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B2B ecommerce unicorn Udaan sees drastic 50% valuation drop to $1.8 Billion in down round
Udaan, a B2B ecommerce unicorn, reported a significant reduction in its valuation, plummeting to around $1.8 billion in a down round, according to a...
Masala Chai named second-best non-alcoholic beverage globally in 2023 by TasteAtlas
Masala Chai has clinched the title of the second-best non-alcoholic beverage in 2023, as per the rankings from TasteAtlas, the online food guide. Impressively,...
Indian govt extends reduced import duty on edible oils until March 2025, implements 50% export duty on molasses
On Tuesday, the Indian government announced a one-year extension of the reduced import duty on edible oil, effective until March 2025. The initially scheduled...
Nova Agritech sets IPO price band at INR 39-41 per share, aiming to raise INR 144 Crore
Mumbai-based Nova Agritech Ltd has unveiled its Initial Public Offering (IPO), setting a price band of INR 39-41 per share. The IPO is scheduled...
Preparations in full swing as Swiggy nears mega IPO launch later this year
Online food delivery platform Swiggy's Co-Founder and CEO Sriharsha Majety has said that all preparations are underway for its mega Initial Public Offering (IPO),...
Motilal Oswal Mutual Fund divests 4.5 Cr Zomato shares in INR 621 Cr block deal
Motilal Oswal Mutual Fund initiated an open market transaction on Monday, shedding 4.5 crore shares of the leading foodtech company Zomato.According to data from...
Wow! Momo Foods secures INR 350 Crore funding led by Malaysia’s Khazanah Nasional Berhad, eyes aggressive expansion
Wow! Momo Foods secured INR 350 crore in funding from Khazanah Nasional Berhad, Malaysia's sovereign wealth fund. This represents the company's most significant capital...
Coca Cola India and Reliance Retail collaborate to launch eco-friendly recycling initiative
Coca Cola India and Reliance Retail unveiled a sustainability campaign named "Bhool Na Jana, Plastic Bottle Lautana," according to a press release issued on...
Bakery giant Greggs rides 2023 success wave, announces plans for 160 new stores in the year ahead
Greggs, the well-known high street bakery chain, has unveiled plans to open up to another 160 stores in the year ahead as it cheered...
Oyo to open 400 properties in major spiritual hotspots amidst growing demand for spiritual tourism
Oyo, the budget hospitality chain, announced on Monday its ambitious plan to unveil 400 new properties in major spiritual hotspots across the country. This...
Consumer goods companies ramp up advertising and promotional efforts, capitalizing on improved margins and market opportunities
Consumer goods companies are intensifying their advertising and promotional spending in the next few quarters, aided by the improvement in gross margins over the...
Ayodhya set to welcome India’s first veg-only 7-star hotel
The sacred city of Ayodhya is set to welcome the nation's first seven-star luxury hotel, exclusively catering to vegetarian cuisine. This city is also...