Apple is intensifying its succession planning efforts as Tim Cook prepares to step down as CEO as early as next year, according to a report by the Financial Times on Friday. John Ternus, Apple’s senior vice president of hardware engineering, is potentially seen as Cook’s successor, the FT reported, citing several people familiar with discussions. … Read more
Italian stationery company Fila SpA is reviewing options for its minority stake in India-listed Doms Industries Ltd as it seeks to deepen ties with the fast-growing Asian market, according to people familiar with the matter. Among the options being considered are increasing the Doms stake, selling some of it or potentially combining the companies, the … Read more
IKEA India saw its 2024-25 revenue grow on the back of strong demand for affordable furniture, robust online sales, and steady growth in its business-to-business segment. The Swedish furniture maker, which follows its parent Ingka Group’s September-August fiscal year, reported a 6% year-on-year rise in sales to ₹1,860.8 crore, said a company statement on Tuesday. … Read more
Rakshit Hargave would be joining Britannia w.e.f December 15, 2025. He is joining from Birla Opus – one of the most touted and disruptive initiative of Birla group in the paint sector With a career spanning more than 3 decades, Rakshit has a varied and extensive experience previously with Nestle, Unilever, Dominos, Lakme and Beiersdorf … Read more
The Edge has long been one of Titan’s most recognisable sub-brands. Its next chapter may offer a glimpse into the company’s broader watchmaking ambitions. Titan recently released a new iteration of its upmarket Stellar line. The Stellar 3.0 features some impressive under-the-hood work in its limited-edition models. These include an in-house wandering-hours complication — in … Read more
The government’s decision to cut taxes on packaged food and personal care products disrupted Hindustan Unilever Ltd’s inventory pipeline and depressed its sales growth in the September quarter. The consumer goods giant, however, expects the drop in prices following the tax cuts and a good monsoon to boost consumer sentiment and boost sales in the … Read more
Peyush Bansal created a market disruption 15 years ago when he launched Lenskart with partners he met on LinkedIn, growing his eyewear business into a multi-billion dollar startup over the years. Now, he is in line to enter the billionaire club with the upcoming Lenskart IPO (initial public offering). Lenskart is planning to debut on … Read more
Shantanu Jain and Sania Arora Jain, who launched Biome Life Sciences LLP in 2019 that came under the Fabindia fold a year later, said in their petition that the retailer has breached their shareholder agreement (SHA) by failing to honour a “put option” that entitled them to sell their stake under a pre-agreed formula. Biome … Read more
LG Electronics India is reportedly preparing to launch its initial public offering in the week beginning October 6 to raise around Rs 11500 crore ($1.3 billion), a significant cut from its earlier expected valuation of $15 billion, Bloomberg reported citing sources familiar with the matter.The South Korean electronics giant secured regulatory approval for its … Read more