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Business

Walmart forecasts promising holiday season as online sales soar

By mjellmaorg November 25, 2020November 19, 2020

Walmart Inc WMT.N said on Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as…

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Business

SoftBank’s Son wants to deploy cash on public and private firms

By mjellmaorg November 24, 2020November 19, 2020

SoftBank Group Corp 9984.T Chief Executive Masayoshi Son said on Tuesday he is sitting on about $80 billion in cash for investment opportunities and share buybacks, and vowed to stick…

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Business

Support for MAX brand wavers as Boeing jet nears green light

By mjellmaorg November 23, 2020November 19, 2020

Boeing Co is set to win approval for its grounded 737 MAX this week, but chinks are appearing in the brand as the most traumatic chapter in the jetmaker’s history…

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Business

Air France-KLM in talks on $7 billion cash raise: Le Monde

By mjellmaorg November 22, 2020November 19, 2020

Air France-KLM is discussing plans to raise another 6 billion euros ($7.1 billion) from its two government shareholders and other investors, French newspaper Le Monde reported on Tuesday. The airline…

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Business

Vivad Se Vishwas Scheme Garners Rs 72,480 Crore Tax to Govt So Far

By mjellmaorg November 21, 2020November 19, 2020

The government has garnered Rs 72,480 crore so far through the direct tax dispute resolution scheme Vivad Se Vishwas, sources said. A total of 45,855 declarations have been filed under…

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Business

TCS Shareholders Approve Up to Rs 16,000 Crore Share Buyback Plan

By mjellmaorg November 20, 2020November 19, 2020

India's largest IT services firm Tata Consultancy Services (TCS) on Wednesday said its shareholders have approved its up to Rs 16,000 crore share buyback plan. Last month, TCS' board of…

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Business

Apple To Cut App Store Fees As Legal Scrutiny Intensifies

By mjellmaorg November 19, 2020November 19, 2020

Apple will cut its app store commissions in half for most developers beginning next year amid an intensifying debate about whether the iPhone maker has been using the fees to…

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