The British electric vehicle maker Arrival has collapsed into administration – putting 170 jobs at risk – just three years after it was valued at more than $15bn. The company, which had two manufacturing sites in Oxfordshire, has appointed consultancy firm EY as administrator, after failing to launch its debut electric van. The move comes … Read more
It’s likely to have been another soft quarter for Britannia Industries as the company is expected to see muted growth in earnings amid weak volumes and rural demand, higher raw material costs, and likely price cuts in some categories. The company is seen reporting a moderate 1.2% year-on-year (YoY) growth in consolidated revenue for the … Read more
The owner of Snapchat is laying off approximately 10% of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs. “We are reorganizing our team to reduce hierarchy and promote in-person collaboration. We are focused on supporting our departing team members,” a Snap Inc statement to CNBC read. Snap Inc said … Read more
Tata Motors. Share Price 926.80 04:03 PM | 05 Feb 2024 48.05(5.47%) Coal India. Share Price 440.25 04:03 PM | 05 Feb 2024 20.45(4.88%) Sun Pharmaceutical Industries. Share Price 1463.80 04:03 PM | 05 Feb 2024 47.15(3.33%) Cipla. Share Price 1433.90 04:03 PM | 05 Feb 2024 41.25(2.97%) Bharat Petroleum Corporation. Share Price 574.75 04:03 … Read more
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of … Read more
Two of the UK’s largest lenders, Santander UK and Lloyds Banking Group, allegedly held bank accounts for front companies that helped Iranian entities evade US sanctions, according to reports. The news has rattled investors, who sold off shares in the two banks on Monday morning, amid fears that the lenders could face penalties if they … Read more
Shares of Megatherm Induction listed with a premium of 108.3% on the NSE SME platform on Monday. The stock debuted at Rs 220 as against an issue price of Rs 108. Ahead of the listing, the company’s shares traded with a premium of Rs 111 in the unlisted market. The IPO was entirely a fresh … Read more
McDonald’s reported its first quarterly sales miss in nearly four years on Monday, squeezed by weak sales growth in its business division that includes the Middle East, China and India. The burger giant is among several western brands that have seen protests and boycott campaigns against them over their perceived pro-Israeli stance in the Israel-Hamas … Read more
(NewsNation) — Boeing was notified of yet another potential issue in some of its 737 jet fuselages last Thursday. Boeing Commercial Airplanes CEO Stan Deal said in a letter to Boeing staff seen Monday that a worker at its supplier discovered misdrilled holes in fuselages. Spirit AeroSystems, based in Wichita, Kansas, makes a large part … Read more
Markets regulator Sebi has approved the IPO of Arkade Developers, CJ Darcl Logistics, Juniper Hotels, and Indo Farm Equipment. Arkade and Juniper are fresh issues while the other two comprise both fresh issues of equity shares as well as offer for sale (OFS). Juniper Hotels IPO Juniper Hotels, which runs hotels under the “Hyatt” brand, … Read more
