A court-appointed Resolution Professional (RP) to oversee the ongoing insolvency process of Go Airlines has invited an Expression of Interest (EOD) from potential investors. On Monday, the airline, which operates Go First, put out a newspaper advertisement regarding the EoD with relevant details. The last date for receipt of interest by investors is August 9. […]
Akzo Noble India, a manufacturer and seller of paints and related products on Monday reported a 15 per cent year-on-year (YoY) growth in its profit after tax (PAT) at Rs 3,351 crore for the financial year 2022-23 (FY23) compared to to the previous financial year at Rs 2,900 crore. The company’s revenue from operations also […]
Saudi Arabia, the world’s largest crude oil exporter, has announced voluntary output cuts in crude oil in response to a tighter market induced by global central banks’ interest rate hikes and inflationary pressures. These cuts, initially set for this month, now have been extended to include August. Additionally, OPEC+ has agreed to further reduce production […]
The Fashion Design Council of India (FDCI) has announced its association with Reliance Brands for Hyundai India Couture Week, scheduled to be held in the national capital from 25 July to 2 August 2023. The partnership will bring additional heft to the event which has been India’s premier showcase for bridal and couture designers for […]
Kalyan Jewellers on Friday reported a 31 per cent year-on-year (YoY) growth in its consolidated revenue for the first quarter of the financial year 2024. The company said that it witnessed 34 per cent YoY for its India operations during Q1FY24. “Strong operating momentum has been consistent and sustained through the entire quarter, including during […]
Automaker Maruti Suzuki India has started exports of its newly-launched sports utility vehicle Fronx. In a release, the automaker on Thursday said the first batch, comprising 556 vehicles, was shipped from Mundra and Pipavav ports to destinations in Latin America, the Middle East, and Africa. “The newly launched Fronx is an important model in our […]
Malabar Gold & Diamonds, a jewellery retail company, unveils ‘Sparkle of Heaven,’ its latest collection from the sub-brand Mine Diamond Jewellery. The collection features unique diamonds of varied shapes skillfully incorporated into a composite design, creating the striking illusion of a larger solitaire. Each piece in this collection exudes a heavenly charm and bears a […]
MyShubhLife, a finance platform, has joined hands with PayWorld, a fintech platform focusing on retail merchants across India. According to the press note, through its NBFC Ekagrata, MyShubhLife will provide PayWorld’s retailers with easy access to credit for their working capital needs. Through its embedded technology, MyShubhLife will leverage the vast retailer base of PayWorld […]
The global furniture market is expected to grow from USD 739.44 billion in 2023 to USD 935.9 billion by 2027, with a CAGR of 6.1 per cent, according to the ‘Furniture Global Market Report 2023’ by Research And Markets. According to Expert Market Research’s report, the Indian furniture market is expected to grow at a CAGR […]
The Confederation of All India Traders (CAIT) on Thursday urged the Competition Commission of India (CCI) to pass directions to expedite the pending investigation of the CCI and to suspend operations of Amazon in India till all ongoing investigations are concluded. The apex body has sent a letter to the CCI Chairperson accusing Amazon of […]
