Tata Coffee has received approval from its board for a capacity expansion of its wholly-owned subsidiary in Vietnam with an investment of Rs 450 crore. The regulatory filing by the company stated that the board has given the green light for the establishment of an additional 5,500-tonne freeze-dried coffee facility in Vietnam. The investment for […]
Fashion group SMCP, the owner of French fashion labels Sandro and Maje, announced on Thursday that it has entered into a deal with Reliance for expansion into India. The company will join other prestigious European brands in opening stores in the Jio World Plaza mall in Mumbai. According to SMCP CEO Isabelle Guichot, “There aren’t […]
Domestic wine producer Sula Vineyards stated on Wednesday that the recent unexpected rains in Nasik will not significantly affect its business, despite some damage to vineyards. According to Sula Vineyards CEO Rajeev Samant in a regulatory filing, the net impact of these rains has actually been positive in many ways, providing much-needed water to rain-deficient […]
Prosus, the largest shareholder in Swiggy, revealed a 35 per cent reduction in its share of the Indian food-delivery giant’s losses, amounting to USD 208 million for the half-year period ending on 30 September. Prosus, based in Amsterdam and affiliated with the South African conglomerate Naspers, holds a 32.7 per cent stake in Swiggy. Considering […]
Chinese payment group Alipay, a subsidiary of Ant Group, is reportedly planning to divest its 3.4 per cent stake in the food delivery platform Zomato for approximately USD 400 million through block deals on Indian stock exchanges, the news agency Reuters reported. Alipay is set to sell its entire 3.44 per cent stake in the […]
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. […]
In a strategic move to cut costs and diversify its supply chain, Walmart, the world’s largest retailer, has significantly increased its imports from India, reducing its reliance on China, according to exclusive data obtained by Reuters. Data from bill of lading figures, shared by data firm Import Yeti, reveals that Walmart shipped a quarter of […]
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 […]
