India

Godrej Consumer may acquire Raymond’s consumer care business
27 Apr

Godrej Consumer may acquire Raymond’s consumer care business

Priyanka Bhowmick0 CommentsBusiness, India,
Godrej Consumer Products is reportedly in talks with Raymond for its male grooming brands Park Avenue and Kamasutra condoms. The potential deal will give Godrej Consumers a big game in the categories of men's personal care and sexual wellness. The Sinhania family-backed Raymond has been trying to isolate his consumer care business for more than two years, the Economic Times reported, citing people familiar with the matter. Godrej Consumer Products had acquired hair care brand bBlunt in the past but if the deal goes through, it will be the first major deal with an Indian brand. Last year, direct-to-consumer firm…
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Uttar Pradesh wins award for cleanliness campaign
26 Apr

Uttar Pradesh wins award for cleanliness campaign

Business Correspondent0 CommentsIndia
Uttar Pradesh has been felicitated with the HUDCO award(2022-2023). It is given for the Best Practices to Improve the Living Environment. The state received an amount of rupees 1 lakh along with the award. Award was given to Neha Sharma, state(UP) mission director, during an event scheduled on the 53rd Foundation Day of the Housing and Urban Development Corporation Limited (HUDCO), in New Delhi, on Tuesday.
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Former Punjab CM Parkash Singh Badal passes away at 95
26 Apr

Former Punjab CM Parkash Singh Badal passes away at 95

Priyanka Bhowmick0 CommentsIndia
Five-time former Punjab chief minister and Akali Dal patriarch Parkash Singh Badal died on Tuesday at a private hospital in Mohali. He was 95 years old."S.Prakash Singh Badal succumbed to his illness despite proper medical management. Fortis Hospital Mohali deeply mourns the death of S.Prakash Singh Badal," a statement from the hospital said. Hospital director Abhijit Singh told the news agency PTI that the Punjab leader died around 8 pm..The former chief minister was admitted to Fortis Hospital in Mohali a week ago after complaining of discomfort while breathing.
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Zomato shares rally 8% amid large block deal
26 Apr

Zomato shares rally 8% amid large block deal

Priyanka Bhowmick0 CommentsIndia, Business
Zomato shares rose 8 percent in Tuesday's early session amid strong trading volumes and demand from traders on Broker Street. With the stock rising, the food delivery player has recovered a market capitalisation (M-cap) of Rs 50,000 crore. About 66.8 lakh equity shares worth Rs 39.36 crore exchanged hands on BSE till 10.30 am, higher than its two-week average trading volume, according to data from BSE. On the other hand, 9.78 crore shares worth Rs 577.03 crore were traded on the National Stock Exchange (NSE). Shares of Zomato jumped nearly 8 percent to 60.40 on Tuesday, but the stock gave…
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Coca-Cola drove 3 billion transactions in India
25 Apr

Coca-Cola drove 3 billion transactions in India

Priyanka Bhowmick0 CommentsBusiness, India,
Buoyed by sales of 3 billion Coca-Cola products in a country of 1.4 billion in the March quarter, global CFO and president John Murphy said on Monday that the Indian economy is "resilient with a strong job market and robust consumption". The soft drink major said it increased availability by more than 3 lakh stores in India in the first quarter, driving an estimated 3 billion transactions at the affordable point. At the beginning of the summer, the company added 40,000 coolers, The Coca-Cola Company said in its global earnings statement. “During the first quarter, the company and its bottling…
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Amritpal Singh arrested in Punjab, Sent To Assam Jail
24 Apr

Amritpal Singh arrested in Punjab, Sent To Assam Jail

Priyanka Bhowmick0 CommentsIndia
More than a month after a massive manhunt for him, Waris Punjab De leader Amritpal Singh, 30, was arrested on Sunday morning outside a gurdwara in Rode village in Punjab's Moga district.The road is the ancestral village of slain Sikh militant leader Jarnail Singh Bhindranwal, after whom Amritpal styles himself. It was in Moga district that Amritpal evaded arrest on March 18, when a crackdown on him and his organization began.Amritpal's arrest came days after his wife, a British national, Kirandeep Kaur was prevented from boarding a flight to Birmingham at Amritsar airport on April 20. Police said he was…
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Reliance Retail enters into joint venture for toy manufacturing
24 Apr

Reliance Retail enters into joint venture for toy manufacturing

Priyanka Bhowmick0 CommentsBusiness, India
Reliance Retail announced on Sunday (April 23) that it has entered into a joint venture with a Haryana-based company for local production of toys to meet the growing demand. Reliance Retail currently owns the British toy brand Hamless and the homemade toy brand Rowan. The new venture will cater to both toy brands, sources said. Reliance Retail is playing a major role in the B2B toys segment, operating through Rowan. "We had a JV with Circle E retailer to produce toys for vertical integration for our toy retail business," Dinesh Taluja, CFO of Reliance Retail, said during an earnings call…
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ISRO launches PSLV-C55/TeLEOS-2 mission
22 Apr

ISRO launches PSLV-C55/TeLEOS-2 mission

Priyanka Bhowmick0 CommentsIndia
Indian Space Research Organization (ISRO) Polar Satellite Launch Vehicle C55 (PSLV-C55) carrying Singapore's TeLEOS-2 as primary satellite and Lumelite-4 as the co-passenger satellite takes off from Satish Dhawan Space Centre, Sriharikota. 22 April. "Congratulations to PSLV and NSIL for this successful launch," ISRO Chairperson S. "Interesting things" are lined up in the near future, says Somnath As detailed by ISRO, PSLV-C55 is a dedicated commercial PSLV mission of Newspace India Limited (NSIL), which is an international satellite customer in Singapore. TeLEOS-2 a synthetic aperture radar satellite will be the primary satellite and Lumelite-4 a technology demonstration nano-satellite will be the…
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Reliance Jio Q4 net profit up 13%
22 Apr

Reliance Jio Q4 net profit up 13%

Priyanka Bhowmick0 CommentsBusiness, India
Reliance Jio, the country's largest telecom operator, on Friday reported a 13 per cent increase in net profit for the fourth quarter ended March 2023, the company said in a regulatory filing. In the one-year-ago period, Reliance Jio posted a net profit of Rs 4,173 crore. Its income from operations rose nearly 12 percent to Rs 23,394 crore in the reported quarter from Rs 20,945 crore in the March 2022 quarter.For the year ended March 31, 2023, the company's net profit rose nearly 23 percent to Rs 18,207 crore from Rs 14,817 crore in 2021-22. Annual income from operations rose…
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Amazon to expand office supplies business in Europe
21 Apr

Amazon to expand office supplies business in Europe

Priyanka Bhowmick0 CommentsBusiness, India,
In Europe, the business first launched in Germany in 2016, followed by Britain in 2018 and Italy, Spain and France in 2018.Amazon's business clients in the region include Centrica, Siemens Gamesa and ABB, the company said, and it offers IT and healthcare equipment and school products. Amazon declined to say which countries it would target next. It's spending time for European companies to buy things like office chairs, desks, paper and printer ink in bulk, Gagnon said, with the goal of winning contracts to supply them. The business offers potentially higher margins than Amazon's core consumer business, as it's cheaper…
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