According to a source familiar with the matter at hand, Indian fintech giant Paytm has received regulatory approval from India’s capital markets regulator for its $2.2 billion stock market listing in what is slated to be India’s biggest ever IPO…. Read More ›
operating loss
Giorgio Armani reports sales surge during first half of 2021
In a statement Giorgio Armani said, sales in the first half of 2021 has bounced back robustly after its business in the United States and China saw sales at the Italian fashion group return close to pre-pandemic levels. “The goal… Read More ›
Wal-Mart exploring a major sale of its Brazilian operations: sources
Having incurred operating losses over several years in a row, Wal-Mart is looking to cash out but still maintain a foothold in Brazil. As per two sources with direct knowledge of the matter at hand, Wal-Mart Stores Inc is holding… Read More ›
Samsung appoints Joonou Nam as Samsung Heavy Industries’ new CEO
The change at the top follows the shipbuilder’s announcement of its forecast of yet another operating loss for this year. On Monday, in a strategic move Samsung Heavy Industries appointed Joonou Nam as its new chief executive officer after Park… Read More ›