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Growth in India’s services sector slows in March after a 12-year high in February-thumnail

Growth in India’s services sector slows in March after a 12-year high in February

According to a private survey released on Wednesday, the growth of India’s dominant services sector decreased to 57.8 in March from a 12-year high of 59.4 in February as new

News

Apr 5, 2023

To expand its grocery business, Reliance Retail hires ex-Amul chief Sodhi-thumnail

To expand its grocery business, Reliance Retail hires ex-Amul chief Sodhi

Amul, the cooperative that manages the nation’s largest dairy industry and the former managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF) Sodhi, has joined Reliance Retail Ventures Limited, a

Business

Apr 5, 2023

Speciale Invest launches a follow-on investment fund worth Rs 200 crore-thumnail

Speciale Invest launches a follow-on investment fund worth Rs 200 crore

An initial investment of Rs 100 crore and a final corpus of Rs 200 crore are planned for the new fund, which was approved by Sebi. From Specialised Invest’s portfolio

Business

Apr 5, 2023

Paytm is leading offline payments with 6.8 million devices and has grown GMV by 40%-thumnail

Paytm is leading offline payments with 6.8 million devices and has grown GMV by 40%

Paytm, a leading provider of financial services and payments, announced on Wednesday that it has reached a new milestone in offline payments with the deployment of 6.8 million devices. Consumer

Business

Apr 5, 2023

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment-thumnail

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment

The accord comes in response to a court decision in January dismissing J&J’s contentious “Texas two-step” bankruptcy strategy. J&J company declares bankruptcy, in which the company attempted to transfer the

Business

Apr 5, 2023

Forbes lists Mukesh Ambani, one of the world’s wealthiest people, as having an $83.4 billion net worth, along with the Kamath brothers from Zerodha-thumnail

Forbes lists Mukesh Ambani, one of the world’s wealthiest people, as having an $83.4 billion net worth, along with the Kamath brothers from Zerodha

According to Forbes, Ambani’s oil-to-telecom juggernaut Reliance Industries became the first Indian business to generate more than $100 billion in sales last year. According to Forbes’ Billionaire 2023 list, which

Business

Apr 5, 2023

Iron Pillar raises $129 million to invest in cloud startups in India-thumnail

Iron Pillar raises $129 million to invest in cloud startups in India

A venture growth investor named Iron Pillar has completed the successful closing of a $129 million Series B and C stage fund aimed at funding Indian-based global cloud software startups.

Finance

Apr 5, 2023

RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items-thumnail

RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items

Under the zero-commission model, the platform would not charge sellers any commission. RIL to launch Ajio Street, a new marketplace for low-priced, longtail fashion items. Further, the e-commerce platform will

Business

Apr 4, 2023

Sports Media spending reach ₹14,000 Cr threshold in 2022-thumnail

Sports Media spending reach ₹14,000 Cr threshold in 2022

Sports media spending, sponsorships on the ground, and celebrity endorsements pulled in a total income of ₹14,209 crore in the past year, recording a 49% growth over 2021 from roughly

News

Apr 4, 2023

“India Implements Measures to Manage the Taxation on Crude Oil and Its Byproducts”-thumnail

“India Implements Measures to Manage the Taxation on Crude Oil and Its Byproducts”

The Indian government has been implementing various measures to manage the taxation on crude oil and its byproducts like petrol, diesel, and aviation turbine fuel (ATF). The tax rates are

Business

Apr 4, 2023

World Bank predicts 6.3% growth for India’s GDP in FY24-thumnail

World Bank predicts 6.3% growth for India’s GDP in FY24

The World Bank stated in its most recent report on Tuesday that despite some moderating in the second half of the previous fiscal, India’s GDP growth is anticipated to be

Finance

Apr 4, 2023

L’Oreal acquires premium brand Aesop from Brazil’s Natura for $2.5 billion-thumnail

L’Oreal acquires premium brand Aesop from Brazil’s Natura for $2.5 billion

The sale, L’Oreal’s biggest-ever brand acquisition according to Dealogic statistics, strengthens the firm’s foothold in the premium cosmetics sector, while also giving the Brazilian business some financial respite despite declining

Industry

Apr 4, 2023


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