French cosmetic major L'Oreal on Tuesday announced a strategic investment in DSG Consumer Partners IV, the fourth fund of Singapore-based venture capital DSGCP, without disclosing the amount. DSG Consumer is focused on growing consumer brand startups across Southeast Asia and India. "Through this investment, L'Oreal will support early-stage entrepreneurs building the next generation of insurgent [...]
The Karnataka High Court has quashed the order of the National Company Law Tribunal (NCLT) that had passed an order allowing the operations of windmills on forest land in the state to a Mumbai-based company. The HC said the tribunal did not have jurisdiction over the matter of setting aside a government order. "The company [...]
Entertainment OTT player Netflix has slashed subscription rates in 116 countries following the success of its business model in India, the company said on Wednesday. Netflix has seen a 30 per cent growth in customer engagement and 24 per cent revenue growth year-on-year in India after it launched a low-priced subscription plan in the country [...]
Popular ice cream brand Baskin Robbins, operated by the Graviss Group, has planned to open about four to six parlours in the city every year and another 100 stores across the country this year, a top official said on Tuesday. The company currently has 16 parlours in Chennai. Witnessing a strong demand, the company has [...]
Co-working operator Awfis has taken on lease 1.74 lakh square feet of office space in Pune from realty firm Nyati Group amid rising demand for flexible workspace from corporates. In a statement, Awfis said it has entered into a strategic leasing partnership with realty firm Nyati Group to open new facilities in Pune. Through this [...]
Public sector Indian Bank has signed a memorandum of understanding with the Tamil Nadu e-Governance Agency, the city-headquartered bank said on Tuesday. The agreement is to integrate the Indian Bank Payment Aggregator platform with the e-Governance Applications of various departments in Tamil Nadu. "With this MoU, all government departments can avail plug and play platform [...]
The Singapore Exchange on Tuesday said NSE IFSC-SGX Connect at International Financial Service Center in GIFT City will become operational on July 3 after the transition of SGX Nifty derivatives to NSE IFSC. The move will enable investors to trade in dollar-denominated Nifty futures contracts available on the SGX in Gujarat International Finance Tec-City or [...]
Dubai-based aerial work platform rental firm Manlift Group has planned an additional investment of up to 25 million euros in India as it is eying massive expansion in the country over the next five years. Manlift India has been operational since 2010 and has already invested up to 70 million euros in the country by [...]
Jindal Stainless Ltd on Tuesday said it supplied 300 metric tonnes of stainless steel for 125-ft tall statue of B R Ambedkar in Telangana. On April 14, Telangana Chief Minister K Chandrasekhar Rao unveiled the 125-ft tall statue of Babasaheb in Hyderabad on the occasion of his 132nd birth anniversary. In a statement, the steel [...]
Diversified contract manufacturing company Aequs has secured USD 27.5 million (about Rs 225.50 crore) in funds from Amicus Capital and existing investors, a release said on Tuesday. Aequs said it plans to deploy the capital from the fundraise led by Amicus in ramping up its manufacturing capabilities to cater to both domestic and multinational OEM [...]
