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Nike to slash over 1,600 jobs to cut costs

San Francisco, Feb 16 (IANS) Sportswear giant Nike has said that it will lay off about two per cent of its workforce or more than 1,600 employees in order to cut costs.In an internal memo to employees seen by The Wall Street Journal, Nike…

FII selling countered by domestic funds

New Delhi, Feb 16 (IANS) The market has been range bound in recent days due to bouts of selling and buying, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.During the last two days, FIIs sold equity worth Rs…

CM Siddaramaiah to present budget today

Bengaluru, Feb 16 (IANS) Karnataka Chief Minister Siddaramaiah is all set to present the state budget on Friday in the Assembly here.This will be his 15th budget presentation and eighth as the chief minister, which is the highest by any CM…