With a little help from BlackRock, the world’s largest asset manager, IPO-bound Udaan has struck a deal with a string of offshore lenders to avoid bankruptcy. Earlier this week, the internet commerce company reached an agreement to restructure its debt with its shareholders and global creditors who had initiated insolvency proceedings in the Singapore High … Read more
Godrej Pet Care (GPC) is set to foray into all the southern States in the coming weeks and in a phased manner to other regions on the back of its manufacturing plant in Nashik going on stream recently. The Godrej Consumer Products subsidiary is also betting big on the demographics of the country to aid … Read more
“We are already present in painting, bathroom cleaning, full home cleaning, kitchen cleaning, appliance repair, AC servicing, plumbing, electrician, and carpentry. We are already going to 200,000 homes every month, so the question was, why are we not in salon services? Customer demand was high, and the social requirements matched,” said Amit Kumar Agarwal, co-founder … Read more
Reliance Industries‘ 49th annual general meeting (AGM) on Friday will be in sharp focus as investors await updates on the group’s strategic roadmap, including the timeline for the much-anticipated Jio Platforms IPO, retail growth plans, and developments in its new energy business. During the last AGM held in 2025, the company unveiled a series of … Read more
The Company announced the appointment of Sanjay Rao as its new Managing Director and Chief Executive Officer. Rao joins from Nike, where he most recently served as Senior Director, Nike Retail, overseeing the France and Benelux markets. Prior to Nike, he worked with Inditex and played a key role in establishing Zara’s business in India … Read more
In June, it elevated longtime executive Seshu Kumar Tirumala to chief operating officer. Tirumala, who has spent more than a decade at the company across sourcing, merchandising and private labels, is expected to strengthen the senior leadership team as BigBasket sharpens its focus on quick commerce. Source link
HUL, India’s biggest FMCG company, has been underperforming—in the last three years, the company’s shares tanked 20% even as the benchmark NIFTY 50 gained 24% during the same period. What can CEO Priya Nair do to revive the giant? Source link
Markets regulator Sebi on Wednesday banned Rajesh Mehta, CMD of Rajesh Exports from dealing in the shares of the company till further orders. In its interim order, Sebi also directed Rajesh Exports to cooperate with the regulator’s investigating officer and forensic auditors to look into the books of the company.Sebi’s initial investigations showed that the … Read more