Zomato in a bid to further strengthen it’s going-out segment has agreed to buy Paytm’s movie and event ticketing business. Deal is an all cash deal for Rs 2,048 cr Paytm has said that it had built it’s movie ticketing business from the ground up and acquired Insider and TicketNew for Rs 268 crore between … Read more
Godrej Consumer (GCPL) has announced that it will enter the pet care business in the country through Godrej Pet Care (GPCL), a subsidiary of the company. GCPL will invest Rs 500 crore in this business over a period of five years Godrej Agrovet (GAL) will be the manufacturing and R&D partner Manufacturing is expected to … Read more
Girding up to fight growth pressures globally, Unilever is doubling down on performance-led pay cheques for its directors across the globe after its shareholders flagged excessive pay amid fears of uncertain business environments and intense competition this year. The Anglo-Dutch consumer giant has implemented a new reward framework across markets including India with metrics more … Read more
Apple Inc is poised to report a 35 per cent year-on-year surge in its India revenue at nearly Rs 67,000 crore (a little over $8 billion) for 2023-24, according to people in the know. The official financial filing is anticipated to be submitted by September-October to the Registrar of Companies (RoC) by the Cupertino-based tech … Read more
The families of Jamshyd N Godrej and Smita V Crishna are setting up a family council following the business realignment in April, said people with knowledge of the matter. In addition to this, the Crishna branch will set up a family office comprising Smita Crishna and her daughters Freyan and Nyrika. Nyrika, who is executive … Read more
Jewellery business increase market share from 8.6% currently to 10-11%. In last 5 years, the market share has almost doubled. increase buyers from 3.8mn to 6mn store count from 900 to 1250+ grow revenue at a CAGR of 15-20%. In FY 24, this division’s revenues grew by 20%. Â Emerging business – wearables, Taneira (ethnic wear … Read more