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Manoj Kohli, Bharat Anand Joins Bira 91 As Independent Directors

Beer brand Bira 91 has appointed Manoj Kohli and Bharat Anand as independent directors, according to a press release on Wednesday. Bringing in a wealth of experience spanning over four decades, Kohli, the former MD and CEO of Bharti Airtel and Country Head for Softbank India, now serves as a senior advisor at Deloitte India. […]

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Amazon Seller Services Net Loss Widens 33% In FY23

Amazon Seller Services, the marketplace arm of Amazon India, has reported a 33 per cent surge in its net loss for the fiscal year ending March 2023, reaching Rs 4,854 crore compared to Rs 3,649 crore in the previous fiscal period. According to regulatory filings, the company witnessed an almost 8 per cent increase in […]

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Chinese Fashion Giant Shein Files For IPO In US

Chinese fashion giant Shein has confidentially filed for an initial public offering (IPO) in the United States. Founded by entrepreneur Chris Xu in 2012, Shein has become a global fashion marketplace with a direct-selling model, targeting its millions of social media followers. The company, known for its affordable clothing, claims to have over 250 million […]

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Apple Reportedly Working On Affordable Vision Pro Headset

The US tech giant, Apple, is reportedly working on the second generation of the mixed reality Vision Pro Headset, as per the Digitimes Asia news website. The second-generation Apple Vision Pro is likely to be available in four different models, with one in the premium segment and the other three being affordable versions with minimal […]

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ITC Considers Re-entry Into Edible Oil Market With Adani Wilmar Stake Acquisition

In a surprising turn of events, it has been reported that Kolkata-based conglomerate ITC is contemplating a potential re-entry into the edible oil business, nearly two decades after it divested its edible oil plant in Andhra Pradesh to Adani Wilmar. According to media reports, ITC’s interest in Adani Wilmar has been sparked by its growing […]

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Mamaearth’s Parent Company, Honasa Consumer Denies Block Deal Reports

Honasa Consumer Care, the parent company of popular personal care brand Mamaearth, has issued a statement refuting recent reports of a block deal involving Employee Stock Ownership Plans (ESOPs). The denial comes in response to a media report on 27 November, which had suggested that employees of Honasa were poised to sell shares worth Rs […]

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Maruti Suzuki To Hike Car Prices Again In January 2024

Automaker Maruti Suzuki is yet again set to increase the prices of its cars in January. According to the automaker, the proposed hike was necessitated due to an increased cost pressure driven by overall inflation and increased commodity prices. “While the company makes maximum efforts to reduce cost and offset the increase, it may have […]

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Cello World Reports PAT Of Rs 86 Cr In Q2

Cello World, on Saturday, revealed its unaudited financial results, in which it reported a profit after tax (PAT) of Rs 86 crore for the quarter ended on 30 September 2023. The company’s revenue from operation stood at Rs 489 crore in the quarter. According to the company’s Q2 revenue breakup, 66.9 per cent of its […]

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Brands Companies Electronics Manufacturing News

Tata Electronics To Expand iPhone-Casing Unit In Hosur, Doubles Capacity

Tata Group’s Tata Electronics is likely to expand its existing iPhone-casing unit in Hosur to up to twice its current size and capacity, according to a media report on Monday. The company’s aim is to enlarge its contract manufacturing of high-end electronic items and accessories, the report added. Currently, the Hosur unit, spread across 500 […]

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Realme Crosses 200 Mn Phone Shipments In 5 Years, Enters Premium Segment

Realme, the Chinese smartphone manufacturer, said it has shipped over 200 million phones since its inception just over five years ago. According to the company’s data, most of these shipments were out of China, indicating that Realme is the fifth fastest smartphone maker to reach this significant milestone. BBK Electronics, the Chinese consumer who owns […]

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