BUSINESS

despite the festival and wedding seasons, most retail majors saw low single-digit growth or a decline in same-store sales. The outlier in the listed space was Trent, which delivered revenue growth of over 50 per cent.
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2 years ago Read more at Business Standard

India’s copper industry is gearing up for a change in market dynamics. a new entrant is planning to add capacities, but an older player is facing legal hurdles. Amid this, raw material imports, commercial viability, and capacity ramp-ups will be the deciding factors on how the industry fares.
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2 years ago Read more at Business Standard

Advertisement Sri Lanka has scrapped free long-term visa extensions for Russians and Ukrainians who headed to Sri Lanka in the last two years, Reuters reported. It follows outrage over a "whites only' event advertised at a Russian-run nightclub on the island. Advertisement Shortly after the party was canceled, the Sri Lankan Tourism Development Authority announced that it would be scrapping free visa extensions.
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2 years ago Read more at Business Insider

The next edition of AIMA’s Global Advanced Management Programme (GAMP) is scheduled to be held in Silicon Valley, USA, from May 12-18. This will be the 19th edition of the program that offers an unparalleled opportunity and exposure to business leaders as they visit some of the biggest innovative companies in the world. The program delves into cutting-edge management practices and emerging trends in Deep technology, Generative AI and Design thinking leading to innovative business models.
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2 years ago Read more at India Education Diary

The Reserve Bank of India’s 2023 Report on the Role of Panchayats in Economic Development concludes that states with higher Devolution Index scores (Kerala, Karnataka, Tamil Nadu, Maharashtra) are found to have better quality of socio-economic development. It illustrates this by comparing under-5 Mortality and Higher Secondary Transition Rates with greater devolution. Subscribe to BS Premium now, at just Rs 249/month.
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2 years ago Read more at Business Standard

emlyon business school is starting a new triple degree, the Master in Management, Finance and Tech, in partnership with two prestigious business schools. Each student will have the opportunity to graduate from all three institutions and obtain: The MSc in Corporate Finance from Bayes Business School. The programme will thus provide a cross-cultural international immersion while diving into the latest innovations of the sector such as cryptocurrency applications and data analysis in finance.
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2 years ago Read more at India Education Diary

LocalCircles survey said that a majority of UPI users may stop online transactions if charges are levied. The survey also found that some platforms or merchants are levying a convenience or transaction fee for UPI transactions. One of the most common example cited by consumers frequently is the Rs 20 convenience fee.
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2 years ago Read more at Business Today

MUMBAI POLICE arrested 45-year-old Ritesh Fernandes for allegedly defrauding the company of around Rs 7.74 crores. he was produced before the court on Sunday and was remanded to police custody.
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2 years ago Read more at The Indian Express

40% of our sales here is originating in factories in India. One is making sure there is a custom duty differential between finished goods that get manufactured here versus parts which might be coming from outside. This ensures that domestic manufacturers get an incentive for manufacturing finished goods here by importing parts which are sometimes not available from local suppliers.
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2 years ago Read more at Deccan Herald

US Securities and Exchange Commission (SEC) has suffered $402 million (about 3,330 crore) in goodwill impairment charges in calendar year 2023. The company has already sold its Indian unit to Canada's Brookfield in a $2.5 billion all-cash deal this January.
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2 years ago Read more at The Economic Times