Toy exporters, who began the financial year with strong dispatches due to early festive shipments and advance buying from US customers, are now having to cut prices and change packaging to cope with the slowdown. The slump comes after American buyers shifted to other sourcing markets following the United States’ decision to impose a 50%…
Infosys announced its latest round of performance-linked payouts for the September quarter, issuing bonus letters on Friday to employees across several job levels. The Bengaluru based company, which is also India’s second-largest in the IT sector, has granted an average bonus of 75% of the eligible or target amount for the period. Employees told ET…
Walmart is set to undergo a major leadership change, as the chief executive, Doug McMillon, will retire next year, after spending a little over 10 years at the position. The company has named John Furner, currently CEO and president of Walmart’s US operations, as his successor. Furner will assume the top job on February 1,…
Berkshire Hathaway has unveiled a new multibillion-dollar investment in Alphabet while continuing to scale back its long-running position in Apple, marking the final update of its portfolio before Warren Buffett steps down after 60 years as the chief executive. In a filing submitted to the US Securities and Exchange Commission on Friday, the company reported…
Will banks remain open today or closed today?Many banking customers are unsure about operations today because 15 November falls on a Saturday, which is commonly assumed to be a bank holiday. The confusion left a large number of people wondering if they should complete their banking work over the weekend or postpone it to a…
US President Donald Trump on Friday gave a sigh of relief to American consumers with the announcement of cutting tariffs on a range of products such as beef, coffee, tropical fruits and other commodities. This comes as a major shift in his trade policy as the White House moves to address rising costs for US…
MUMBAI: The sensex and Nifty sustained their positive momentum for the fourth consecutive day and settled with modest gains on Friday, aided by a buying rush in FMCG, banking and telecom sector shares. The sensex ended 84 points higher at 84,563, while Nifty went up 31 points to settle at 25,910. Both indices were off…
MUMBAI: Walmart-owned Flipkart will no longer charge any commission to sellers for products priced within Rs 1,000, which covers a broad selection of the product listings on the platform. In a move that analysts say has been taken to fend off competition from value commerce player Meesho, Flipkart will also not charge commission for any…
NEW DELHI: The new digital personal data protection law, that becomes operational after the passage of supporting rules, mandates companies handling digital data to immediately inform users and the newly-constituted data protection board about any breaches to drive transparency in data handling processes.As soon as the entity involved in the processing of personal data learns…
Switzerland on Friday announced plans to invest $200 billion in the US through 2028 after finalising an agreement with the Trump administration to sharply reduce tariffs on Swiss goods.Economy Minister Guy Parmelin said the US has agreed to bring tariffs on most Swiss products down to 15%, matching the rate imposed on the European Union,…
