DIRS.INFO The most relevant business & tech news

☆ In India’s 2024 election, BJP’s main opposition appears increasingly weak in face of Modi juggernaut
▼ + stars: | 2024-04-20 | by ( Helen Regan | Rhea Mogul | ) edition.cnn.com time to read: +21 min

Supporters of India's opposition party, Indian National Congress, during an election rally in Puducherry on April 15, 2024 R. Satish Babu/AFP/Getty ImagesDemocracy under threat? Dipam Bhachech/Hulton Archive/Getty Images Modi worked his way through the ranks of the BJP, establishing himself as a respected politician. Tobias Schwarz/AFP/Getty Images Modi hugs French President Emmanuel Macron after a ceremony at the Arc de Triomphe in Paris, on June 3, 2017. Brent Lewin/Bloomberg/Getty Images India's Prime Minister Narendra Modi addresses Congress at the US Capitol in Washington, DC, on June 22, 2023. Pedro Ugarte/AFP/Getty Images Modi offers a toast during a State Dinner with President Joe Biden at the White House in Washington, on June 22, 2023.

Persons: ”, Narendra Modi, Mallikarjun Kharge, Indira Gandhi, Gandhi, ” Hazari Lal Rajput, Satish Babu, Modi, Modi’s, Matthew Abbott, Hiraben, Damodardas, Dipam Bhachech, Lal Krishna Advani, Subhas Chandra Bose, Kalpit Bhachech, Kalpit, Negi Yasbant, Amit Dave, Ajit Solanki, Kevin Frayer, Saurabh Das, AP Modi, Manish Swarup, Lucas Jackson, Barack Obama, Adrien Helou, Reuters Modi, Adnan Abidi, Stringer, Mark Zuckerberg, David Paul Morris, Marco Longari, Angela Merkel, Tobias Schwarz, Emmanuel Macron, Charles Platiau, Saudi Arabia's Crown Prince Mohammed bin Salman, India's, Jair Bolsonaro, Vladimir Putin, Xi Jinping, Amit Shah, Money Sharma, Boris Johnson, Phil Noble, Anthony Albanese, Brent Lewin, Pedro Ugarte, Joe Biden, Doug Mills, Paul Mashatile, Jacoline, Imtiyaz Khan, Amr Alfiky, Arati Jerath, “, it’s, Rahul Gandhi, Rajiv Gandhi, Indira, India’s, Jawaharlal Nehru, gunning, ” Modi, shouldn’t, Mohammad Irfan, —, Arvind Kejriwal, Altaf Qadri, Kejriwal, Atishi, you’re, Jerath, Gandhi ‘, ’ Modi, Christophe Jaffrelot, CNN Modi, Rasheed Kidwai, Rahul, Diptendu Dutta, Mamata Banerjee, Muthuvel Karunanidhi Stalin, ” Kidwai, ” Jerath Organizations: CNN, Bharatiya Janata Party, BJP, Indian National Congress, Getty, Democracy, Modi’s BJP, Pew, New York Times, Rashtriya Swayamsevak Sangh, Modi, Hospital, Narendra, India Today, AP, India's, Madison, Garden, Reuters, Washington , D.C, French National Space Agency, of Yoga, Meta, Facebook, Bloomberg, European, Saudi Arabia's Crown, Rashtrapati Bhavan, Kyodo, British, Summit, Qudos Bank, White, Anadolu Agency, Anadolu, United, United Arab Emirates, Developmental Inclusive Alliance, Indian, Aadmi Party, Delhi, AAP, Aam Aadmi Party, All, Trinamool, West, All India, Congress, “, “ Democracy Locations: India, Uttar Pradesh, Ramlila, Puducherry, Modi’s, Sydney, Australia, Gujarat, Ahmedabad, Ahmadabad, Varanasi, New Delhi, United States, Washington, Washington ,, Toulouse, France, Xian, AFP, Menlo Park , California, U.S, Pretoria, South Africa, China, Berlin, Paris, Rashtrapati, Russian, Brasilia, Glasgow, Red, Ayodhya, Abu Dhabi, United Arab, INDIA, Delhi, India’s, Lok Sabha, Atishi, ”, Manipur, Siliguri, West Bengal, Tamil

☆ India general election 2024: Polls open in world’s biggest vote
▼ + stars: | 2024-04-18 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Polls will open Friday for the first phase of India’s marathon general election, kicking off a vote in which Prime Minister Narendra Modi is seeking to win a rare third consecutive term. Challenging the BJP is India’s main opposition party, the Indian National Congress, and its newly formed INDIA alliance of parties. India’s Election Commission has imposed restrictions on media, including CNN, that limits the publication of reporting and analysis in the run-up to and during polling days. Supporters of India's opposition party, Indian National Congress (INC) during the election campaign in Puducherry on April 15, 2024. Among the most politically important states is Uttar Pradesh, home to 240 million people who vote in all seven phases.

Persons: Narendra Modi, Biju Boro, Modi, ”, Satish Babu, Mamata Banerjee, Dravida, Stalin, Altaf Qadri Organizations: CNN, Bharatiya Janata Party, BJP, Indian, Bharatiya Janata, United Nations Security Council, Indian National Congress, Getty, Dravida Munnetra Kazhagam, All, Trinamool, Tamil Locations: India, Guwahati, AFP, India’s, Puducherry, Lok Sabha, Uttar Pradesh, Lok, Tamil Nadu, Chennai, Dravida, INDIA, . West Bengal, Trinamool Congress, Nicobar Islands, Mizoram, Meghalaya, Nagaland, Myanmar, Manipur

☆ India kicks off the world's largest elections this week. Here’s what you need to know
▼ + stars: | 2024-04-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

A worker fixes a flag of the ruling Bharatiya Janata Party on a hoarding of their leader and India's Prime Minister Narendra Modi on April 15, 2024. The 2024 general elections will pan out in seven phases over the next six weeks, starting April 19. India's meteoric riseUnder Modi's rule, India's economy has scaled to new heights. It is now the world's fifth-largest economy with a GDP of $3.7 trillion and has set its sight on becoming the world's third largest economy by 2027. Home to 1.4 billion people, the world's most populous country is the fastest growing economy in the world.

Persons: Narendra Modi, Idrees Mohammed, Hong Kong's, Modi, Suyash Rai, Joe Biden, Chietigj Bajpaee, Biden, Bajpaee, Rahul Gandhi, Rajiv Gandhi, Indira Gandhi, Jawaharlal Nehru, Amitendu Palit, Modi's, R.satish Babu Organizations: Bharatiya Janata Party, India's, Afp, Getty, Voters, Monetary Fund, Carnegie India, CNBC, White, Bloomberg, India, South Asia, Chatham House, BJP, National Democratic Alliance, Indian, Developmental Inclusive, Indian National Congress, Institute of South Asian Studies, National University of Singapore, NDA, Centre, of Foreign Relations, Reuters Locations: Lok Sabha, Lok, Hong, Washington, U.S, India, China, Raipur, Coimbatore

☆ Why India’s economy under Modi offers a real alternative to China
▼ + stars: | 2024-02-26 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

The market value of companies listed on India’s exchanges crossed $4 trillion in late November. But the country is stuck in recession and recently lost its position as the world’s third biggest economy to Germany. While interest in the world’s fifth largest economy is rising, the lofty prices of India’s stocks are scaring some international investors away. According to Macquarie, retail investors alone own 9% of India’s equity market value versus foreign investors at slightly under 20%. China “has a few too many companies which are $100 and $200 billion plus [in value],” Mittal said.

Persons: Peeyush Mittal, there’s, ”, Mittal, They’ve, Narendra Modi, Indranil Mukherjee, Jefferies, “, MSCI, Aditya Suresh, Modi’s, Modi, there’ll, ” Suresh, shoring, Hubert de Barochez, Elon Musk, India “, ” Musk, Suresh, Satish Babu, China “, ” Mittal, Priyanka Agnihotri, Nirmala Sitharaman Organizations: New, New Delhi CNN —, Matthews Asia, Getty, Macquarie Capital, Bharatiya Janata Party, Monetary Fund, Jefferies, Capital Economics, Apple, Foxconn, ”, Workers, Chennai Metro Rail, Advisory, Indian Locations: New Delhi, Jaipur, San Francisco, India, China, Shanghai, Shenzhen, Hong Kong, Japan, Germany, Beijing, Washington, “ India, Macquarie, Chennai, Baltimore

☆ Why Singapore is quickly becoming the choice location for firms to support global carbon markets
▼ + stars: | 2024-02-15 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Carbon credits continue to play an important role in the global transition towards net zero. As an innovative financing mechanism, carbon credits allow corporates to mobilize capital to support emission-reduction projects. The decision to anchor CAD Trust in Singapore stems from acknowledging that transparency and governance are rooted in its DNA. Why Singapore is a prime location for firms to support global carbon marketsSingapore has successfully attracted more than 100 carbon market and services players to establish the city-state as their home base in Southeast Asia. Singapore's expertise in carbon services and its trailblazing move implementing Southeast Asia's first carbon tax in 2019, also appealed to Calyx Global.

Persons: — Dinesh Babu, Grace Fu, Duncan van Bergen, Van Bergen, — Duncan van Bergen Organizations: Reuters, Singapore, for Nature, National University of Singapore, Data Trust, Government of, Emissions Trading Association, Singapore's, Sustainability, Meta, Trust, Insider Studios, Singapore Economic Development Board Locations: Dubai, Singapore, Government of Singapore, South Asia, Southeast Asia, Oceania, Africa, Paris, Bhutan, COP28, Asia

☆ Couple has chance to earn over $700,000 a year—'I Will Teach You to be Rich' author says 'maximizing' isn't always the answer
▼ + stars: | 2024-01-31 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

Many Americans would accept a job offer that pays over $500,000 a year without batting an eye. The couple spends about "three to four hours a day" talking about money, they told Sethi. "The two of you excel in structured ways of thinking," Sethi told them. She told Sethi that despite the couple having over $300,000 in the bank between savings and investments, she's still nervous it's not enough. Seeing the projections for each salary offer in their spreadsheet helped put Mel and Babu at ease about having their immediate financial needs met.

Persons: Mel, Babu, Ramit Sethi, Rich, Sethi, that's, they'd

A view shows signage on a branch of Barclays Bank in London, Britain, March 17, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsDec 4 (Reuters) - Qatar Holding is looking to sell around 510 million pounds ($643.72 million) of shares in Barclays (BARC.L), one of the banks acting on the deal said on Monday, cutting back on its crisis-era investment in the British bank. The deal is set to price at 141 pence per share, or a discount of about 1.4% to Barclays' closing share price on Monday. The share sale comes as Barclays is striving to revive its share price, which has halved since Qatar first invested in 2008. Qatar has previously cashed in on warrants acquired through the capital injection.

Persons: Peter Nicholls, Pablo Mayo, Juby Babu, Anil D'Silva, Jane Merriman, Josie Kao Organizations: Barclays Bank, REUTERS, Barclays, Qatar, Venkatakrishnan, Reuters, Pablo Mayo Cerqueiro, Thomson Locations: London, Britain, Qatar, British, Germany, Bengaluru

REUTERS/Mike Segar/File Photo Acquire Licensing RightsDec 1 (Reuters) - Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained customers on the peak U.S. shopping days. Early estimates on holiday shopping have been encouraging to some investors after retailers sounded cautious notes in the lead-up to the season. "We know we're buying for wallet share with a value-conscious consumer this holiday season. Deep discounts have been a key feature heading into this year's holiday shopping season and holiday discounts could get even bigger in December, according to some retail executives. Kohl's (KSS.N) CEO Tom Kingsbury said last week the company was "coming out on holiday very aggressively in terms of promotions."

Persons: Mike Segar, Jimmy Lee, we've, Mary Dillon, Tom Kingsbury, Cos, Jason Benowitz, Deborah Sophia, Juby Babu, Pooja Desai Organizations: REUTERS, Adobe Analytics, National Retail Federation, Wealth Consulting, Amazon, Black, BofA, Walmart, Abercrombie, Fitch, American Eagle Outfitters, Roosevelt, Thomson Locations: Robbinsville , New Jersey, U.S, Bengaluru

☆ Nepal registers its first same-sex marriage
▼ + stars: | 2023-11-30 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Reuters —Local authorities in a village in Nepal registered the Himalayan nation’s first same-sex marriage on Wednesday, officials and activists said, five months after the Supreme Court issued an interim order clearing the way for such marriages in the largely conservative country. “We have issued the marriage registration certificate to the couple in consideration of the Supreme Court order and instructions from relevant government authorities,” said Hem Raj Kafle, chief administrative officer of the Dordi rural municipality. In June, the country’s Supreme Court issued an interim order allowing same-sex couples to register their marriages pending a final verdict. “It will open the door for them to jointly open bank accounts, own and transfer property like just any other couples.”Taiwan is the only other place to legalize same-sex marriage in Asia, where societies remain largely conservative. Hindu-majority Nepal has become increasingly progressive since a decade-long Maoist insurgency ended in 2006.

Persons: Ram Bahadur, Gurung, Surendra Pandey, ” Pandey, ”, Hem Raj Kafle, Sunil Babu Pant, Nepal’s, Pant Organizations: Reuters, Local, Blue Diamond Society, Maoists, Nepali Congress Locations: Nepal, Lumjung, Kathmandu, South Asia, Taiwan, Asia

☆ Nepal registers first same-sex marriage; 'historic', say activists
▼ + stars: | 2023-11-29 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

[1/2] Participants take part in an annual LGBTQ+ Pride parade, in Kathmandu, Nepal June 10, 2023. "We have issued the marriage registration certificate to the couple in consideration of the Supreme Court order and instructions from relevant government authorities," said Hem Raj Kafle, chief administrative officer of the Dordi rural municipality. In June, the country's Supreme Court issued an interim order allowing same-sex couples to register their marriages pending a final verdict. "It is historic," said Pant, a former lawmaker, noting that it was the first such registration in South Asia. Taiwan is the only other country to legalise same-sex marriage in Asia, where societies remain largely conservative.

Persons: Navesh, Ram Bahadur, Gurung, Surendra Pandey, Pandey, Raj Kafle, Sunil Babu Pant, Nepal's, Pant, Gopal Sharma, Shilpa Jamkhandikar, Richard Chang Organizations: REUTERS, Blue Diamond Society, Maoists, Nepali Congress, Thomson Locations: Kathmandu, Nepal, Lumjung, South Asia, Taiwan, Asia

☆ US Thanksgiving weekend sales hit record $38 bln on big discounts - report
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Shoppers crowd a Walmart store ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber Monday, according to data from Adobe Analytics, outstripping initial expectations for a 5.4% rise. But blockbuster deals rolled out from Thanksgiving Day through Cyber Monday helped spread the holiday cheer for bargain-hunters. Sales on Cyber Monday jumped a better-than-expected 9.6% to a record $12.4 billion, as shoppers clicked "buy" on Hot Wheels toys, PlayStation 5, smart watches and kitchen appliances. Reuters GraphicsAdobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, Adobe Digital, Graphics Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ US Thanksgiving weekend sales hit record on big discounts, online boost
▼ + stars: | 2023-11-28 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

More than 200 million shoppers tapped into promotions both in-store and online during the Thanksgiving weekend, the National Retail Federation (NRF) said on Tuesday. That was a jump from the 196 million shoppers seen last year and trumped the trade association's estimates of 182 million. Online shoppers rose 3.1% to 134.2 million, making up for a slight dip in the number of customers who visited brick-and-mortar stores. The weekend saw about 121.4 million in-store shoppers, down from 122.7 million in 2022, according to the retail body. Adobe said discounts peaked at 31% for electronics and at 27% for toys on Cyber Monday, which is typically the biggest online shopping day in the U.S.

Persons: Kamil Krzaczynski, Matthew Shay, Vivek Pandya, trouncing, Klarna, Deborah Sophia, Juby Babu, Pooja Desai Organizations: Walmart, REUTERS, Adobe Analytics, Deloitte, National Retail Federation, Shoppers, Adobe Digital, Adobe, Thomson Locations: Chicago , Illinois, U.S, Bengaluru

☆ US Cyber Monday online sales set to cross $12 billion as big discounts lure shoppers - report
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

Boxes ready to be delivered are seen during Cyber Monday at the Amazon fulfilment centre in Robbinsville Township in New Jersey, U.S., November 28, 2022. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNov 27 (Reuters) - U.S. shoppers looking for steep discounts are set to boost Cyber Monday online sales to a record $12 billion to $12.4 billion, splurging on products like Barbie dolls and headphones, data from Adobe Analytics showed. The midpoint of the range represents a jump of nearly 8%, better than Adobe's initial forecast of a 6.1% rise to $12 billion, easing concerns of a lackluster 2023 holiday shopping season. Salesforce also predicted Cyber Monday online sales would grow in the high-single-digit percentage range, both globally and in the United States. Reporting by Juby Babu and Deborah Sophia in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Eduardo Munoz, Barbie, Salesforce, Juby Babu, Deborah Sophia, Pooja Desai Organizations: REUTERS, Adobe Analytics, Thomson Locations: Robbinsville Township, New Jersey, U.S, United States, Bengaluru

"In the more recent macro environment, consumer demand has been even more uneven and difficult to predict," Best Buy CEO Corie Barry said. U.S. holiday sales are expected to rise at its slowest pace in five years, according to data from the National Retail Federation, as Americans are likely to pull back on holiday shopping. REUTERS/Bing Guan/File Photo Acquire Licensing RightsLast week, industry bellwether Walmart (WMT.N) warned of cautious consumer spending as the holiday shopping season gets underway. Retail executives said higher interest rates, inflation and a resumption in student loan repayments will keep consumer wallets under pressure. Still, some investors expect holiday sales starting Black Friday to hold "some positive surprises."

Persons: Corie Barry, Bing Guan, Fitch, David Silverman, Marvin Ellison, Thomas Hayes, Rachel Wolff, Ananya Mariam Rajesh, Savyata Mishra, Granth Vanaik, Juby Babu, Shounak Dasgupta Organizations: National Retail Federation, REUTERS, Walmart, Retail, Apparel, Abercrombie, Fitch, American Eagle Outfitters, Insider Intelligence, Thomson Locations: United States, SoHo, New York City, U.S, Bengaluru

☆ Bath & Body Works trims sales forecast as demand slows into holiday season
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Products are displayed in L Brands Inc., Bath & Body Works retail store in Manhattan, New York, U.S., May 13, 2016. REUTERS/Brendan McDermid Acquire Licensing RightsNov 16 (Reuters) - Bath & Body Works (BBWI.N) lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items like the specialty retailer's candles and soaps. The retailer expects its 2023 net sales to fall by 2.5% to 4%, compared with its previous forecast for a decline of 1.5% to 3.5%. Bath & Body Works earned 48 cents per share excluding one-time items in the third quarter ended Oct. 28, topping analysts' average estimate of 35 cents per share. The Ohio-based company's net sales fell 2.6% to $1.56 billion in the quarter, in line with analysts' estimates.

Persons: Brendan McDermid, Gina Boswell, Juby Babu, Milla Nissi Organizations: Brands Inc, Body Works, REUTERS, Body, Thomson Locations: Manhattan , New York, U.S, The Ohio, Bengaluru

☆ TJ Maxx parent lifts annual sales forecast on steady off-price demand
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: 1 min

A TJ Maxx store logo is pictured on a building in North Miami, Florida March 19, 2016. REUTERS/Carlo Allegri Acquire Licensing RightsNov 15 (Reuters) - TJX Cos (TJX.N) raised its annual sales forecast on Wednesday, boosted by steady demand from budget-conscious customers looking for promotional deals and bargains ahead of the crucial holiday shopping season. The discount store operator now expects full-year 2024 comparable store sales to be up 4% to 5%, from its earlier forecast of 3% to 4%. Reporting by Juby Babu and Granth Vanaik in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: TJ, Carlo Allegri, Cos, Juby Babu, Granth, Shailesh Organizations: TJ Maxx, REUTERS, Thomson Locations: North Miami , Florida, Bengaluru

☆ Tapestry bets on high prices as Coach parent cuts 2024 sales view
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Shares of the Coach parent rose 6% in early trading, as its profit beat market expectations. Sales at Coach, Tapestry's biggest brand, grew 3%, as demand for its Tabby shoulder bags nearly doubled from last year. It expects 2024 revenue of about $6.7 billion, lower than its prior target of nearly $6.9 billion, weighed by a stronger dollar. Net sales were flat at $1.51 billion in the quarter ended Sept. 30 from last year.

Persons: Andrew Kelly, Joanne Crevoiserat, Crevoiserat, Savyata Mishra, Juby Babu, Arun Koyyur Organizations: Tapestry, Inc, REUTERS, Capri, U.S . Federal, Thomson Locations: Manhattan , New York, U.S, North America, China, Bengaluru

☆ Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Segar/ File photo Acquire Licensing RightsNov 8 (Reuters) - WK Kellogg Co (KLG.N), the recently spun-off North American cereal business of Kellanova (K.N), beat Wall Street targets for third-quarter sales on Wednesday, as demand for its products withstood higher prices. Home to cereal brands including Kellogg's, Froot Loops and Rice Krispies, WK Kellogg reported sales of $692 million for the quarter ended Sept. 30, compared with analysts' expectations of $666.3 million, according to LSEG data. The company also forecast full-year 2023 adjusted sales in the range of $2.72 billion to $2.74 billion, slightly ahead of its prior guidance. Kellanova, formerly called Kellogg, also posted better-than-expected quarterly net sales of $3.94 billion. Reporting by Juby Babu in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, WK Kellogg, Rice, Kellogg, Juby Babu, Devika Organizations: Kellogg Company, REUTERS, Wall, Thomson Locations: New York, U.S, Bengaluru

☆ Online retailer Beyond Inc's chief steps down amid activist investor pressure
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

Companies Beyond Inc FollowNov 6 (Reuters) - Internet retailer Beyond Inc (BYON.N), formerly known as Overstock.com, on Monday said its chief excecutive, Jonathan Johnson, has stepped down amid activist investor pressure. Hedge fund JAT Capital, which owns a 9.6% stake in Beyond Inc, last week urged the board to replace CEO Johnson, arguing that he is to blame for the company's poor financial performance. JAT Capital did not immediately respond to a Reuters request for comment on the change. Overstock.com rebranded its website under the Bed Bath & Beyond name after it acquired intellectual property from the bankrupt company in June. Reporting by Juby Babu in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Johnson, Johnson, Dave Nielsen, John Thaler, Marcus Lemonis, Beyond's, Juby Babu, Maju Samuel Organizations: Beyond Inc, JAT, Bed, Thomson Locations: Bengaluru

☆ Gartner lifts annual earnings forecast on stable demand for research, consulting
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3(Reuters) - Information Technolgy Consultant Gartner Inc (IT.N) beat third-quarter results estimates on Friday and nudged up its annual earnings forecast, as it benefits from stable demand for its research and consulting services. The Stamford, Connecticut-based company also upgraded its annual earnings forecast and now expects revenue of $5.89 billion, up from its prior forecast of $5.85 billion. Gartner expects adjusted earnings for the year to be $10.9 per share, up 90 cents per share from its previous projection. The company's core research business saw a nearly 6% jump in revenue to $1.22 billion for the quarter ended Sept. 30. Gartner earned $2.56 per share on an adjusted basis in the three months ended Sept. 30, beating analyst estimates of $1.96 per share.

Persons: Gartner, Juby Babu, Tasim Zahid Organizations: Gartner Inc, Gartner, PayPal, Comcast, Revenue, Thomson Locations: Stamford , Connecticut, Bengaluru

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, Merry Matheus, Jared Dickow Alex Doell Mao Dong Praneil Doolabh Daniel Dooling Michelle Dorea Szymon Doroz Jacqueline Du Benjamin Duell Kelsey Dumont Julie Duval Todd Ebe Dayo, Jeremy Eisenstein Chris Elmore Ryan Erickson Joaquin Escribano Larry Estrada Pavel Fadeev Will Fairbourn Jeremy Falgiani Fabio Federici Wenlong Fei David Felman Sophia Ferguson Zach Fernandez David Fernandez Miguez Scott, William Fio Rito Duffy Fischer Lisa Florentine Akshay Fomra Janice Foo Nicholas Forbat Elie Franko Georgina Fraser Jason Freeman Nicole Freeman Oliver Friedberg Gavriel Friedland Ross Fuller Angela Fung Greg Furness Nikhil Gadodia Stefano Gamba Amit Singh Gambhir Javier Gandara Giorgio Gandola Amit Gangrade Sudha Garimella Mima Garland Mingmin Ge Graziano Gemma Shefali Gera Constance Germain Brad Gifford Benjamin Giles Abbas Ginwala Marlene Giorgio Thomas Giovachini Zachary Glasser Guillaume Gnech Harley Golding Yuriy Goldman Jesse Goldstein Roy Golender Sharon Gonnella Alejandro Gonzalez Steven Gooden Jessie Gould Varun, George Graf von Waldersee Florian Granier Jamie Greenberg Brian Grzelakowski Alessandro Guicciardi Michael Guiliano Samuel Guinness Bivash Gunpath Deepa Gupta Parikshit Gupta Lauren Gutierrez Johannes Hahn Chris Hallam Alex Halpern Christina Halpin Michael Hamilton Brooke Hammel Saki Hanioka John Hanson Mathew Harris Ally Hart Amy Harwood Tom, Emily Hashimoto Rob Haslam Michael Heino Brandon Herde Sarah Higgins Camilla Hill Spencer Hill Sho, Cecilia Ho Jonathan Ho Bryan Hoffman Kevin Hoffmeyer Eliza Hollyday Simon Holmes Mehdi, Lily, Derek Hu Jennifer Hui Tim Huiszoon Camille Humbert Kurt Humes Kelley Hutchison Masayuki Ichioka Andrew Imber Calvin Isaac Jackson Isaacs Sharif Ismail Yu, Doug Michael Jaffa Nitin Jagga Rahul Jain, Jataprolu Fiona Jervis Yinpeng Jin Sandeep Jindal Jennifer Jochinger Steven Johnson David Johnstone Megan Jordan Nicolas Joseph Bob Kadel Jean Kam Harneet Kaur Vinay Kaura Peter Kelman Stephanie Kenary Maggie Keohan Humayun Khalid Sunil Khandelwal Scott Kilpatrick Jenny Kim Ashley King Joel Klaus Rene Klos Rossitsa, Michael Kondoleon Gregory Kontopoulos Larry Kornreich Shrivathsa Kota Konrad Krallmann Ken Kraska Alexander Kretzberg Bryant Krongard Simon Kubbies Adam Kulik Peter Kulka Ajeya Kumar Aditya Kurella Sara Lachapelle Raagini, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary LeDonne, Allison Lee Michael Lee Soohyun Lee Victoria Lewis Alice Li Qing Li George Lin Ali Lippert David Lipworth Bozhena Lisko, Murphy Mark Littlewood Zhenyi Liu Yelli Lobel Avinash Lobo Burke Loeffler Gabriela Lopez Cristian Lopez, Balboa Carlos Lopez Torrero Stephanie Louie Edward Lowe Reynolds Lowry Fei Luo Ranjan Luthra Sangeetha M Martin Ma Matthew Maciaszek Michael Magee Steffen Mahringer Poonam Majithia Terres Maloney Gopal Manchikanti Jade Mandel, Manfay Varun, Pierre Marboeuf Matt Margolin Thiago Marinheiro Kevin Martens Masato Maruyama Lucinda Mataka Rishi Mathur Pierre Maugest Scott Maxfield Andrei Maxim Michael McClurg Selina McCole Jeff McCown Andrea McGee Sinead McGuigan John McGuinness Benjamin McRoberts Amit Mehrotra Gaurav Mehta Kelly Mellecker Josef Menasche Raf Mercado Alexander Mielke Rachel Miles Christopher Miller Megan Miller Robert Miller Max Minton Edward Mitchell Oliver Money Tyler Moni Anna Montvai Taylor Moore Anthony Moschella Brandon Moy Faraz Munaim Sasha Munn Ashok Musuvathy Negar, Julian Naden Robinson Hiroki Nagamine Srijith Nair Cornelius Namiluko Sanjiv Nanwani Jay Narain Robert Andranik Nazarian Jovan Negovan Ryan Newman Michael Ng, Tasuku Nishihara John Nixon Kristy Nomi Alexandre Nunes Patrick O'Callaghan Yusuke Ochi KC O'Connor David Olivares Erica Olsen Victoria Ortengren Anas, Peter Pace Robert Packwood Nitin, Ellen Pak Ruth Pan Pedro Panizo Jayshri, Rahul Parikh Dan Parisi Freddie Parker Phil Parsons Peter Paruch Paul Pate Bella Patel Preya Patel Rakesh Patel Amit Patni Ed Paulinski Adam Pennacchio Kyle Penton Abhishek Periwal Michael Perrier Yoric Perrin Rasmus Persson Tommy Pinhas, Marco Poletti Megan Prasad Avijit Praveer James Puccinelli Sameer Punde Rob Pyne Na Qiao Valentina Quadri Marco Quirico Anya Radford Abhishek Rai Rahul Raj Ram Rajamony Ryan Ramsay Rami Rankoussi Nach Rao Pawan Rao Anurag Rathi Philip Renton Noel Reyes Ruth Reynolds Timothy Richards Peter Richter Brigid Riley Hutchinson Nick Rill Kristina Ristagno Vicky Ritter Martin Roberson James Roberts James Robinson Giorgio, Erin Roos Erin Ross Sumit Roy Conrad Ryan Soo, Ryu David Sage Jai Sahani Namita, Sarah Sakkej Karim Saleh Ayesha Salman Divya Samani Henrik Samuelsson Ryan Sansalone Vikram Sarker Shalini Satish Babu Charlotte Saury, Hania Schmidt Helene Schmitt Emily Schorr Wendy Schrunk Thomas Schwegler Michael Sciancalepore Brandon Seaman Benjamin Seigel Gamal Selvarajah Nicholas Semeniuk Devjoy Sengupta Michael Shafik Arpan Shah Shashwat Shah Shahnawaz Shahbaz Manoj Sharma Sachin Sharma Wazila, Gunduz Shirin Alex Silver Asmita Singh Kamalpreet Singh Andrew Sinnott Sapna, Dan Skinner Andrew Snow Stephanie Snyder Farouk Soussa Christopher Spahr Erik Sparks Matt Speltz Naveen Srinivasan Bhargav, Warren, Damian Steele Tobias Stein Catherine Stemp Dave Stringer Shekar Subramanian Jordan Sudy Philipp Suess Fatima Sultana Lu Sun Kumar Sundaram Fiona Syer Matthew Sykes Tofi, Filippo Taddei Sandhya Tadishetty Omer Tanvir Rita Taylor Zachary Tcheyan Brian Teague Wesley, Caitlin Terry Thomas Tesauro Hemal, Justin Therry Christine Thornburg Gregory Thysheril Angelo Tierno Alexander Tingle Ryan Townsend Cynthia Trillo Dimitris, Jessica Tung Jonathan Tung Ezgi, Zachary Upcheshaw Kiyomi, Nadine Urseanu Jim Vais Pim Valantagul Perrin Van Allen Annerieke van Dijk Jeroen van Dorp Dennis van Laer Todd van Stolk, Riley Jacqueline Vargas Alexander Vavalidis Edwin Velez Prasanna Venugopal Tim Verheyden Amanda Verstegen Ankit Vijay Vargiya Salvador Villanueva Arthur Villard Sichel Denzel Voesenek Bradley Wainwright Adam Walker Barbara Walters Omar Waly Daniel Wang Kenneth Wang Kristen Ward Gavin Warren Michael Washington Harry Webster Fredrik Weege Brian Weiss Thomas Weitz Nat Wells Joe Wenzel Tim Whitehead Henry Willans Matthew Williams Taylor Williams Katie Wilson Richard Wilson Stephanie Wisner Ilana Wolfe Jake Woodson Jeff Wu Qi Wu Jackson Yang Esma, Yoon Harm, John Zhai Jenny Zhang Lynn Zhang Raye Zhu Jane Zhuang Hans Zijlmans Carolyn Zimmer Samia Zitouni Mira Zorkot Organizations: Goldman, Wall, Carolina, Nick De Kock Ann de la Montaigne, Langalia Chaim Langer Alexander Langley Raven LaRue Dolapo Lawal Claire Leblanc Mary Locations: Europe, Asia, India

☆ Garmin raises annual sales forecast, beats quarterly estimates
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

A large replica of a fitness smartwatch from Garmin is on display the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi Niesner/File Photo Acquire Licensing RightsNov 1 (Reuters) - Navigation equipment maker Garmin Ltd raised its annual sales forecast ahead of the crucial holiday shopping period as strength in its auto and fitness businesses helped it beat third-quarter revenue estimates. The company had previously forecast revenue of about $5.05 billion and adjusted earnings of $5.15 per share for the year. All of Garmin's segments registered growth in the quarter, except its marine business, which posted a 7% decrease in sales. Excluding items, Garmin earned $1.41 per share, topping expectations of $1.29.

Persons: Lisi Niesner, Cliff Pemble, Juby Babu, Saumyadeb Organizations: Garmin, IFA, REUTERS, Audio, BMW, Thomson Locations: Berlin, Germany, Bengaluru

☆ Onsemi forecasts weak fourth quarter on slowing demand for electric vehicles
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +1 min

Semiconductors are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsOct 30 (Reuters) - Chipmaker Onsemi (ON.O) forecast fourth-quarter revenue and profit below market expectations on Monday, in a sign that slowing demand for electric vehicles was beginning to hurt orders for its chips from the automotive industry. The company, whose clients include European automaker Volkswagen (VOWG_p.DE), forecast revenue in the range of $1.95 billion to $2.05 billion, compared to analysts' average estimate of $2.18 billion, according to LSEG data. Onsemi forecast its fourth-quarter adjusted diluted earnings per share in the range of $1.13 to $1.27, below analysts' average estimate of $1.36. Its third-quarter revenue of $2.18 billion inched past expectations of $2.15 billion.

Persons: Florence Lo, Elon Musk, Juby Babu, Arun Koyyur Organizations: REUTERS, Volkswagen, Thomson Locations: Arizona, Bengaluru

☆ Music streaming was 2022's top moneymaker for songwriters, composers
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

A man watches the sunset while wearing a headphone and listening to music, in Colombo, Sri Lanka February 23, 2023. REUTERS/Dinuka Liyanawatte/File Photo Acquire Licensing RightsOct 26 (Reuters) - Streaming became the largest source of income for composers and songwriters in 2022 and helped boost their collections by more than a quarter to 10.83 billion euros ($11.44 billion), a report showed on Thursday. After a boom during the pandemic, streaming collections have doubled from their pre-COVID levels and account for 35% of total collections for music creators, surpassing TV and radio. "It may not affect the graph lines of creators' collections in 2023, but it will in years ahead. CISAC is a network of authors' societies, protecting rights and representing interests of over four million creators of music, audio-visual, drama, literature and visual arts.

Persons: Dinuka, Bjorn Ulvaeus, Ulvaeus, CISAC, Juby Babu, Devika Organizations: REUTERS, International Confederation of, Authors, Composers, Thomson Locations: Colombo, Sri Lanka, Bengaluru

☆ Western Digital and Japan's Kioxia call off merger talks - Nikkei
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ann/File photo Acquire Licensing RightsTOKYO, Oct 26 (Reuters) - Western Digital Corp (WDC.O) and Japan's Kioxia Holdings have broken off talks to create one of the world's biggest chipmakers, the Nikkei newspaper reported on Thursday. The companies were also unable to agree on conditions with top Kioxia shareholder Bain Capital, the report added. Western Digital, Kioxia and Bain Capital did not immediately respond to Reuters' requests for comment. Shares of Western Digital sank 12% on the news. Kioxia and Western Digital have held merger talks since 2021 but the negotiations have often stalled over a series of issues, including valuation discrepancies.

Persons: David Dolan, Aditya Soni, Juby Babu, Chavi Mehta, Shweta Agarwal Organizations: Taipei, REUTERS, Rights, Western Digital Corp, Japan's Kioxia Holdings, Nikkei, SK Hynix, Bain Capital, Samsung Electronics, South Korean SK Hynix, Kioxia, Western Digital, Western, Thomson Locations: Taipei, Taiwan, U.S, Kioxia, Bengaluru

Search resuls for: "Babu"

25 mentions found