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An Walmart-backed startup seeks to compete against buy now, pay it later companies. One Venture is planning to launch its own version, according to a source familiar. One, which is majority owned by Walmart, plans to launch a service that can be used at Walmart’s stores and website as well as other retailers. A more challenging economic … Read more
According to Goldman Sachs inflationary challenges will eat into Cheesecake Factory’s stock next Year. Jared Garber, analyst, has downgraded Cheesecake Factory to sell. He also decreased his price target on the stock to $29 which represents a downside by 12.2% from Friday’s close. The stock traded 3.1% higher in the premarket. He stated in a note that he saw … Read more
Rivian stated Monday that it would not continue to pursue the agreement it reached with Mercedes Benz only three months ago. Rivian CEO RJ Scainge stated, “We have decided to suspend discussions with Mercedes-Benz Vans concerning the Memorandum of Understanding” signed earlier in this year for the joint production of electric vans. Scaringe noted that the company was … Read more
Sula Vineyards Limited IPO: Sula Vineyards Limited will issue a public issue on 12 December 2022. It will be available for bidding until 14 December 2022. India’s largest seller and wine producer has set the price range of its public issue at Rs340 to R357 per equity share. It aims to raise Rs960.35 Crore from its initial … Read more
NEW DELHI: Retail inflation According to the CPI (consumer price index), November’s low of 5.88% was an 11-month high, according to data released by government on Monday. For the first time in this year’s history, inflation numbers are within the Reserve Bank of India’s tolerance band of 2-6 percent. The RBI was given by the government the responsibility … Read more
Xiaomi unveiled a number of products along with its new line of smartphones, the Xiaomi 13 Pro and 13 Plus. At the event, which was held in China, Xiaomi also launched a range of products, including a new Xiaomi Watch S2, Xiaomi Buds 4 (Microsoft Sound Pro), Xiaomi Router 10000 and a brand new mini computer, … Read more
Bhupendra, a BJP leader, was sworn in Monday as the 18th Chief minister of Gujarat for a second term. Governor Acharya devvrat administered the oath and secrecy to the 60 year-old MLA from Ghatlodia. In December, he won the Ghatlodia Seat by a record margin with 1.92 lakh votes. Prime Minister Narendra Modi and Rajnath Singh, the Defence … Read more
Global stock fell Monday as investors prepared for the last round transatlantic interest rate increases this year from three central banks. This is in hopes that an atypically slow pace of rising borrowing costs will finally ease. Oil prices rose after a critical pipeline to the United States was closed, and Russian President Vladimir Putin threatened that production … Read more
Pankaj Chaudhary from MoS Finance said Monday that the Government would not publish Reserve Bank of India a letter regarding missing inflation target. The RBI has submitted a report to Centre as required under Sectiom 45ZN RBI Act. Pankaj Chaudhary wrote back, “Yes sir. RBI has submitted a report to central government, as mandated pursuant to Section … Read more
The Rajasthan government is finalizing initiatives, including providing technology support and holding Trade Fairs for Industries to achieve its exports target. “The state’s exports increased to Rs 72,000 crore in 2021-22 from more than Rs 52,700 crore one year earlier and the state has made efforts to bring this figure up to Rs 1 trillion over the next two … Read more