There was a period early in the new century when the music recording industry was believed to be in its death throes. The industry had come to depend on overpriced CDs for their revenue and profits, but the iPod launched a digital download model, and then the iPhone put the nail in the coffin of physical distribution. (No one uses […]

What do drivers want in their new car in order to be satisfied? While drivers may put different emphasis on certain factors and vehicle characteristics, those include vehicle startup, driving feel, fuel efficiency, safety, comfort, exterior and interior appeal, infotainment system, and more. When drivers are not satisfied with these characteristics, motorists let carmakers know. (Also see, America’s least reliable […]

Sridhar Kalyanasundaram, an independent director of private sector lender Dhanlaxmi Bank, has resigned from the board with effect from September 16. In his resignation letter, Kalyanasundaram has raised issues like factionalism in the board, his differences regarding rights issue and the alleged ‘lack of in depth banking knowledge’ in other members. This comes after Ravindran Pillai, head of RP Group, […]

Anxiety ahead of the release of the consumer price inflation data from the U.S. on Wednesday dominated market sentiment across asset classes and regions. Besides the U.S. CPI readings, several economic data updates including Consumer and Business Confidence from Australia, Unemployment Rate and GDP from U.K., Economic Sentiment from Germany, Industrial Production and Retail Sales from China as well as […]

Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements. After underperforming its peers in the consumer space in 2022–23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased […]

Amid the ongoing conflict in Ukraine, the U.S. Air Force is actively engaged in bolstering NATO allies’ defense against potential further aggression. U.S. fighter jets, as part of the world’s premier air force, have been strategically deployed near the Baltic Sea region to safeguard NATO’s eastern borders. The United States Air Force stands as one of the globe’s most dominant […]

Private players continued to show strong momentum in the life insurance individual new business segment during August, 2023. On an aggregate, the industry registered 14 per cent growth year-on-year (Y-o-Y) compared to 15 per cent in July ‘23. Private players were up 21 per cent Y-o-Y, up from 16 per cent Y-o-Y in July ‘23, while public insurers’ growth was […]

The UAW has gone on strike because they want better pay since their employers are highly profitable. While not true by the numbers, it seems that way in absolute dollars. Ford made $1.9 billion in Q2 2022, versus $667 million the prior year. Total revenue also rose 12% to $45 billion. Ford may dispute the union’s profit characterization. If so, […]

Wilko will shut a further 28 stores after the end of trading on Thursday as the collapsed retailer continues with the closure of all its stores. The high street chain, which entered administration last month, started its first phase of closures by shutting 24 shops on Tuesday, with a total of 52 closing this week. All of Wilko’s 400 shops […]

EXCLUSIVE: The company that cuts a lot of Hollywood’s residual checks cut dozens and dozens of employees this week. Entertainment Partners laid off around 70 people in the past week, I hear. Hit by the economic downturn battering the entire industry due to the lack of a deal between the studios and striking guilds, the Mark Goldstein-led EP could be […]