Apple ‘Wonderlust’ event saw the unveiling of the iPhone 15 series, Watch Series 9 and Apple Watch Ultra 2. While the Watch Series 9 comes with a faster S9 chip, the iPhone 15 Pro comes with Titanium construction, an upgraded A17 Pro chip and USB-C charging port! Here are the majopr announcements from Apple’s flagship … Read more
The 46th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) is being held on Monday. The RIL AGM is a major event for the Indian business community. The announcements made at the meeting could have a significant impact on the Indian economy. Investors are therefore eagerly awaiting the meeting to hear what Mukesh Ambani … Read more
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL) has announced raising Rs 8,278 cr from Qatar Investment Authority (QIA). Investment is raised at a pre-money equity valuation of Rs 8.278 lakh crore QIA will get 0.99% stake in RRVL on a fully diluted basis This fund raise effectively doubles RRVL’s valuation in … Read more
Titan has decided to buyout balance 27.18% stake from the promoter of Caratlane, Mithun Sacheti. This will increase Titan’s stake in Caratlane from 71.09%Â to 98.28%. Titan had bought 62% stake in Caratlane seven years ago (2017) from US-based hedge fund and venture capital investor Tiger Global for about Rs 357 crore. The transaction then … Read more
Paytm has informed that it’s Founder MD & CEO, Vijay Shekhar Sharma (VSS) is acquiring 10.30% stake from Antfin. Stake is being acquired through a 100% foreign entity owned by VSS – Resilient Asset Management B.V. In lieu of the acquisition, Resilient is issuing Optionally Convertible Debentures (OCDs) to Antfin Post transaction – VSS’s shareholding … Read more
“Barbie” the movie is on track to top $1 billion in box-office sales. The “Barbie effect” is also boosting Mattel’s direct-to-consumer sales of dolls, per Shopify. Shoppers are “voting with their wallets” for their favorite brands, even as they cut spending elsewhere, one exec said. The “Barbie effect” is in full swing. Two weeks after … Read more