Starbucks workers at more than 100 US stores are on strike on Thursday in their largest labour action since a campaign to unionize the company’s stores began late last year. The walkouts coincide with Starbucks’ annual Red Cup Day, when theStarbucks workers at more than 100 US stores are on strike on Thursday in their largest labour action since a campaign to unionize the company’s stores began late last year. The walkouts coincide with Starbucks’ annual Red Cup Day, when the
Tag: business
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FEMA Violation: HC Reserves Verdict, On Xiaomi Plea
The Karnataka High Court has reserved its judgement on the plea filed by Chinese technology firm, Xiaomi challenging the order passed by the Enforcement Directorate (ED), seizing Rs 5,551 crore in its bank accounts for alleged violation of FEMA rules. JusticeThe Karnataka High Court has reserved its judgement on the plea filed by Chinese technology firm, Xiaomi challenging the order passed by the Enforcement Directorate (ED), seizing Rs 5,551 crore in its bank accounts for alleged violation of FEMA rules. Justice
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Softbank Sells 4.5 Pc In Paytm, For Rs 1,631 Crore
Softbank on Thursday divested 4.5 per cent stake in Paytm’s parent One97 Communications for Rs 1,631 crore through an open market transaction. Earlier this month, the lock-in period ended for the pre-offer investors that had invested in Paytm, which was listedSoftbank on Thursday divested 4.5 per cent stake in Paytm’s parent One97 Communications for Rs 1,631 crore through an open market transaction. Earlier this month, the lock-in period ended for the pre-offer investors that had invested in Paytm, which was listed
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Gaming Industry To Add 1 lakh New Jobs, In FY23: Report
The gaming industry is likely to add one lakh new jobs by 2022-23, across domains, including programming, testing, animation and design, according to a report. The sector is likely to grow by 20-30 per cent and add one lakh direct andThe gaming industry is likely to add one lakh new jobs by 2022-23, across domains, including programming, testing, animation and design, according to a report. The sector is likely to grow by 20-30 per cent and add one lakh direct and
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Medi Assist Acquires Majority Stake In UK-based ‘Mayfair We Care’
Medi Assist Healthcare Services Ltd (Medi Assist), has announced its acquisition of a majority stake in Mayfair We Care (Mayfair), a UK based healthcare focused administration service provider with presence across the world. The partnership will allow Medi Assist to expandMedi Assist Healthcare Services Ltd (Medi Assist), has announced its acquisition of a majority stake in Mayfair We Care (Mayfair), a UK based healthcare focused administration service provider with presence across the world. The partnership will allow Medi Assist to expand
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Fed Official Suggests Substantial Rate Hikes, May Be Needed
The Federal Reserve may have to raise its benchmark interest rate much higher than it has previously projected to get inflation under control, James Bullard, who leads the Federal Reserve Bank of St. Louis, said Thursday. Bullard’s comments raised the prospectThe Federal Reserve may have to raise its benchmark interest rate much higher than it has previously projected to get inflation under control, James Bullard, who leads the Federal Reserve Bank of St. Louis, said Thursday. Bullard’s comments raised the prospect
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UK Push, To Restore Finances Means Higher Taxes, Energy Bills
Millions of people across Britain face higher taxes and energy bills after the government on Thursday announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation. Treasury chief Jeremy Hunt unveiled aMillions of people across Britain face higher taxes and energy bills after the government on Thursday announced an emergency budget focused on restoring the country’s financial credibility and bolstering an economy battered by soaring inflation. Treasury chief Jeremy Hunt unveiled a
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Polarisation In Performance Of Indian Banks, To Persist: S&P
Polarisation in the performance of Indian banks will persist as many large public sector banks are still saddled with weak assets, high credit costs, and poor earnings, S&P Global Ratings said on Thursday. It said State Bank of India and leadingPolarisation in the performance of Indian banks will persist as many large public sector banks are still saddled with weak assets, high credit costs, and poor earnings, S&P Global Ratings said on Thursday. It said State Bank of India and leading
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2 Small & Micap Cap Stocks To Buy, Where Sharekhan Sees Good Upside Potential
Broking firm Sharekhan has a buy call on the stocks of Hitech Pipes and Nippon Life India, where it sees a good upisde potential in both these stocks.
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Blackstone To Pick Up Majority Stake, In R Systems International For USD 359 Mn
American private equity giant Blackstone on Thursday said it will pick up majority stake in digital services firm R Systems International for USD 359 million or Rs 2,904 crore. Blackstone has signed definitive agreements with Satinder Singh Rekhi and other promotersAmerican private equity giant Blackstone on Thursday said it will pick up majority stake in digital services firm R Systems International for USD 359 million or Rs 2,904 crore. Blackstone has signed definitive agreements with Satinder Singh Rekhi and other promoters