H&M reported flat sales growth for a second straight quarter as the world’s second-largest fashion retailer grapples with slowing traffic at its core brand stores.
Inditex, owner of the Zara, faces growing competition from younger, online-only players like Boohoo.com, Missguided. Its rivals are churning out clothes at higher speeds.
Inditex, owner of Zara, reported improved profitability for the first three months of its financial year despite negative currency effects.
Trading in European shares was hesitant early as investors awaited further guidance from the Federal Reserve on future U.S. rate rises, while Zara owner Inditex fell.
An official committee of the Uttar Pradesh government has proposed clubbing state assembly elections due till 2021 with the general elections that are scheduled to be held in 2019.
M&S said urgently had to modernize or risk fading away as it reported a 2nd straight decline in annual profit and booked 321 mn pounds charge for a store closure program.
H&M held out the prospect of higher earnings this year as it looked to reassure investors unnerved by years of slumping share values.
H&M reported a 34% fall in quarterly profit as its core brand’s stores attracted fewer shoppers, and said it might ask investors to reinvest dividends .
China’s tourism authority has urged hotels to review their websites and apps to fix what Beijing deems to be inaccurate labeling Chinese-claimed territories as countries.
China's aviation authorities demanded an apology from Delta Air Lines for listing Taiwan and Tibet as countries on its website.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20