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Nykaa CEO Falguni to lead marketing operation  after 6 executives quit-thumnail

Nykaa CEO Falguni to lead marketing operation after 6 executives quit

Nykaa, a major Indian cosmetics-to-fashion retailer, has seen several key executives, including the Chief Marketing Officer, resign amidst heightened competition in the rapidly growing sector. Nykaa’s founder takes direct oversight,

Business

Aug 3, 2023

PayPal’s low margin outweighs the positive spending expectation-thumnail

PayPal’s low margin outweighs the positive spending expectation

In previous quarters, analysts have expressed concern about PayPal’s underwhelming margins. The company’s low-margin business goods have risen rapidly, but branded product growth has stalled owing to rising competition from

Business

Aug 3, 2023

Private equity firm KKR buys majority stake in Leap India-thumnail

Private equity firm KKR buys majority stake in Leap India

KKR, an equity firm has recently acquired a significant ownership interest, in LEAP, which is India’s top pallet pooling platform. LEAP provides a range of services.

Business

Aug 3, 2023

PM says Mongolia will deepen rare earths cooperation with US during Washington visit-thumnail

PM says Mongolia will deepen rare earths cooperation with US during Washington visit

Prime Minister L. Oyun-Erdene of Mongolia said during a visit to Washington on Wednesday that his country will expand its collaboration with the United States to mine rare earths, but

Economy

Aug 3, 2023

Ambuja Cements acquires 56.74 % stake in Sanghi industries at 5000 cr valuations-thumnail

Ambuja Cements acquires 56.74 % stake in Sanghi industries at 5000 cr valuations

Ambuja Cements has made an acquisition of Sanghi Industries Ltd for Rs 5,000 crore. The acquisition was funded internally. This has allowed Ambuja Cements to secure a controlling stake of 56.74%.

Business

Aug 3, 2023

Over $10 billion was deposited in Apple’s high-yield savings accounts-thumnail

Over $10 billion was deposited in Apple’s high-yield savings accounts

The iPhone manufacturer estimated the entire amount of deposits at around $10 billion in a news release on Wednesday. According to Apple, that money accumulated throughout the roughly 3.5 months that Apple Card customers had the option of opening them.

Business

Aug 3, 2023

Pi Ventures has announced the final closing of its second fund at $85 million-thumnail

Pi Ventures has announced the final closing of its second fund at $85 million

Pi Ventures reported the first closure of its second round in January 2022, raising Rs 303.5 crore ($40 million) from Accel, entrepreneurs, high-net-worth individuals, and family offices.

Investment & Funding

Aug 3, 2023

The U.S. is concerned about China’s counterespionage efforts-thumnail

The U.S. is concerned about China’s counterespionage efforts

On Wednesday, the US expressed worry over China’s appeal for its citizens to participate in anti-spying efforts and stated that it had been closely watching the implementation of Beijing’s enhanced

News

Aug 3, 2023

July’s unemployment rate drops to 7.95% as a result of increased demand for labor in agriculture-thumnail

July’s unemployment rate drops to 7.95% as a result of increased demand for labor in agriculture

As to a Bloomberg article that used statistics from the Centre for Monitoring Indian Economy (CMIE) for the month of July, the overall unemployment rate decreased to 7.95% in July from 8.45% in June.

Business

Aug 2, 2023

For its September IPO, SoftBank’s Arm targets a valuation of $60 billion or more-thumnail

For its September IPO, SoftBank’s Arm targets a valuation of $60 billion or more

Sources claim that Arm Ltd. a division of SoftBank Group Corp. that specialises in semiconductors, plans to go public as early as September with a valuation of $60 billion to $70 billion, signalling a bright outlook for chips including artificial intelligence.

Business

Aug 2, 2023

For the 2024 tax season, the US IRS will allow digital submissions of all tax documents-thumnail

For the 2024 tax season, the US IRS will allow digital submissions of all tax documents

The Treasury Department announced on Wednesday that the Internal Revenue Service of the United States intends to allow taxpayers to submit all paperwork and contact to the organization digitally beginning

Finance

Aug 2, 2023

Despite tough Chinese and U.S. markets, Hugo Boss remains strong-thumnail

Despite tough Chinese and U.S. markets, Hugo Boss remains strong

Hugo Boss (BOSSn.DE) has increased its sales and profit projections after posting a 20% increase in second-quarter revenues as a brand refresh and marketing campaign helped the German fashion company

Marketing

Aug 2, 2023


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