Basil, a consumer houseware business, said on Monday that it has secured Rs 3.6 crore in initial investment from IIMA Ventures (previously IIMA-CIIE) and Appreciate Capital. Angel investors in the round included Mohit Sadaani, Co-Founder of The Moms Co., Aprameya Radhakrishna, Co-Founder of Koo, Abhishek Goyal, Co-Founder of Tracxn, Malini Adapureddy, Founder of Deconstruct, and […]
Elista, a maker of electronics, home appliances, IT and mobile accessory items, has entered the air-conditioner market to meet consumers’ cooling needs as summer approaches, according to a media release. Pawan Kumar, CEO of Elista, said, “The launch of our air conditioners further strengthens our ecosystem in India.” The brand is aiming to generate sales […]
Toshihiro Suzuki, President of Suzuki Motor Corporation (SMC), unveiled Maruti Suzuki’s investment plans in the state of Gujarat, signalling a significant stride in the automotive sector in a major development announced during the Vibrant Gujarat Global Summit 2024 on Wednesday. In the first announcement, Maruti Suzuki India entered into an agreement with the State of […]
Food delivery platform Zomato has taken a significant step in streamlining its international operations by initiating the liquidation process for its businesses in Vietnam and Poland. The announcement, made through a regulatory filing on the Bombay Stock Exchange (BSE) on Thursday, confirmed the dissolution of Zomato Vietnam Company Limited (ZVCL) and Gastronauci, its Vietnamese and […]
Indian Tyre Manufacturer JK Tyre & Industries have successfully concluded their fund-raising plans of Rs 500 crore through a Qualified Institutional Placement (QIP), leading the stock price to trade in the green territory at Rs 401 on the National Stock Exchange (NSE). According to the official statement by the company, the QIP was priced at […]
Asian Granito’s stock surged nearly 9 per cent on 26 December, fueled by the launch of its sanitaryware manufacturing arm, AGL Sanitaryware. This marks the company’s big push into the bathroom market, leveraging its existing expertise in tiles. At 1.39 pm, shares of the company were trading nearly 6 per cent higher at Rs 75.85 […]
Gold prices witnessed a steady outlook on Tuesday. The cost of 24-carat gold is Rs.6364.0 per gm. The cost of 22-carat gold is Rs.5835.0 per gm. The price change in 24-carat gold in the last week has been -0.96 per cent, whereas, in the previous month, it was -1.48 per cent. The cost of silver […]
The global shopping phenomenon, Black Friday, continues to make waves in India. Unicommerce, an ecommerce enablement SaaS platforms, based on the orders processed on its platform, conducted an analysis of the Black Friday weekend, revealing a sharp 23 per cent increase in ecommerce order volumes as compared to the Black Friday sale weekend of 2022. […]
Honasa Consumer, the recently listed parent company of Mamaearth, delivered strong financial numbers in its first half (H1) report ending 30 September 2023. The result boosted stock prices, to rally as high as 20 per cent to hit the upper-circuit. The digital first brand reported its H1 revenue to Rs 961 crore from operations, 33 […]
With so many enticing offers available, who wouldn’t want to take advantage of discounts? Discounts are widely regarded as a pleasant component of the shopping experience; therefore, it is difficult to find someone who does not appreciate them. Due to rising inflation, consumers are seeking discounts more than ever before. The Indian retail industry, however, […]
