Tata Consumer Products proposes to double the number of beverage vending machines to about 4,000 (from over 2,000 machines now) by the end of FY25 by tapping the hotels, restaurants, catering (HORECA) segment apart from corporate houses, Nidhi Verma, head, vending business, Tata Consumer, told FE. The business was incubated in 2023, with under 700
Food delivery major Swiggy on Monday announced that it is expanding its 10-minute food delivery service Bolt to over 400 cities in India. The service was initially launched in October this year in Hyderabad, Mumbai, Delhi, Pune, Chennai and Bangalore. The platform, which recently got listed, said Bolt would now enter into tier-2 and 3
The Securities and Exchange Board of India (SEBI) has approved the indirect acquisition of shares in Shriram Properties by its Chairman and Managing Director, Murali Malayappan. The regulator’s exemption order issued on Monday said that the acquisition will not lead to any change in control of Shriram Properties since the promoter and promoter group will
Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd)
Bangladesh has reduced by half the power it purchases from Adani Power, citing lower demand during the winter season, government officials informed Reuters on Monday. This development comes amidst disputes over unpaid dues amounting to hundreds of millions of dollars. Adani Power cut its power supply to Bangladesh by 50% on October 31, citing payment
Pricol Limited on Monday announced the acquisition of Sundaram Auto Components (SACL)’s Injection Moulding business through Pricol Precision Products Private Limited (a wholly owned subsidiary of Pricol Limited). With this acquisition, it said, Pricol will see a consolidated topline addition of approximately Rs 730 crore combined with SACL’s financial parameters that are value accretive to
Real estate prices and rising pollution levels seem to making strange bedfellows. The National Capital Region (NCR) has seen one of the steepest rise in real estate prices in the past few years along with a sharp decline in the air quality level. According to Anarock Property Consultants, average residential prices have gone up 57%
By Narsimha Rao Mannepalli As we get into December, and with the cloud of US presidential elections clearing up and with the promise of AI, here is what I believe we should expect to see in 2025 for the Indian IT services Industry. Demand & Growth: On demand front, we should expect to see some
Companies in the business of keeping cool are gearing up for a record summer this year. With temperatures already on the rise in the west, east and parts of the north, firms are readying production and distribution initiatives to meet the demand surge expected in the coming summer months. “February and the first two weeks
The domestic stock exchanges have seldom had it so good. Over four years of a bull market, coupled with investors entering in droves — it’s a heady mixture for the bourses. Consequently, their coffers have been flowing over. Sample this: India’s biggest stock exchange – the NSE – reported a 57% and 94% year-on-year growth
Gold prices have reached an unprecedented milestone, surpassing $3,000 an ounce for the first time in history. This surge is largely fuelled by a vigorous buying spree by global central banks, states Bloomberg. Since Russia’s 2022 invasion of Ukraine, central banks have increasingly turned to gold to diversify reserves and reduce dependency on the US
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset. Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs
Asia shares rose on Friday and global markets attempted a rebound after a brutal selloff earlier in the week, while gold reached a record as the latest escalation of global trade tensions left nervous investors seeking safe-haven assets. Relief over the likely aversion of a US government shutdown boosted stocks in Asian trade, after Senate
