The order comes months after the National Restaurant Association of India (NRAI) asked the Competition Commission of India (CCI) to investigate the companies for breaching platform neutrality by providing priority to the exclusive contractors. Key points to note – NRAI represents more than 5,00,000 restaurants across India. Other than complaints about platform neutrality, complaint by … Read more
Tata Consumer Products (TCPL) has decided to restructure the business of it’s 57.48% subsidiary Tata Coffee Limited (TCL). The proposed restructuring includes the following – Demerger of TCL’s plantation business into a new 100% subsidiary of TCPL. Merger of the remaining TCL’s business into TCPL. TCPL’s shareholding in TCL would be cancelled and non-promoter TCL’s … Read more
The Securities and Exchange Board of India (Sebi) on Monday provided a 3-day window to investors in Ruchi Soya’s follow-on public offer (FPO) to withdraw their bids. The option is available to all investors or bidders, except for anchor book participants. Sebi’s order comes following the circulation of unsolicited SMS advertising the company’s FPO. The … Read more
In a surprise announcement, the two major cinema brands in India have decided to merge together. (It’s important to note here that until recently, it was rumoured that PVR and and Inox are in talks with the Mexican company Cinepolis for a possible merger.) Key points on the PVR-Inox merger It’s a share swap merger … Read more
The company has acquired the prickly heat talc brand from Reckitt. Key points to note – Consideration is Rs 432 crore to be funded entirely from the internal accruals. Emami had cash equivalents of Rs 406 crore as on September 30, 2021 and generated operating cash of Rs 922 crore in FY 21. Funding of … Read more
New age companies are not hesitant in trying radical initiatives and Zomato after continuing to struggle in it’s core business has now announced one. The Founder, Deepinder Goyal announced on Twitter about them soon getting into trials of 10 minute food delivery. Key points to note – The initiative is named as Zomato Instant. New … Read more