Mumbai, Feb 23 (PTI) Leading kitchenware brand Wonderchef is entering the diningware/homeware segment and has set a target of selling Rs 50 crore in the first year of operations and will invest Rs 100 crore over the next three years towards design and product development. The company, co-founded by celebrity chef Sanjeev Kapoor and Ravi [...]
Markets regulator Sebi on Wednesday imposed monetary fine on an employee of Varun Beverages Ltd for violating insider trading norms. The order follows an investigation carried out by the regulator between January 2017-April 2018. Sebi noted that Bagga Rajinder Jeet Singh had failed to comply with provisions of Prohibition of Insider Trading norms by failing [...]
Gondia (Maharashtra), Feb 23 (PTI) FlyBig Airlines, promoted by Gurugram-based Big Charter Private Limited, will start ticket bookings for the flight service on the Indore-Gondia-Hyderabad route from March 1. Lok Sabha member Sunil Mendhe gave this information on Wednesday. After a delay due to the outbreak of COVID-19, the flight operations are most likely to [...]
New Delhi, Feb 23 (PTI) Prime Minister Narendra Modi will address a webinar on smart agriculture on Thursday. According to an official statement issued on Wednesday, an important webinar on smart agriculture is being held on February 24, which will be mainly addressed by Prime Minister Narendra Modi. Agriculture Minister Narendra Singh Tomar, Food and [...]
New Delhi, Feb 23 (PTI) Arrivae, a made-to-order furniture manufacturer and home improvement company, on Wednesday said it has raised Rs 75 crore in funding from Think Investments and Havells Group. The Series B funding round also saw participation from Emerge Capital and existing investors, Arrivae, backed by ace investor Rakesh Jhunjhunwala said in a statement. [...]
New Delhi, Feb 23 (PTI) An employer is under an obligation to pay the damages for delay in payment of the contribution of Employees' Provident Fund (EPF) of an employee, the Supreme Court said on Wednesday.A bench of Justices Ajay Rastogi and Abhay S Oka said Employees Provident Fund & Miscellaneous Provisions Act is legislation [...]
New Delhi, Feb 23 (PTI) Crompton Greaves Consumer Electricals Ltd (CGCEL) on Wednesday said it will acquire majority stake in Butterfly Gandhimathi Appliances. It has signed a definitive agreement to "acquire up to 55 per cent stake at Rs 1,403.00 per equity share, aggregating up to Rs 1,379.68 crore", CGCEL said in a regulatory filing. It will [...]
New Delhi, Feb 23 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) expects its sales momentum to continue with gradual improvement in the semiconductor supplies and demand situation remaining robust in the domestic market, a top company official said on Wednesday. In an interaction with PTI on the sidelines of the launch of all-new [...]
Kolkata, Feb 23 (PTI) Industrialists in West Bengal Wednesday suggested greater publicity of the state highlighting it's leadership and Chief Minister Mamata Banerjee assured that the state government will work with them to explore ways to do it before domestic and international investors. The state government launched the new intregated portal for ease of business [...]
New Delhi, Feb 23 (PTI) The Supreme Court Wednesday said an exception or exempting provision in a taxing statute should be construed strictly and it is not open to the court to ignore the conditions prescribed in the policy and notifications issued in that regard.The apex court said the exemption notification should be given meaning [...]
