit. Among the large Indian conglomerates, the most entries were from the $164 billion (revenue) Tata group conglomerate. Half a dozen Tata companies made the cut, including regulars such as auto behemoth Tata Motors and IT giant Tata Consultancy Services as well as one new entrant to the list, Mumbai-based retailer Trent. Selling everything from apparel to footwear to grocery, the company saw sales jump to $2 billion from $1.5 billion in the past year as profits rose to $231 million from $181 million. The company that climbed up the most in the ranks was Cholamandalam, the financial services arm of the Chennai-based conglomerate the Murugappa Group. Cholamandalam, which has revenues of $3.1 billion, rose 410 ranks to No. 1539, up from No. 1949 last year. Eight companies fell off the list including Varun Beverages, which is one of PepsiCo's biggest bottlers outside the U.S. The Gurgaon-based company is fending off rising competition in the domestic market, specifically from the revival of homegrown beverage brand Campa Cola now owned by Reliance Industries. Steel makers Steel Authority of India and Jindal Steel and Power, part of the O.P Jindal group chaired by India's richest woman, Savitri Jindal, also dropped out, hammered by cheap Chinese imports and lower capacity utilization. But JSW Steel, run by Jindal's son Sajjan Jindal, managed to retain its place in the ranks but fell by 254 places to No. 899–down from No. 645 last year. Forbes

Associated Press
44 minutes ago
- Associated Press
Native Teams Launches 'Gig Pay,' Automating Global Gig-Economy Compliance and Payments
LONDON, June 12, 2025 (GLOBE NEWSWIRE) -- Native Teams, the global platform for work payments, unveils Gig Pay, the end-to-end automated payroll and wallet solution engineered to turn compliance deadlines into growth drivers. As global gig economy payouts approach €1 trillion and Europe alone topped €556.7 billion in 2024, set to triple by 2033, platforms face a tidal wave of new regulations all across the world. It enables gig workers to access traditional banking services, credit, and financial products — areas where freelancers and gig workers have historically been underserved. This is a development for financial institutions, regulators, and the millions of workers whose livelihoods depend on the gig economy. 'Manual pay runs and ad-hoc spreadsheets are extinct in the face of today's regulatory maze,' said Jack Thorogood, CEO of Native Teams. 'Whether you're adapting to the EU's Platform Work Directive or contractor laws in California or Brazil, Gig Pay provides a single place to onboard at scale, deploy locally compliant contracts, run multi-jurisdiction payroll, andpaygig workers instantly to their wallets.' Regulation meets automation In December 2024, the EU's Platform Work Directive introduced a presumption of employment, algorithmic transparency requirements and quarterly workforce reporting, leaving platforms scrambling to avoid fines of up to €1 million per breach. In the U.S., the Labour Department's January 2025 rule narrowed 'independent contractor' definitions, increasing back-pay risk for non-compliant operators. Latin American jurisdictions from Brazil to Mexico have enacted new telework and social security mandates, while Asia-Pacific markets roll out digital nomad visas and subsidies for gig workers. Simplified experience for aggregators & workers Gig Pay lets aggregators bulk-import driver or contractor data via CSV, deploy smart, locally compliant contracts with e-signatures, and process earnings from multiple gig platforms into one streamlined payroll run. Customisable fee structures and batch transfers eliminate manual errors, while real-time dashboards deliver actionable insights. For gig workers, the mobile-first app consolidates earnings from Uber, Bolt, Glovo, Wolt and others, offers instant partial withdrawals to virtual or physical Native Teams cards, and generates invoices automatically. Built-in KYC, sick leave requests and an in-app help centre ensure a frictionless user journey, leading to stronger worker retention. After 13 months of development and piloting in different regions Gig Pay is now available in over 30 countries across Europe, North America, Latin America, and Asia-Pacific. To schedule a demo call or learn more, visit Pilot case study Early adopters are already reaping the benefits. Hypefy, an AI-powered influencer-marketing platform, transitioned from manual PayPal and wire transfers to Gig Pay. The results speak for themselves: ' Native Teams enabled us to scale globally - something we couldn't have achieved without them. Worker satisfaction significantly improved due to transparency and instant payments. Compliance risks were minimised across all regions,' said Filip Spiranec, Hypefy's co-founder, underscoring how automation can defuse compliance risks while accelerating growth. About Native Teams Native Teams is a global platform for work payments and employment designed to support both businesses and their teams. Beyond Employer of Record services, it offers flexible, fully compliant hiring, payroll, and multi-currency payment solutions, including simplified payments for gig economy workers. By simplifying global employment and maximising value per dollar spent, Native Teams enables businesses to scale efficiently while empowering international teams with financial stability. With operations in 85+ countries and support for over 1,500 companies worldwide, Native Teams makes global employment simple, compliant, and people-centric. The platform provides international employees with secure payments, local benefits, and financial flexibility so they can focus on doing their best work. Media Contacts: Ira Tatevosyan PR & Communications, Native Teams [email protected] [email protected] Disclaimer:This content is provided byNative Teams. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or business advice. All investments carry inherent risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any inaccuracies, misrepresentations, or financial losses resulting from the use or reliance on the information in this press release. Speculate only with funds you can afford to lose. In the event of any legal claims or concerns regarding this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without warranties or representations of any kind, express or implied. We assume no responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained herein. Any complaints, copyright issues, or inquiries regarding this article should be directed to the content provider listed above. A photo accompanying this announcement is available at
Yahoo
an hour ago
- Yahoo
Native Teams Launches 'Gig Pay,' Automating Global Gig-Economy Compliance and Payments
LONDON, June 12, 2025 (GLOBE NEWSWIRE) -- Native Teams, the global platform for work payments, unveils Gig Pay, the end-to-end automated payroll and wallet solution engineered to turn compliance deadlines into growth drivers. As global gig economy payouts approach €1 trillion and Europe alone topped €556.7 billion in 2024, set to triple by 2033, platforms face a tidal wave of new regulations all across the world. It enables gig workers to access traditional banking services, credit, and financial products — areas where freelancers and gig workers have historically been underserved. This is a development for financial institutions, regulators, and the millions of workers whose livelihoods depend on the gig economy. 'Manual pay runs and ad-hoc spreadsheets are extinct in the face of today's regulatory maze,' said Jack Thorogood, CEO of Native Teams. 'Whether you're adapting to the EU's Platform Work Directive or contractor laws in California or Brazil, Gig Pay provides a single place to onboard at scale, deploy locally compliant contracts, run multi-jurisdiction payroll, and pay gig workers instantly to their wallets.' Regulation meets automation In December 2024, the EU's Platform Work Directive introduced a presumption of employment, algorithmic transparency requirements and quarterly workforce reporting, leaving platforms scrambling to avoid fines of up to €1 million per breach. In the U.S., the Labour Department's January 2025 rule narrowed 'independent contractor' definitions, increasing back-pay risk for non-compliant operators. Latin American jurisdictions from Brazil to Mexico have enacted new telework and social security mandates, while Asia-Pacific markets roll out digital nomad visas and subsidies for gig workers. Simplified experience for aggregators & workers Gig Pay lets aggregators bulk-import driver or contractor data via CSV, deploy smart, locally compliant contracts with e-signatures, and process earnings from multiple gig platforms into one streamlined payroll run. Customisable fee structures and batch transfers eliminate manual errors, while real-time dashboards deliver actionable insights. For gig workers, the mobile-first app consolidates earnings from Uber, Bolt, Glovo, Wolt and others, offers instant partial withdrawals to virtual or physical Native Teams cards, and generates invoices automatically. Built-in KYC, sick leave requests and an in-app help centre ensure a frictionless user journey, leading to stronger worker retention. After 13 months of development and piloting in different regions Gig Pay is now available in over 30 countries across Europe, North America, Latin America, and Asia-Pacific. To schedule a demo call or learn more, visit Pilot case study Early adopters are already reaping the benefits. Hypefy, an AI-powered influencer-marketing platform, transitioned from manual PayPal and wire transfers to Gig Pay. The results speak for themselves: Reduced administrative time by 300%, allowing rapid global scaling without expanding the finance or legal team. Expanded operations from 1 to 28 countries across Europe and the U.S., with just one person managing all contractor payments. Improved worker satisfaction and retention through transparent, instant payments. 'Native Teams enabled us to scale globally - something we couldn't have achieved without them. Worker satisfaction significantly improved due to transparency and instant payments. Compliance risks were minimised across all regions,' said Filip Spiranec, Hypefy's co-founder, underscoring how automation can defuse compliance risks while accelerating growth. About Native Teams Native Teams is a global platform for work payments and employment designed to support both businesses and their teams. Beyond Employer of Record services, it offers flexible, fully compliant hiring, payroll, and multi-currency payment solutions, including simplified payments for gig economy workers. By simplifying global employment and maximising value per dollar spent, Native Teams enables businesses to scale efficiently while empowering international teams with financial stability. With operations in 85+ countries and support for over 1,500 companies worldwide, Native Teams makes global employment simple, compliant, and people-centric. The platform provides international employees with secure payments, local benefits, and financial flexibility so they can focus on doing their best work. Media Contacts: Ira TatevosyanPR & Communications, Native Teamspr@ This content is provided by Native Teams. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or business advice. All investments carry inherent risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any inaccuracies, misrepresentations, or financial losses resulting from the use or reliance on the information in this press release. Speculate only with funds you can afford to lose. In the event of any legal claims or concerns regarding this article, we accept no liability or responsibility. Legal Disclaimer: This media platform provides the content of this article on an "as-is" basis, without warranties or representations of any kind, express or implied. We assume no responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained herein. Any complaints, copyright issues, or inquiries regarding this article should be directed to the content provider listed above. A photo accompanying this announcement is available at