India is investigating LG Electronics and Samsung for allegedly paying lower tariffs on imported display parts of high-end TVs, five sources told Reuters, putting under scrutiny the premium entertainment devices both South Korean giants have bet big on. Lengthy import tariff and tax investigations have been a sore point for foreign investors in India and … Read more
Samsung India Electronics profit declined 36 per cent to ₹7,228.10 crore for the financial year ended March 31, 2026, according to a RoC filing by the consumer electronics major. However, its revenue from operations rose slightly by 1.2 per cent to ₹1.12 trillion in FY26, according to financial data accessed through the business intelligence platform … Read more
As Snapdeal’s parent, AceVector Ltd, heads to the public markets, it wants Gen Z—more than two-thirds of its new customers—to remember little of the Snapdeal that once aspired to be one of India’s biggest e-commerce players. “For them, their perception of Snapdeal is the Snapdeal they see today,” said Rohit Bansal, promoter and joint managing … Read more
Pet food and nutrition brand Lickicious has raised Rs 19 crore through a combination of equity and institutional debt, as it looks to scale its annual revenue to Rs 100 crore and expand into a broader, multi-category and omnichannel business. Lickicious, operated by Nuvexo Wellness Pvt Ltd, counts Prath Ventures as its lead institutional investor. … Read more
The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors worried about payback from its massive AI spending. Alibaba said on Sunday its HK$80 billion share placement finalised at HK$112.70 apiece – an 8.4% discount to its Friday close – … Read more
Shiprocket has given investors a striking first-day payoff, with its shares listing at a 35% premium to its Rs 97 IPO price, before climbing as much as 48.6% intraday. At its peak, that put the company at roughly $1 billion, according to Reuters. The excitement is not just about a successful technology IPO. It reflects … Read more
Colgate-Palmolive India has partnered with Bombay Shaving Company (BSC) to handle Palmolive’s consumer facing advertising and relationships across e-commerce and direct-to-consumer (D2C) channels. Management during the recent quarterly con-call accepted that personal care has been an area where the company has not delivered as well as it would have liked, particularly Palmolive. The partnership with … Read more
A century-old business house that became a household name with products like the Cinthol soap and Godrej shaving cream, is set to receive the next generation leader to the corner office today – Pirojsha Godrej. The 45-year old takes to thrills like jet skiing, but his love for Gandhian values is what will drive the … Read more
In a sudden announcement, the Company has announced that Mr Sudhir Sitapati has resigned and is replaced by Mr Aasif Malbari. It has been a surprise to everyone as – The change is immediate. No notice period. Five years back when Sudhir was appointed, market had cheered and had put it’s bet on him transforming … Read more