Ambuja Cements, a key player in the cement and building materials industry and a part of the diversified Adani Portfolio, has inked a definitive agreement to acquire My Home Group’s 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition, valued at Rs. 413.75 Crores and funded through internal accruals, marks a strategic move […]
In the first quarter of 2024, Apple experienced a decline of approximately 10 per cent in smartphone shipments, as revealed by data from research firm IDC. This setback was attributed to heightened competition from Android smartphone manufacturers vying for the top position. While global smartphone shipments increased by 7.8 per cent to reach 289.4 million […]
Varun Beverages, a leading bottler of PepsiCo beverages, announced on Saturday that it has commenced commercial production of soft drinks and energy drinks at its new facility in Gorakhpur, Uttar Pradesh. The company, promoted by the Jaipuria family, also disclosed plans to introduce juices and value-added dairy products at the same location, according to a […]
The Ministry of Commerce and Industry has issued a directive to all ecommerce platforms to remove Bournvita and similar drinks from the “Health Drinks” category following an inquiry by the National Commission for Protection of Child Rights (NCPCR). The commission, constituted under the Commission for Protection of Child Rights (CPCR) Act, 2005, concluded that there […]
Future Group’s Kishore Biyani has reportedly resolved debts worth Rs 571 crore with Bansi Mall Management Company creditors, settling 83 per cent of the total dues through a one-time payment of Rs 476 crore. According to media reports, the settlement, involving the iconic Sobo Central Mall in Mumbai’s Haji Ali, was facilitated by real estate […]
In a significant development ahead of its anticipated Initial Public Offering (IPO), Swiggy has seen a notable increase in its valuation, with Invesco revising its value to USD 12.7 billion, up from USD 8.5 billion in October 2023, marking a surge of over 49 per cent in just six months. This marks the third consecutive […]
Piccadily Distilleries’ Indri Single Malt Whisky has achieved a growth rate of 599 per cent compared to the previous year, Indri-Trini has broken records and secured a substantial market share in India, capturing 30 per cent of the market, the company’s press release said. The success of Indri reflects a shifting trend in consumer preferences […]
Godfrey Phillips India, a leading player in the Indian retail sector, has announced its decision to exit the operations of its retail business division, known as “24Seven.” The company shared this in an exchange filing made on Friday, 12 April. The decision was made during a board meeting held on Friday, in accordance with the […]
Flipkart, one of India’s leading ecommerce platforms, has inaugurated a new grocery fulfilment centre in Visakhapatnam, Andhra Pradesh, signalling its commitment to enhancing its grocery delivery services. The facility promises next-day delivery of groceries to consumers in the vicinity, including Visakhapatnam, Anakapalle, Kakinada, Rajahmundry, Srikakulam, and Vizianagaram. This marks Flipkart’s second grocery fulfilment centre in […]
PVR INOX, the largest and the most premium cinema exhibitor in India, on Thursday unveiled Bengaluru’s largest cinema at Phoenix Mall of Asia and its largest cinema in the South. T he 14-screen Megaplex located in the largest and one of the most premium malls in Bengaluru features three premium formats – MX4D, ScreenX, and […]
