Regional FMCG brands are rapidly expanding to challenge national brands after outpacing them and posting double-digit sales growth in the past two quarters as inflation cools off. Brands like Rungta Tea, Balaji Wafers, Mario Rusk, and Bovonto soft drinks are among those increasing their brand visibility and diversifying their offerings after emerging stronger from pandemic … Read more
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 (RIL) is doing everything that one could possible imagine. Whether it’s fund raises or businesses, it’s everywhere. Now it’s subsidiary Reliance Retail Ventures (RRVL) has filed a document with SEBI to raise funds through the InvIT route. (This is the fourth InvIT from Reliance following it’s infrastructure trusts in gas pipelines, Jio telecom towers … 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