Tesla CEO Elon Musk has trolled Apple CEO Tim Cook on Twitter over Apple’s new $19 cleaning cloth. In celebration of Apple’s new store in Istanbul, Cook tweeted on Friday: “Introducing Apple Bagdat Caddesi, our beautiful new store in Istanbul. We’re glad to be a part of this vibrant community and we can’t wait to … Read more
Global chief executive Alan Jope said the Indian business is emerging stronger from the pandemic but mobility and consumer sentiments remain below pre-pandemic levels. “We are emerging stronger from the pandemic with over 75% of the business winning market share and household penetration continuing to grow well. Mobility and consumer sentiments still remain below 2019 … Read more
American retail giant Amazon has moved the Supreme Court, appealing against a National Company Law Tribunal (NCLT) order that had allowed the Future Group’s listed companies to hold shareholders’ and creditors’ meetings to clear its proposed transaction with Reliance Retail Ventures. In its application, Amazon has urged the Supreme Court to pass an order to … Read more
In June 2018, Whirlpool had acquired 49% strategic interest in Elica PB India (Elica) to expand the cooking business. Whirlpool has now acquired additional 38% stake in Elica for an estimated $57 mn – bringing the total stake to 87% and consequently Elica becoming a subsidiary of Whirlpool. Elica PB India, is the Indian arm … Read more
Immediately after Future Retail announced the termination of agreement with 7-eleven, Reliance Retail announced a similar Master Franchise Agreement to launch 7-Eleven Convenience stores in India. Further interesting is the fact, that the 1st store is getting opened within the next 2 days, i.e., October 9, 2021 in Andheri East, Mumbai. Sequence of events clearly … Read more
Good Glamm Group, which operates brands like POPxo and BabyChakra, on Wednesday said it has acquired The Moms Co for an undisclosed amount. With this acquisition, The Moms Co aims to grow to a Rs 500 crore revenue run rate in the next two years. The brand is also expanding to the US and Middle … Read more
Chip-maker Advanced Micro Devices, Inc. (AMD) said that the latest Windows 11 operating system may reduce the gaming performance of its Ryzen motherboard by 10 to 15% as the OS does not utilize AMD’s preferred core. AMD posted a support note on its website stating that the new Windows OS will triple the L3 cache … Read more
Godrej Industries (GI) is one of the holding Company of Godrej group. Besides, it’s also a leading manufacturer of oleochemicals on standalone basis. However, for all practical purposes, it should be mainly looked at as a holding Company – numbers of it’s standalone business are not much exciting. It also borrows to fund various group … Read more