The group began to outperform the broader market only with the onset of the pandemic in March 2020 while earlier it was largely keeping pace with the Sensex. The group’s market cap is up 164.4 per cent since the end…
Read MorePrimark to cut 400 managers to offset rising costs
Move to simplify management structure comes despite significant bounce in sales Last modified on Thu 20 Jan 2022 04.48 EST Primark is to axe 400 jobs across its UK business as the fast fashion retailer cuts back its store management…
Read MoreCovid and the real estate crisis weigh on China's economy
Hong Kong (CNN Business)China keeps slashing lending rates as authorities ramp up their efforts to stave off a sharp economic slowdown. The People’s Bank of China on Thursday cut its one-year loan prime rate by 10 basis points to 3.7%,…
Read MoreWhy the world's largest ice cream company is betting on home delivery
Shares in Unilever (UL) inched roughly 2% higher on Thursday after the consumer goods giant said it would not raise its rejected £50 billion ($68 billion) offer for GlaxoSmithKline’s (GSK) consumer health care business. Shares in GSK fell by similar…
Read More'This is nonsense': Stelter blasts Fox and Glenn Beck for false Covid story
New York (CNN Business)Starbucks is no longer requiring employees to get vaccinated or submit to weekly testing, following the US Supreme Court’s rejection last week of President Joe Biden’s vaccine and testing requirement for large businesses. In a letter published…
Read MorePeloton Insiders Sold $500 Mln In Stock Ahead Of The Big Plunge: Reports
Fitness equipment manufacturer Peloton Interactive Inc. (PTON) is again making headlines as SmartInsider reported that the company insiders have sold around $500 million worth of stock. The company has recently come under massive fire after it hired a management agency,…
Read MoreSamba TV Installs Roku Vet Dallas Lawrence As Head Of Communications And Brand
Dallas Lawrence, a veteran of tech and politics who most recently had a senior-level stint at Roku, has joined Samba TV as SVP and head of communications and brand. Samba is an advertising and analytics firm known for its insights…
Read MoreGovt gets Rs 6,651 cr interim dividend from 12 PSUs
The Centre has received Rs 6,651 crore as interim dividend from 12 public sector undertakings (PSUs) on Monday, edging towards its Rs 50,028 crore dividend target for the ongoing fiscal. Power Grid Corporation of India (PGCIL) has transferred Rs 2,506…
Read MoreBoris Johnson’s faster broadband promise is being broken, say MPs
UK ‘little nearer to closing great digital divide’ between cities and rural areas, says committee Boris Johnson’s promise to “level up” the nation by providing next-generation-speed broadband to most homes by 2025 is under threat as rural dwellers are left…
Read MoreBiden Calls On Senate To Bypass Filibuster Rule To Pass Voting Rights Bills
President Joe Biden called on the Senate to change its filibuster rules to pass voting rights bills. “Today, I’m making it clear, in order to protect our democracy, I support changing the Senate rules whichever way they need to be…
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