The founder and CEO of used car marketplace ‘Droom’, Sandeep Aggarwal said on Wednesday that the company plans to come up with an initial public offering (IPO) in March 2025. In an exclusive interview with ANI, Aggarwal said that the company is planning to restart the IPO process next year and in March 2025, the […]
The Managing Director of Lava International, Hariom Rai, has moved a bail petition in the trial court, stating that the allegations made against him are false and absurd. He has no direct or indirect control over Vivo’s business, nor has he derived any monetary benefit, nor has he engaged in any transaction with Vivo or […]
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 […]
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 […]
Consumer demand for refurbished and pre-owned items in the United Kingdom and across Europe has generated a billion pound (USD 1.3 billion) industry for Amazon, according to its UK CEO. Many merchants and manufacturers expect that tendency to continue as consumers seek to save money and purchase more sustainably in response to rising pricing and […]
Havells acquired ‘Lloyd’ in 2017 and it currently stands among the top 3 AC brands in India. Lloyd is now expanding its focus to the Middle East, offering a range of technologically advanced and energy-efficient products. The launch portfolio includes premium ACs (Fixed speed, Inverter, and Hot & Cold), front-load and semi-automatic washing machines, frost-free […]
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 […]
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 […]
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 […]
Hon Hai Precision Industry Co., the company that manufactures iPhones, is planning to invest another NT$50 billion (USD 1.6 billion) in construction projects in India to expand its footprint in the country. The company made the announcement in an exchange filing in Taiwan on Monday, stating that the investment will be for operational needs, without […]
