Ranbir Kapoor Joins Asian Granito as Brand Ambassador
In a move that is sure to generate buzz, leading Indian tiles and bathware brand Asian Granito has signed Bollywood superstar Ranbir Kapoor as their brand ambassador. This strategic partnership signifies the company’s intent to strengthen its brand identity and target a younger demographic. Kapoor, known for his impeccable style and association with contemporary roles, […]
Zomato Cancels Green Uniform for Pure Veg Fleet
In a surprising move, online food delivery giant Zomato has backtracked on its decision to introduce green uniforms for its “Pure Veg Fleet.” The change comes after the company faced a social media firestorm for creating a two-tiered delivery system based on vegetarian preferences. Earlier this week, Zomato announced the launch of a “Pure Veg […]
Unilever to Divest Ice Cream Unit, Lay off 7,500 Staff
Unilever, the consumer goods conglomerate behind household brands like Dove soap and Knorr soup, announced a significant strategic restructuring plan on Tuesday. The company will establish a separate entity for its entire ice cream division, encompassing popular labels like Ben & Jerry’s and Magnum. This move coincides with a cost-saving initiative that will result in […]
Tata Steel Board Sanctions Rs 2700 Cr NCDs Fund Raise
Tata Steel, a leading global steel producer with a market capitalization of Rs 1.2 lakh crore (as of March 19, 2024), has announced its board’s approval to raise Rs 2,700 crore through the issuance of non-convertible debentures (NCDs). This strategic debt financing move comes after similar fundraising activities undertaken by the company in the past […]
Jio Financial Services Invests ₹40 Cr in JLSL Leasing
Jio Financial Services, the financial arm of Reliance Industries, has sent ripples through the Indian leasing sector with a well-timed investment. On March 19, 2024, the company announced a Rs 40 crore infusion into its wholly-owned subsidiary, Jio Leasing Services Ltd (JLSL). This strategic move signals Jio Financial Services’ intent to become a key player […]
Lloyd Targets 50% Growth in Mass Premium Market
Havells’ consumer durables brand, Lloyd, is charting a course for significant growth in the Indian market by strategically prioritizing the mass premium segment. The company anticipates this strategic move to be a game-changer, propelling the mass premium segment to contribute a remarkable 50% to its overall growth trajectory in the coming years. Capturing the Value-Conscious […]
Onion Export Ban Removal Demanded by Farmers
Indian onion farmers are anxiously awaiting a decision from the government regarding the removal of the export ban currently in place. The ban, implemented in December 2023, aimed to curb skyrocketing onion prices that had reached a retail inflation rate of 22.1% in February 2024. However, with the arrival of the rabi onion harvest, the […]
BPCL, BP Sign 4-Month US Oil Purchase Agreement
India’s state-owned Bharat Petroleum Corporation Limited (BPCL) has signed a significant agreement with British multinational oil and gas giant BP. The deal entails the purchase of 1 million barrels of US West Texas Intermediate (WTI) crude oil per month, for a four-month period starting from June 2024. This translates to a total import of 4 […]
Zomato Launches ‘Pure Veg Fleet’, CEO on Delivery Duty
Zomato, India’s leading food delivery platform, has shaken things up with a unique initiative aimed at the country’s vast vegetarian population, estimated to be over 600 million strong. The new “Pure Veg Fleet” and “Pure Veg Mode” features cater specifically to strict vegetarian customers who prioritize how their food is prepared and handled. Pure Veg […]
Bharti Hexacom IPO Approved by Sebi
Bharti Airtel’s subsidiary Bharti Hexacom, a telecommunications service provider with a strong presence in Rajasthan and Northeast India, has received approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO). This move marks a significant step for Bharti Hexacom, currently valued at approximately ₹20,000 crore, as it prepares […]