Author: News Desk
Dabur, a leading player in the FMCG sector, would acquire a 51 per cent stake in Badshah Masala for a cash consideration of Rs 587.5 crore. The transaction would be Cash EPS neutral in the first year and accretive after that. The acquisition is expected to be over within the current fiscal. The remaining 49 per cent will be acquired after five years. Dabur already has an extensive product portfolio. The move is in tune with Dabur’s aim to expand its food business to Rs 500 crore within three years. It will mark Dabur’s entry into the branded spices and…
Dulquer Salmaan is a well-known actor in South Indian film. It’s no secret that he loves cars and motorcycles. The actor has a mix of luxury, sports, and SUV vehicles in his garage. Recently, the actor has been showcasing some of the cars in his garage. As we all know, electric vehicles are the wave of the future, and during the past few years, several new companies have entered the market. Another one of these providers is Ultraviolette Automotive. Dulquer Salmaan expressed excitement for the Ultraviolette F77 high-performance electric bike, which will be his first EV, in one of his…
Dhoni Entertainment (DEPL), a production company supported by cricketer Mahendra Singh Dhoni and his wife Sakshi Singh Dhoni, has entered the mainstream cinema industry by announcing the release of its first Tamil-language feature film. The entertainment business, which was established in 2019, claimed to have started the various stages of developing entertainment content in popular languages. The firm also produced the documentary “Roar of the Lion,” a dramatised documentary on the Indian Premier League (IPL) team Chennai Super Kings (CSK), which made a comeback in the 2018 IPL after serving a two-year suspension. The company also purchased the rights to…
According to a press release from the Ministry of Defence, the Indian Air Force and Hindustan Aeronautics Ltd. have agreed to buy 70 HTT-40 indigenous trainer aircraft for a total of Rs 6,800 crore. On October 20, the contract was signed during the 12th DefExpo held in Gujarat. At 11:35 a.m. on the BSE, the company’s shares were trading 0.2 percent lower at Rs 2,442.3. On October 19, Prime Minister Narendra Modi launched the HAL HTT-40 indigenous trainer aircraft at the expo’s India Pavilion. The aeroplane was built with pilot-friendly features and state-of-the-art modern technology. “A total of 451 memoranda…
MG Motor India to launch an affordable electric vehicleIt is likely to hit the local market next financial yearIt will be priced below Rs 15 lakh in the local marketThis would challenge the dominance of Tata MotorsThe company will locally source the batteriesIt is to keep prices competitiveTata Motors is the electric vehicle market leaderIt has a share of more than 80 per centIt currently has three models – Tiago, Tigor, and Nexon
Electric Vehicle company Tesla introduces home charging station. It is a new version of its J1772 Wall Connector. It is priced at $550 Both Tesla and non-Tesla electric vehicles can use the connector. It is ideal for houses, apartments, hospitality properties and workplaces. The Wall Connector has multiple power settings. Multiple vehicles can be charged simultaneously with this.
Gautam Adani targets Europe Talks are on for starting a giant project in Morocco. The aim is to supply electricity and emissions-free fuel in Europe. Adani is considering building wind and solar generation plants. It would focus on producing green hydrogen for export. This would be his largest clean power development outside India. It would be as large as 10 gigawatts.
Reliance Industries Ltd (RIL) to demerge its financial service arm. Reliance Strategic Investments Ltd (RSIL) will be renamed Jio Financial Services Ltd (JFSL). JFSL would be listed on the Indian stock exchanges. Now, RSIL is a wholly-owned subsidiary of RIL. It is an RBI-registered Non-Deposit taking. Systematically Important (ND-SI) NBFC. RIL shareholders will get one equity share of JFSL of the face value Rs 10. This would be for one fully paid-up equity share of Rs 10 in RIL. JFSL and its subsidiaries will focus on the digital delivery of financial products. The goal is to reach 1.4 billion Indians.
Tata As Indian consumers move up to more sophisticated varieties of the beverage, Starbucks Private Limited announced the opening of its more upscale coffee format Starbucks Reserve in Mumbai’s Fort area. The action is a “testimony”, the local branch of the American coffee chain stated in a statement to Starbucks’ long-term commitment to improve the coffee experience in one of the brand’s key growth markets globally. Small-lot single-origin coffees, including Bolivia Sol de la Maana, Rwanda Sholi, and Sumatra Kerinci, will be sold in the shop and brewed and served by Starbucks “black apron” baristas espresso experts. These individuals are…
E-commerce marketplace Flipkart launches ‘Flipverse’. Flipverse is a metaverse experience. Users can experience and buy products in three-dimensional virtual reality. It can be accessed via a smartphone. There is no need to have a VR headset. More than 15 brands have signed up for the venture. Some are Puma, Noise, Nivea, VIP, and Himalaya. They will display about 100 products on Flipverse. This is the first time a traditional e-commerce company launched the Web3 service. Flipkart has partnered with eDAO, Polygon, and Guardian Link for it. All Android users can access Flipverse via the Flipkart app.