[ad_1] Bengaluru: B.S. Nagesh has stepped down as chairman of Shoppers Stop Ltd after more than three decades at the helm. His retirement, announced at the company’s annual general meeting on Thursday, marks the end of an era for the retailer, which is battling a series of senior-level exits and rising competition. The Mumbai-based company’s … Read more
[ad_1] On Thursday, the Bengaluru-based information technology (IT) outsourcer reported $2.59 billion in revenue for the April-June first quarter, down 0.35% from the preceding three months and 1.47% lower from the corresponding year-ago period. Much of the company’s revenue was dragged by banks and financial institutions, which are its biggest earners. Wipro’s first-quarter revenue, however, … Read more
[ad_1] When Netflix reports its second quarter on Thursday afternoon, the Ginny & Georgia streamer will look to keep up a hot streak that began at the end of 2023. Wall Street analysts are expecting earnings per share of $7.08, up from $4.88 last year, and revenue of $11.1 billion, up 16%. After its sales … Read more
[ad_1] Avendus Wealth – Hurun India have released their U30 List for 2025, which recognises 79 young leaders in India, aged 30 and below, “who are redefining the future of Indian enterprise”, according to the report. The list curates two catgories of leaders — visonary first-generation founders valued at $25 million or more, and dynamic … Read more
[ad_1] Telecom giant Bharti Airtel has partnered with Perplexity, to provide all its 36 crore subscribers 12-months of with free access to the artificial intelligence (AI) start-up’s ₹17,000 worth Perplexity Pro tool, according to an official release on July 17. This includes Airtel customers across mobile, wifi and DTH services, subject to terms and conditions … Read more
[ad_1] Shareholders of tech and social media giant Meta, have sued for more than $8 billion in in fines and legal reimbursements, in relation to an alleged privacy scandal at Mark Zuckerberg’s Facebook, as per reports. The action is based on relevations that data of millions of Facebook users was accessed by now defunct political … Read more
[ad_1] Analysts expect a 52% surge in second-quarter profit TSMC benefiting from surge towards AI Earnings call at 0600 GMT TAIPEI, – TSMC, the world’s main producer of advanced AI chips, is expected to post a 52% jump in second-quarter profit to record levels on Thursday, though U.S. tariffs and a strong Taiwan dollar could … Read more
[ad_1] (Bloomberg) — The sale of a piece of a Cerba Healthcare SACA bank loan signals lenders are seeking to trim their exposure to the French laboratories business before the start of debt talks. A €30 million ($35 million) portion of Cerba’s revolving credit facility was sold at just below 70 cents on the euro … Read more
[ad_1] Fashion retailer Arvind Fashions Ltd (AFL) on Wednesday named Amisha Jain as the new managing director and chief executive officer of the company with effect from 13 August, as part of the succession planning of the organisation. Jain joins the homegrown retailer from Levi’s. She will replace Shailesh Chaturvedi, the current MD and CEO, who will … Read more
[ad_1] (Bloomberg) — Schneider Electric SE is considering buying out the remaining stake in its India venture from minority partner Temasek Holdings Pte, according to people familiar with the matter. Schneider is in talks to buy the 35% stake held by the Singapore state investment company in Schneider Electric India Pvt for about $1 billion, … Read more
