Shoppers at 11 Whole Foods Market stores throughout the Denver area can now pay at check out with just the wave of a palm. The supermarket chain recently introduced Amazon One: a service that lets patrons enroll their palms, then link their debit or credit cards to them. Afterward, there’s no need to pay with cash or cards –  shoppers […]

Contrary to expectations, the new business premium (NBP) of life insurance companies dropped 12.62 per cent year-on-year (YoY) in March 2023 due to an over 30 per cent drop in Life Insurance Corporation (LIC) of India’s premiums, albeit on a high base. Data released by the Life Insurance Council shows the industry racked up NBP of Rs 52,081 crore in […]

The stock of Divis Laboratories is up 10 per cent over the last couple of trading sessions on expectations that the worst is behind and the company could see a sequential growth in the March quarter of the 2022-23 financial year (Q4FY23). The stock witnessed the highest downgrades among Nifty50 index stocks with earnings cuts over a third after the […]

Lachlan Murdoch, the chief executive of Fox Corporation, dropped his defamation suit against an Australian publisher on Thursday, two days after his company settled a blockbuster libel suit against them. Mr. Murdoch sued Private Media, which owns the news website Crikey, in August over an opinion piece published by Crikey in June that linked the Murdoch family to the Jan. […]

‘If they are taking marquee locations and, say, are paying 50 per cent higher rent, those locations will see a spurt in rates as well.’ On Tuesday, April 18, 2023, India got its first fully-owned Apple store in Mumbai. Two days later, a second Apple store opened, this time in Delhi. The big openings have caused a good amount of […]

HUL believes that post Covid, the awareness about health and wellbeing and selfcare, has exploded and there is a mindset change from health as absence of disease, to health as a part of lifestyle. Hindustan Unilever believes that the health and wellbeing space is the sunrise market of the future. This strategy by one of India’s largest consumer goods is […]

Mutual fund houses have been on an equity buying spree in the past three months as they have invested a net amount of Rs 55,000 crore in them between January and March 2023. The number is more than double the amount deployed in the preceding three months (October to December), signalling improved valuations and favourable economic indicators. The valuations, which […]

Two unions representing Air India pilots have asked members not to accept the revised compensation and employment offer, calling the company’s proposals “unfair labour practices.” They said any coercion on pilots to sign the offer would lead to industrial unrest. The Tata group airline announced on Monday a new salary structure for pilots and cabin crew. It said the flying […]

Failed electric vehicle (EV) maker Rivian Inc. (NASDAQ: RIVN) found its stock hit again on an analyst downgrade. RBC analyst Tom Narayan took his price target from $28 to $14 and cut his rating from Buy to Hold. He got his wish immediately. The stock dropped to $12.50. It is down 68% in the past year. Rivian no longer appears […]