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 […]
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 […]
Reliance, Elephant House Partner to Expand Beverage in India
Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Retail Ventures Limited (RRVL), has struck a strategic partnership with Sri Lanka’s iconic beverage brand, Elephant House. This collaboration aims to introduce, manufacture, market, and distribute Elephant House beverages across the vast Indian market. Expanding Beverage Portfolio and Challenging Dominance The partnership with Elephant House […]
Adani Power Denied Rs 1,300 Cr Surcharge by Supreme Court
In a setback for Adani Power Rajasthan Ltd. (APRL), the Supreme Court of India dismissed their petition seeking over ₹1,300 crore as a late payment surcharge (LPS) from Jaipur Vidyut Vitran Nigam Limited (JVVNL). JVVNL is a power distribution company owned by the Rajasthan government. A Long-Standing Power Purchase Agreement Dispute The dispute stems from […]
Tata Sons Sells 0.6% TCS Stake for ₹9,300 Crore
Tata Sons, the holding company of the Tata Group, has announced the sale of a 0.65% stake in its crown jewel, Tata Consultancy Services (TCS), for ₹9,362.3 crore (approximately $1.13 billion) as of March 19, 2024. This move comes amidst talks of a potential TCS Initial Public Offering (IPO) and has sparked discussions within the […]
Tamil Nadu Signs MoU to Implement PM SHRI School Scheme
In a significant development for Tamil Nadu’s education sector, the state government has signed a Memorandum of Understanding (MoU) with the Ministry of Education to implement the PM SHRI Schools scheme. This collaboration signifies the state’s commitment to providing high-quality education aligned with the National Education Policy (NEP) 2020, while leveraging crucial financial support from […]
Axis Bank Funds ₹100 Cr for National Cancer Grid
In a significant boost to India’s fight against cancer, Axis Bank, a leading private sector bank, has announced a ₹100 crore contribution to the National Cancer Grid (NCG) spread over a five-year partnership. This strategic collaboration aims to revolutionize cancer care in India by focusing on three key areas: improved access, research advancements, and digital […]
Flipkart Ordered to Pay ₹10K for Cancelled iPhone Order
A recent order by the District Consumer Disputes Redressal Commission (DCDRC) in Mumbai has shed light on the importance of consumer rights and transparency in e-commerce transactions. The commission directed e-commerce giant Flipkart to pay ₹10,000 to a customer for mental harassment caused by the unexpected cancellation of their iPhone order. Case Details and Chronology […]