David Enhorn pitches Peloton at the Robin Hood Investors Conference. Getty Images (L) | CNBC (R) Greenlight Capital’s David Einhorn thinks Peloton could trade as high as $31.50 a share if the company slashes costs, which could double its current adjusted EBITDA projections, CNBC has learned. That’s about five times the current price of its […]
Your support helps us to tell the story Read more This election is still a dead heat, according to most polls. In a fight with such wafer-thin margins, we need reporters on the ground talking to the people Trump and Harris are courting. Your support allows us to keep sending journalists to the story. The […]
In 2022, a report from American short-seller Hindenburg Research sent shockwaves through the Indian stock market with bold accusations against the Adani Group. Following the report’s release, Adani’s shares faced a steep decline. Among its claims, Hindenburg alleged that companies under the Adani Group had breached Securities and Exchange Board of India (SEBI) regulations concerning […]
Last Updated:October 25, 2024, 18:26 IST A comparison of disparity in income during AY15 and AY24 shows that there is a clear rightward shift in the income distribution curve, signifying people in lower income brackets are increasing their income to converge towards their share in population, says SBI. For people with income up to Rs […]
Coach and Michael Kors. Michael M. Santiago | Eduardo Parra | Europa Press | Getty Images A federal judge blocked Tapestry’s acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission’s motion for a preliminary injunction to block the proposed […]
NEW DELHI: Charting the path towards accelerating India’s goal of becoming a “Viksit Bharat” (Developed India) by 2047, the Indo Latin American Chamber of Commerce (ILACC) and VPVV Techno Construction Pvt. Ltd. have signed a $10 billion agreement at the Constitution Club of India.The collaboration aims to drive large-scale investments across various sectors in India, […]
Forterro Multimillionaire Dean Forbes says topping the list of influential black Britons is a “professional and career high” A man who was twice homeless as a teenager before becoming a multimillionaire entrepreneur has topped a list celebrating influential black Britons. Dean Forbes, who, after failing to make it as a professional footballer, began his career […]
Last Updated:October 25, 2024, 12:11 IST Union civil aviation minister K Rammohan Naidu said that the country will have 8,000 aircraft in the next 20 years. India is one of the world’s fastest-growing civil aviation markets. Highlighting the growth potential of India’s civil aviation space, Union Minister K Rammohan Naidu on Thursday said the country […]
London: Microsoft-owned professional networking platform LinkedIn was on Thursday fined 310 million euros (around $335 million) for privacy violations related to its tracking ads business. The Irish Data Protection Commission (IDPC) issued the under the European Union’s General Data Protection Regulation (GDPR). The inquiry examined LinkedIn’s processing of personal data for the purposes of behavioural […]
Scout Terra pickup truck and Scout Traveler SUV concepts Scout NASHVILLE, Tenn. — Volkswagen-backed Scout Motors revealed its first electric vehicles Thursday and announced plans for the brand to expand its lineup to include an emerging type of plug-in hybrid electric vehicle in addition to EV models. Scout, a former American vehicle brand from 1961 […]
