Business
October 18, 2024
2 views 6 mins 0

Diamond Sports, FanDuel reach naming rights agreement for regional sports networks

Pavlo Gonchar | Lightrocket | Getty Images More change is coming to Diamond Sports’ regional sports networks. The company said in court papers filed Tuesday that it reached a naming rights deal with Flutter-owned FanDuel, which will rebrand the Bally Sports channels just as the National Hockey League season has started and the National Basketball […]

Business
October 18, 2024
1 views 2 mins 0

Watch maker Patek Philippe launches first new collection in 25 years

Introducing the new Patek Philippe Cubitus line. Courtesy: Patek Philippe Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Younger investors and collectors began buying up […]

Business
October 18, 2024
4 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
1 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
1 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
3 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
1 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 […]