Nykaa Founder Signs MoU with IIM-A

September 28, 2022 2:54 pm

While speaking at the MoU signing ceremony at IIM Ahmedabad (IIM-A) on September 27 where Nykaa and the B-school established ‘Nykaa Chair in Consumer Technology’, Nykaa founder and CEO Falguni Nayar spoke about the ‘Lipstick Effect’. She said that post the second wave of the Covid pandemic, websites like Nykaa registered higher sales of skin […]

Apple Launches iPhone 14 Series; To Be Available in India From Sept 16

September 8, 2022 3:08 pm

Apple launched its much-awaited iPhone 14 series during its ‘Far Out’ event in California on September 7. The new lineup has four models—iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max. The latest iPhone models will be available in India from September 16, except for the Plus model, launched instead of […]

India To Launch ‘Cervavac’ To Counter Cervical Cancer In Women; To Be Available At INR 200-400

September 2, 2022 1:29 pm

The Minister of State (Independent Charge) for the Ministry of Science and Technology, Jitendra Singh on Wednesday, September 1, 2022 announced India’s first indigenously-developed quadrivalent human papillomavirus ‘Cervavac’ vaccine protecting against HPV types 6, 11, 16, and 18 to be available in Indian markets at an affordable price range between INR 200-400. While stating the […]

Lulu Group Plans To Develop More Shopping Malls In India

August 15, 2022 6:37 pm

UAE-based Lulu group plans to develop about a dozen more malls in India. The group has five operational malls in India at Kochi, Trivandrum, Thrissur, Bengaluru and Lucknow, worth 7,000 crores. Lulu Group Chairman and Managing Director M A Yusuff Ali hail from the Thrissur district of Kerala. Shibu Philips, Director-Shopping Malls of Lulu Group […]

Adani To Acquire Stake In MAIF’s Gujarat & AP Road Toll Portfolio

August 5, 2022 9:00 am

Adani Road Transport Limited (ARTL) is preparing to acquire stakes in Macquarie Asia Infrastructure Fund (MAIF)’s Gujarat and Andhra Pradesh road toll portfolio at a total investment of Rs3,110 crore. The wholly-owned subsidiary of Adani Enterprises Limited (AEL) is expected to get a 56.8% stake in Gujarat Road and Infrastructure Company Ltd (GRICL) and a […]

Reliance Jio Ready To Roll out World’s Most Advanced 5G Network

August 2, 2022 12:38 pm

Reliance Jio has emerged as a winner in the 5G network auction held by the Department of Telecommunications in July. Reliance Jio has acquired spectrum bands in the 700MHz, 800MHz, 1800MHz, 3300MHz, and 26GHz, aggregating Rs88,078 crore. While the bands have been acquired for a period of 20 years, the payments will be made through […]

Govt Approves Rs1.64 Lakh Cr Aid Package For BSNL

July 28, 2022 3:16 pm

The union cabinet has approved a financial aid package of Rs1.64 lakh crore for state-run telecom provider Bharat Sanchar Nigam Limited (BSNL). This package is expected to help revive the company, which is currently struggling to stay relevant. The cabinet, chaired by Prime Minister Narendra Modi, said that its measures to help the company on […]

Why Energy Management is Taking Precedence Over Time Management

July 25, 2022 11:43 am

Tim Cook, the CEO of Apple, reportedly wakes up at 3:45 am and uses the early hours, when his energy levels are highest, for uninterrupted work. After 75 minutes, at 5:00 am, he heads off to the gym. By the time the rest of the world is up, Cook has finished nearly half the day’s […]

Amul Turnover Set to Cross Rs 50,000 Crore This Year

July 19, 2022 4:14 pm

Riding on the back of increased prices, brand Amul is likely to cross the Rs 50,000 crore turnover mark in the current year. Gujarat Cooperative Milk Marketing Federation, owner of the Amul brand, has already hiked the price of its range of liquid milk products twice this year. Liquid milk constitutes the major portion of GCMM’s […]

India’s Richest Woman Sees Her Fortune Rise By $12 Billion in Two Yrs

July 19, 2022 2:56 pm

Savitri Jindal has seen her fortune rise by $12 billion in the last two years. Jindal is the richest woman, with a net worth of $18 billion, and the only woman in the top ten of Forbes’ list of the richest Indians in 2021. She inherited her husband’s steel and power conglomerate after his untimely […]

Gujarat Industry To Suffer Losses Of Nearly Rs6K Cr Due To Rains

July 19, 2022 1:11 pm

Torrential rains have lashed Gujarat since the beginning of this month. districts have suffered serious damage as rivers have overflowed, dams have leaked and the problem of waterlogging has persisted. Many places have also suffered flood-loke situations. So far, the state has already received over 50% of the average seasonal rainfall of 850 mm. Unfortunately, […]

Nirmala Sitharaman: RBI Recommends Ban on Crypto

July 18, 2022 2:38 pm

On Monday, Union Finance Minister Nirmala Sitharaman told the Lok Sabha that the Reserve Bank of India supports the prohibition of cryptocurrencies. She was responding to an unstarred question from VCK MP Thol Thirumaavalavan, who wanted to know if the RBI had expressed concern about the negative impact of cryptocurrency on the Indian economy. He […]

Govt Issues SOP For E-commerce Exports Of Jewellery; Here Are The Details

July 15, 2022 6:55 pm

The Central Board of Indirect Taxes and Customs (CBIC) has published a standard operating procedure (SOP) for e-commerce exports of jewellery via courier, according to a Thursday release from the Ministry of Finance. On June 30, the CBIC published a streamlined regulatory framework for the export of jewellery via e-commerce. According to the announcement, the […]

India Sees Birth of Its 104th Unicorn, All You Need To Know

July 14, 2022 3:24 pm

Pune based fintech startup OneCard became 104th unicorn of India following a new round of funding. Temasek, one of the world’s largest investors, led the Pune-based startup’s Series D round of over $100 million.  The new round values OneCard at more than $1.4 billion (post-money), up from approximately $750 million in January of this year. OneCard […]

CBI Raids 7 Locations Of Anil Ltd.; Files Case In Mumbai

July 11, 2022 3:46 pm

The Central Bureau of Investigation (CBI) has filed another FIR against Anil Ltd. in Mumbai, for an alleged fraud of Rs710 crores. The CBI this morning has carried out raids in seven places related to the company and its management team. These include locations in Ahmedabad and Pune. It is believed that the fraud is […]

Adani Bids For 5G Spectrum; Not To Foray Into Telecom Services

July 10, 2022 1:13 pm

Adani Group yesterday announced that it is participating in 5G spectrum auction, which will commence on July 26. However, the company refuted media reports and said that it was not interested to foray into telecom services. The company said that it had taken the decision to be a player in the 5G space in order […]

Torrent Pharmaceuticals to Issue 1:1 Bonus Shares

July 8, 2022 1:06 pm

Torrent Pharmaceuticals has declared a 1:1 bonus issue, with Monday, 11 July fixed as the record date. Those holding 100 shares of the company on 8 July will own 200 shares as of 11 July. With the number of Torrent Pharma shares in the market doubling, the price of the shares dropped by close to […]

Huawei Unit Sent Crores To China To Evade Taxes In India – IT Dept.

July 8, 2022 11:38 am

The Income Tax (IT) Department has said that Huawei Telecommunications India had resorted to unlawful means in order to evade paying taxes in India. The unit of Chinese technology company Huawei had allegedly sent back huge sums of money in the last two financial years, even when its income had slowed. According to sources, the […]

Vivo Sent Rs 62,476 Crore To China To Dodge Taxes: ED

July 7, 2022 7:41 pm

The Chinese smartphone manufacturer Vivo’s Indian subsidiary remitted 62,476 crore, or about 50% of its revenue, to China primarily to avoid paying taxes, the nation’s financial crime combating agency reported on Thursday. The Enforcement Directorate (ED) stated in a statement that “These remittances were made to disclose significant losses in Indian incorporated companies to avoid […]

Reliance Retail to Bring American Brand Gap to India

July 7, 2022 5:19 pm

Reliance Retail announced a long-term partnership with Gap Inc. on Wednesday to bring the iconic American fashion brand Gap to India. With this agreement, Reliance Industries’ retail arm has become the official retailer for Gap in India across all channels. Reliance Retail will introduce Gap’s latest fashion offerings to Indian consumers through a mix of […]