Swedish furniture company IKEA said on Thursday that it will close its shop in Mumbai’s R City Mall by the middle of the year owing to layout, design and location limitations. The 70,000-square-foot store, which debuted in June 2022, provides a limited variety of IKEA products, according to the release. “IKEA has taken a strategic business […]
Coffee chain Third Wave Coffee Roasters has reportedly laid off approximately 120 employees as part of a restructuring initiative, following its recent fundraise. According to media reports, mid- and senior-level personnel across various departments, including business development, design, sales, marketing, supply chain management, and strategy teams, have been affected. The restructuring involves retaining only two […]
Shares of consumer ware firm Cello World made their stock exchange debut on Monday with a premium of around 28 per cent against its initial public offering (IPO) issue price. The shares were listed at around Rs 831, over its issue price of Rs 648 on the Indian exchanges. At the time of filing the […]
The central government will sell 92.44 lakh shares of Coal India, representing 0.15 per cent of the total equity share of the company, to its eligible employees via Offer For Sale route, the state-owned company informed stock exchanges on Monday. The Coal India shares will be offered at Rs 226.10, the stock exchange filing showed. […]
Philips said on Monday that it will cut down 6,000 jobs across the globe after the losses caused by a massive recall of faulty sleep respirators. The company announced a global recall 2021 of its appliances to help people suffering from sleep apnoea. And due to this recall, Philips revealed net losses of 105 million […]
