It’s an important piece of news (Link to the original news article). As per the news article, JioMart has been increasing it’s distribution play to local retailers (also known as kirana, mom and pop stores) primarily based on the lower pricing. Given the bulk buying by Reliance, traditional distributors are unable to match the pricing … Read more
GMR is announced as the winning bidder for development and operation of Kualanamu International Airport in Medan, Indonesia. Key points to note – Contract has been won by GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited. GMR will enter into 49:51 partnership with Angkasa Pura 2 (AP2) for this project. AP2 is a … Read more
There was a rumour few months back that Kubota will buyout Nanda family. What has instead happened is that Kubota has decided to invest fresh and become a joint promoter with Nandas. Key points to note – Kubota is investing Rs 1,873 crore into Escorts at a price of Rs 2,000/ share. As per regulations, … Read more
Phoenix Mills Ltd (PML) and Canada Pension Plan Investment Board (CPPIB) have entered into a new joint venture agreement to co-develop an office-led, mixed-use asset, which is part of Phoenix Palladium in Mumbai’s Lower Parel. Key points to note – CPPIB will invest Rs 1,350 crore in tranches for a 49% stake in the joint … Read more
ICICI bank calls it – interoperable app What is it? In general you can not use any bank’s app if you are not it’s customer. Every bank asks the user to login before using. ICICI decided to do away with it last year, did a soft launch in December 2020 and a full launch in … Read more
Zomato along with it’s Q2 FY 22 results also announced that it has committed $275 mn across four start-ups in the last 6 months and will deploy another $1 billion over the next one to two years. Four investments of $275 mn – $100 mn for 9.3% stake in Grofers $50 mn in Curefit along … Read more
The Company is one of the most active news providers amongst the Indian pharma players. It has now informed that its COVID-19 vaccine UB-612 programme hasn’t progressed, as its partner Vaxxinity failed to secure the emergency use authorization (EUA) in Taiwan. Key points to note – Approval in Taiwan was denied in August as the … Read more
The automaker who is traditionally knows for fuel guzzling SUVs and CVs has announced it’s intention to diversify towards the Electric Vehicles (EV). Key point to note – The Company targets to launch 8 new Electric SUVs and 8 new Electric Light Commercial Vehicles by 2026. It is targeting to invest Rs 3,000 crore towards … Read more
Transport Corporation of India (TCI) has sold 20% in it’s cold chain business to Japan’s Mitsui for Rs 63.5 crore. Key points to note – Cold chain business is run through TCI’s subsidiary TCI Cold Chain Solutions Ltd (TCI CCS). TCI CCS provides integrated cold chain logistics services in India, with a focus on temperature-controlled … Read more