New York: JCPenney said Thursday it plans to spend more than $1 billion by the end of 2025 in a bid to revive the storied but troubled 121-year-old department store chain. The money is going toward remodeling JCPenney stores, upgrading its online shopping site and app, and making its supply network more efficient so that…
Lululemon Athletica said on Thursday its third quarter was “off to a solid start” as the North American business improves, and the yogawear maker lifted its annual profit and revenue forecasts for a second time. Shares in the company rose 1.6% in extended trading on the positive commentary. They had fallen some 4% in choppy…
NEW DELHI: Energy prices in Pakistan have been increased to an all-time high even as protests continue to grow over skyrocketing inflation and high electricity bills, with people burning utility bills, blocking highways and attacking offices of power companies. On August 31, caretaker prime minister Anwaarul Haq Kakar’s government refused to slash energy prices without…
NEW DELHI: The seventh stealth frigate under the Indian Navy‘s Project 17 A, Mahendragiri, launched on Friday. Built at Mazagon Dock Shipbuilders Ltd (MDL), the vessel was developed as part of the push towards the Aatmnirbhar Bharat idea.“Mahendragiri a technologically advanced warship stands as a symbol of India’s determination to embrace its rich naval heritage,…
Representative Image Mumbai: Readymade garment manufacturer and exporter Gokaldas Exports Ltd (GEL) on Tuesday said it has entered into an agreement through its wholly-owned subsidiaries to acquire Atraco Group for USD 55 million. Headquartered in Dubai, apparel manufacturer Atraco operates with a network of four manufacturing units in Kenya and one in Ethiopia producing about…
Representative Image New Delhi: Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday. The company will raise funds on a private placement basis, Aditya Birla Fashion and Retail (ABFRL) said in a regulatory filing. “The Company proposes to raise funds…
The government on Thursday extended by two months till October 31, the date of inviting fresh applications under the performance-linked incentive (PLI) scheme of textiles for manmade fiber apparel, fabrics, and products of technical textiles. The textile ministry had in July reopened the PLI scheme portal till August 31 “in view of the requests from…
MUMBAI: In an indication of the weight newly inducted deputy CM Ajit Pawar holds in the cabinet, the government this week dropped BJP minister Radha Krishna Vikhe-Patil from the all-important cabinet committee on infrastructure while adding Ajit Pawar and Dilip Walse-Patil of NCP to it.The committee, headed by CM Eknath Shinde, approves all major infrastructure…
NEW DELHI: As the Indian cricket team prepares for their opening match against Pakistan in the Asia Cup on September 2, one of the pivotal questions remains over the batting slot for left-handed wicketkeeper-batter Ishan Kishan. With KL Rahul unavailable for the first two games of the tournament, Kishan is set to step into the…
Johannesburg: South African retailer Woolworths said on Wednesday it planned to spend 10 billion rand ($538 million) in capital expenditure over the next three years as it seeks to strengthen margins. The capex will be aimed at capacity enhancement and improved customer experience, the food and fashion retailer’s Head of Finance Zaid Manjra told analysts….
