Business

Under a Lib Dem government, the headline rate for businesses would rise to 20pc among other changes Tony Blair was fond of teasing Lib Dem leader Paddy Ashdown for his long-held policy of adding 1p to income tax rates. The leader of Britain’s third party repeated the penny pledge so often that the Labour Prime Minister mocked it as “the longest ‘p’ in history”. More than 20 years later, it is still going - and they've added another 'p' to the list. The Lib Dems, now under Jo Swinson, want an extra £7bn per year from a 1pc rise in income tax rates and another penny on corporation tax, raising up to £3.1bn per year. That would take the headline rate for businesses from 19pc to 20pc. Boris Johnson... … [Read more...] about What does the Liberal Democrat general election manifesto mean for businesses?

Arvind Ltd will demerge, and list, its apparel and engineering businesses by September, as the textile major presses the accelerator on its ambitious target to reach a topline of Rs 20,000 crore, from the present Rs 11,000 crore, in 4-5 years.The demerger, Arvind’s Executive Director Kulin Lalbhai hopes, will “unleash the animal spirit” in these units. “We believe our growth rates will move from 10-12 percent today, to 16-18 percent on our Rs 11,000-crore aggregate topline,” Lalbhai said in an interview to Moneycontrol.The younger son of family patriarch Sanjay Lalbhai spearheads the real estate, digital and brand businesses in the group.Close Apart from stressing that demerger is a good news for investors, the 34-year-old is also excited by the opportunity that is up for grabs for the Indian textile industry. “We haven’t seen this kind of an opportunity in decades,” says Kulin. related news Essel Group to sell up to 16.5% … [Read more...] about Arvind Ltd to demerge and list engineering, apparel businesses by September: Kulin Lalbhai

Several Microsoft 365 services that businesses and schools depend on are currently experiencing issues. “We’ve determined that users may experience intermittent access issues with the Microsoft 365 Admin Centre, Exchange Online, SharePoint Online, Microsoft Teams, Skype for Business, and Yammer at this time. We’re continuing our investigation into the root cause and we’ll provide more information when we’ve isolated the root cause,” the outage alert on the Microsoft website reads. Microsoft is expected to provide another update by 2.30pm. Microsoft CEO Satya Nadella is coincidentally in Australia today. Picture: Tobias Schwarz / AFPSource:AFP It comes less than 24 hours after the company also experienced issues with its mail services that stopped businesses sending and receiving emails, including within their own organisations. That issue was caused by an update that was supposed to improve the email system’s ability to identify and filter … [Read more...] about Businesses grind to halt as essential Microsoft services go offline

San Francisco startup Munchery, which delivers microwavable dinners and meal kits in its hometown and other Western cities, has gone out of business, according to an email the company sent customers on Monday. “Today, with a heavy heart, we’re reaching out to announce that Munchery is closing its doors and ending operations effective immediately,” the company wrote. “Any outstanding orders with Munchery will be canceled and refunded.” Munchery was among a crop of on-demand food-delivery services that tried to do it all: make chef-prepared meals in their own kitchens, handle delivery and create their own brand names. But they couldn’t match the economics of companies like UberEats, DoorDash and Postmates offering deliveries from existing restaurants that already had kitchens, chefs and brand awareness. Munchery’s gleaming kitchens in South San Francisco, Los Angeles, Seattle and New York reportedly produced many more orders than they sold, … [Read more...] about Munchery closes on-demand meal-delivery business

Most of us will recognise the “ba da ba ba ba” McDonald’s jingle when it comes on TV – “I’m lovin’ it” was launched in 2003 as part of the fast food brand’s advertising campaign, and has become the longest-running slogan in the company’s 79-year history. But what many people don’t know is the contentious backstory behind the track, which was sung by Justin Timberlake for a reported $6m fee.  The song is widely acknowledged as being produced by The Neptunes, an American production duo composed of Pharrell Williams and Chad Hugo, as not just a corporate jingle, but as a fully-fledged Timberlake single, with composers Tom Batoy, Andreas Forberger, and Franco Tortora credited with writing the music. ... … [Read more...] about Optimistic, catchy and brief: The big business of corporate sounds