13 C 
V-Guard to buy Sunflame for 660 crore
The acquisition squares up with V-Guards strategy to have a major presence in the domestic kitchen appliances segment
Liquor companies struggle as inflation, war, taxes take a toll
Unlike other manufacturersfrom automobiles to pharmaceuticalswho have raised prices in the last two years, the alco-bev industry has been hamstrung because of a lack of pricing freedom
Telco Q2 revenues rise 16%, Airtel grows share
The telecom industrys adjusted gross revenue (AGR) grew 16
ReNew may apply for PLI scheme for solar modules
In September, the union cabinet approved the second tranche of PLI scheme worth 19,500 crore for domestic manufacture of solar photovoltaic (PV) modules that could lead to savings of 1.37 trillion in imports.
Marico to acquire Vietnams Beauty X
Marico, the maker of Saffola cooking oil and Parachute oil, will buy the Vietnamese company through its unit, Marico South-East Asia Corp.
Auto retail sales race ahead in November on festive demand
Car, commercial vehicle sales top pre-covid highs; two-wheelers near record highs of 2019.It was the highest monthly sales, with the exception of March 2020.
BharatPe files arbitration at SIAC against ex-MD Grover
BharatPe has filed an arbitration claim to claw back restricted shares allotted to former MD Ashneer Grover and prevent him from using the title of founder
RBI rule on loan securitization may hit fintech lenders
The guideline prohibiting securitization of loans with a residual maturity of less than a year is set to impact fintech lenders who deal in short-term loans, analysts said
NDTV approves proposal to invite two Adani nominees on its board
The appointment of directors, NDTV said, would be taken up at its next board meet on December 23
Reliance Capital lenders finalise e-auction process for bidders
The e-auction of Reliance Capital will begin on December 19, and it will follow ascending auction process
Board of State Bank of India to consider raising AT 1 capital
On 14 December 2022
Marico to acquire beauty and personal care products co. - Beauty X
Accordingly, upon completion of the acquisition as aforesaid, Beauty X will become a subsidiary of MSEA and consequently a subsidiary of Marico as well.
V-Guard Industries inks deal to acquire Sunflame Enterprises
For a consideration of Rs 660 crore
New Delhi [India], December 9 (ANI/PNN): In an attempt to bring stakeholders from Industry and Academia and curate meaningful dialogues to improve employability across the country, VMentor.ai's EdTech platform YUGMA.ai is organizing a 15-city Campus-to-Career Conclave. It's an exclusive, by invite, forum led by CHROs, Talent Acquisition heads and leading academicians. In order to capture the voice of the industry and academics and initiate inclusive dialogues in real-time, the company has planned a first-of-its-kind brainstorming session in World Cafe-style brainstorming format of no ppts and pure conversations around future skills, placements, building talent pipeline, and more.
CQUniversity, Australia reflects on two decades of excellence in India and South Asia
New Delhi [India], December 9 (ANI/PNN): Reputed as Australia's most engaged university CQUniversity Australia's relations in India over the last 20 years have grown from strength to strength. Their focus throughout this period has been to provide access to students from India in their study aspirations in Australia.
Om Jewellers wins 'Best Facebook Campaign' at Digital Dragon Awards
Mumbai (Maharashtra) [India], December 9 (ANI/PNN): Om Jewellers, one of the most popular and trusted jewellery brands in Mumbai, has won the 'Best Facebook Campaign' award at the Digital Dragon Awards event that took place recently.
ICICI Prudential Pension Funds turns profitable; to expand in more cities, tie up with fintech firms
ICICI Prudential Pension Funds Management Company, which turned profitable last fiscal, has said it will ramp up operations geographically as well as in terms of headcount and tie up with fintech players for wider and faster sales of products.
Emami hikes stakeholding in subsidiary - Brillare Science
Currently, the Company holds 77.53% stake of Brillare. Post allotment of 3,01,160 equity shares, Company's stake in Brillare would increase to 80.59% on Issued & Paid-up capital basis.
Indian Hotels Co announces cessation of director
With effect from 10 December 2022
Intex Technologies becomes the proud sponsor of India Vs Bangladesh ODI Series
New Delhi [India], December 9 (ANI/GPRC): The bilateral series between India and Bangladesh is co-sponsored by Intex, India's leading consumer electronics firm. The collaboration seeks to raise awareness and reinforce Intex's commitment to enhancing the lives of all Indians through the greatest consumer technologies.
The collaboration aims to increase the efficiency and productivity of small businesses decongesting the time-taking physical procedures
SBI board to consider raising capital via Tier I bonds
Earlier this week, SBI announced that its personal banking advances, excluding high value home loans, have crossed the 5 lakh crore-mark
Embracing Profitable Union of Metaverse, Blockchain, Web3 & Exotech With Quest Global Technologies
New Delhi [India], December 9 (ANI/SRV): Having successfully launched million-dollar projects with big brands like- Radio Shack, Shiba Inu, Taboo Token, Rowan Energy & Jokerverse, Quest Global Technologies, a development & consulting entity based in Indore is all set to extend their notable Tech expertise to micro & mega corporations for furthering digitization goals to match the rapidly evolving global environment. The brand is emerging as a global leader in the development of cutting-edge Blockchain, Metaverse, and Web3 advancements.
California Burrito celebrates its 10th anniversary/Birthday with Tacos for Rs 10
Bangalore (Karnataka) [India], December 9 (ANI/GPRC): California Burrito, India's leading Mexican fast-casual restaurant with over 50 stores in India turns 10!
Some ultra long-haul flights facing delays, working to resolve matter: AI
Full service carrier Air India on Friday said some of its ultra long-haul flights are facing delays due to issues related to airport entry passes and it is working closely with the authorities to resolve the matter. Airport Entry Passes (AEPs), issued by the Bureau of Civil Aviation Security (BCAS), allow airport access to airline crew (pilots and cabin crew), engineers, ground staff, security personnel and other individuals. Air India regrets that some of our North America flights have been delayed due to operational issues arising from the slower-than-expected issuance of Airport Entry Passes to cabin crew, an Air India spokesperson said in a statement. The airline, however, did not share specific details. Air India is working closely with relevant authorities to expedite the issuance of remaining passes, the spokesperson added.
Lupin to enter cardio-vascular therapeutics space in 10 cities by Feb
Move will mark firm's digital healthcare foray 18 months after announcement; firm also plans to enter mental and respiratory illness segments, cover 28-30 cities by CY 2023-end
Yes Bank revises fixed deposit rates, debuts new special FD of 30 months
One of the top lenders in the private sector, Yes Bank, has altered the interest rates on fixed deposits under 2 crore.
Gateway Distriparks upgrades capacity at its ICD in Gurgaon
ICD Gurgaon is the largest hub of the company where Gateway Distriparks consolidates containers from its other locations in the northern region
Skyexch has been awarded as Presenting Sponsor of Lanka Premier League 2022
New Delhi [India], December 9 (ANI/PNN): Skyexch.net has been announced as Presenting Sponsor of Lanka Premier League 2022.
Hero MotoCorp M&A, strategy head resigns; CFO Niranjan Gupta takes charge
Chief Financial Officer Niranjan Gupta has been given additional charge of heading strategy, mergers and acquisitions for the company
Blurr Twitter Review: Viewers amazed with Taapsee Pannu's stellar performance, say 'she nailed it'
Taapsee Pannu's film Blurr, directed by Ajay Behl, was released on Zee5 on December 9. Fans have given their feedback about Taapsee and the story of the film, on social media.
India, China trade deficit at USD 51.5 billion during April-October this fiscal
The deficit during 2021-22 had jumped to USD 73.31 billion as compared to 44.03 billion in 2020-21, according to the data provided by commerce and industry minister Piyush Goyal in a written reply to the Rajya Sabha.
Telecom industry revenue up 16% in Q2; Airtel gains largest share, Vi sees loss
Jios AGR rose 3% on quarter and 20.1% on year to 22,500 crore, leading to a market share of 41.4%, up 56bps sequentially
V-Guard to acquire Sunflame Enterprises for Rs 660 crore in all-cash deal
Electricals and home appliances player V-Guard Industries on Friday said it will acquire Sunflame Enterprises for Rs 660 crore in an all-cash deal. The acquisition of the Delhi-based Sunflame will help V-Guard scale up its kitchen appliances business while also unlocking synergy benefits. We have entered into a definitive agreement to acquire 100 per cent stake of Sunflame Enterprises for Rs 660 crore in an all cash deal, the Kochi-based company said in a statement. Sunflame is a debt-free company and has around Rs 50 crore cash in-hand which does not include in the deal -- implying the promoter of the selling company will take out that money before the deal is concluded. It had a topline of Rs 350 crore in FY22. The acquisition is in line with V-Guard's strategy to become a significant player in the domestic kitchen appliances segment, it added. Sunflame has a large brand portfolio which includes cooktops, chimneys, pressure cookers, mixer grinders, small kitchen appliances ...
Marico to acquire Vietnamese personal care brands 'Purit de Prvence', 'liv'
Marico on Friday said it will acquire Vietnam-based Beauty X Corporation, which owns female personal care brands 'Purit de Prvence' and 'liv', in an all-cash deal for 493 Billion Vietnamese Dong (about Rs 172 crore). The move will help the homegrown-FMCG major to expand its presence in Vietnam. Its wholly owned subsidiary, Marico South-East Asia Corporation (MSEA) has entered into a definitive agreement to acquire 100 per cent of Beauty X Corporation, a firm which operates in the beauty and personal care space offering products such as shower gels, shampoos, conditioners, face wash and lotions among others. The transaction will expand Marico's presence in the female personal care segment in Vietnam, with an offering of a range of premium and differentiated hair care and skin care products, while also realising various operational synergies, the company said. The transaction is expected to be completed by March 31, 2023, subject to requisite regulatory approvals and customary clos
Gainers Losers: 10 stocks that moved the most on December 9
About 1199 shares advanced, 2220 shares declined, and 113 shares were unchanged on December 9
Punjab CM meets Amit Shah, calls for harsher punishment to perpetrators of sacrilege crimes
Punjab Chief Minister Bhagwant Mann on Friday called on Union Home Minister Amit Shah and sought the Centre's intervention in getting presidential assent for two important bills passed by the state stipulating harsher punishment for perpetrators of heinous crimes of sacrilege.
CV industry sees decline in sales of CNG-powered vehicles
Rising gas price constraints penetration
Marico acquires 100% of Vitenam's personal care firm Beauty X Joint Stock for 172 cr
The transaction is expected to be completed by March 31, 2023
New Delhi [India], December 9 (ANI/SRV): ICARE Lift System, a trusted name in the elevator business known for manufacturing products with cutting-edge safe mechanisms and premium customer service, recently launched three products at the ACETECH 2022 exhibition, one of the most prestigious trade fairs in Asia.
Earlier on the Thursday, fintech unicorn BharatPe filed an arbitration for clawing back Ashneer Grover's restricted shareholding and founder title.
Institute of Bakery and Culinary Arts (IBCA) announces admissions for 2023 - 2024
New Delhi [India], December 9 (ANI/GPRC): Institute of Bakery and Culinary Arts (IBCA) announces admissions for their various Programs. This unique program offers a glimpse into the life of an IBCA student and provides the opportunity to get an insider's guide into the exciting world of hospitality and culinary arts.
Jupitice represents India at Asia Pacific Justice Forum in Jakarta
New Delhi [India], December 9 (ANI/NewsVoir): Jupitice, the world's first Justice Technology (JusTech) Company, represented India at the Asia Pacific Justice Forum in Jakarta, Indonesia.
Overcome sadness by having these healthy foods that lift your mood
Fatty fish, chocolates, coffee help lift your mood. Here's how.
Govt may seek EoI for Concor disinvestment in Jan, extend IDBI Bank bid deadline
The last date for submitting the EoIs for strategic disinvestment of IDBI Bank is likely to be pushed to mid-January since the government had received requests from interested bidders
ICICI Bank revises bulk FD rates, new interest rates are effective from today
The private sector lender ICICI Bank has revised interest rates on bulk fixed deposits of more than 2 Cr to less than 5 Cr
Simpl offers exciting deals in its first End of Season Sale from 10th - 18th December
New Delhi [India], December 9 (ANI/NewsVoir): Simpl, India's foremost 1-tap checkout network, today announced its first-ever End of Season Sale (EOSS) from 10th - 18th December 2022.
A.K.Educational Consultants organizes Indian Extravaganza at Immanuel Kant Baltic Federal University
New Delhi [India], December 9 (ANI/SRV): With a legacy of over 21 years as the foremost educational consultancy in India, A.K.Educational Consultants (AKEC) recently organized an Indian Extravaganza at the Immanuel Kant Baltic Federal University.
China struggles with Covid infections after curbs eased
Social media users in Beijing and other cities said coworkers or classmates were ill and some businesses closed due to lack of staff. It wasn't clear from those accounts, many of which couldn't be independently confirmed, how far above the official figure the total case numbers might be.
FADA cautiously optimistic on near term outlook for auto sales
The hike in vehicle prices by the manufacturers, the fallout of the 35 basis points (bps) increase in the repo rate by the Reserve Bank of India (RBI), may dent the confidence of two-wheeler and entry level car buyers, said the Federation of Automobile Dealers Associations (FADA).
Indian CV industry sees contraction in penetration of CNG-powered vehicles: Icra
The market for passenger carriers and buses continued to show a gradual acceptance of vehicles powered by CNG, which has been supported to some extent by the governments push for greener vehicles.
India set to become third largest TV ad market by 2024: Report
Currently, there are 20-22 million addressable TV homes in India. Connected TV is the preferred connection at 65%, comprising smart TVs, devices such as Firestick, Internet-enabled set-top boxes versus 35% linear (cable and DTH)
OYO records 83% YoY growth in business travel, Delhi is most-booked city
Younger business travellers such as college graduates and new entrants into the workforce, such as traders and small enterprises, played a key role in the overall business travel recovery process
Sony Sports Network to continue broadcasting Australian Open on its TV, digital platforms
The network has been the official broadcaster of the tournament in India for nine years. It has broadcasted several grand slams in 2022 and will kickstart 2023 with this telecast and the Adelaide International tournament.
India Today-Axis-My-India exit polls get Gujarat, Himachal Pradesh results spot on --yet again
New Delhi [India], December 9 (ANI/ATK): The India Today-Axis My-India exit poll predictions have maintained their sterling record once again, delivering a bull's-eye forecast for the 2022 assembly elections in Gujarat and Himachal Pradesh.
Good Fashion Fund's First Investment Demonstrates Impact
Indore (Madhya Pradesh) [India], December 9 (ANI/BusinessWire India): The Good Fashion Fund, the Fashion for Good and Laudes Foundation initiated fund to drive sustainable manufacturing practices, signed its first deal with Indian manufacturer Pratibha Syntex Limited in 2020 for a 4.5 million US dollar, long-term loan. With the final disbursement of the loan made in June of this year, and the first on-site monitoring visit this week, the investment is already showing fruitful results and positive financial, environmental, and social impact in Pratibha's spinning, processing, and garmenting divisions.
Greenko places lowest bid for energy storage tender by NTPC
Greenko was the lowest bidder for 3,000 mega watt hours tender called by state run firms unit NTPC Renewable Energy for 5 per kWh on a single cycle per day basis
Softbank-backed Snapdeal defers 1250 crore IPO
Snapdeal competes against the likes of Walmart-owned Flipkart, global giant Amazon, and social commerce platform Meesho in Indias e-commerce space
RIL, TCS, Infy among top 10 biggest wealth creators in over 5 years
With a gain of Rs 13 trillion, RIL has emerged as the largest wealth creator over 2017-22, shows Motilal Oswal's wealth creation study. Followed by TCS, Infosys, and HDFC Bank in top wealth creators list.
Simpolo, the fastest growing premium brand in the Indian Ceramic Industry opened its 100th Showroom
Vijayapura (Karnataka) [India], December 8 (ANI/PNN): Simpolo Ceramics is the fastest-growing premium brand in the ceramic industry in India.
Get a taste of authentic Lebanese cuisine now in Delhi by Hala- the hidden gem
New Delhi [India], December 9 (ANI/PNN): The most authentic Lebanese cuisine from Eateryum- Hala, is now available in Delhi and Bangalore to revolutionise the fast food market.
Lionsgate announces theatrical slate for India
The line-up includes titles like About My Father, White Bird: A Wonder Story and The Hunger Games The Ballad of Songbirds & Snakes.
Tata Steel Ltd has added 6.55% over last one month compared to 5.36% gain in S&P BSE Metal index and 2.71% rise in the SENSEX
Lupin appoints Spiro Gavaris as President of U.S. generics business
The drug maker on Thursday (8 December 2022) announced the appointment of Spiro Gavaris as the President of its U.S. generics business.
Benchmarks trade with decent gains; strong market breadth
The key equity benchmarks traded with decent gains in early trade as the bourses witnessed across the board buying in key index pivotals. The Nifty traded above the 18,650 mark. Barring IT, shares across sectors edged higher with PSU banks, metal and auto stocks rising the most.
Ethos enters into exclusive retail partnership with German-brand Tutima
Ethos has signed an exclusive retail partnership with Tutima to introduce the revered Glashte-based brand in India.
GMM Pfaudler to acquire Mixel France SAS
GMM Pfaudler through its wholly owned subsidiary Pfaudler GmbH, has entered into an agreement on 08 December 2022 to acquire Mixel France SAS and its wholly owned subsidiary Mixel Agitator Co. (collectively known as Mixel).
GMM Pfaudler's subsidiary to acquire Mixel France SAS for 7 million
The company said that the acquisition is subject to French law and will follow the general principles of information and consultation with the works council
DigiSpice Technologies CEO resigns
With effect from 31 January 2023
HUL, Adani Enterprises, One 97 Communications in spotlight
Hindustan Unilever (HUL): HUL announced its strategic investments in Zywie Ventures (OZiva) and Nutritionalab (Wellbeing Nutrition). HUL will acquire 51% equity stake in OZiva through a combination of primary infusion and secondary buyouts. The balance 49% will be acquired at the end of 36 months based on pre-agreed valuation criteria. HUL will acquire 19.8% equity stake in Wellbeing Nutrition through a combination of primary infusion and secondary buyouts.
Podcast: Will Viatris deal inject fresh momentum into Biocon biz?
Sohini Das caught up with Biocon Biologics CEO Shreehas Tambe to know more about the deal and the company's future plans
Twitter to roll out new controls of ads in a bid to lure advertisers back
Social media platform in an email to advertisers on Thursday said it will roll out new controls to let companies prevent their ads from appearing above or below tweets containing certain keywords
The pros and cons of family limited partnerships
With the current estate-tax exemption set to sunset in 2026, FLPs are back in vogue. But there are downsides.
BSNL to launch 5G services in next 5-7 months across 1.35 lakh towers: Vaishnaw
The minister affirmed that the 5G services by the state telecom service provider will become instrumental in providing the benefits of 5G services to the far-flung areas
BharatPe sues former MD Ashneer Grover for fraud
Fintech unicorn accuses Grover and his family of embezzling company funds to pay for personal expenses, including rent, plane tickets, and skincare products
Great time to create long term portfolio
Abhishek Sharman, founder and managing director, Carpediem Capital, a homegrown private equity firm, says in an interview, that global economic uncertainties notwithstanding this is a good time for private equity firms to create long term value.
CloudExtel in talks to raise 500 cr from investors
After setting up the first such sharable network at the Mumbai Central railway station, the company is looking at expanding its services with an investment outlay of 2,000 crore over the next five years.
'PTC India Financial Services operations hit by curbs on board'
In an interview, Singh said that with new board members, the company is ready to accelerate its loan disbursals
Rebuilding the Air India brand is hard, says IATA
The airlines brand has diminished and its market share shrunk over last 25 yrs
Paytm to mull its first ever share buyback on 13 December
The fintech player, who will become one of the first new age players on the stock market to announce a buyback
HUL buys into 2 digital-first wellness startups for 334 cr
Both these transactions are expected to be completed in the next one-three months
Yes Bank files IBC plea against Zee Learn subsidiary
The private lender has filed the petition under Section 7 of the Insolvency and Bankruptcy Code, which allows a financial creditor to file an application for initiating the process.
Chemicals sector outlook brightens as risks recede
Companies are aiming to expand their capacity to capitalize on growth opportunities
Cinema goers vote for 3D, a big draw in 2022 in spite of costs
Despite the 20-30% added expense on ticket rates, large-scale spectacles that justify a 3D version see much greater traction.
HP Assembly Poll results: We are not afraid of Operation Lotus,says Cong leader Rajeev Shukla
Amazon will continue to invest in new biz: Manish Tiwary
It would also scale up and invest significantly in grocery, social commerce, business-to-business (B2B) marketplace, pharmacy over the next year
Whats going on with the housing market?
Home buyers and sellers are trying to make sense of a downturn thats full of contradictions: Demand has seized up but supply is still low; prices are sliding but not plummeting; and no one can agree on what comes next
