DIRS.INFO The most relevant business & tech news

☆ Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
▼ + stars: | 2024-05-01 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its "Core" teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit is responsible for building the technical foundation behind the company's flagship products and for protecting users' online safety, according to Google's website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles. Many Core teams will hire corresponding roles in Mexico and India, according to internal documents viewed by CNBC. Asim Husain, vice president of Google Developer Ecosystem, announced news of the layoffs to his team in an email last week.

Persons: Sundar Pichai, Asim Husain, Husain, Ruth Porat, Prabhakar Raghavan Organizations: Inc, Government, Society, Google, CNBC, Mexico City, U.S Locations: Stanford , California, India, Mexico, Sunnyvale , California, Bangalore, Brazil

☆ Opinion: India is on the climate crisis frontline. So why isn’t that an election issue?
▼ + stars: | 2024-04-19 | by ( Opinion Aditya Valiathan Pillai | ) edition.cnn.com time to read: +9 min

This is because climate politics looks different in the developing world; it will shape Indian elections in definitive but under-the-radar ways. Similarly, stump speeches throughout this campaign season have not featured climate change as a central issue. The headwinds of climate change are absorbed by the electoral machine and emerge as end-of-tailpipe policies rather than grand climate strategy. This pattern of climate politics is reinforced by seemingly low recognition in India of climate change as a problem. The climate impacts buffeting the most populous nation on earth aren’t just a domestic issue — they’re an international one.

Persons: Aditya Valiathan Pillai Nadeem Z, Aditya Valiathan Pillai, Read, New Delhi CNN —, Amarjeet Kumar Singh, Kabir Jhangiani, Narendra Modi, Stump, Pawan Sharma, Tamanna Dalal Organizations: New, New Delhi CNN, Anadolu Agency, Getty, Bharatiya Janata Party, BJP Locations: New Delhi, India, Bangalore, Silicon, Karnataka, Mumbai, Delhi, sunburnt, Uttar Pradesh, China, Australia, Agra, Maharashtra, North Bengal, Bengal

☆ Google lays off more employees and moves some roles to other countries
▼ + stars: | 2024-04-17 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Several teams across Google's finance and real estate units have been affected, according to two current employees, who said staff had been informed of the cuts this week. One said that the affected teams in finance include Google's Treasury, Business Services, and Revenue Cash Operations teams. AdvertisementA Google spokesperson confirmed the cuts but declined to elaborate on the number of affected staff. "As we've said, we're responsibly investing in our company's biggest priorities and the significant opportunities ahead," said a Google spokesperson. They said that impacted employees could apply for open roles inside Google.

Persons: —, Ruth Porat, we've, Sundar Pichai Organizations: Service, Google's Treasury, Business Services, Cash, Business, Google, BI Locations: Bangalore, Mexico City, Dublin, India, Atlanta

☆ Google restructures finance team as a part of AI shift, CFO tells employees in memo
▼ + stars: | 2024-04-17 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

"The tech sector is in the midst of a tremendous platform shift with Al," Porat wrote in the memo, obtained by CNBC, that was sent to employees in finance. The restructuring will impact finance teams domestically and abroad, including in the Asia Pacific region and Europe, the Middle East and Africa, Porat noted. "Over the past year, we have talked about creating hubs of Fin'ooglers around the world that are vibrant and have a strong culture," Porat wrote. "As we've said, we're responsibly investing in our company's biggest priorities and the significant opportunities ahead," a Google spokesperson told CNBC in an email. WATCH: Google Cloud CEO says company is monetizing AI in a variety of ways

Persons: Ruth Porat, Porat, Sundar Pichai, we've Organizations: Google, CNBC, San Francisco Bay Area Locations: Asia, Europe, East, Africa, Bangalore, Mexico City, Dublin, Chicago, Atlanta, San Francisco Bay, Fin'ooglers

☆ A 32-year-old entrepreneur launched a clothing company in college with $500 and grew it to seven figures. He explains what type of business he would build in 2024 if he had to start over.
▼ + stars: | 2024-04-06 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The young entrepreneurs started "brokering deals through text messages," Shanadi told Business Insider. Related stories"We realized quickly that we have to invest in technology to support the growth of this business," he said. If he lost everything and had to start a business from scratch in 2024, he'd think about other industries that are underserved with regard to tech. The more people you talk to, the better you'll understand if it's a common industry problem, he noted.

Persons: —, Karthik Shanadi, Luke McGurrin, Shanadi, he'd, they're Organizations: Service, University of Florida, Business, House Locations: Bangalore

☆ How India is challenging China as Asia's tech powerhouse
▼ + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +30 min

New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?

Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany

☆ 2 college friends who started selling custom T-shirts on campus with a $500 budget explain how they grew their fraternity-house merch project into a seven-figure business
▼ + stars: | 2024-04-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

By the time Shanadi started his freshman year at the University of Florida, he had nearly a decade of work under his belt. His first brand, Greek House, while "a little bit of an accident," admitted Shanadi, was set in motion. It allowed him and McGurrin to launch Greek House with the limited savings they had. They dedicated weeknights and weekends to growing Greek House. Quitting corporate America, living on $1,000 a month, and learning from a $33,000 mistakeIn 2016, Shanadi quit his job to go all-in on Greek House.

Persons: Karthik Shanadi, Shanadi, Luke McGurrin, Luke, McGurrin, We'd, LUKE SIRIMONGKHON, Brian Chesky, that's, we've, we're Organizations: Business, University of Florida, New, Amazon, House, of Florida, Follett, Dick's Sporting Goods Locations: Bangalore, India, Orlando, New York City, Florida, California, Bay, Los Angeles, America, Salesforce, LA

☆ India’s Silicon Valley Faces a Water Crisis That Software Cannot Solve
▼ + stars: | 2024-03-31 | by ( Damien Cave | Atul Loke | ) www.nytimes.com time to read: 1 min

The water tankers seeking to fill their bellies bounced past the dry lakes of India’s booming technology capital. Their bleary-eyed drivers waited in line to suck what they could from wells dug a mile deep into dusty lots between app offices and apartment towers named for bougainvillea — all built before sewage and water lines could reach them. At one well, where neighbors lamented the loss of a mango grove, a handwritten logbook listed the water runs of a crisis: 3:15 and 4:10 one morning; 12:58, 2:27 and 3:29 the next. “I get 50 calls a day,” said Prakash Chudegowda, a tanker driver in south Bengaluru, also known as Bangalore, as he connected a hose to the well. “I can only get to 15.”

Persons: bougainvillea, “, ”, Prakash Chudegowda Locations: Bengaluru, Bangalore

☆ Bangalore water crisis: India’s ‘Silicon Valley’ is running dry as residents urged to take fewer showers, use disposable cutlery
▼ + stars: | 2024-03-14 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

As layers of tarmac swept through the city, Bengaluru lost its ability to absorb water, Ramachandra said. One woman begins to hit the vessel to check its water levels. No one sparedWhile the city’s poorest are bearing the brunt of Bengaluru’s water crisis, it hasn’t spared the upper middle class either. Activists and BJP members hold empty water pots during a protest against the state government over the severe water crisis, in Bengaluru on March 12, 2024. Idress Mohammed/AFP/Getty ImagesYet, for the city’s residents, the tit-for-tat arguments mean little as they experience the worst of the shortages.

Persons: ”, Ram Prasat Manohar, Ramachandra, “, Karnataka Raj Bhavan, Arijit Sen, D.K, Shivakumar –, Vishwanathan, Idrees Mohammed, Kumkum, Idress Mohammed, Geeta Menon, hasn’t, India’s, Maher Taj Organizations: India CNN, Infosys, Wipro, Ecological Sciences, Bengaluru –, “, Hindustan Times, Getty, Private, Authorities, Susheela, CNN, Management, won’t, Reuters, Bharatiya Janata Party, BJP, Congress Locations: Bengaluru, India, India’s, Bandepalya, Bengaluru –, Bangalore, ”, Karnataka Raj, Karnataka, Whitefield, AFP

☆ I'm flying from India to Singapore with a friend to catch my first Taylor Swift concert. We've spent $1,700 on the trip so far.
▼ + stars: | 2024-03-02 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

Taylor Swift will be performing for six nights in Singapore, her only Eras Tour stop in Southeast Asia. She bought a $635 experience package, which includes two concert tickets and a one-night hotel stay. The first Taylor Swift song I heard was "Love Story" when I was 14. AdvertisementI'm very active in the Taylor Swift fandom, especially on X and Instagram. I paid 52,675 rupees, or about $635, for two concert tickets and a one-night stay at Capri China Square, a four-star hotel in Singapore.

Persons: Taylor Swift, Krishnakumar, —, Swaksha Krishnakumar, Taylor, we'll, I've, Swaksha Krishnakumar I've, I'm, it's Taylor, It's Organizations: Service, Ticketmaster Locations: Singapore, Southeast Asia, India, Bangalore, Asia, Tokyo, Manchester

☆ India approves three chip plants with over $15 billion in investments to realize semiconductor ambitions
▼ + stars: | 2024-03-01 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Researchers inside the semiconductor fabrication lab at the Centre for Nano Science and Engineering, at the Indian Institute of Science, in Bangalore on June 30, 2018. India has approved building three semiconductor plants with investments of more than $15 billion as the country aims to become a major chip hub. With these units, our country will develop capabilities in chip fabrication. Advanced packaging technologies will be indigenously developed in India," according to a government statement on Thursday. The factory will focus on the mature 28-nanometer technology, namely in industries such as automobiles, consumer electronics and defense.

Persons: Taiwan's Organizations: Nano Science, Engineering, Indian Institute of Science, U.S ., Tata Electronics, Semiconductor Manufacturing Corp, Tata Semiconductor Assembly Locations: Bangalore, India, U.S, Taiwan, South Korea, Dholera, Gujarat, Morigaon, Assam

AdvertisementNupur Dave thought her decision to retire at age 40 in 2022 was an easy one. But the reality of retiring early turned out quite different. AdvertisementSavings and financial independenceDave on her last day at a financial services company, where there is an early retirement advertisement. Nupur DaveBy retiring at 40, Dave became part of the FIRE — "Financial Independence, Retire Early" — community. Advertisement"The whole idea of FIREing was possible because I'm in India," Dave said.

Persons: Nupur Dave, wasn't, Dave, Dave Dave, FIREing, Jovan Johnson, Gwendolyn Merz, Merz, Michelle Jackson, you've Organizations: FIRE, Google, Independence, BI Locations: Bangalore, India, Atlanta, San Francisco, Illinois, Asia

The hefty Davos promotions come after India surpassed China last year as the world's biggest country by population. Now India is touting its growing strength as a nation of innovation and as a global business hub in front of some of the world's richest and most powerful people. "As China's economy slows down, India's relatively rapid growth stands out as a clear opportunity for investors in Davos looking for bright spots." "We had an all-time revenue record in India," Apple CEO Tim Cook said on the company's latest earnings call in November, in response to an analyst's question about the company's momentum there. Hidary said Indian billionaire Mukesh Ambani's smartphone company Jio will serve about 600 million people in India through a $12 device.

Persons: There's, Ravi Agrawal, Agrawal, Narendra Modi, that's, Tim Cook, Apple Tim Cook, Punit Paranjpe, Jack Hidary, Hidary, Mukesh, Ambani Organizations: India Engagement, Wipro, Infosys, Tata, Foreign Policy, CNN, CNBC, World Bank, International Trade Administration, Visual, Bank of India, Dell, HP, Lenovo, Apple, AFP, Getty, India, AMD, Nvidia, Micron, WEF Locations: DAVOS, Switzerland, Davos, India, China, CNN India, Maharashtra, Tamil Nadu, Telangana, Karnataka, U.S, Mumbai, Bangalore, Gujarat

U.S. Supreme Court Associate Justice Samuel A. Alito Jr. poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. Such a ruling also could frustrate policies favored by some Democrats, including Senator Elizabeth Warren, for a tax on the net worth - meaning all assets and not just income - of the super-rich. Alito defended the court in articles in the Wall Street Journal's opinion section. The Moores sued the U.S. government in 2019 challenging the mandatory repatriation tax. Circuit Court of Appeals threw out the case, noting that under Supreme Court precedent the "realization of income is not a constitutional requirement."

Persons: Samuel A, Alito Jr, Evelyn Hockstein, Samuel Alito, Charles, Kathleen Moore, Donald Trump, Moores, Elizabeth Warren, Alito, Alito's recusal, David Rivkin Jr, Andrew Chung, Will Dunham Organizations: Supreme, REUTERS, Rights, U.S, Competitive Enterprise Institute, Democratic, Moores, Street, Circuit, Thomson Locations: Washington , U.S, Redmond , Washington, Republican, Constitution's, Bangalore, India, San Francisco

☆ India's construction sector levels up as housing demand spurs economy
▼ + stars: | 2023-12-02 | by ( Manoj Kumar | ) www.reuters.com time to read: +5 min

That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies. It has been driven by rising incomes for many Indians, a severe housing shortage in big cities and strong population growth. Builders are bullish long-term with many saying the boom could last two to three years and some even more optimistic. "The housing market could continue to perform well for another three to four years," Sanjeev Jain, managing director at Parsvnath Developers, a leading real estate company, noting that India is in the initial stages of a housing growth cycle. The government is also trying to boost the availability of affordable housing by providing subsidies, which is encouraging construction in India's smaller towns and cities.

Persons: Nifty, Sunil Sinha, Sanjeev Jain, Prashant Thakur, Jayesh Rathod, Narendra Modi's, Manoj Kumar, Nigam, Ira Dugal, Edwina Gibbs Organizations: DELHI, Fitch, Builders, Parsvnath Developers, Reuters, Graphics, Advisory, Prestige Estates, DLF, Reuters Graphics, Thomson Locations: India, China, Mumbai, New Delhi, Bangalore, rocketed, Thane, Tamil Nadu, Karnataka, Gujarat

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 29 (Reuters) - Cigna (CI.N) and Humana (HUM.N), two of the biggest U.S. health insurers, are in talks for what could be the largest merger announced in 2023, according to a source familiar with the matter. A Humana and Cigna combination would give the merged company the scale to rival UnitedHealth Group (UNH.N) and CVS Health (CVS.N). In July 2016, the Justice Department filed lawsuits against two health insurance mergers on the same day, saying they would lead to less competition and higher prices for Americans. Health insurers have been facing higher medical costs as people return for procedures they had put off during the pandemic. Humana in February said that it would sell its commercial business but keep its Medicare Advantage products.

Persons: Andrew Kelly, Cigna, Cigna's, Aetna, Bill Baer, Andre Barlow of Doyle, Barlow, Mazard, Bernstein, Lance Wilkes, Craig Garthwaite, Manas Mishra, Diane Bartz, Deena Beasley, Caroline Humer, Bill Berkrot Organizations: Humana Inc, REUTERS, Street Journal, UnitedHealth, CVS Health, Humana’s, Medicare, Affordable, Justice Department, Humana, U.S ., Reuters, Northwestern University, Thomson Locations: Queens , New York City, U.S, Cigna, Bengaluru, Washington, Los Angeles

To be sure, China is still Walmart's biggest country for importing goods. "We want the best prices," Andrea Albright, Walmart's executive vice president of sourcing said in an interview. Walmart has been accelerating growth in India since 2018, when it bought a 77% stake in Indian e-commerce firm Flipkart. Its rapidly growing workforce and technological advancement were a draw for Walmart, Albright said. The rising cost of shipping goods from China has also contributed to the switch to India, supply chain experts say.

Persons: Eduardo Munoz, Andrea Albright, we're, Albright, Doug McMillon, Narendra Modi, Modi, McMillon, Rajesh Kharabanda, Chris Rogers, Shekhar Gupta, Devgiri, Richa Naidu, Siddharth Cavale, Casey Hall, Manoj Kumar, Matthew Scuffham, Sharon Singleton Organizations: Walmart, REUTERS, Companies Walmart, Reuters, Flipkart, Walmart Global Tech India, Indian, Amazon, Freewill, P, Thomson Locations: Teterboro , New Jersey, U.S, India, China, United States, Washington, Beijing, Thailand, Vietnam, Bangalore, Pakistan, Bangladesh, Mundra Port, Gujarat

Robotic arms assemble cars in the production line for Leapmotor's electric vehicles at a factory in Jinhua, Zhejiang province, China, April 26, 2023. China Daily via REUTERS/File Photo Acquire Licensing RightsBEIJING, Nov 29 (Reuters) - China's manufacturing activity likely contracted for a second consecutive month in November, a Reuters poll showed on Wednesday, keeping alive calls for further stimulus measures as factory owners struggle for orders both at home and abroad. A flurry of policy support measures has had only a modest effect, raising pressure on authorities to roll out more stimulus. The private Caixin factory survey will be issued on Friday, and analysts expect its reading to edge up to 49.8 from 49.5 in October. Reporting by Joe Cash; Polling by Susobhan Sarkar and Devayani Sathyan in Bangalore; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Cash, Susobhan Sarkar, Devayani, Kim Coghill Organizations: REUTERS, Rights, PMI, Thomson Locations: Jinhua, Zhejiang province, China, Rights BEIJING, Japan, Bangalore

Shein has not determined the size of its offering or the valuation at IPO, the sources said. Shein, Goldman and JPMorgan declined to comment, while Morgan Stanley did not immediately respond to a request for comment. The most valuable China-founded enterprise to go public in the United States so far is ride-hailing giant Didi Global's (92Sy.MU) debut in 2021 at $68 billion valuation. In 2021, the comparable number was $300 billion when the IPO market was close to its peak. Fast fashion retailers have been gaining popularity in the United States, with Shein taking away market share from the likes of Gap (GPS.N) as shoppers look for fresher styles.

Persons: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Shein, Goldman, Didi Global's, Jason Benowitz, David, Dee, Delgado, CSRC, Simon Property, Sumeet Singh, It's, Pritam Biswas, Ananya Mariam Rajesh, Kane Wu, Anirban Sen, Rishabh, Scott Murdoch, Miyoung Kim, Stephen Coates Organizations: Amazon, JPMorgan, Bloomberg, Arm Holdings, Roosevelt, REUTERS, China Securities Regulatory Commission, U.S, Reuters, Securities and Exchange Commission, SPARC Group, Forever, Brands, Simon, Aequitas Research, China's Shanghai Securities, Street, Thomson Locations: United States, China, U.S, Singapore, New York City, Shein, Bengaluru, Hong Kong, New York, Sydney

☆ China's Nov Factory Activity Likely Contracted for Second Month
▼ + stars: | 2023-11-28 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Joe CashBEIJING (Reuters) - China's manufacturing activity likely contracted for a second consecutive month in November, a Reuters poll showed on Wednesday, keeping alive calls for further stimulus measures as factory owners struggle for orders both at home and abroad. A flurry of policy support measures has had only a modest effect, raising pressure on authorities to roll out more stimulus. Profit growth at China's industrial firms shrank back to the low single digits last month, following an 11.9% increase in September and a 17.2% gain in August, which analysts attributed to volatile input costs. Both new export and import orders shrank in October. (Reporting by Joe Cash; Polling by Susobhan Sarkar and Devayani Sathyan in Bangalore; Editing by Kim Coghill)

Persons: Joe Cash, Susobhan Sarkar, Devayani, Kim Coghill Organizations: Joe Cash BEIJING Locations: China, Japan, Bangalore

☆ Amazon announces new data center chip as Microsoft rivalry intensifies
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

The logo of Amazon is seen at the company's logistics centre in Boves, France, October 6, 2021 REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsNov 28 (Reuters) - Amazon.com (AMZN.O) on Tuesday introduced its newest data center chip for its cloud computing service as competition with Microsoft (MSFT.O) to dominate the market for artificial intelligence heats up. At a conference in Las Vegas, Amazon Web Services Chief Executive Adam Selipsky announced Graviton4, the cloud firm's fourth custom central processor chip, which it said is 30% faster than its predecessor. The news comes weeks after Microsoft announced its own custom chip called Cobalt designed to compete with Amazon's Graviton series. Reporting by Yuvraj Malik in Bangalore and Stephen Nellis in San FranciscoOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal, Adam Selipsky, Graviton4, Amazon's, Yuvraj Malik, Stephen Nellis Organizations: Microsoft, Web Services, Thomson Locations: Boves, France, Las Vegas, Bangalore, San Francisco

[1/2] The company logo for Choice Hotels is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 27 (Reuters) - Choice Hotels International (CHH.N) is preparing to nominate directors to the board of rival Wyndham Hotels & Resorts (WH.N), seeking to break a stalemate in an $8 billion takeover battle, people familiar with the matter said. This gives Choice the right to nominate directors to Wyndham's board come January. It is also preparing to launch a tender offer for Wyndham's shares that would show Wyndham's investors that there is a firm offer on the table, according to the sources. Rockville, Maryland-based Choice operates nearly 7,500 hotels in 46 countries, including brands such as Radisson, Country Inn & Suites, and Cambria Hotels.

Persons: Brendan McDermid, Wyndham, Parsippany, Pat Pacious, Stephen Holmes, Anirban Sen, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, Wyndham Hotels & Resorts, Ramada, Wyndham, Cambria Hotels, Choice, Thomson Locations: New York, U.S, United States, Parsippany , New Jersey, Rockville , Maryland, Radisson, Cambria

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, and Shein could go public sometime in 2024, the sources said. Shein has been planning to go public for the last few years, but halted plans almost twice since then. The fast-fashion giant's decision now comes at a time when the broader market for new issues remains laggard. Fast fashion retailers have been gaining popularity in the United States, with Shein taking away market share from the likes Gap (GPS.N) as shoppers look for fresher styles and trendier clothing. Shein's confidential IPO was first reported by the Wall Street Journal earlier on Monday.

Persons: David, Dee, Delgado, Shein, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Didi Global's, Simon Property, Pritam Biswas, Ananya Mariam Rajesh, Anirban Sen, Rishabh Jaiswal, Arun Koyyur, Sherry Jacob, Phillips Organizations: REUTERS, Reuters, JPMorgan, chipmaker Arm Holdings, New York Stock Exchange, Nasdaq, SPARC Group, Forever, Brands, Simon, Wall Street, Thomson Locations: New York City, U.S, China, United States, Singapore, Bengaluru, New York

☆ Help! Our Trip to Orlando Was Ruined and We Want Our Money Back.
▼ + stars: | 2023-11-24 | by ( Seth Kugel | More About Seth Kugel | ) www.nytimes.com time to read: +2 min

The trip included three domestic flights over five days on Frontier Airlines: Philadelphia to Orlando, Orlando to Atlanta, and Atlanta back to Philadelphia. The total cost for four people on three flights was an affordable $939.75, including a $99.99 “Discount Den” membership on Frontier. We were given a QR code at the Philadelphia airport to file for a refund, which we did for all three flights. Since Frontier does not operate in India, the credit and vouchers are useless. Yet it turns out the email was trying to inform you that a refund was coming.

Persons: Hari, Jennifer de la Cruz Organizations: Universal Studios, Frontier Airlines, Frontier, Universal, Transportation Locations: India, United States, Orlando, Fla, Philadelphia, Atlanta, Hari, Bangalore

☆ Indian shares set for muted opening; TCS, Cipla in focus
▼ + stars: | 2023-11-20 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBANGALORE, Nov 20 (Reuters) - Indian shares are set to open on a slightly muted note on Monday, with a focus on the global interest rate outlook after a more than 3% rally so far this month. The NSE Nifty 50 index (.NSEI) gained 1.58% last week, its best in two months, while the Sensex rose 1.37%. "Market is expected to continue its upward movement driven, by robust macro data and diminishing global concerns," SMC Global Securities said in a note. In global markets, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged up 0.3%, with investors awaiting minutes of the Fed's last meeting.

Persons: Francis Mascarenhas, Nifty, Sohini Goswami Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, U.S . Federal, SMC Global Securities, India's Tata Consultancy Services, United, United States Food, Drug Administration, CFM Mozambique, General Tax Authority, Sethuraman NR, Thomson Locations: Mumbai, India, Rights BANGALORE, Asia, Pacific, Japan, United States, Qatar, Bengaluru

Search resuls for: "Bangalore"

25 mentions found