TVS ILP’s ₹125 Cr Cuttack Warehouse Investment
TVS Industrial & Logistics Parks (TVS ILP) is making a strategic move eastward. The warehousing giant announced a noteworthy Rs 125 crore investment in a state-of-the-art warehousing facility in Cuttack, Odisha. This marks a significant milestone in TVS ILP’s growth trajectory and underscores the company’s bullish outlook on the eastern Indian market, a region experiencing […]
Vodafone Idea’s Rs 18,000-cr FPO: Offer Opens April 18
Vodafone Idea Limited (VIL), the telecom operator grappling with a mountain of debt, has rolled the dice on a bold strategy to raise capital and recapture its market position. The company announced a record-breaking follow-on public offering (FPO) of Rs 18,000 crore, the largest ever witnessed in the Indian stock market. This ambitious move marks […]
ZEE Arm Invests Rs 8.76 Crore in PR Firm Newsreach
Zee Entertainment Enterprises Limited (ZEE) recently made a strategic move by announcing an investment in Newsreach, a well-regarded media and public relations (PR) firm. The investment, valued at ₹8.76 crore, will be channeled through IDPL, a wholly-owned subsidiary of ZEE. This move underscores ZEE’s commitment to amplifying its brand presence and forging strategic partnerships within […]
Dixon, Dassault Systems Partner to Revolutionize Manufacturing
Dixon Technologies, a titan in India’s electronics contract manufacturing (ECM) domain, has inked a strategic partnership with Dassault Systèmes, a revered French company specializing in 3DEXPERIENCE solutions. This collaborative effort marks a significant step towards Industry 4.0 in India. By incorporating Dassault Systèmes’ next-generation software solutions, Dixon seeks to modernize its manufacturing processes, propelling the […]
Citroen: First MNC Exporting EVs from India
French carmaker Citroen has ignited a spark in the Indian electric vehicle (EV) industry, establishing itself as the first multinational company (MNC) to export EVs manufactured entirely in India. This groundbreaking move not only propels India’s “Make in India” initiative in the electric mobility sector but also positions Citroen as a frontrunner in the ever-evolving […]
JSW-GMR JV Purchases 2 Cricket Franchises for ₹400+ Cr
In a significant move that solidifies their position as a major player in the international cricket landscape, JSW-GMR Cricket, a joint venture between GMR and JSW businesses, has acquired controlling stakes in two overseas T20 franchises for a combined sum exceeding ₹400 crore. The venture has purchased the Pretoria Capitals franchise, a participant in the […]
IPC Warns on Nimesulide Painkiller Adverse Reactions
A recent safety alert issued by the Indian Pharmacopoeia Commission (IPC) has cast a spotlight on the commonly used painkiller Nimesulide. The IPC, the national body for setting drug standards in India, warns healthcare professionals and patients about potential adverse skin reactions associated with the medication. Nimesulide’s Uses and Potential Risks Nimesulide belongs to a […]
Mercedes-Benz Surpasses BMW in Luxury EV Segment
The race for dominance in India’s luxury electric vehicle (LEV) segment has intensified, with Mercedes-Benz overtaking its longtime rival BMW in the first quarter of 2024. Industry reports from Autocar Professional reveal that Mercedes-Benz sold over 350 EVs between January and March, significantly surpassing BMW’s sales of 211 units . This achievement marks a pivotal […]
L&T Infra Development Sold to Edelweiss Alt for Rs 6,000 Cr
Edelweiss Alternatives, a leading Indian alternative asset manager, has sealed the highly anticipated acquisition of L&T Infrastructure Development Projects Ltd (LTIDPL) for a whopping Rs 6,000 crore. This deal, first announced in December 2022, marks a significant stride forward for Edelweiss Alt’s presence in the Indian infrastructure sector. Acquisition Significantly Expands Edelweiss Alt’s Infrastructure Portfolio […]
Tira by Reliance Introduces Own Label, Steps into Beauty
Reliance Retail’s Tira Beauty continues its aggressive expansion strategy with the launch of its first private label brand, Tira Tools. Announced on April 11, 2024, Tira Tools signifies the beauty platform’s foray into the lucrative beauty accessories market, a segment projected to reach a staggering USD 5.5 billion by 2025 according to [Market Research Report]. […]