Centre’s priority is to tame inflation: Finance minister Nirmala Sitharaman – Times of India

NEW DELHI: Union finance minister Nirmala Sitharaman on Friday said that taming inflation to ensure sustained economic growth is the Centre’s “priority”.She was addressing the B20 Summit India, being hosted by the Confederation of Indian Industry (CII).During her speech, the minister said that elevated interest rates for considerable time hampers recovery, adding that her “priority…

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Gap eyes weak third-quarter sales as consumer spending weakens – ET Retail

Representative Image Gap Inc on Thursday forecast a steeper-than-expected decline in current-quarter sales after missing expectations in the second quarter, hit by slowing demand for its accessories and apparel as budget-strained American customers cut back on spending. Gap’s weak sales were on similar lines to the latest earnings and forecasts from retailers ranging from Macy‘s…

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Shoppers Stop MD and CEO resigns – ET Retail

Premier retailer Shoppers Stop Managing director and Chief Executive Officer, Venugopal G. Nair tendered his resignation with effect from the close of business hours of August 31, 2023, due to personal reasons, the company announced on Thursday. The board of directors accepted Nair’s resignation to enable him “to spend more time with his family and…

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