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Mensa Brands acquires wearables brand Pebble

Mensa Brands acquires wearables brand Pebble

Direct-to-consumer firm Mensa Brands on Tuesday said it has acquired the wearables brand Pebble for an undisclosed sum, marking its foray into the smart wearables segment. This will strengthen Pebble's online footprint and amplify its marketing and branding efforts to become a household digital brand, Mensa Brands said in a statement. "In the fast growing [...]

India’s palm oil imports dip 33% in May: SEA

India's palm oil imports declined by 33.20 per cent to Rs 5,14,022 tonne during May this year, but there was sharp rise in shipment of RBD palmolein oil by refineries, industry body Solvent Extractors Association (SEA) said on Tuesday. India, the world's leading vegetable oil buyer, imported 7,69,602 tonnes of palm oils in May 2021. [...]
Two blue chip stocks at their 52 week low, should you invest?

Two blue chip stocks at their 52 week low, should you invest?

NIFTY50 opened in uncertainty on Tuesday after falling 2.40% in its previous trading session. The fall has been attributed to multiple factors such as interest rate hikes by the central banks around the world, rising Covid cases, high inflation and a weakening Rupee. Further, the losses spread to leading large-cap stocks as well as two [...]
Promoter entity buys Uflex shares for Rs 21 crore

Promoter entity buys Uflex shares for Rs 21 crore

A promoter entity of packaging solution provider Uflex Ltd on Monday bought the company's shares worth Rs 21 crore through an open market transaction. According to block deal data available with the National Stock Exchange (NSE), Flex International Pvt Ltd purchased 3,65,000 shares from Montage Enterprises at an average price of Rs 585 apiece, valuing [...]
Govt asks Swiggy, Zomato and others to submit plans in 15 days for improving complaint redressal

Govt asks Swiggy, Zomato and others to submit plans in 15 days for improving complaint redressal

The government on Monday asked online food business operators like Swiggy and Zomato to submit a proposal within 15 days on improving their consumer grievance redressal mechanism amid rising complaints from customers. "The Department of Consumer Affairs has directed major e-commerce Food Business Operators (FBOs) to furnish the current framework as well as a proposal [...]
Foxconn Bharat FIH gets Sebi nod to float Rs 5,000 cr IPO

Foxconn Bharat FIH gets Sebi nod to float Rs 5,000 cr IPO

Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group company, has received capital markets regulator Sebi's go ahead to raise Rs 5,000 crore through an Initial Public Offering (IPO). The initial share-sale of Bharat FIH comprises fresh issue of shares worth Rs 2,502 crore and an offer for sale of up to [...]
Blue Star appoints Anita Ramachandran as independent director

Blue Star appoints Anita Ramachandran as independent director

Air-conditioner and commercial refrigeration company Blue Star Ltd on Monday announced the appointment of renowned HR expert Anita Ramachandran as an independent director for a term of five years with effect from June 13, 2022. She will also be a member of the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee, the company [...]
Retail inflation eases to 7.04% in May

Retail inflation eases to 7.04% in May

Retail inflation eased to 7.04 per cent in May, mainly on account of softening food prices, though it remained above the RBI's upper tolerance level for the fifth consecutive month, government data showed on Monday. The Consumer Price Index (CPI) based inflation was 7.79 per cent in April. In May 2021, the retail inflation stood [...]
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