Apple Inc on Tuesday announced a range of new products at its first event of 2022, including a low-cost iPhone SE with 5G network and M1-chip powered iPad Air. The American technology giant also introduced the M1 Ultra, a new addition in the M1 chip line-up. It is a high-performance chip, which will power its … Read more
Info Edge has invested Rs 91 crore into Aisle Network Private Limited. Key points to note – Aisle, founded in January 2014 is engaged in the business of running multiple dating platforms – Aisle, Anbe, Arike and HeyDil. Info Edge is investing the said amount into Equity shares (primary and secondary) and Compulsorily Convertible Preference … Read more
Emami is buying 19% stake into TruNativ. Key points to note – TruNativ, founded in March 2019 is focused on healthy food and nutrition products. Emami has not disclosed the amount invested for the 19% stake. Consideration has been paid in cash to subscribe fresh equity of TruNativ. In FY21, TruNativ reported revenues of Rs … Read more
For almost a year, I have been confused about how Future retail stores are getting funding to operate given – the poor financial health of the group; and 2020 deal with Reliance retail not getting concluded due to the legal dispute with Amazon. Operating the stores meant expenses in the form of lease payments, employee … Read more
Crompton Greaves Consumer Electricals (CGCE) has announced acquiring a controlling stake in Butterfly Gandhimathi Appliances (BGA). Key points to note: CGCE is acquiring 55% stake from BGA’s promoter group @ Rs 1,403/ share Consideration value for this tranche comes to Rs 1,379.68 crore Promoters total stake in BGA is currently 64.78%. Balance not selling may … Read more
The diversified Tata Group touches every online shopper with existing consumer brands and the attempt of Tata Digital will be to bring together all the assets under a single value proposition, the new outfit’s president Mukesh Bansal said on Wednesday. The group — which will be competing head on with Mukesh Ambani’s digital business, Amazon … Read more
Coca-Cola on Thursday unveiled a new innovation platform for limited-edition products, which is a perfect combination of marketing, creative, design and tech. Known as a “new brand expression”, Coca-Cola Creations plans to introduce in the market a series of limited-edition flavors, collaborations and experiences covering both the “physical and digital worlds”. As part of the … Read more