New Delhi, Apr 19 (PTI) Consumer electronic maker Samsung India expects a nearly 25 per cent growth in the LED TV segment this year as well as aims to capture around 36 per cent share of the overall TV market by bringing products with the right proposition and new technologies, according to a senior company [...]
New Delhi, Apr 19 (PTI) Audio entertainment platform Headfone has raised USD 10 million (about Rs 76 crore) in funding led by Elevation Capital. The series B funding round also saw participation from existing investor Hashed as well as prominent angels, including Ajit Mohan (founding CEO, Hotstar), Biswa Kalyan Rath (entertainer) and Anshumani Ruddra (group [...]
Reliance Brands Ltd (RBL) on Tuesday said it will acquire a majority stake of 51 per cent in leading couture house Abu Jani Sandeep Khosla (AJSK) for an undisclosed amount. The Reliance group firm has signed a definitive agreement to invest either by itself or through its affiliates in AJSK, as per a joint statement. [...]
New Delhi, Apr 19 (PTI) Housing finance major HDFC Ltd on Tuesday divested 1 per cent stake in real estate company Ansal Housing & Construction Ltd through an open market transaction. According to bulk deal data available with the NSE, Housing Development Finance Corporation Ltd (HDFC) sold a total of 5,74,726 shares, amounting to 0.96 [...]
New Delhi, Apr 19 (PTI) Max Ventures and Industries Ltd on Tuesday said its board has approved amalgamation of the company with its wholly-owned subsidiary Max Estates Ltd as a part of group's restructuring exercise and to focus completely on real estate business.In November, Max Ventures and Industries had announced an exit from specialty packaging [...]
New Delhi, Apr 19 (PTI) Underdog Athletics on Tuesday said it has been appointed as the exclusive distributor and licensee for the US-based athletic performance apparel and footwear brand Under Armour in India. As part of Under Armour's expansion in India, it plans to open 10 stores per year in the country along with expanding [...]
Luxury car maker Volvo Cars India on Tuesday said it has increased the prices of its entire model range with immediate effect in order to offset the impact of rising input costs. The prices have been increased in the range of Rs 1 lakh to Rs 3 lakh, the Swedish carmaker said in a statement. [...]
New Delhi, Apr 19 (PTI) State-owned SJVN Ltd has tied up funds for a 66-MW hydropower project in the Hamirpur and Kangra districts of Himachal Pradesh.Nand Lal Sharma, Chairman & Managing Director of SJVN Ltd, in a statement, informed that the financial closure for the 66 MW Dhaulasidh Hydro Electric Project situated in Hamirpur and [...]
New Delhi, Apr 19 (PTI) Fintech startup Savein on Tuesday said it has raised USD 4 million (about Rs 30 crore) from a clutch of investors based in Silicon Valley and Europe. Savein focuses on outpatient and elective healthcare procedures like dental, eye care, veterinary, diagnostics, dermatology, hair care, fertility, wellness and alternate therapies, among [...]
New Delhi, Apr 19 (PTI) Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said infrastructure companies should also float their own non-banking financial companies (NBFCs) to fund road construction related projects. Gadkari further said the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry's Power Finance [...]
