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Everstone Capital pauses plan to divest 13.17% stake in Restaurant Brands Asia
Everstone Capital has paused its plans to sell its 13.17% stake in Restaurant Brands Asia (formerly Burger King India). This decision came after talks...
Swiggy’s IPO receives 11% subscription on opening day, sluggish start
Swiggy's initial public offering (IPO) had a slow start on November 6, the first day of bidding, with only 11% of the shares...
Swiggy secures INR 5,085 Cr before IPO, issues 13.03 Cr shares
Foodtech giant Swiggy raised INR 5,085 Cr on Tuesday, November 5, from anchor investors at INR 390 per share, ahead of its IPO. The...
Novel Jewels to invest INR 5000 Cr in opening 100 stores across India
Aditya Birla Group’s Novel Jewels plans to open 100 stores across India in the next 18 months, investing INR 5,000 crore. This was stated...
Meesho pulls gangster Lawrence Bishnoi t-shirts after public outcry
Meesho, a major e-commerce platform, has faced backlash on social media for selling t-shirts with gangster Lawrence Bishnoi. Users are accusing the company of...
Bata registers 53% profit growth, reaches INR 52 cr in Q2 FY25
Bata India Ltd. announced on Monday, November 4, a 53% increase in consolidated net profit, reaching INR 51.97 crore for the second quarter ending...
Magicpin cuts platform fee to INR 5 as Zomato, Swiggy raise charges
Magicpin, a hyperlocal delivery service, has cut its platform fee to INR 5 per delivery, making it half the cost of what Zomato and...
Babyshop launches first store at Gaur City Mall
Babyshop has opened its first store in India at Gaur City Mall, offering a wide range of products for babies, toddlers, and children to...
Dabur India to acquire major stake in Sesa Care for INR 12.59 Cr
Dabur India announced on Wednesday, October 29 that it will buy a majority stake in Sesa Care Private Limited for INR 12.59 crore. This...
Dabur India suffers 17.65% profit drop amidst high inflation, weak urban demand
FMCG giant Dabur India Ltd reported a 17.65% drop in its net profit to INR 417.52 crore for the September 2024 quarter due to...
Ninjacart’s revenue soars by 74%, hits INR 2000 Cr
Ninjacart, a B2B agritech startup, saw its operating revenue rise by 74% in FY24, reaching INR 2,002.7 Cr, up from INR 1,153.4 Cr the...
Country Delight secures INR 200 Cr in debt funding from Alteria Capital
Country Delight, a dairy tech startup has closed its INR 200 Cr debt funding round with Alteria Capital. Earlier in August, they raised INR...