Lynk’s Weekly Round Up

There are 6 extremely accomplished  billionaire women who have made their mark in India and further.

It was International Women’s Day this week, in line with this, Business Standard highlighted the six wealthiest women in India. These influential women are all billionaires who stand out from the crowd. With a net worth of US$8.8 billion, Savitri Jindal is top of the list as chairman of the Jindal Group. Kiran Mazumdar Shaw is also a notable inclusion with her US$3.6 billion fortune as Chairperson and MD of Biocon, she is India’s wealthiest entrepreneur.

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New beats by Dre are pushed to be released by Apple by 2019.

Apple’s next new product could be in the headphones space. The company bought Beats by Dre in 2014 for US$3 billion giving them control over arguably one of the biggest headphones brands in the worlds. Rumours have begun to circulate that Apple plan to be producing a set of over ear phones, with noise cancelling technology aimed at negating ambient noise and emphasising music quality. According to Bloomberg, they were originally slated for a late 2018 release, yet unforeseen problems have pushed the release date back to 2019.

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Lego sales are falling for the first time in 14 years.

LEGO has seen a fall in sales for the first time since 2004. In spite of the popularity and profitability of the recent LEGO movies, sales dropped by eight percent in 2017. Niels Christiansen, LEGO CEO, was understandably not happy, being quoted as  “not satisfied with the financial results” yet remaining optimistic for 2018. While still the world’s most profitable toymaker over competitors such as Hasbro, LEGO may face its biggest test in over a decade.

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