Sector: All Sectors
Nestle launches its own ecommerce website
It has launched Direct to Consumer (D2C) website mynestle.in to sell its own products. For now the platform is only servicing the Delhi-NCR customers. Gradually it will be ramped up into other cities. The platform is targeting to value add by providing curated product bundles, personalised gifting, subscriptions, discounts etc. Consumer engagement is targeted through … Read more
Federation to challenge the ban on online gaming
Taking action against the Tamil Nadu government’s ban on online gaming, the E-gaming Federation (EGF) is set to challenge the new law citing that it categorizes rummy and poker as games of chance. In a statement, Sameer Barde, CEO of EGF, said: “After examining the Ordinance, we have decided to file a lawsuit as it categorises … Read more
Elon Musk Could Spin Off Starlink From SpaceX And Take It Public By 2025
“We think it makes perfect sense,” said Ben Wood in an interview with CNBC. He said, “Starlink is going to need to invest heavily.” In its annual report of predictions, CCS Insights said that as Starlink’s revenue becomes “more predictable” and it expands its user base the company is “spun off to raise capital to … Read more
Aster DM forms JV to expand operations into Saudi Arabia
JV has been formed between – Aster Pharmacies Group LLC (APG) – a company registered in Dubai and a material subsidiary of Aster DM Healthcare Limited (ADHL). and Abdulmohsen Al Hokair Holding Group (AAH) – the group was started in 1975 to invest in the sectors of entertainment and hospitality. Group’s projects include 92 entertainment … Read more
V-Mart acquires Limeroad in distress sale. A worthy experiment.
Value merchandise retailer, V-Mart has announced acquisition of once fancied ecommerce start-up Limeroad on a slump sale basis. Total consideration is Rs 67 crore Rs 31 crore cash payout Rs 36 crore liabilities takeover Limeroad will operate as a separate business unit under V-Mart and will continue to be run by the existing key team … Read more