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Buzzing stocks in today’s trade: Zomato, Nestle, Raymond Realty, Senco Gold, RMC Switchgears, Indo Count, Adroit Info, Wipro
BusinessLine· 2026-01-22 02:29
Group 1 - Eternal Group's CEO Deepinder Goyal is stepping down, with Albinder Dhindsa named as his successor effective February 1, indicating a transition aimed at maintaining business continuity while allowing Goyal to explore research-driven ventures outside the constraints of a listed company [1] - Nestle India Ltd has had its income tax department's appeals dismissed by the Supreme Court, providing closure to a long-running litigation involving ₹101.21 crore related to disallowed general licensing fees for multiple financial years [2] - Raymond Realty has launched 'The Address by GS, Wadala', a residential redevelopment project with an estimated revenue potential of ₹5,000 crore, marking its strategic entry into a rapidly evolving neighborhood in Mumbai [3] Group 2 - Simplex Infrastructures Ltd has been awarded a new EPC contract in the power sector worth approximately ₹154 crore, which will strengthen its order book [4] - Senco Gold Ltd has approved the acquisition of a 68% stake in August Jewellery Private Ltd for a total cash consideration of ₹68 crore, expected to be completed by April 30, 2026 [5] - RMC Switchgears Ltd has received Letters of Intent amounting to ₹27.94 crore for the supply of Fiber Reinforced Plastic fencing for transformer centres in various locations [6] Group 3 - Indo Count Industries has commenced commercial production of pillows at its new manufacturing facility in North Carolina, completing its coast-to-coast US manufacturing footprint [7] - Verso Altima India Pet Ltd has secured a major order worth ₹4.6 crore from Amdocs Development Ltd for Application Maintenance Support Services over five years [8] - Fischer Medical Ventures Ltd has announced an internal reorganization involving the transfer of shares in its foreign subsidiary to enhance operational efficiency [9] - Wipro Limited has incorporated a new step-down subsidiary in the US, Wipro Business Services LLC, to strengthen its global IT services operations [10]
US-made bedding brand to liquidate in Chapter 7 bankruptcy
Yahoo Finance· 2025-12-12 19:47
Group 1: Consumer Sentiment on American-Made Products - 69% of Americans consider "made in the USA" to be at least somewhat important, but 37% are unwilling to pay more for such items, with 26% willing to pay only 5% more and 21% willing to pay 10% more [1] Group 2: Cost Challenges for U.S. Manufacturing - The higher cost of labor in the U.S. is a primary hurdle for manufacturers, as American wages are significantly higher than those in developing countries [2] - Setting up or upgrading manufacturing plants in the U.S. incurs additional expenses, further complicating competitiveness [2] - Many companies find that their overseas facilities do not meet U.S. production standards, necessitating significant investments in infrastructure and technology [3] Group 3: Impact on Pricing and Competition - Products made in the U.S. would be considerably more expensive, affecting consumer purchasing decisions [4] - The efficiency of global production methods helps lower prices and improve living standards, making it difficult for U.S. brands to compete on price [5] Group 4: Company-Specific Developments - Sol Beauty, a California company specializing in bedding products for salons and massage studios, has filed for Chapter 7 bankruptcy and plans to liquidate [6] - Sol Beauty's product offerings include memory foam toppers and pillows used in spa and massage services [7]
Purple Innovation to Report Second Quarter 2025 Results on July 29, 2025
Prnewswire· 2025-07-21 20:05
Company Overview - Purple Innovation, Inc. is a comfort innovation company specializing in mattresses designed to provide "less pain, better sleep" [1] - The company is recognized as a leader in sleep technology, utilizing its patented GelFlex Grid® material to relieve pressure and enhance sleep quality [4] Upcoming Financial Results - Purple will report its second-quarter 2025 financial results on July 29, 2025, at approximately 4:05 p.m. ET [1] - A conference call to discuss these results will take place on the same day at 4:30 p.m. ET, with participation details provided for investors and analysts [2] Product Offerings - Purple's product range includes mattresses, pillows, cushions, frames, sheets, and more, available online and through various retail channels [5] - The GelFlex Grid® technology adapts to movement, balances temperature, relieves pressure, and provides support, contributing to a deeper sleep experience [5]
Purple Innovation to Report First Quarter 2025 Results on May 6, 2025
Prnewswire· 2025-05-02 20:07
Company Overview - Purple Innovation, Inc. is recognized for creating the "World's First No Pressure™ Mattress" and is a leader in comfort innovation [1] - The company specializes in premium mattresses featuring the GelFlex® Grid technology, which is designed to enhance restorative sleep and reduce aches and pains [4] Financial Results Announcement - Purple will report its first quarter 2025 financial results on May 6, 2025, at approximately 4:05 p.m. ET [1] - A conference call to discuss these results will take place on the same day at 4:30 p.m. ET [1] Participation Details - Investors and analysts can join the conference call by dialing 800-715-9871 (domestic) or 646-307-1963 (international) using Conference ID 7609054 [2] - A live webcast of the call will also be available on the company's investor relations website [2] Replay Information - A telephone replay of the conference call will be accessible until May 13, 2025, by calling 800-770-2030 and entering the Conference ID [3] - A webcast replay will be available on the investor relations section of the company's website for 30 days following the call [3] Product Availability - Purple's products, including mattresses, pillows, cushions, frames, and sheets, are available online at Purple.com, in 55 Purple stores, and over 3,000 retailers nationwide [4]
Purple Innovation to Report Fourth Quarter and Full Year 2024 Results on March 13, 2025
Prnewswire· 2025-03-12 20:05
Company Overview - Purple Innovation, Inc. is recognized for creating the "World's First No Pressure™ Mattress" and is a leader in comfort innovation [1] - The company specializes in premium mattresses featuring the GelFlex® Grid technology, which is designed to enhance restorative sleep and reduce aches and pains [4] Financial Results Announcement - Purple will report its fourth quarter and full year 2024 financial results on March 13, 2025, at approximately 4:05 p.m. ET [1] - A conference call to discuss these results will take place on the same day at 4:30 p.m. ET [1] Participation Details - Investors and analysts can join the conference call by dialing 844-481-1976 for domestic calls or 412-317-0642 for international calls [2] - A live webcast of the call will also be available on the company's investor relations website [2] Replay Information - A telephone replay of the conference call will be accessible until March 27, 2025, using the number 877-344-7529 for domestic and 412-317-0088 for international calls, with Conference ID 4514096 [3] - A webcast replay will be available on the investor relations section of the company's website for 30 days following the call [3]