Strategy Financial News

By Sam Nussey

₹4.1 lakh. They offered the 'Pay to Quit' option in order to keep a committed and motivated workforce, according to a report published by MoneyControl. In his letter to shareholders, Bezos said that the company annually offers to pay its associates to quit.

By Svea Herbst-Bayliss

Uber chief executive Dara Khosrowshahi has declared pay laws will not hold the gig economy giant back. It can even cope with European markets where drivers are employees, Mr Khosrowshahi told investors on an earnings call overnight.

Netflix has officially announced the return of the reality competition series "The Circle" for its sixth and seventh seasons. Both seasons have already been recorded. It raises the possibility of seeing them in 2024. After the end of its fifth season in January 2023, «The Circle» has been relatively quiet this year. It has left fans eager for the next installment. For those unfamiliar with the show, «The Circle» stands out among Netflix's non-dating reality programs, focusing on online social interactions. Contestants reside in separate apartments, striving to gain influence by forming connections, flirting, and even pretending to be someone else. The game involves strategy and deception, with gradual eliminations leading to one victor. Although Netflix is yet to announce the official release date for the sixth season, it is expected to release in spring 2024, aligning with the typical April-May schedule of previous seasons. The debut of the seventh season remains uncertain, but given that it has already been recorded, it might arrive in the fall of 2024. A notable change is that both the sixth and seventh seasons of «The Circle» were filmed in Atlanta, Georgia, marking a departure from the show's traditional location in Manchester, England. This move to the United States introduces a fresh dynamic to the series.

₹400 crore to buy the three aircraft but is staring at further headwinds as the aircraft grounded for over four years will require 8-12 months to become airworthy and flown out of India. It will take some more time to convert the passenger planes to freighters, the company said. “...the more you wait, or the more the aircraft is on ground, it loses value and eventually you reach a point when the value of the assets is zero or sometimes even minus.

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Analysts at Goldman Sachs double-upgraded DigitalOcean (DOCN) to Buy from Sell in a note to clients Tuesday, maintaining a price target of $33 per share on the stock.

Pacific Equity Partners is eyeing “billions” of dollars for its Gateway fund, which has now attracted about 1000 individual investors.

₹1,942 crore, rose 8% year-on-year, falling short of consensus estimates. The crucial Express Parcel business with 12% volume growth at 181 million, lagging expectations, was a dampener. Importantly, the adjusted Ebitda loss of ₹13 crore, although narrowing, was another concern.

New Delhi: A year ago, Maruti Suzuki India Ltd’s share of the Sports Utility Vehicle (SUV) pie was just 9.5%, way thinner than then leader Tata Motor’s 22.6% slice. Indeed, Maruti was then the fifth biggest SUV maker in the country, even trailing South Korea’s Kia, which had entered the market in 2019. However, in the first half of 2023-24, Maruti, long renowned as a maker of frugal, fuel-efficient small cars, nosed ahead of Mahindra to become the largest SUV maker in the country.

Berlin: German authorities are eyeing closer collaboration with Indian startups in mobility, health, energy and advanced materials among other fields, said a German government official, after regulatory and political troubles with China led to a shift in focus toward India. China’s harsh covid-era restrictions also proved an obstacle to German firms, said the official. The city of Berlin, a leading hub for German startups, is particularly interested in building collaborations with Indian startups.

Supply chain management has become a complicated issue for many industries in recent years — none more so than food and agriculture. When you’re in the business of ensuring essential, but perishable, goods get to where they’re supposed to go in a reliable and timely fashion — and are of the quality consumers deserve and expect — an accurate, real-time tracking system is invaluable.

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Optimum Nutrition is part of Glanbia Performance Nutrition (GPN), a company which is home to consumer brands and ingredients that help people around the world feel strong, and nourished to perform well at any age. Optimum Nutrition has been supporting athletes in achieving their fitness goals for over three decades and the collaboration with Neeraj as his ‘Strength and Recovery Partner’, is similarly aimed at supporting his quest for a Gold medal in his Championship journey next year.

Collegedunia, founded in 2014 by BITS Pilani alumnus Sahil Chalana, is a one-stop destination for students, parents, and educational industry players seeking information related to higher education in India and abroad alike. The portal has played a proactive role in the education sector in the last 9 years and has established itself amongst the top 100 websites in India.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: Outperform initiations at Nike and Lululemon Athletica, and upgrades at HP, monday.com, Hess, and DigitalOcean.

BJP national general secretary and former Madhya Pradesh minister Kailash Vijayvargiya was a surprise choice for the Indore-1 seat as he has been more involved in national politics for the past few years. Expressing confidence in his party getting another term despite being in power for 18 years, he told ET in an interview that welfare schemes of the Centre and the state government will swing votes in BJP’s favour. Q: You had moved out of Madhya Pradesh politics and your son was an MLA here. Now the party has brought you back in a surprise move. How have you taken this? A: What we have learnt in BJP is that when the party takes a decision or gives you an order you accept it.

According to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.

If you’ve sat your kids down to discuss Roth IRAs and compound interest, you might have been going about things the wrong way

Ipsita Dasgupta, senior vice president and managing director of HP India, has purchased a luxury apartment in Mumbai’s Worli locality for more than Rs 22.50 crore. Dasgupta was roped in by HP India from Apple in October and will be responsible for leading all aspects of the company’s strategy and profit and loss (P&L) in India, Bangladesh, and Sri Lanka. She has bought the apartment on 4th floor of super-premium project Raheja Artesia from the developer K Raheja Corp Homes. The deal was executed by Genext Hardware & Parks, one of the subsidiaries of the real estate developer. The deal, executed on October 26, has attracted more than Rs 22.56 lakh in fees, showed documents accessed through Zapkey.com.