30-Minute Baggage Delivery Mandate for Airlines: BCAS
If you are a frequent flyer in India, you may have experienced the frustration of waiting for your luggage at the airport. Sometimes, it can take up to an hour or more for your baggage to arrive at the belt area, especially if there are technical issues or congestion. This not only affects your travel […]
BYJU’S Secures $300M Investor Commitment in Rights Issue
BYJU’S, India’s leading edtech company, has received a commitment of $300 million from investors for its ongoing rights issue, which is expected to close by the end of February. The rights issue aims to raise $200 million at a valuation of $220-250 million, a steep drop from its peak valuation of $22 billion. What is […]
TVS Mobility, Mitsubishi Corp JV for India’s Vehicle Ecosystem
TVS Mobility, a leading player in the Indian automotive distribution and aftermarket industry, has announced a joint venture with Mitsubishi Corporation, a Japanese conglomerate, to establish a comprehensive vehicle mobility ecosystem in India. The new entity, TVS Vehicle Mobility Solution (TVS VMS), will offer a complete portfolio of services to its customers, including new vehicle […]
Vikas Gupta: Tata’s 50:50 Strategy for FY24 Product Launches
Vikas Gupta is the Global Head of R&D at Tata Consumer Products, one of the leading fast moving consumer goods (FMCG) companies in India. He has been instrumental in driving innovation and new product development across the company’s portfolio of beverages and packaged foods. In this article, he shares his insights on the company’s premiumisation […]
50:50 Premium vs Mass: Tata FY24 Launch Strategy
Tata Motors, India’s leading automobile manufacturer, has announced its launch strategy for the financial year 2024. The company plans to introduce 10 new models across different segments, with a focus on balancing premium and mass offerings. Here is a detailed analysis of Tata FY24 launch strategy and how it will impact the market. Premium vs […]
Power Grid Corporation Sanctions Rs 656 Cr Investments
State-owned Power Grid Corporation on Monday said its board has approved an investment worth about Rs 656 crore for implementation of electricity transmission projects in the country. The company said in a BSE filing that the board of directors and the committee of directors on investment on projects have accorded investment approvals in their respective […]
India Permits Onion Exports to Specific Nations
India is the second-largest onion producer in the world, with an annual production of about 24 million metric tons on average (2015-16 to 2021-22). The Indian onions are famous for their pungency and are available round the year. The country consumes about 13 lakh tons of onions every month, making it one of the most […]
Pure EV Secures $8M in Recent Funding Round
Hyderabad-based electric two-wheeler manufacturer Pure EV has raised $8 million from a consortium of investors led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, and Ushodaya Enterprises Pvt Ltd. The company is also in the final stages of raising $25 million from foreign institutional investors and is in talks to raise another $15 […]
Air India & Tata Rs 2,300 Cr Investment in Karnataka
Two companies of the Tata Group – Air India and Tata Advanced Systems Limited (TASL) – have signed pacts with Karnataka government, totalling an investment of Rs 2,300 crore. The investment will also generate employment opportunities for 1,650 people. Air India to set up MRO facility in Bengaluru Air India has proposed to establish a […]
Sundaram Alternates Seeks Rs 1,000 Cr for Green Realty
Sundaram Alternates Assets (SAA), the private equity arm of Sundaram Finance Group, is looking to raise about Rs 1,000 crore from global investors to fund green real estate projects in India. The firm is currently in the process of raising money through its Series IV real estate credit fund, which will invest in projects that […]