Ola CEO Bhavish Aggarwal and Kunal Kamra’s Twitter war started after latter flagged Ola EV issue NEW DELHI: Ola Electric, India’s leading e-scooter manufacturer, witnessed a 9% drop in its stock price on Monday following a public dispute between the company’s founder Bhavish Aggarwal, and a well-known comedian Kunal Kamra. The controversy began when Indian…
Representative image Investors and analysts expect Nike to lower annual forecasts on Tuesday when it posts quarterly results, the company’s first earnings report since announcing a new CEO earlier this month. Elliott Hill, who spent 32 years at the sportswear giant before retiring in 2020, will return as top boss starting Oct. 14 to succeed…
MUMBAI: LIC plans to take the acquisition route to get into the health insurance business, said MD & CEO Siddhartha Mohanty.During the announcement of the company’s financial results for the first quarter, Mohanty said that the company is looking at an acquisition during the current financial year. “Rather than set up a vertical for insurance,…
Footwear major Bata India Limited is in talks with quick commerce companies to boost sales that have been flattish for the last few quarters amid the challenging environment. The company is in talks with two quick commerce companies to keep inventory at their dark store and offer 10 minutes delivery of items in demand. “The…
NEW DELHI: Domestic air travel has again touched all time highs this summer but growth has been capped by high fares caused by a serious capacity crunch. DGCA data shows about 1.4 crore people flew within the country this May, almost the same as the peak seen last December. However, growth is capped at about…
Luggage makers Samsonite, Safari and VIP Industries saw a significant decline in their growth rate as last year’s high base weighed on the March quarter earnings amid a weak wedding and travel season this year. Samsonite’s India business fell 10% year-on-year during the quarter compared to 108% growth a year ago, while Safari saw its…
CK Venkataraman “Actually, the intrinsic opportunity for the jewellery business of Titan is very-very strong. And I think post the election, there will be a certain stable demand as well,” says CK Venkataraman, MD, Titan Company.If I put the numbers in perspective for our viewers and looking at what brokerages have said, brokerages are of…
Neetu Kashiramka, MD, VIP Industries Neetu Kashiramka, MD, VIP Industries, says VIP has lost quite a lot of market share in the last three to four years but is geared up to get back the lost market share. A lot of work has been undertaken around products. Kashiramka says: “Our product will now compete directly…
