Shares of Foot Locker slumped about 27% on Wednesday after the retailer projected 2024 profit below Wall Street expectations, hurt by a planned ramp-up in investments across its business to boost demand. Despite a solid holiday quarter, Foot Locker said it would achieve its long-term profit margin target two years later, in 2028, dashing hopes…
NEW DELHI: In a possible first, the head of a prominent financial services company was offloaded from an international flight out of India for allegedly speaking rudely to the crew and arguing with them.It was only after receiving an assurance about her behaviour that the airline agreed to accommodate the passenger on the next available…
NEW DELHI: The matches against England’s ‘Bazballers’ posed perhaps the greatest test of Rohit Sharma‘s captaincy on home soil but not only did the Indian skipper excel in leading his team, but he also gained valuable insights into his leadership abilities during what he termed as a ‘series of comebacks’.In the four Tests played so…
Westside, a department store by Tata‘s Trent which houses around 20 private labels, is planning to expand its beauty segment along with increasing its share from e-commerce, Shailina Parti, COO at Trent Ltd. told ETRetail. The brand, which on average opens 30 stores each year, is expanding the area dedicated to beauty by 3x in…
Alok Industries has raised Rs 7,000 crore from parent Reliance Industries and two lenders – Axis Bank and State Bank of India, according to various disclosures by the company and people with knowledge of the matter. The textile manufacturer raised Rs 3700 crore in the form of term loans and working capital loans from banks,…
NEW DELHI: Two trainee pilots were injured as a small aircraft of the Indian Army landed on a field in Bihar’s Gaya district on Tuesday morning. The microlight aircraft of the Army’s Officers’ Training Academy (OTA) landed on the field in Paharpur around 9.15 am.“During the training session, the aircraft experienced a malfunction and caused…
PRAYAGRAJ: Allahabad high court has directed a Varanasi court to decide, “preferably within eight weeks”, a petition seeking unrestricted right to worship the purported Shivling found inside Gyanvapi mosque premises in May 2022.This application was filed before Varanasi’s civil judge (senior division) in a petition seeking a permanent injunction against Anjuman Intezamia Masjid (AIM) restraining…
NEW DELHI: Smriti Mandhana and Ellyse Perry blistering fifties were followed by all-round effort from the bowlers as Royal Challengers Bangalore eased past UP Warriorz by 23 runs to register third third win of the 2024 Women’s Premier League on Monday. After back-to-back defeats against Delhi Capitals and Mumbai Indians at home, RCB campaign got…
Mid-market consumer and healthcare-focused fund Lighthouse Funds, has invested Rs 229 crore in luggage maker Safari Industries through its recent fund Lighthouse India Fund IV AIF. Safari marks the second investment by Lighthouse from its newly raised fourth private equity fund. Sachin Bhartiya, co-founder and partner at Lighthouse Funds said: “The Indian luggage market is…
NEW DELHI: NEW DELHI: Delhi chief minister and AAP supremo Arvind Kejriwal has decided to appear before the Enforcement Directorate (ED) on March 12 in the excise police case. He will appear via video conference.This came after the ED sent the eighth summons to Kejriwal. “Delhi CM Arvind Kejriwal has sent a reply to the…
