LiveReliance’s Retail Unit Launches In-House Fashion Store Azorte in Bangalore
On Thursday, Reliance Industries Ltd’s retail unit launched its first in-house premium fashion and lifestyle store as the company continues to grab a bigger slice...
Category : BUSINESS
AEL Subsidiaries Achieves Closure for Greenfield Project
On 29 September, Adani Enterprises (AEL) announced that wholly owned subsidiaries Hardoi Unnao Road and Unnao Prayagraj Road, and Budaun Hardoi Road had achieved financial...
H&M to Cut Costs as Profits Hit by Inflation
On Thursday, H&M launched a 2 billion Swedish crown (USD 177 million) cost savings drive after reporting weaker-than-expected profits due to rising input costs, decelerating...
HCL Acquires Majority Stake in Vernacular Edtech Platform GUVI
On Thursday, IT major HCL said it had acquired a majority stake in vernacular edtech platform GUVI for an undisclosed sum. GUVI is one of...
ArcelorMittal in Race to Buy IBC’s Srei Group of Companies
According to a CNBC-TV18 report on September 28, ArcelorMittal has submitted an Expression of Interest (EoI) to acquire Srei Equipment Finance and Srei Infra Finance,...
Lilium to Build 400 Air Taxis a Year, Seek Grants
The German air taxi developer Lilium Air Mobility is planning to build industrial capacity to make around 400 of its electrically powered Lilium Jet flying...
Silicon Laboratories Opens New Unit in Hyderabad
On Wednesday, fabless semiconductor manufacturer Silicon Laboratories opened a new Research & Development (R&D) unit in Hyderabad. The firm plans to triple its headcount in...
Pharma Supply Start-Up Saveo Healthcare Raises $4.5 Million in Venture Round
On Wednesday, Saveo Healthtech, a B2B e-commerce marketplace for pharmacies, raised USD 4.5 million in a venture round co-led by Gunosy Capital, Matrix Partners, and...
Dabur Launches Vedic Tea, Enters Rs 5,600 Crore Premium Tea Market
Dabur India reported that it entered the Rs 5,600-crore premium tea market with the recent launch of Dabur Vedic Tea. Dabur Vedic Tea is a...
Canada-based Cineplex Approaches Cineworld Lenders over Merger with Regal Unit, Reports Says
On Wednesday, the Wall Street Journal reported that Canadian cinema chain operator Cineplex has reached out to the lenders of Cineworld to revitalise a potential...