Tag: business news stocks

This business owner brought most of his manufacturing home from China — and feels punished for itThis business owner brought most of his manufacturing home from China — and feels punished for it

A Canadian company that manufactures children’s toy couches finds itself facing a stiff bill for import tariffs after bringing production home to this country. While Barumba Play is no longer importing a majority of its product, a single component of the couches has been reclassified by the Canada Border Services Agency and is no longer tariff-free. The company’s flagship product is a couch for children made of pieces that can be easily taken apart and reassembled for play. Sara Feldstein founded the company in Markham, Ont., in 2021 and initially produced the couches entirely in China. As the couches were…

Godrej Industries, Godrej Consumer, Godrej Agrovet jump 1-5% after family decides to split business empireGodrej Industries, Godrej Consumer, Godrej Agrovet jump 1-5% after family decides to split business empire

Godrej Group stocks including Godrej Industries, Godrej Consumer Products and Godrej Agrovet, gained over 1-5% in early trade on Thursday after the Godrej family reached an agreement to split the conglomerate into two branches. Godrej Industries share price jumped as much as 3% to hit a fresh 52-week high of ₹989.90 apiece on the BSE, while Godrej Consumer Products shares gained 2.8% and Godrej Agrovet share price rallied 5.5%. On the other hand, Godrej Properties share price declined over 4.4% in early trade on May 2. According to the Family Settlement Agreement issued on the stock exchanges by the company,…