Festive season sales, in terms of gross merchandise value (GMV), will likely reach $12 billion this year, rising 23% from the previous year’s $9.7 billion, according to data from market research company Datum Intelligence. Quick commerce may account for $1…
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Tata Sons chairman N Chandrasekaran anticipates Tata Electronics, Air India, and Tata Digital to become top businesses within three years. The group’s revenue grew by 13% in FY24, with profits surging over 50%. Investments are projected to exceed $120 billion…
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The Federal Reserve’s recent half-point interest rate cut has influenced global central banks, including those in Europe and emerging markets. This move aims to ease pressure on exchange rates and provide space for recalibrating their own rate settings. The European…
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The Jubilant Bhartia Group promoters are leading the race to acquire a significant minority stake in Coca-Cola’s India bottling arm, Hindustan Coca-Cola Beverages (HCCB). They have signed an exclusivity agreement with Coca-Cola to negotiate the purchase for Rs 10,800-12,000 crore.…
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Nippon Life Asset Management Company also redesignated Amol Bilagi as the Deputy Chief Financial Officer who was appointed as the Interim CFO in January.
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The Federal Reserve has announced a half-point rate cut before the end of this year and an additional percentage point cut in 2025. This decision will lower borrowing costs for consumers and businesses. The Fed is confident that inflation is…
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