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Page 2947 - Business Finance

The 'Friends' trend: '90s fashion revival for back-to-school season

(Reuters) - Urban Outfitters Inc, American Eagle Outfitters Inc and other retailers are filling stores with styles from the 1990s in a bet that fanny packs, chunky-soled sneakers and high-waisted "mom jeans" will lift back-to-school sales.

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The Phoenix Mills Ltd. Reports Strong Q1 FY19 PAT at INR 597 mn, up 40% y-o-y

/ -- Q1 Retail rental income at INR 2.4 billion, up 15% y -o-y The Phoenix Mills Limited (PML), India's largest retail-led mixed-use asset developer and operator, today reported its unaudited financial results for the first quarter and 3 months ended on June 30, 2018 as approved by its Board of Directors. Financial Highlights - Q1 FY2019 Consolidated Revenue from operations at INR 4,132 million, up 4% y-o-y EBITDA at INR 1,953 million, up 11% y-o-y Profit after tax (after minority interest and before other comprehensive income) at INR 597 million, up 40% y-o-y "Aggregate retail rental income across our malls continued to show momentum during the first quarter of FY 2019, reporting a robust growth of 15% backed by an aggregate consumption of INR 17.0 billion across our malls. The hotel portfolio did quite well in what is usually a seasonally weak quarter for the hotel industry due to very low inbound tourist traffic. With 5 acquisitions during the last 14 months, comprising a ...

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Rockefeller Foundation Appoints Deepali Khanna as Managing Director for Asia

US-based Rockefeller Foundation today said it has appointed Deepali Khanna as Managing Director for Asia with immediate effect. Khanna will be the first Indian female leader of the Foundation in Asia and will oversee the Foundation's programmes, initiatives, policy, advocacy, grant making, and partnerships in the Indian sub-continent, China, and Southeast Asia, the Foundation said in a statement. The Rockefeller Foundation has a global grant making portfolio of around USD 200 million per year. Khanna joined Rockefeller Foundation in 2015. Prior to that she served as Director of Youth Learning with The MasterCard Foundation. She also held multiple leadership positions with Plan International, including Country Director, Vietnam (2003-2007) and Regional Director for East and Southern Africa (2007-2010).' Khanna earned her bachelor's degree in Sociology from Delhi University and holds a certificate from the Humanitarian Leadership Programme at Harvard Business School. "Expanding our work

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