Canada Post Inc. is selling off its third-party logistics business to a Montreal company, according to a media release Tuesday from the Crown corporation. The sale of SCI Group Inc. to Metro Supply Chain comes as the country’s national postal service “focuses on transforming to serve the changing needs of Canadians and Canadian businesses,” says … Read more
Samsung Electronics posted its sixth straight quarter of declining operating profit, reflecting stubbornly weak demand for consumer electronics globally. Korea’s largest company reported a 35 per cent fall in operating income to 2.8 trillion won (US$2.1 billion), versus the 3.7 trillion won average of analysts’ estimates. Revenue came to 67 trillion won, compared with projections … Read more
The government on Sunday said GST officers have detected 29,273 bogus firms involved in fake Input Tax Credit (ITC) claims of Rs 44,015 crore in eight months till December 2023 during a drive against fake registration, which helped save revenue of Rs 4,646 crore. In the October-December quarter, 4,153 bogus firms that involved suspected ITC … Read more
New Delhi: Edtech company Unacademy’s losses decreased by about 40 per cent in FY23, as its revenue grew at 26 per cent in the fiscal year ending March 2023. To reduce losses, Unacademy also laid off about 1,500-2,000 employees in several restructuring exercises. The Peak XV Partners-backed edtech platform reduced its loss to Rs 1,678 … Read more
It was another record-breaking year for Canada’s richest CEOs. In one work day, and less than a half hour into the new year — 27 minutes to be exact — Canada’s 100 highest-paid CEOs will have already earned the average worker’s annual salary, according to a new study by the Canadian Centre for Policy Alternatives (CCPA). It translates to roughly … Read more
New Delhi: E-commerce platform Snapdeal has registered Rs 388 crore in revenue in FY23, as it significantly reduced losses by 45 per cent to Rs 282 crore in the last financial year, as compared to Rs 510 crore in FY22. The company has claimed profitability in the third quarter of the current fiscal year (FY24). … Read more
The past calendar year has been a banner one for best-selling, critically acclaimed video games. Blockbuster titles like Alan Wake 2, Marvel’s Spider-Man 2 and Super Mario Bros. Wonder headlined a year full of critically acclaimed games that sold tens of millions of copies. But behind the screens, the games industry has been in a dramatic … Read more
The Toronto Blue Jays are reportedly one of the last teams still in the running to sign baseball’s superstar Shohei Ohtani. Baseball insiders say it will take between $500-$600 million to land the Japanese phenom. But for Rogers Communications, the company that owns the team, this isn’t just about baseball. They want Ohtani to come to … Read more
