A high-level committee that met in Belgaum approved the establishment of 14 enterprises with a total capital investment of Rs 34,115 crores, which includes Foxconn’s proposal to invest an additional amount of Rs 13,911 crore in Karnataka, said Chief Minister Siddaramaiah. These capital investments are expected to employ over 13,300 people across the state, said […]
In a written response to a query in the Lok Sabha, Union Minister of State for Finance, Dr. Bhagwat Kisanrao Karad, affirmed that digital payments have witnessed a substantial surge in recent years, attributing the growth to coordinated efforts by the government in collaboration with various stakeholders. According to the Minister, the total volume of […]
Ola Electric, an electric vehicle (EV) manufacturer in the space of electric scooters, is preparing for an initial public offering (IPO). This marks the first IPO by an Indian automaker in over two decades since Maruti Suzuki in 2003 and is slated for conclusion in the fiscal year 2024. With a target to secure between […]
Furniture brand Pepperfry reported a revenue of Rs 272.3 crore in the fiscal year ending March 2023, reflecting a modest 10 per cent growth, signalling success in its omnichannel expansion strategy. Despite a marginal increase in total expenses to Rs 474 crore, the Mumbai-based firm narrowed its losses to Rs 187.6 crore from Rs 194 […]
Motisons Jewellers will open its initial public offering (IPO) for subscription from 18 December to 20 December, with the allocation to anchor investors scheduled for December 15. The Jaipur-based retail jeweler, which filed its Draft Red Herring Prospectus (DRHP) in March and obtained regulatory approval in September, raised Rs 33 crore in a pre-IPO funding […]
Coca-Cola India has launched Lemon-Dou, its inaugural alcoholic ready-to-drink beverage, marking the company’s foray into alcohol. Initial tests for Lemon-Dou are underway in Goa and select areas of Maharashtra. The beverage, a part of Coca-Cola’s global portfolio and called ‘Chuhai’ in Japan, blends shochu, akin to brandy and vodka, with lime flavors, extending the company’s […]
Inox India’s initial public offering (IPO) will open for subscription on 14 December and end on 18 December. The anchor investor allocation will take place on 13 December. The corporation submitted draft paperwork in August of this year, and they were approved earlier this month. The offering is entirely an offer for sale (OFS) of […]
Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo. The three-day bi-monthly monetary policy committee […]
Enforcement Directorate has filed its main Prosecution Complaint (Chargesheet) in connection with a Prevention of Money Laundering Act (PMLA) case connected to the Chinese mobile phone company Vivo in Delhi’s Patiala House Court. The chargesheet was filed against Chinese national Guangwen Kuang, Andrew, the MD of Lava International Hariom Rai, and two other individuals Nitin […]
Procter & Gamble on Tuesday revealed its plans to incur charges of up to USD 2.5 billion over two fiscal years, attributing them to the devaluation of its Gillette business and strategic restructuring in specific markets. In early trade, the company’s shares experienced an approximately 2 per cent decline. P&G detailed a non-cash impairment charge […]
