In India’s textile industry, there exist both mechanical and chemical recycling methods. The fabric recycling structure in India is quite lazy In 2022, the textile industry emerged as a major contributor to pollution in India, ranking third after plastic and paper waste. This led it to be a significant source of environmental concern, the textile […]
In the early trade on Monday, the price of 24-carat gold saw a decline of Rs 10, with ten grams selling at Rs 62,940, as reported by the GoodReturns website. Simultaneously, the price of silver experienced a Rs 100 decrease, with one kilogram selling at Rs 74,400. The price of 22-carat gold also witnessed a […]
Yum Restaurants India sold its whole 4.4 per cent share in Devyani International on Wednesday for Rs 871 crore in an open market transaction. Devyani International, the Quick Service Restaurant (QSR) operator, is a franchisee of Yum Brands, which runs KFC, Pizza Hut, and Taco Bell in India. SBI Mutual Fund (MF), Axis MF, Franklin […]
Commerce and Industry Minister Piyush Goyal on Wednesday, emphasised India’s commitment to fair and open negotiations in trade and investment agreements, ensuring the interests of the people are safeguarded. Speaking at the CII India-Europe conclave, Goyal mentioned that countries engaging in Free Trade Agreements (FTAs) and investment pacts with India should recognise the substantial market […]
Aditya Birla Group Chairman Kumar Mangalam Birla, on Thursday, unveiled products and services under its new decorative paints brand “Birla Opus”, aiming for Rs.10,000 crore gross revenue within three years of full-scale operations. This marks the Aditya Birla Group’s entry into the rapidly expanding Rs 80,000 crore Indian decorative paints market, with an unprecedented level […]
Indian ecommerce giant Flipkart has been engaged in discussions in recent weeks regarding a potential acquisition of Dunzo, the hyperlocal delivery startup backed by Reliance Retail, according to media reports. However, complexities surrounding Dunzo’s ownership structure have reportedly posed challenges in finalising an acquisition deal, as per a media report. Despite these challenges, talks between […]
The stock has generated more than 27 per cent returns year-to-date outperforming the benchmark indices Nifty and Sensex The e-commerce player Zomato has witnessed optimistic sentiments from investors after posting robust growth in recent quarters. Its stock has been riding a bullish wave in 2024, delivering more than a 27 per cent return year-to-date (YTD). […]
Flipkart had its best Big Billion Days (BBD) in 2023, driving Walmart’s foreign sales growth in the fourth quarter of FY24. During the quarter, the US-based retailer’s overseas sales rose 17.6 per cent year on year (YoY) to USD 32.4 billion. In constant currency terms, revenues for the category increased by 13 per cent YoY to USD 31.2 billion. Other […]
Yum Restaurants India is expected to exit quick service restaurant giant Devyani International by selling a 4.4 per cent interest in a block sale on Wednesday, according to media reports. Yum Restaurants expects to raise around Rs 815 crore from the deal, it said. The floor price for the sale has been set at Rs […]
US asset manager Davidson Kempner, owner of Britain’s Oak Furnitureland, is in talks with Superdry co-founder Julian Dunkerton about backing an offer for the clothes brand, Sky News said on Monday, the news agency Reuters reported. According to the article, the discussions are still in the early stages, and there is no certainty that Davidson Kempner […]
