What does he mean by that? Louvet said the wardrobe of a typical consumer will consist of three categories: rented clothes, pre-owned clothes, and new clothes. And despite running a massive fashion brand that made $6.3 billion in revenue last year, Louvet is surprisingly bullish on the idea that not everyone these days wants to buy new clothes, or even own them. … [Read more...] about Why the CEO of Ralph Lauren is bullish on Rent the Runway and The RealReal
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But remember that many banks such as Bank of India, Bank of Maharashtra and OBC that were under PCA have successfully come out of the tag. In the private sector, Dhanlaxmi Bank too managed to shed the tag. Much will also depend upon the economic recovery and ability of borrowers to generate cash flows to repay.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about RBI wants to punish weaker banks that are perennially sick. But how far can it go?
Wyclef Jean is big on setting goals and reevaluating his life’s direction every few years. The founding member of The Fugees took inspiration from Quincy Jones for what his career would look like by the time he was 50. There was a detour toward politics in his mid-forties. After an unsuccessful bid for president of Haiti a decade ago, he reexamined what his life in the music industry would look like moving forward. … [Read more...] about Wyclef Jean has raised $25 million to democratize the global digital music marketplace
Profit after tax was up 36 percent YoY and 9.2 percent QoQ to Rs 149 crore. The overall revenue yield on QAAUM was flat QoQ at 59bps, while PAT yield improved by 2bps to 29bps (aided by other income at 11bps versus 4bps QoQ). Other income was up 6.2 percent YoY / 157 percent QoQ. … [Read more...] about Nippon Life share price gains 4% on steady Q3 earnings
Sunil Mathur, managing director and chief executive officer, Siemens Ltd, said in the statement, "The addition of C&S Electric's products, sales network, manufacturing units and a highly competent employee base will complement and strengthen range of Siemens' offering. This will bolster our portfolio not only in India but also for export." … [Read more...] about Siemens inks pact to acquire 99% equity in C&S Electric for Rs 2,100 crore