October 2, 2023
The Good Glamm Group is prioritising profitability in the run up to an IPO in two years’ time, Priyanka Gill, Group cofounder said, adding that the content-to-commerce player is tapping new revenue streams and optimising costs as it rides on omni-channel strategy and digital velocity to maintain strong growth rates. Gill told PTI in an
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LORENZO Shipping Corp. (LSC) is maximizing freight margins and implementing cost rationalization amid economic challenges. This strategic shift is in response to a combination of factors, including general inflation, currency depreciation, and various operational expenses such as bunkering, trucking, tuggage, empty repositioning, and maintenance of vessels and equipment. Lorenzo Shipping is focusing on maximizing yield
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US-based ecommerce major Amazon has started supporting its India investments from the revenue it generates from the local market, the company’s senior vice president for India and emerging markets, Amit Agarwal, told ET in an interview. Agarwal’s comments come after the etailer recently completed 10 years of operations here. “Our ecommerce business is generating enough
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Salesforce rallied over 5% on Thursday after its strong earnings report showed that cost cuts were working and demand was holding up better than expectations in a turbulent economy. The business software firm behind workplace-messaging tool Slack and data analytics tool Tableau was set to add around $10 billion to its market value. The stock
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Grocery delivery service Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc. San Francisco-based Instacart, which filed confidentially for its initial public offering (IPO) in May 2022, said in the filing to the U.S. Securities and
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LEPANTO Consolidated Mining Company (LCMC) over the weekend reported that its consolidated net income rose to P68.09 million in the first half of 2023 after suffering a P302-million loss in the same period last year. This growth was on the back of higher revenues generated in the first semester, amounting to P1.4 billion, versus P816.7
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Receive free UK economy updates We’ll send you a myFT Daily Digest email rounding up the latest UK economy news every morning. The profitability of UK private non-financial companies remained stable in the first quarter of 2023, according to official data that suggests higher corporate profit margins are not pushing up inflation. Companies made a
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print middle Revenue is expected to rise 13-15% to Rs 30,000 crores this fiscal year due to increased corporate spending on advertising in key sectors and increased public spending on advertising in light of upcoming state and parliamentary elections. Crisil report. profitability of the print media sector will rise by 1,000 basis points (b.p.) to
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DITO Telecommunity Corp. plans to become profitable by 2028 as the telco continues to expand its coverage across the country. Eric Alberto, president of DITO CME Holdings Corp., the parent company of DITO Telecommunity, said Wednesday he is confident the telecoms division will pass the National Telecommunications Commission’s fourth annual technical audit, scheduled for this
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Ginebra San Miguel Inc. (GSMI), the liquor arm of conglomerate San Miguel Corp., said the problems it faced last year are still there today, which will put pressure on margins. Emmanuel B. Macalalag, senior vice president and general manager of the company, said the company continues to grapple with the aftermath of the war in
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