Business
3 US designers sue Chinese fashion giant Shein over copying their creative work
San Francisco, July 15 Three US fashion designers -- Krista Perry, Larissa Martinez and Jay Baron -- have sued Chinese fast-fashion company Shein which is valued at a staggering $66 billion, for allegedly stealing their creative works. In the lawsuit, they claimed that Shein produced, distributed, and sold exact copies ...Goldman Sachs may exit Apple Card partnership, offload to American Express
San Francisco, July 1 Goldman Sachs, which partnered Apple on the launch of Apple Card four years ago, may be eyeing an exit and is reportedly planning to offload its partnership to American Express. The Wall Street Journal reported that the investment banking firm is "looking for a way out" ...Bank of England hikes rates to highest level since April 2008
London, June 22 The Bank of England has raised interest rates by a half point to 5 per cent as it intensifies its efforts to tackle stubbornly-high inflation, adding to the strain on households struggling with soaring mortgage costs, according to a media report. In what will be seen as ...Lloyds Banking Group to set up technology centre in Hyderabad
Hyderabad, June 21 Lloyds Banking Group, one of the UKs largest financial services groups, on Wednesday announced its decision to invest in a new technology centre in the Knowledge City district of Hyderabad. The Group, which operates the UK's largest digital bank and has over 20 million digitally active users, ...Online marketplace OLX Group slashes 800 jobs globally
San Francisco, June 20 Online marketplace OLX Group and the classifieds business arm of Prosus (global investment group) on Tuesday cut around 800 jobs globally. According to TechCrunch, the move comes as the company begins to phase out activities of its automotive business arm Olx Autos in several areas after ...India’s largest stem cell manufacturing lab to come up in Hyderabad.
Hyderabad, May 24 Hyderabad, which is emerging as the knowledge capital of the world's life sciences industry, has grabbed another big-ticket investment in the sector. US-based StemCures is slated to establish a manufacturing lab in Telangana that will focus on stem cell therapy with the vision to create the largest ...80% Indian business leaders say data crucial in decision-making: Report
New Delhi, April 28 About 8 in 10 (or 80 per cent) business leaders in India believe that data plays a critical role in decision-making at their organisation, a new report showed on Friday. According to enterprise software company Salesforce, about 78 per cent of Indian business leaders agree that ...BRICS currency to pose threat to dollar’s dominance
New Delhi, April 27 A BRICS currency could shake the dollar's dominance, a former White House adviser has said. De-dollarization moment might finally be here, Joseph Sullivan, former special advisor and staff economist at the White House Council of Economic Advisers during the Trump administration, wrote in Foreign Policy. Talk ...Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says
London, April 11 Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according to a forecast, BBC reported. The International Monetary Fund (IMF) said increases in borrowing costs are likely to be "temporary" once high inflation is brought under control. ...Bullish on India, Tim Cook to unveil Apple retail stores in Mumbai, Delhi
New Delhi, April 11 As Apple firms up its plans to put India on its global manufacturing and retail map, the company's CEO Tim Cook will be in India next week to inaugurate Apple's brick-and-mortar stores in Mumbai and Delhi. Reliable sources told IANS that Cook will inaugurate Apple's own ...
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