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Singapore's Temasek mulls three-way split: Report

Singapore's Temasek mulls three-way split: Report

Economic Times2 days ago
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Why corporate meets are like Durga Pujo
Why corporate meets are like Durga Pujo

Time of India

time4 hours ago

  • Time of India

Why corporate meets are like Durga Pujo

The article humorously compares high-profile business summits to the Durga Pujo festival, highlighting the similarities in their chaotic and often superficial nature. Attendees at both events navigate crowded spaces, listen to jargon-filled presentations, and partake in the spectacle, often driven by freebies and the desire to be seen rather than genuine engagement. Tired of too many ads? Remove Ads Oh, there are few things that can top the buzz of top-notch mindfests , whether it's ET's WLF in Delhi, or WEF's powwow in Davos. But have you noticed the similarities they have with fests like Durga Pujo ? Think about it - attending panels and sessions at these events is really the corporate cousin of pandal-hopping. You start with grand intentions: 'I'll attend the AI ethics panel, the tough tariffs talk, and maybe squeeze in the one on quantum tofu.' But 30 mins in, you're swinging your lanyard - the strap or cord around the neck that acts as your attendance/entry pass - and chewing the cud with someone who calls himself 'Dr Rakesh' and insists he's a thought leader in 'synergistic disruption'.Much like pujo pandals, summit panels are judged by spectacle and buzz. One has LED-lit idols, the other has videos accompanied by soft music. Both involve queues, elbowing strangers, and looking at other people looking at you being suitably moved. The moderator is the pundit doubling as pandit, chanting near-Sanskrit buzzwords like 'scalability' and 'intersectionality', with the fervour of aarti. The panelists, like deities, sit elevated, bathed in spotlight, answering questions no one asked before, with answers that leave you delightfully hungry. And the audience? A mix of devotees, sceptics, and those just here for the excellent, free coffee.

Walmart shares fall over 5% despite 8% growth in Q2 revenue, FY26 outlook raise
Walmart shares fall over 5% despite 8% growth in Q2 revenue, FY26 outlook raise

Time of India

time6 hours ago

  • Time of India

Walmart shares fall over 5% despite 8% growth in Q2 revenue, FY26 outlook raise

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Walmart dropped over 5% in early trade on Thursday hitting a low of $97.31 after the company announced its second quarter results where it reported higher than estimated sales numbers while hiking the outlook on sales and EPS for company's revenue stood at $177.4 billion, up 4.8% or 5.6% in constant currency. However, the operating income decreased 8.2% or by $0.7 billion, affected by discrete legal & restructuring selling pressure was also on account of weak sentiments on Wall Street as all three major indices Dow 30, S&P 500 and Nasdaq Composite were trading in the red. Dow was the worst loser, falling by 0.6% around 9:50 AM ET (7:20 India time).Over 10 million shares of Walmart changed hands around this Global eCommerce sales grew 25%, led by store-fulfilled pickup & delivery and marketplace, a company release said. Global advertising business grew 46%, including VIZIO while Walmart Connect in the U.S. was up 31%. Membership and other income was up 5.4%, including 15.3% growth in membership income globally. Gross margin rate increased by 4 bps, led by Walmart EPS of $0.68 excludes the effect, net of tax, of a net gain of $0.26 on equity and other investments, $0.05 from charges related to certain legal matters, and $0.01 from business restructuring charges. The ROA was reported at 8.3% and ROI at 15.1%.Walmart missed earnings expectations with adjusted earnings-per-share (EPS) at 68 cents, lower than anticipated, an AFP report said. US companies have been squeezed in recent months as tariffs raised the costs of importing certain foreign goods, although many mitigated the blow to consumers by bulking up on inventory before Trump introduced the new levies, the report Inc. is a tech-powered omnichannel retailer. It claims to have 10,750 stores with approximately 270 million customers and members visiting the store every week. It has eCommerce websites operating in 19 countries.

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