Global cosmetics giant L’Oréal has announced ambitious expansion plans for India, aiming to more than double its business in the country within the next couple of years. India: A Strategic Market for L’Oréal L’Oréal CEO Nicolas Hieronimus emphasized India’s importance as a key strategic market, citing its rapidly growing beauty industry and strong consumer demand….
US-based investment firm GQG Partners has increased its stake in ITC Ltd to 5.47% through a bulk deal, following British American Tobacco’s (BAT) partial exit from the company. Strategic Investment & Market Impact GQG acquired an additional 0.51% stake in ITC, raising its total holding from 4.96% to 5.47%. The transaction was executed on May…
Workspace solutions provider Awfis Space Solutions Ltd. has projected a 30% revenue growth for the financial year FY26, driven by rapid expansion and increasing demand for flexible office spaces. Growth Strategy & Market Expansion Awfis sold 53,000 seats in FY25, up from 37,000 in FY24, and aims to add another 40,000 seats this year, bringing…
Jindal Stainless Limited has taken a significant step towards sustainability by acquiring a 33.64% equity stake in a special purpose vehicle (SPV) to develop a 282 MW hybrid renewable energy project. Strategic Investment for Clean Energy The SPV, named Oyster Green Hybrid One Private Limited, has been formed in collaboration with Oyster Renewable Energy Private…
Bengaluru-based IT giant Infosys has announced a 22% increase in the annual compensation of its CEO & MD, Salil Parekh, bringing his total earnings to Rs 80.6 crore for the financial year 2024-25 (FY25). Breakdown of Salary Components Parekh’s compensation includes: The significant rise in his earnings is primarily attributed to restricted stock units (RSUs),…
Mumbai-based omnichannel furniture retailer Pepperfry has successfully raised Rs 43.3 crore from its existing investors, including General Electric Pension Trust, Norwest Venture Partners, Goldman Sachs, Growth Equity Opportunity Fund, and Panthera Growth Partners. Investment Breakdown & Purpose The latest funding round was led by General Electric Pension Trust, which contributed Rs 21.5 crore, followed by…
Tripura Chief Minister Manik Saha has directed an inquiry into the alleged incident where TIPRA Motha founder Pradyot Kishore Debbarma was denied an audience with Gomati District Magistrate (DM) Tarit Kanti Chakma. The CM acknowledged concerns over a possible communication gap and assured that the matter would be resolved to maintain dignity and transparency in…
Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator, has successfully raised ₹5,000 crore through a 15-year bond issuance, with Life Insurance Corporation of India (LIC) fully subscribing to the offer. LIC’s Exclusive Investment in Adani Ports’ Longest-Tenor Bonds The bond sale, priced at a 7.75% annual coupon rate, marks Adani Ports’…
WhatsApp is reportedly testing a new log-out feature that will allow users to sign out of their primary account without deleting the app or losing their data. This much-requested update was spotted in the latest WhatsApp beta version (2.25.17.37) and is expected to roll out to beta testers soon. How the New Log-Out Feature Works…
Indian wrestler Vinesh Phogat has fiercely responded to former Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh, following a Delhi court’s dismissal of the POCSO Act case against him. Phogat, who has been at the forefront of the wrestlers’ protest, took to social media to express her frustration, stating, “Lashkar bhi tumhara hai,…
