Sundaram-Clayton Ltd. posted 34% growth in standalone net profit to ₹83 crore on improved sales volume, for the quarter ended March. Revenue from operations grew 35% to ₹405 crore. The company also re
15 April 2021 | 07:25am
StockMarketWire.com - Analytics and eCommerce optimisation company Ascential said it had acquired Toronto-based Perpetua Labs, an eCommerce media optimisation business, for an initial $52 million.
The acquisition marked new territory for Ascential s digital commerce segment, which the business will join, and which to date has exclusively served first party vendors. Perpetua s expertise serving third party vendors, through data-driven solutions, opens the door for Ascential to this large and fast-growing market segment, the company said.
Under the terms of the deal, the initial cash consideration was US$52 million, but included deferred consideration payable over four years, resulting in an estimated total consideration of between US$103 and US$162 million.
15 April 2021 | 16:51pm
StockMarketWire.com - The FTSE closed 0.63% higher on Thursday to 6,983.50, extending its upward trajectory in recent days and taking it closer to the psychologically important 7,000-mark, as new US economic data showed a surge in consumer spending.
There were record highs on Wall Street with the S&P 500 and Dow Jones reaching new heights as unemployment claims in the US dropped in March and retail sales surged.
In company news, AO World rose 1.9% to 323.6p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
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MYSURU/MANGALURU/ HUBBALLI/BELAGAVI: Students across Karnataka were thrilled to see their friends and teachers on Friday as schools reopened for grades 10 and 12 after a nine-month gap. As part of Covid-19 precautions, they wore masks, followed social distancing and washed hands frequently.
Classes were held for limited hours and with a limited number of students. Still, campuses were buzzing with energy after months of quiet. Schools went the extra mile to make students feel safe and welcome, organising skits, performing artis, writing positive messages and offering plenty of encouragement.
“I am really excited to be back in school. At one point, I had wondered whether I would see my classmates and teachers on the campus again,” said Ananya, a class 10 student in Raichur. Geeta, a class 10 student of Vidyaranya High School in Dharwad, is relieved that on-campus learning has resumed. “I was fed up with online classes. I was missing actual classroom stu