COVID-19: Ayurvedic products become increasingly popular

The pandemic has resulted in a change in consumer lifestyles, with an increased focus on preventive healthcare remedies leading to a surge in demand for immunity-positioned supplements, including Ayurvedic medicines and products, as consumers pursue different ways to combat the virus. The demand for Ayurvedic products has surged across the nation in the wake of the COVID-19 outbreak, especially after […]

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Coronavirus | Reliance cuts employees’ salary by 10-50%; Mukesh Ambani to forgo salary

While Mukesh Ambani would forgo his entire ₹15 crore compensation, the company’s board of directors including executive directors, executive committee members and senior leaders would forgo 30-50% of their compensation. With coronavirus (COVID-19) lockdown hitting the businesses hard, Reliance Industries has decided to cut the salary of most of its employees by 10-50% with the company’s chairman Mukesh Ambani agreeing […]

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Comcast Posts Mixed Q1 Results, Warns Of “Significant” COVID-19 Hit In Q2

Comcast delivered a mixed bag of first-quarter results, missing Wall Street expectations for revenue, but beating profit forecasts. The media giant also warned investors of a “significant” hit to second-quarter results due to COVID-19. NBCUniversal showed signs of the pandemic’s impact, with its first-quarter revenue sliding 7% from a year ago to $7.7 billion, and earnings plunging 25% to $1.7 […]

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Joe Biden Stays Silent

Joe Biden, who championed women’s rights during his time in the Senate and the vice president’s office, has remained silent as a sexual assault allegation against him gains more traction. His campaign has put out a statement denying the accusation by Tara Reade, a former Senate aide, but Biden himself has not said anything. And in his absence, other Democrats […]

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Sainsbury’s predicts £500 MILLION loss in profits despite coronavirus panic-buying

Sainsbury’s said profit would be hit by significant costs associated with social distancing and safety measures to protect customers and staff, weaker sales of fuel, general merchandise and clothing, and lower financial services profitability despite surging grocery trade as the coronavirus pandemic takes hold. The retail giant said the impact of COVID-19 is expected to leave underlying pre-tax profits broadly flat […]

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Sensex rallies over 900 points, Nifty reclaims 9,800 level

Equity benchmark Sensex soared over 900 points in opening trade on Thursday tracking heavy buying at ICICI Bank, Infosys, HDFC twins and Reliance Industries counters amid rally in global stocks. After hitting a high of 33,640.73, the 30-share index was trading 895.69 points or 2.74% higher at 33,615.85. Similarly, the NSE Nifty shot up 247.20 points, or 2.59%, to 9,800.55. […]

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Renewables Are the Only Winners in Historic Decline in Energy Demand

The coronavirus lockdown will cause the biggest drop in energy demand in history, with only renewables managing to increase output through the crisis. As people around the world consume less oil, gas and coal, electricity generated from the wind and sun will keep flowing, resulting in an unprecedented 8% decline in global carbon dioxide emissions this year, according to a […]

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Woolworths Q3 Total Sales Up 10.7%

Woolworths Group Limited (WOW.AX) reported that its sales from continuing operations for the third-quarter rose 10.7 percent to A$16.50 billion from A$14.90 billion in the prior year. Group online sales were up 34.0 percent. In Australian Food division, total sales for the quarter increased 11.3% to A$11.2 billion with comparable sales increasing 10.3%. Total sales growth was approximately 3% for […]

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Juul to Cut Up to 40% of Workforce in New Round of Reductions

Juul Labs Inc. is preparing to cut 25% to 40% of its workforce, according to a person familiar with the matter, in the latest round of layoffs at the e-cigarette company. The San Francisco-based company currently employs about 3,000 people after slashing about 650 jobs late last year. It could cut between 800 to 950 people in the latest round, […]

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