Sections

ideals

Business Essentials for Professionals



Companies

Despite Growth In Sale Revenues, Nestle Warns On Margins

While reporting strong organic sales for the first half of the current year because of strong demand for coffee, Nestle also cautioned investors against slight squeezing of margins for the year due to input cost inflation. Its gull year growth forecast was however raised by the world's biggest food...

Intel To Build Qualcomm Chips Will Be Built At Intel Factories

Semiconductor chips for Qualcomm Inc will now be manufactured in factories of United States based chip maker Intel Corp.   Making this announcement the US based company also laid out a roadmap for expansion of its new foundry business so that it is able to catch up with its rivals such as...

Starbucks To Exit Its South Korean JV Which Is Valued At Over $2 Bln

Its joint venture in South Korea is will be ended by Starbucks Corp as the company has decided to sell off a part of its stake to local partner E-Mart Inc and the rest of its share to GIC, Singapore's sovereign wealth fund. The value of the Starbucks joint venture is touted to be valued at more...

Indian Startup Zomato's Stellar Stock Market Debut Sets Up Stage For Other Indian Tech Listings

There was a massive 65.8 per cent surge in the stocks of the Indian food delivery firm Zomato Ltd in its stock market debut on Friday which set the value of the company at 988.49 billion rupees ($13.28 billion) while also and setting up the stage for other domestic Indian startups to plan their own...

Armani Stages Strong Bounce Back From Pandemic Hit In H1 With 34% Jump In Sale

A surge in sales in China and the United States helped the Italian fashion group Giorgio Armani to report a 34 per cent jump in sales for the first half of 2021 as the company strongly bounced back from the pandemic hit to its business.   The brand however said that a complete recovery for...

GM And Cruise Approaches To Stop Ford Using 'Bluecruise' Name For Hands-Free Driving

A federal court in the United States has been approached by General Motors Co and its Cruise robo-taxi subsidiary to stop the use of the name "BlueCruise" by Ford Motor Co in its marketing campaign for its hands-free driving technology.   This was stated by GM on Saturday.   The use...

Tesla Wants Indian Government To Sharply Reduce Import Taxes On EVs

Tesla wrote off a letter to Indian minister requesting a big reduction in import duties on electric vehicles into the country, claimed reports citing sources with knowledge of the matter, which was followed by a tweet from Tesla’s Chief Executive Elon Musk stating that the company was likely to set...

Twitter Comfortably Beats Q2 Revenue Targets With New Ad Targeting Strategy

The ad targeting improvements for helping brands to reach potential customers rolled out during the second quarter helped the social media platform Twitter Inc to beat revenue estimates of the Wall Street for the quarter.    The results pushed Twitter’s shares up by 5 per cent. ...

Intel Reports Estimate Beating Quarter But Forecast Lower Current Quarter Margins

Despite reporting revenue and earnings per share that comfortably neat its own estimates as well as estimates of Wall Street, United States based chip maker Intel’s shares dropped 2 per cent as investors accorded more importance to the cautionary guidance on margins in the current quarter provided...

Salesforce Aims To Connect Companies Via Slack Following $27.7 Bln Deal,

The $27.7 billion acquisition of Slack Technologies Inc by business software maker Salesforce.com has now been closed, the company said on Wednesday,   The basis of the acquisition is Salesforce’s belief that the workplace app of Slack will gain popularity fast and be extensively used for...

Elon Musk Says Tesla 'Most Likely' To Restart Accepting Bitcoin For Car Purchases

United States based electric car maker Tesla will conduct due diligence to make an assessment of the amount of renewable energy that would be used to mine bitcoin and then will most likely restart accepting the cryptocurrency as payment for its cars, said  the company’s Chief Executive Officer...

J&J Thinking Of Offloading Its Talc Liabilities Into Bankruptcy

Johnson & Johnson has been reported to be planning to shift the liabilities originating from hundreds of litigations related to its Baby Powder onto a newly created business which would then seek bankruptcy protection, said claimed reports quoting information from people familiar with the...
1 ... « 108 109 110 111 112 113 114 » ... 248