Wednesday, November 6, 2024

Author: Ashutosh Dubey

Raymond Lifestyle registered a 69.72% drop in consolidated net profit to INR 42.18 crore for the second quarter ending September 2024, due to weak demand and high inflation. Raymond’s revenue from operations drops to INR 1,708.26 cr According...
Brigade Hotel Ventures Limited, a major private hotel asset owner in South India, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for its IPO. This IPO aims...

TreeHouse Hotels introduces hi-way MOTELS, eyes growth

TreeHouse Hotels & Resorts, part of Karma Hospitality LLP, has introduced hi-way MOTELS. This new addition expands their brand portfolio, which already includes The...

Godrej refuses to cut palm oil content despite Unilever’s move

Godrej Consumer Products announced it will not lower soap quality by reducing palm oil, responding to Hindustan Unilever's (HUL) move to cut palm oil...

D2C brand Bummer introduces vending machines for innerwear

In a move to make shopping easier for its customers, Indian D2C innerwear brand Bummer has launched India's first vending machines for innerwear. This...

Reliance Retail partners with Californian brand YTTP to introduce vegan skincare items

Reliance Retail’s Tira has announced the exclusive launch of California-based skincare brand Youth To The People (YTTP) in India. As the sole distributor, Reliance...

Swiggy Instamart’s Karthik Gurumurthy debuts cricket activewear brand Ten X You

Karthik Gurumurthy, the former architect of Swiggy Instamart, has unveiled his new venture, Ten X You, an activewear brand he founded in July. He...

India’s Textile Industry to see 6-8% growth in FY25 driven by US demand

India's home textiles industry is likely to see revenue growth of 6-8% for the fiscal year, with significant expansion coming from the domestic market...

Everstone Capital pauses plan to divest 13.17% stake in Restaurant Brands Asia

Everstone Capital has paused its plans to sell its 13.17% stake in Restaurant Brands Asia (formerly Burger King India). This decision came after talks...

Swiggy’s IPO receives 11% subscription on opening day, sluggish start

Swiggy's initial public offering (IPO) had a slow start on November 6, the first day of bidding, with only 11% of the shares...

FSSAI plans discussions with quick commerce firms on sale of near-expiry food items

Due to the current controversy about food safety at a Zomato warehouse, the Food Safety and Standards Authority of India (FSSAI) plans to meet...

Swiggy secures INR 5,085 Cr before IPO, issues 13.03 Cr shares

Foodtech giant Swiggy raised INR 5,085 Cr on Tuesday, November 5, from anchor investors at INR 390 per share, ahead of its IPO. The...

Novel Jewels to invest INR 5000 Cr in opening 100 stores across India

Aditya Birla Group’s Novel Jewels plans to open 100 stores across India in the next 18 months, investing INR 5,000 crore. This was stated...

Meesho pulls gangster Lawrence Bishnoi t-shirts after public outcry

Meesho, a major e-commerce platform, has faced backlash on social media for selling t-shirts with gangster Lawrence Bishnoi. Users are accusing the company of...

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