Sector: Consumer Durables
Reliance Retail raises money from QIA at double the valuation in 3 yrs
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
India government restricts import of laptop, computers, tablets
On Thursday, the Indian government issued a notice imposing immediate restrictions on the import of laptops, tablets, and personal computers. “Their import would be allowed against a valid licence for restricted imports,” said the notice issued by the Ministry of Commerce and Industry, Department of Commerce, Government of India. As per the notice issued by … Read more
Havells forays into contract manufacturing
The CMD has shared the following – Havells India is going to venture into electronic manufacturing service (EMS) or contract manufacturing space for appliances such as air-conditioners and washing machines to cater to the increasing demand of global brands to have an Indian manufacturing base (and hence reduce dependence on China). On a pilot basis, … Read more
Apple and Meta’s Metaverses Are Both Sad and Lonely
The metaverse has a loneliness problem. Mark Zuckerberg says Apple’s new headset will make everyone lonelier. But even Meta’s headset is, in the end, someone sitting alone on a couch too. Mark Zuckerberg’s verdict on Apple’s new mixed-reality headset is in: It’s lonesome. “Every demo that they showed was a person sitting on a couch … Read more
Apple Vision Pro headset: Apple launches mixed-reality headset Vision Pro at WWDC23: All you need to know
Apple recently, at Worldwide Developers Conference 2023, launched its first major product in a while, since 2014: Vision Pro. Alongside, Vision Pro, the Cupetino’s tech giant showcases several products in the line-up including MacBook Air 15”, M2 Max and M2 Ultra powered Mac Studio and Mac Pro. Apple Vision Pro was long-rumored and now it’s … Read more
Apple’s retail plans will push company deeper into China, overhaul US stores
Apple Inc. is working on plans to expand and revitalize its retail chain, aiming to push deeper into China and other parts of Asia while overhauling established locations in the US and Europe. Through 2027, the iPhone maker is discussing opening 15 new stores across the Asia-Pacific region, five locations in Europe and the Middle … Read more
SJS makes a significant impactful acquisition
SJS is acquiring 90.1% stake in Walter Pack Automotive Products India Private Limited (WPI). WPI is a 85% subsidiary of Walter Pack Spain(WPS) . Remaining 15.0% is held by the Indian promoter and founder, Mr. Roy Mathew. SJS is acquiring the full 85% of WPS and 5.1% from Mr Mathew. Mr Mathew will continue to … Read more