Shares of Avenue Supermart, the operators of DMart, rose over 1% to reach a new 52-week high of ₹4,784 after announcing the opening of a new store in Bengaluru. The company’s total number of stores now stands at 366. The stock has rallied over 20% in the past month, and the company reported a 20% rise in standalone revenue in the final quarter of FY24. Brokerage firms like Morgan Stanley and CLSA have set positive price targets for the stock, citing promising growth opportunities. You Can Read Full News By Clicking On Below Link.
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Netflix co-founder reed hastings discussed his approach to taking risks in a recent podcast. He follows the principle of “recoverable risk,” meaning he takes risks that can be fixed if they don’t work out. This approach allows him to get more done and move fast. Hastings borrowed this philosophy from amazon founder Jeff Bezos, who sees risks as either “one-way doors”…
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Hemant Bakshi, the CEO of Ola Cabs, has resigned from his position after just four months. The company is undergoing a restructuring process that may result in a 10% reduction in jobs. Ola Cabs has also closed its international operations in the UK, Australia, and New Zealand. Despite these changes, the company’s financials show positive growth, with a revenue of ₹2,135 crore and a positive…
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Tesla CEO Elon Musk has fired top executives in a recent round of job cuts.
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The Reserve Bank of India (RBI) has banned Kotak Mahindra Bank from adding new customers through digital channels and issuing new credit cards. This caused the bank’s shares to fall by 13%. Uday Kotak, the largest shareholder, saw his wealth decline by $1.3 billion. The RBI cited governance and risk issues with the bank’s technology systems as the reason for the ban. Kotak Mahindra Bank…
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Chinese smartphone maker Xiaomi has received over 75,000 orders for its electric sedan, the SU7, and plans to deliver over 10,000 units in June. The company aims to deliver more than 100,000 units of the SU7 by 2024 and will focus on the Chinese market for the next three years. Xiaomi’s car, which is inspired by Porsche and is cheaper than Tesla’s Model 3, has sparked a price war in the…
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