In a strongly worded letter to Future Retail's independent director on July 4, Amazon has also raised objection to an alleged attempt of Future Group to transfer its logistics and warehousing business to Reliance in violation to binding legal orders.
The new director nominated by the government to the LIC board is Suchindra Mishra.
In this challenging macro environment Dabur's India business has been "fairly resilient", and is expected to report "high single-digit revenue growth" on a very high base of 35.4% revenue growth in Q1 FY22, it added.
Through a combination of exclusive brand shops, multi-brand store expressions, and e-commerce platforms, Reliance Retail will introduce Indian consumers to Gap's fashion offerings.
The company stated that it planned to use this fresh injection of capital to further critical product innovation, team building, brand marketing initiatives, distribution expansion, and enhancing the business's technological capabilities.
ClimateTech start-up also revealed that it is building an engine that accelerates the flow of fresh capital toward climate solutions by making it convenient for brands and individuals to take meaningful climate action.
As revealed in a new study titled ‘India, and the TV buying behavior’ by CyberMedia Research (CMR), more Indian consumers in the post-pandemic phase are now open to purchasing their next TV online.
The consent of shareholders is being sought for the reappointment of Adani as the Managing Director of the company for a period of five years with effect from July 1, 2022.
Current trends indicate that consumers ''titrated consumption'' in some nonessential categories and either ''downgraded among brands or switched to smaller packs'' in the essential categories, said Marico.
Tejashree Joshi, Head, Environmental Sustainability, Godrej & Boyce, in conversation with Business Today, talks about the company’s sustainability plans going forward.
The investment firms of the Burman family entities had acquired a 14.55 per cent share of Eveready Industries from the open market in June and now collectively own a majority stake.
The auto major had approached the HC challenging the Brihanmumbai Electric Supply and Transport corporation's decision to disqualify it from the tender process for operating 1,400 electric buses for Mumbai.
Tata Motors also revealed that it had produced 73,107 units of Nexon, Punch during Q1 FY23, up 234.64 per cent compared to 21,846 units sold in Q1 FY22.
GoMechanic said it also aims to train over 5,000 mechanics in more than 1,500 workshops across the country in partnership with National Skill Development Corporation (NSDC).
A BSE filing by the company showed that 72.02 per cent of votes were cast in favour of the monetisation resolution, while 27.97 per cent voted against it.
As per the company top merchant categories for disbursals include grocery, food and beverages, roadside kiosks and street vendors and retail outlets. Other product offerings including card acceptance POS businesses—BharatSwipe—and its investment platform for merchants recorded over 30 per cent growth on-quarter.
Equirus Capital and Edelweiss Financial Services are the lead managers of the issue. These bonds are proposed to be listed on BSE.
The special resolution for approval to increase limits for making investments, loans, Special guarantees and security was "not Passed with requisite majority," said a regulatory filing from Britannia Industries on June 29, 2022.
Mined metal production at Zinc India increased by 14 per cent to 2,52,000 tonnes due to higher ore production across all the mines and supported by better mill recovery.
LIC owns 55 per cent stake in LIC (Nepal).
The central bank added that “the statutory inspection for supervisory evaluation of the banks was conducted by RBI with reference to its financial positions as on March 31, 2018 and March 31, 2019.”
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