Key Highlights of the Proposed Transaction: Merger of Sapphire Foods India Limited (SFIL) with and into Devyani International Limited (DIL) through a share-swap mechanism. Swap Ratio: 177 equity shares of DIL to be issued for every 100 equity share of SFIL. This is similar to their current respective valuations and there is no real arbitrage … Read more
As per the moneycontrol reports, Vipin Kapooria, Chief Financial Officer of Blinkit has resigned and is expected to return to his former employer, Flipkart. He had joined Blinkit just about a year back in September 2024. He had joined from Flipkart where he had previously spent more than 7 years In general I am always … Read more
India’s consumer goods and auto majors are stepping up fresh investments in manufacturing over the next two years, betting on sustained demand growth as the impact of the goods and services tax (GST) reforms begins to show and commodity prices remain under control. FMCG firms such as Nestle, Godrej Consumer Products, Reliance Consumer Products, JHS … Read more
Snabbit, an on-demand home services provider, is in talks to raise $100 million-120 million from new and existing investors at a likely valuation of $500 million-550 million, three people with knowledge of the development said. “The company has begun talks to raise a new funding round. Investors feel this is a new consumer category that … Read more
In one of the largest global tech investment flows into India, American tech giant Amazon on Wednesday committed a mega $35 billion for its operations here, over and above the $40 billion that it has already put into the country.The ecommerce, cloud and media giant said that the investments will be made by 2030 as … Read more
Early last year, Tatas claiming Starbucks a success in India targeted to open 1000 stores by 2028 (390 then). As per the Nov 2025 PPT, Starbucks currently has 492 stores in India. So about 100 stores in 2 years since the announcement. If target is to be met, 500 stores to be opened in the … Read more
As per newspapers reports, Bajaj Electricals (BEL) is reviewing the Nirlep business to decide the future course. The 56-year-old brand was acquired by BEL in 2018 for about Rs 80 cr. The business was merged with BEL in March 2024. Reason for review is poor performance given steep competition from the well established brands. Review … Read more
iD Fresh, which makes ready-to-cook packaged food items, is in talks to sell about 30% stake in the company for around ₹1,200 crore to global private equity funds, including Permira, Apax, L Catterton and Carlyle, according to four people familiar with the matter. “The PE firms are bidding for about 30% stake ( ₹1,200 crore) … Read more
Apple is intensifying its succession planning efforts as Tim Cook prepares to step down as CEO as early as next year, according to a report by the Financial Times on Friday. John Ternus, Apple’s senior vice president of hardware engineering, is potentially seen as Cook’s successor, the FT reported, citing several people familiar with discussions. … Read more