Business

Kushal’s Fashion Jewellery Unveils First Store In Guwahati with Famed Actress Barsha Rani Bishaya
09 May

Kushal’s Fashion Jewellery Unveils First Store In Guwahati with Famed Actress Barsha Rani Bishaya

Business CorrespondentBusiness
Kushal’s, India’s leading fashion and silver jewellery brand, announced the grand opening of its 1st store in Guwahati, Assam. This exclusive event, graced by the presence of Barsha Rani Bishaya, popular actress in Assamese cinema, marked a significant milestone for the brand's journey. Her star-studded charm, coupled with her acclaimed performances in movies and TV shows, added a touch of glamour to the event, making it a memorable affair. Located in the bustling heart of the city, the brand’s latest store at GS Road, sprawling over 1300 sq feet, is a haven for fashion enthusiasts. Offering a unique shopping experience,…
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Smart and Sustainable MG Comet EV Drive Reaches Guwahati
24 Feb

Smart and Sustainable MG Comet EV Drive Reaches Guwahati

Business BureauBusiness
The Smart and Sustainable MG Comet EV Drive has reached Guwahati, marking the company's commitment to creating sustainable, practical, and economical mobility solutions for cities like Guwahati. The Comet EV, launched last year by MG Motor India, is the second EV in the company's portfolio with futuristic and user-friendly smart technologies. Its practical design makes it easy to drive, maneuver, and park in congested areas, making it an ideal city car. The Comet EV offers a unique, sleek design, advanced connectivity, and entertainment features that set it apart from other EVs in India. It also comes with active and passive…
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Bernard Arnault overtakes Elon Musk as World’s richest
29 Jan

Bernard Arnault overtakes Elon Musk as World’s richest

Priyanka BhowmickBusiness, International
Moet Hennessy Louis Vuitton (LVMH) chairman and CEO Bernard Arnold has overtaken Elon Musk to become the world's richest man. According to Forbes, the French billionaire and his family's net worth increased by $23.6 billion to $207.6 billion. On Friday, Mr. Arnault's net worth exceeded the Tesla CEO's $204.7 billion net worth, which fell 13 percent with Mr. Musk losing more than $18 billion, the report added. The two billionaires have been engaged in a tug-of-war of wealth since 2022, with Mr Arnault said to have taken the top spot later that year. The report revealed that the market capitalization…
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Zomato-backed Cult.fit lays off 150 employees: Report
24 Jan

Zomato-backed Cult.fit lays off 150 employees: Report

Priyanka BhowmickBusiness, India,
Health and wellness platform Cult.fit (formerly Cure.fit) has laid off about 150 employees. This is the first layoff at the Bengaluru-based firm in three-and-a-half years. According to sources, the layoffs have affected employees across the department. "130-150 senior to mid-level employees were affected in the exercise," said a source requesting anonymity. Sources stressed that the layoffs are mainly to increase runways and cut costs. However, the company has denied any such reasons. A company spokeswoman said in a statement that it had "reduced some redundant positions to streamline operations." The move is part of a "regular annual operating planning process."…
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Google has laid off these YouTube employees: Report
18 Jan

Google has laid off these YouTube employees: Report

Priyanka BhowmickBusiness, India
Google has laid off more than 1,000 employees across various departments since January 10. The announcement came in the form of an internal memo from CEO Sundar Pichai, who warned employees to brace themselves for additional cuts in the future, as reported by The Verge. Pichai addressed the entire Google workforce on Wednesday, revealing, "We have ambitious goals and will invest in our big priorities this year." The CEO acknowledged the challenges ahead, saying, "The reality is that to build this investment capacity, we have to make difficult choices." The impact of these "tough choices" has already been felt across…
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Apple is removing the blood oxygen app from Apple Watch Series 9 and Ultra 2 in US
17 Jan

Apple is removing the blood oxygen app from Apple Watch Series 9 and Ultra 2 in US

Priyanka BhowmickBUSINESS, India,
Apple Inc. It is considering removing the blood oxygen sensor from its latest smartwatches - the Series 9 and Ultra 2 - to get a US ban on the devices if an appeal against the decision fails. Apple is pursuing a bid to overturn a US ruling that blocked use of its technology. According to reports, the US Customs and Border Protection has approved the potential redesign of Apple Smartwatches Series 9, and Ultra 2 sans that blood-oxygen sensor. According to reports, US Customs and Border Protection has approved a potential redesign of the Apple smartwatch Series 9 and Ultra…
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Citigroup to cut 20,000 jobs amid restructuring
13 Jan

Citigroup to cut 20,000 jobs amid restructuring

Priyanka BhowmickBUSINESS, India,
Citigroup plans to cut 20,000 jobs over the next few years as part of a corporate restructuring designed to boost profits and return cash to shareholders, the U.S. bank said Friday.The downsizing came in a presentation released alongside the New York-based lender's fourth-quarter results in which it reported a big loss. The move would put the headcount at about 180,000 by the 2026 deadline, down from 240,000 at the end of 2022 -- while also reflecting the expected spinoff of Citi's Mexico subsidiary, Banamex. Citi Chief executive Jane Fraser unveiled a corporate overhaul with five business lines instead of two.…
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Starbucks aims to expand presence to 1,000 stores in India by 2028
10 Jan

Starbucks aims to expand presence to 1,000 stores in India by 2028

Priyanka BhowmickBusiness, India,
Starbucks CEO Laxman Narasimhan, who was on a recent visit to India, announced some big plans for the brand in the country. Narasimhan announced an ambition to operate 1,000 stores in India by 2028 – or opening a new store every three days. "We will bring the signature Starbucks experience to more customers and communities, including drive-through and airport stores, and we will double our partner base," he said in a statement on social media. Starbucks currently operates over 390 stores across 54 cities in India in a 50:50 partnership with Tata Consumer Products since 2012. He also announced the…
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Rich Indians lap up Rs 7,200 cr luxury homes in 3 Days
09 Jan

Rich Indians lap up Rs 7,200 cr luxury homes in 3 Days

Priyanka BhowmickBusiness, India,
Despite the rise in real estate prices, several buyers in India are ready to pay for their dream homes. In the pre-formal launch sale of a luxury residential development worth around Rs 7,200 crore in Gurugram, Indians bought homes in just 72 hours. India's largest real estate developer, DLF, on Monday, announced the sale of the entire 1,113 luxury flats for Rs 7,200 crore in a project in Gurugram (DLF Prevana South) within three days of its pre-launch on strong demand from end-users and investors including NRIs. The new project is spread over 25 acres in Sectors 76 and 77…
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Flipkart to lay off 5-7% workforce
08 Jan

Flipkart to lay off 5-7% workforce

Priyanka BhowmickBusiness, India,
Walmart-owned Flipkart has embarked on a retrenchment initiative that could reduce its total workforce by five to seven percent, according to a report in The Economic Times (ET). The move is part of the company's annual performance-based job cuts, which have been in effect for the past two years. The process is expected to be completed by March-April in line with the ongoing performance review and the end of the current financial year. The e-commerce giant, with 22,000 employees (excluding Mintra), has been proactively managing costs, including adding new hires over the past year. Currently, the company is finalizing a…
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