Profit by knowlytics
French retailer Carrefour has re-entered India through a partnership with Apparel Group. The company plans to open multiple stores across Delhi-NCR in the coming months. They will also expand into the western region by next summer. Carrefour is open to acquisitions to accelerate its growth strategy. The focus remains on profitable expansion and building a…
Truist raises Ollie’s Bargain Outlet price target on margin outlook
FCNR(B) deposits could boost banks’ return on equity despite a mild impact on net interest margins, according to Anand Rathi. Exemptions from reserve requirements, capital-efficient lending and longer tenors could improve returns. The brokerage analysed four scenarios, including deposit costs, leverage and rising rates, to assess the scheme’s benefits.
TechnipFMC stock hits all-time high of 80.55 USD
Smith & Nephew stock hits 52-week low at 28.55 USD
West Bengal’s Chief Minister warned schools about financial aid cuts for not singing Vande Mataram. He criticized past governments for allegedly destroying the education system and distorting curricula. The Chief Minister stated reforms are underway to restore Indian culture and nationalist values in schools. He also accused the previous government of banning the National Cadet…
Aaditya Thackeray denied links to Disha Salian’s death as the Bombay High Court ordered a CBI probe. FSSAI halted CG Foods’ Veg Bhujia production over alleged food safety violations. Mamata Banerjee alleged BJP-backed men vandalised a TMC office; six were arrested. Konda Surekha questioned her removal from Revanth Reddy’s cabinet, calling it vindictive. USS Abraham…
Microsoft dismissed two employees for orchestrating an unsanctioned protest at their campus. According to the National Labor Relations Board, the demonstration did not present a tangible workplace issue. The protest organizers were unable to establish a direct connection to employment conditions. Citing an old petition failed to establish relevance. Consequently, the board determined the protest’s…
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