Business updates

Business updates

Starbucks tightens barista dress code to revamp the look and feel of North American stores

Baristas will wear solid black tops, a change from prior practice allowing any color. They can also wear any shade of khaki, black or blue denim bottoms.>

US TikTok users get bombarded with Chinese influencer videos mocking tariffs

These videos are mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica to Nike.>

India’s crude import price falls below $70 per barrel, a first since August 2021

Lower crude oil import prices have raised hopes for lower petrol and diesel rates, enhancing macroeconomic stability amid global price declines.>

FIR against OYO, founder Ritesh Agarwal in Jaipur over fake bookings: Report

The FIR, which was filed at Jaipur's Ashok Nagar police station, was based on a complaint by Madan Jain of Samskara Resorts>

Dr Reddy's to cut workforce by 25%; high-salaried workers to be impacted: Report

The cost-cutting drive has reportedly not spared long-timers as employees in the 50-55 age group.>

Bank of Maharashtra slashes retail loan rates by 25 bps after RBI cuts repo rate

The bank's repo-linked lending rate (RLLR) has now been reduced from 9.05 per cent to 8.80 per cent.>

GST dept probing if restaurants escaped taxes on packaging charges: Report

Several eateries on food aggregator platforms like Zomato received summons from the department asking details of GST on packaging charges since Jan 1, 2022.>

India, US may strike deal on medical devices for generics

The US has raised specific tariff and non-tariff issues related to exports of its pharmaceutical products and medical devices in the Indian market>

India is preparing to ship 40,000 tonnes of shrimp to US after Donald Trump's tariff pause

About 2,000 containers of shrimp that had been delayed are now being readied for export following Trump's April 9 decision to pause the higher tariffs.>

Pratt & Whitney names Ashish Saraf as vice president and India head

Saraf will lead all strategic growth and transformation efforts in India, the company said in a statement.>

Credits : HTimes