Latest news with #Garg
Business Insider
13 hours ago
- Business
- Business Insider
CLSA Sticks to Its Hold Rating for Nidec (NNDNF)
In a report released yesterday, Amit Garg from CLSA maintained a Hold rating on Nidec (NNDNF – Research Report), with a price target of Yen2,700.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Garg is a 2-star analyst with an average return of 0.9% and a 65.63% success rate. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nidec with a $21.61 average price target. NNDNF market cap is currently $23.36B and has a P/E ratio of 20.15.
Yahoo
18 hours ago
- Business
- Yahoo
Coles and Woolies move that there's no coming back from: 'Will only accelerate'
When was the last time you piled all your grocery items on the conveyor belt so a checkout assistant could scan them? The answer is probably quite some time ago. Queueing for a cashier used to be the only way to pay at the supermarket but things have changed quickly, and despite many customers disliking the alternatives, the human checkout assistant is unlikely to see a resurgence. In fact Nitika Garg, consumer behaviour expert and professor of marketing from UNSW, warned that in future we'll see far fewer humans in retail in general. 'In Australia we have some of the highest baseline wage rates in the developed world so it's expensive for retailers [to employ checkout assistants]' Garg told Yahoo Finance. 'At first, those people would have been retrenched to different duties and been on the floor to help customers with the switch but the companies have a long term perspective. Ultimately they recoup the benefits when customers learn how to operate the checkouts themselves.' RELATED $6 million cost Coles and Woolworths pay that Aldi refuses to cave on $1,831 Centrelink payment change coming within weeks: 'You'll get more' Australia's most in-demand jobs revealed with $125,000 salaries up for grabs: 'Short supply' Saving money is king for supermarkets and they'll find any trick to do it. It's no different at the checkout and it was once as basic as giving assistants a seat. Aldi's research found letting their employees sit on the job boosted their productivity and meant they were more effective at ringing up the 1,200 items per hour that they were tasked with. Chairs were handed out all round. But as the tech improved the question became whether checkout assistants were needed at all and in 2008 self service tills were rolled out in Woolworths and Coles. As everyone masked up and wanted less contact with strangers, self service suddenly seemed more palatable to everyone during Covid and Garg said it's when the use of technology really ramped up across the industry. Different segments adopted the tech at different rates but Garg said there is much greater acceptance across the board since Covid. Coles quotes more than two thirds of their customers use self-checkouts now and Woolies said 83 per cent of customers with 20 items or fewer use them. It's the reason places like Costco and Aldi who were late to the game have started to introduce them too. 'Now consumers are more comfy and there's greater market acceptance it will make sense for them financially too,' Garg said. One of the major problems with self-checkout is the uptick in shoplifting which has accompanied their introduction. A recent survey reported 7 per cent of people admitted to stealing at the supermarket self-checkout and the same number (7 per cent) or 1.4 million people deliberately lied about what they've scanned. But while places like the US and UK have reported rolling back their self-service checkouts for this reason, Garg said it won't happen here. 'Look at our minimum wage compared with the US,' she said. 'Their threshold for loss is much lower than ours. Coles and Woolies are ramping up their tech instead. The surveillance has gone up and it's got to the point you can't make a mistake now. The systems are developing really fast.' The rollout of Smart trolleys is likely to be another way to control this loss of inventory. The major supermarkets have unveiled new shopping carts which scan items on the go, speeding up the time of your shop and reducing the possibility for error. 'It will give them greater control over consumer behaviour,' Garg said of the new smart trolleys. 'You'd have to really mean to shoplift as they eliminate the chance of a genuine mistake.' As the tech increases and people learn how to use it, the need for humans in supermarkets will reduce. 'People like human contact and they want help, it's why companies like Apple and JB HiFi train their sales force to be knowledgeable but it's not the same at grocery stores,' Garg said. 'It won't make or break your experience if [an assistant] doesn't know where something is.' 'Before Covid there was an expectation there would be help, but now people are more used to a lower density sales force on the floor,' she went on. 'The retail sector has trained customers and this will only accelerate over time.' Garg said that some age groups will accept this going forward and that for millennials, who use tech more and have a less traditional model of social interaction, it will become very normal. 'In future there will be more tech and less customer service and we'll see this pattern replicate across different industries,' she in retrieving data Sign in to access your portfolio Error in retrieving data
Time of India
2 days ago
- Time of India
'Not made cricket capt', dy commissioner-rank IRS officer attacks joint commissioner in UP
Representative image LUCKNOW: A day after being assaulted in office by a joint commissioner, a deputy commissioner-level Indian Revenue Service (IRS) officer accused the senior colleague of attacking him over a three-month-old dispute related to a departmental cricket match. An FIR was registered at Lucknow's Hazratganj police station on Friday over the incident, which allegedly also involved a strangulation bid. Complainant Gaurav Garg - a 2016-batch IRS officer posted at the income tax office in Hazratganj - alleged that joint commissioner Yogendra Kumar Mishra, currently posted in Uttarakhand's Kashipur, barged into the office on Thursday and launched a violent and premeditated assault in the presence of senior officers. Garg said the dispute dated back to Feb 13, when Mishra, then posted in Lucknow, allegedly insisted on being appointed as captain of the departmental cricket team during a tournament. After his request was denied, Mishra allegedly threatened to disrupt the match by squatting on the pitch. Garg alleged that Mishra continued to harass the team members on WhatsApp, sending messages like, "I know about your sister's affair", and "Be careful, NCB is watching." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo He even threatened to plant drugs to frame them, Garg claimed. Over a dozen complaints were reportedly filed, following which Mishra was transferred to Uttarakhand. The complainant alleged that on May 29, Mishra stormed into the office, where a farewell was being planned for the outgoing principal chief commissioner at a departmental meeting. According to the FIR, Mishra hurled abuses and demanded his transfer orders be revoked. He then picked up a glass tumbler, splashed water on Garg and attempted to stab him with the broken glass. When Garg tried to leave, Mishra allegedly grabbed him by the throat, choking him. "He then punched me repeatedly, injuring my nose, lips and ear. He even kicked me in the groin," Garg alleged. Police were informed and Garg was rushed to the hospital. He remains under medical care, but submitted a written complaint to police on Friday.
Time of India
2 days ago
- Time of India
IRS officer alleges brutal assault by senior colleague over departmental cricket match dispute; FIR lodged in Lucknow
LUCKNOW: A deputy commissioner-level Indian Revenue Service (IRS) officer accused a senior colleague of physically assaulting him inside a govt office over a months-old dispute related to a departmental cricket match. The incident, which allegedly involved attempted strangulation and threats to life, led to the registration of an FIR at Hazratganj police station. The complainant, Gaurav Garg , a 2016 batch IRS officer posted at the Income Tax office in Narhai, Hazratganj, alleged that Yogendra Kumar Mishra, a Joint Commissioner currently posted in Kashipur, Uttarakhand, barged into a closed departmental meeting on May 29 and launched a violent, premeditated assault in the presence of senior officers. In his complaint, Garg said the dispute dates back to February 2025, when Mishra, then posted in Lucknow, allegedly insisted on being appointed captain of the departmental cricket team during a tournament at BBD Cricket Ground. After being denied due to selection norms approved by the Principal Chief Commissioner (PCC), Mishra allegedly threatened to disrupt the match by lying down on the pitch. Garg further alleged that Mishra continued harassing team members over WhatsApp, issuing threats like, 'I know about your sister's affair' and 'Be careful, NCB is watching,' even threatening to plant drugs to frame players. Over a dozen complaints were reportedly filed, following which Mishra was transferred to Uttarakhand. However, on May 29, Mishra allegedly stormed into the 6th-floor office where a farewell was being planned for the outgoing PCC. Present were Garg, Commissioner Richa Rastogi, and Additional Commissioner Shourya Shashwat Shukla. According to the FIR, Mishra hurled abuses, accused officials of conspiring against him, and demanded his transfer orders be revoked. He then allegedly picked up a glass tumbler, splashed water on Garg, and attempted to stab him with the broken glass. When Garg tried to leave with his laptop, Mishra allegedly grabbed him by the throat from behind, choking him. 'I was gasping for air and barely managed to free myself,' Garg wrote in the FIR. 'He then punched me repeatedly, injuring my nose, lips, and ear. One front tooth was loosened. He even kicked me in the groin and struck my knee before others intervened.' Police were alerted via Dial 112, and Garg was rushed to Civil Hospital, where he reportedly fainted due to blood loss and trauma. He remains under medical care but submitted a written complaint to police on May 30, seeking action under various charges, including criminal intimidation, assault with a deadly weapon, and obstruction of govt duty. Hazratganj ACP Vikas Jaiswal confirmed the FIR, stating that a case was registered under sections 109(1) (attempt to murder), 121(2) (causing hurt to a public servant), 221 (obstruction of duty), 324(3) (mischief), 352 (intentional insult), and 351(3) (criminal intimidation) of the Bharatiya Nyaya Sanhita (BNS), along with relevant sections of the Prevention of Damage to Public Property Act, 1984 against Yogendra Mishra. 'We are verifying medical reports, CCTV footage, and statements of all present,' Jaiswal said. There has been no official response yet from Mishra or the Income Tax Department. The incident has sparked a political storm. Samajwadi Party President Akhilesh Yadav posted on X (formerly Twitter), 'Earlier it was police vs police, now it's officer vs officer. Why was the husband of an IPS officer assaulted? The links must be probed.' Later, BJP's Uttar Pradesh chief Bhupendra Chaudhary visited Garg in hospital. Speaking to reporters, he said, 'I came to check on his health. I don't see any political angle here.' Yogendra Mishra alleges targeted defamation, seeks probe After the registration of an FIR against senior Indian Revenue Service (IRS) officer Yogendra Mishra, he took to social media platform X (formerly Twitter) to allege sustained harassment, defamation, and malicious police complaints orchestrated against him. In a series of posts, Mishra claimed he was being targeted for exposing irregularities in tax investigations carried out during his predecessor's tenure. "I am forced to speak out publicly about the extreme harassment, character assassination, and false police complaints being orchestrated against me," Mishra posted, adding that the facts must be made known. Mishra stated that since assuming charge in Kanpur in 2022, succeeding IRS officer Gaurav Garg, he flagged serious lapses in tax investigations under Garg's tenure. "This led to his animosity and a sustained vendetta, now weaponised through police and media," he wrote. Referring to a departmental cricket match held on February 13, 2025, Mishra said a minor on-field dispute was amicably resolved, with apologies exchanged. However, he alleged that months later, a distorted video of the incident was leaked by Gaurav Garg, allegedly through his IPS officer wife, to a journalist known for blackmailing officials. The video resurfaced on March 29, 2025, when it was circulated on social media. Mishra claimed that the journalist later attempted to extort ₹50,000 from him and that he submitted chat logs and evidence of the blackmail to the authorities. "This is coordinated harassment, using fake news, social media, and the police machinery to malign my image and silence my whistleblowing,' Mishra posted. He added that he formally lodged a complaint with the Commissioner of Police, Lucknow, and submitted CCTV footage, witness statements, and relevant records. He urged authorities to conduct an impartial, evidence-based inquiry and not entertain 'malicious or frivolous' complaints against him.
The Print
3 days ago
- Politics
- The Print
UP: IRS officer injured after colleague attacks him at Income Tax Office in Lucknow
The officer, Gaurav Garg, was injured and was taken to the civil hospital for treatment. The nature of his injuries was yet to be officially confirmed, police said. The incident occurred around 3 pm at the Income Tax office in the Hazratganj area, they said. Lucknow, May 29 (PTI) An Indian Revenue Service (IRS) officer was injured after he was allegedly attacked by a colleague from the Income Tax Department during an argument at the office here on Thursday, police said. Deputy Commissioner of Police (Central Lucknow) Ashish Shrivastava said Garg informed the Hazratganj police station about the attack, following which local police arrived at the scene and facilitated his medical care. He is reported to be out of danger and further legal proceedings are underway, the DCP said. Meanwhile, Samajwadi Party president Akhilesh Yadav took a dig at the BJP-led state government over the incident. In a post on X in Hindi he said, 'Till now in the BJP government, it was police versus police, now it is officer versus officer. A case has come to light in Lucknow where an IRS officer was held hostage and beaten up by an income tax officer.' 'This should be investigated and it should be found out why such an incident happened with the husband of an IPS officer and who all are linked to it,' Yadav added. In the post he also referred to Garg's wife, Raveena Tyagi, who is an IPS officer posted in Lucknow. PTI KIS OZ SKY SKY This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
