Business
October 18, 2024
6 views 5 mins 0

Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company’s organic sales in Greater China, its second-largest market, fell 15% in the fiscal first quarter. As home prices drop and jobless rates rise in the country, shoppers have pulled back their spending, hurting P&G’s sales […]

Business
October 18, 2024
3 views 5 mins 0

Interest Rate Cut Likely Soon? RBI Governor Drops Major Hint

New Delhi: The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Friday said that interest rate cut at this stage will be ‘premature, and very, very risky’. Speaking at the fireside chat at the India Credit Forum event in Mumbai by Bloomberg, Governor Das warned against any premature interest rate cuts when inflation risk […]

Business
October 18, 2024
4 views 10 mins 0

RBI governor Shaktikanta Das: Rate cut now is very risky

Das has repeatedly said the RBI wants to see inflation settling around the 4% target level on a durable basis before considering a cut. India’s central bank governor Shaktikanta Das said an interest rate cut at this stage would be “very, very risky” and he’s in no hurry to join the wave of easing by […]

Business
October 18, 2024
5 views 5 mins 0

Eruditus bags $150 million funding at $3.1 billion valuation

MUMBAI: Edtech startup Eruditus has raised a fresh $150 million in funding led by TPG even as the collapse of India’s biggest edtech startup Byju’s continues to deter investors from making heavy investments in the segment. The company’s existing investors SoftBank (through Vision Fund 2), Accel, Chan Zuckerberg Initiative, Leeds Illuminate and CPP Investments also […]

Business
October 18, 2024
4 views 2 mins 0

Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues

Airplane fuselages bound for Boeing’s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019. Nick Oxford | Reuters Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, […]

Business
October 18, 2024
3 views 8 mins 0

Rate cut at this stage will be premature and very very risky, says RBI Governor

NEW DELHI: The Reserve Bank of India’s (RBI) governor Shaktikanta Das on Friday said that interest rate cut at this stage will be ‘premature, and very, very risky’.Speaking at the fireside chat at the India Credit Forum event in Mumbai by Bloomberg, governor Das warned against any premature interest rate cuts when inflation risk is […]

Business
October 18, 2024
2 views 4 mins 0

Alarming Spike: Heart-Related Insurance Claims Double In 5 Years, Average Claim Size Triples

The highest claim size recorded last year for heart-related treatment was around ₹50 lakhs. (Representative image) The data reveals significant shifts in the age demographics of individuals making heart-related insurance claims. In the past five years, heart-related insurance claims have doubled, while the average claim size has surged by three times, according to data from […]