Author: M Haziq Pandit
Breaking News
Apparel companies anticipate weak retail market during festive season
Apparel͏͏ companies͏͏ anticipate͏͏ a͏͏ weak͏͏ retail͏͏ market͏͏ during͏͏ the͏͏ festive͏͏ season.͏͏ According͏͏ to͏͏ a͏͏ survey͏͏ by͏͏ the͏͏ apparel͏͏ industry͏͏ body,͏͏ 63%͏͏ of͏͏ respondents͏͏ expect͏͏...
Danone to invest €20 Mn in Punjab plant over four years
Food and beverage giant Danone announced a €20 million investment to expand its specialised nutrition facility in Lalru, Punjab, over the next four years....
As quick commerce boom continues, Tiger Global eyes stake in Zepto
As the quick commerce competition intensifies in India, with companies branching out from FMCG and groceries to a broader range of consumer goods, Tiger...
Adani Airport’s JV April Moon Retail to acquire 74% stake in Cococart Ventures for INR 200 Cr
April Moon Retail Private Limited, a joint venture of Adani Airport Holdings Limited, is set to acquire a 74% stake in Cococart Ventures Private...
IPO-bound Swiggy facing INR 327 Crore GST demand
Foodtech giant Swiggy faces potential goods and services tax (GST) liabilities totaling INR 326.7 crore, as indicated in its recently submitted updated draft red...
Swiggy allocates lion’s share of IPO proceeds to expand Instamart dark stores
Swiggy's updated prospectus, filed on Thursday for its initial public offering (IPO), reveals the Bengaluru-based company's plans to continue investing heavily in its quick...
Swiggy’s IPO could net Prosus $500 Mn; founders set to cash out $36 Mn
Swiggy’s largest investor, Prosus, stands to gain over $500 million from the food and grocery delivery firm's upcoming IPO, as it plans to offload...
Zomato’s Co-Founder and CPO Akriti Chopra resigns
Foodtech giant Zomato's co-founder and Chief People Officer (CPO) Akriti Chopra has resigned from the company.In͏͏ an͏͏ exchange͏͏ filing͏͏ with͏͏ the͏͏ BSE,͏͏ the͏͏ foodtech͏͏...
Swiggy’s revenue surpasses INR 10,000 Cr in FY24 as losses nearly halved
IPO-bound Swiggy reduced its losses by 44% for the financial year ending March 31, 2024. The decacorn startup reported a net loss of INR...
Diageo North America acquires Ritual Zero Proof to strengthen non-alcoholic spirits portfolio
Diageo North America has acquired non-alcoholic spirits brand Ritual Zero Proof to capitalise on the growing demand for alcohol alternatives.Rapid͏͏ Growth͏͏ of͏͏ Ritual Zero...
Coca-Cola and Bacardi to launch co-branded ready-to-drink cocktail in 2025
Coca-Cola and Bacardi are planning to introduce a co-branded ready-to-drink cocktail next year,͏͏ building͏͏ on͏͏ Coca-Cola's͏͏ recent͏͏ collaboration͏͏ with͏͏ Brown-Forman͏͏ for͏͏ Jack͏͏ Daniel's.Market͏͏ Focus:The͏͏...
Festive season boosts gold and silver prices, experts predict further increases
Gold and silver prices are rising due to strong demand, and this momentum is expected to continue throughout the festival season.In͏͏ the͏͏ current͏͏ financial͏͏...