Industry

Tiger Global-backed B2B seafood chain Captain Fresh reduced its net loss by 22% to 229 crore in FY24, while growing its topline by almost 70% to1,395 crore. The company has plans to end the current fiscal with a profitable bottom line and revenue growth in the range of $500-550 million. The company’s expenses rose 44%

FMCG giant Dabur will respond to a notice issued by the Delhi High Court in a trademark infringement case on February 5. The notice, served late last week, pertains to Dabur’s use of the name “Schezwan Chutney” for one of its products, according to a report by Bar and Bench. The case was filed by

– By Chandan Singh Ghugtyal  Over the past five years, the Indian e-commerce landscape has witnessed a revolutionary transformation. Especially with D2C brands setting their foot and gaining dominance, conventional marketplaces have been facing significant challenges. Moreover, with the emergence of new-age technologies D2C industry has gained amplified reach and prominence, cementing their position in

Angel One announced the appointment of Ambarish Kenghe as Group Chief Executive Officer, effective March 2025. Before this, he had a six-year stint at Google Pay.  “Widely recognized as ‘AK’ within the fintech community, Ambarish Kenghe is a distinguished technology and product leader with extensive experience in fintech, e-commerce, and consumer electronics. In his previous

Johnson & Johnson said on Monday it would buy neurological drugmaker Intra-Cellular Therapies for $14.6 billion, its biggest deal in more than two years, boosting its presence in the market for brain disease treatments. The deal would help accelerate growth in J&J’s drugs business after the company spun off its consumer health unit in 2023.

Asia Pacific-focused private equity firm PAG, on Monday, announced that it has signed agreements to acquire stakes in Manjushree Technopack. The firm has also acquired majority stakes in pharma focused packaging company Pravesha Industries. While PAG did not disclose valuation details, sources indicate that Manjushree Technopack has been valued at $1 billion, while Pravesha Industries

Jai and Sugandha Hiremath, promoters of Hikal, have unveiled details of a long-standing family arrangement involving the Kalyani family. The disclosure was made in a stock exchange filing under Sebi’s Listing Obligations and Disclosure Requirements (LODR) Regulations, following a recent Sebi clarification on the need to disclose family agreements still in effect. In their communication

The government does not expect any disruption to Russian oil supply in the next two months, given that US-sanctioned tankers are allowed to deliver crude until March, a senior official said on Monday. “Because there is a buying period, cargoes which are already in transit will come to us. So you will not see an