Walmart on Wednesday said that it wants to build or convert more than 150 shops over the next five years, as well as refurbish existing ones. Walmart said in 2016 that it was halting new store openings and instead investing in online activities, technology, and shop remodels to compete with Amazon. A company spokesman stated that the […]
Boat, a consumer electronics brand said that Bollywood star Ranveer Singh has joined as an investor and the official face of its audio goods, according to the press release. Singh invested an unknown amount in the company. According to the statement, Singh’s entrepreneurial energy and extensive awareness of Gen Z and millennial audio tastes make him a […]
Dabur said on Wednesday that it will invest Rs 135 crore to establish a new manufacturing site in south India. Dabur India said in a statement that the facility would produce a variety of Dabur’s Ayurvedic Healthcare, personal care, and home care products, including Dabur Honey, Dabur Red Paste and Odonil air fresheners. The board […]
Lotte Wellfood, a Korea-based FMCG firm, will establish a new manufacturing plant in Haryana to produce its product Lotte Pepero, the company announced in a press release on Wednesday. The FMCG major stated that it has set up more than Rs 200 crore for the establishment of this new production plant. “This investment aims to […]
India’s gold demand is anticipated to be low in the first quarter of 2024 owing to reduced jewellery sales, but yearly demand is expected to climb as customers adjust to higher costs, according to the World Gold Council (WGC) on Wednesday. Higher purchases in the world’s second-largest gold consumer may sustain prices, which are nearing […]
The price of 24-carat gold witnessed a marginal decline, dropping by Rs 50 in the early hours of Friday’s trading session. According to the latest data from the Good Returns website, 10 grams of the precious metal are now priced at Rs 62,950. Conversely, the silver market saw a notable increase, with the price rising […]
Mahindra Logistics (MLL) has revealed that the construction of a warehousing facility in Phaltan, Maharashtra, with an investment of Rs 170 crore. The strategic move aims to cater to the rising demand in the region, particularly within the automotive and manufacturing sectors. Spanning 6.5 lakh square feet, the facility will be built in two phases. […]
In a move aimed at further incentivising fresh investments in the manufacturing sector and promoting ease of compliance, the Indian government is reportedly considering extending the lower tax rate of 15 per cent for companies establishing new manufacturing units. As per reports, this extension is likely to be announced in the upcoming Interim Budget scheduled […]
Hyundai Motor’s Indian unit on Friday said it would invest Rs 6,000 crore in the western state of Maharashtra, while also disclosing that it had completed the acquisition of General Motor’s plant in the state. India’s second-largest carmaker by sales did not disclose a deal value for the Talegaon plant or give details of its […]
Foxconn, also known as Hon Hai Precision Industry, on Wednesday said it has struck strategic collaboration deal with HCL Group to establish a chip packaging and testing venture in India. According to filings on the Taiwanese stock exchange, Foxconn Hon Hai Technology India Mega Development, a subsidiary of the Taiwanese giant, is set to invest […]
