Category: Industries

Choice Hotels International, Inc. (CHH), a lodging franchisor, announced Monday that it has entered into a definitive agreement to buy the franchise business, operations and intellectual property of Radisson Hotel Group Americas for around $675 million. The acquisition will add Radisson’s nine brands, 624 hotels and over 68,000 rooms in the United States, Canada, Latin […]

U.K.-based Senior plc (SNR), engaged in the business of aerospace and defense components worldwide, on Thursday announced the signing of a definitive agreement to acquire substantially all of the assets of California-based Spencer Aerospace Manufacturing, LLC, a unit of Pivotal Manufacturing Group, LLC. Senior has agreed to pay 48 million pounds ($60 million) for Spencer […]

Netflix, Inc. (NFLX) announced Wednesday that it has entered into a combination agreement to acquire Finnish mobile game maker Next Games Oyj for a total equity value of around 65 million euros. Next Games shares were gaining more than 118 percent in the early morning trading in Helsinki. Under the deal terms, Netflix will commence […]

Expressive investments should be made from savings after setting aside capital for your life goals If watches are meant for only time management, then why do some individuals own a Patek Philippe? Similarly, if cars are meant for only transportation, then why desire a Bugatti Chiron? Clearly, our desire to own products goes beyond the […]

High inflation, raw material prices may pressure margins in near term, says CMD Hindustan Unilever Ltd. (HUL), India’s largest consumer goods maker, reported standalone third-quarter net profit grew 17% to ₹2,243 crore aided by strong all-round performance but warned that high raw material costs and inflation could hit margins in the near term. EBITDA margin […]

`Momentum to continue for at least 3-5 years’ Customer spending across sectors and regions remains robust and L&T Infotech (LTI) expects this momentum to continue for at least 3-5 years, said company CEO & MD, Sanjay Jalona. “Customer spending across sectors and regions remains robust and we expect this momentum to continue for at least […]

Overall economic activity strong, RBI officials say in bulletin Overall economic activity in India remains strong, with upbeat consumer and business confidence and uptick in several incoming high-frequency indicators, despite the outbreak of the Omicron variant of the virus causing COVID-19, Reserve Bank of India officials wrote in an article in the RBI Bulletin. “As […]

HCL Technologies CEO and MD C. Vijayakumar on Monday said business was in the best shape that it could be and the company is optimistic of a good growth trajectory, especially in the medium term, driven by focus on digital transformation. The statement comes after the company’s scrip fell 5.89% to ₹1,258.80 per share on […]

Urjit Patel will be one of the five vice-presidents of the AIIB with a three-year tenure. He is expected to take over his posting next month Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed vice president of the Beijing-based Asian Infrastructure Investment Bank (AIIB). Mr. Patel will serve on a three […]

Employment opportunities in the e-commerce and allied industries witnessed a 28% surge in 2021, and recruitment activities in this segment will gain further momentum driven by economic recovery and aggressive vaccination drive, according to TeamLease Services. The ector grew by 8% in 2020 and 30% in 2021. It is now poised to reach $111 billion […]