Story 5
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15AugNo Comments
25JanNo Comments
German Personal Care brand Creme 21 Acquired for Euro 11-12 million
A leading German personal care brand, Creme 21 was acquired by an Indian FMCG Emami for 11-12 million euro.
This is the first international acquisition of this size in this segment by Indian FMCG Emami.
We had acquired a small company earlier. The brand has been acquired at around 11-12 million euro of little less than 1.5 times of sales of 8 million euro," Emami director Harsha V Agarwal said. "This international acquisition will add to about 15 per cent of total overseas revenues and is in line with the companys strategy for growth through inorganic route," he said.
Creme 21 will help to expand Emami's international business which is primarily dependent on personal care. In the personal care segment alone Emami total business accounts for 70 percent in India.
Creme 21 has a...
6MarNo Comments
Five Major Economic Changes of Middle East to Look Into
Middle East region has always been a conflicted area ever since its inception. Whether it is the continuously growing mass killing of Syrian refugees, or it is never ending regional, religious issues in Jerusalem, or the threats posed by ISIL groups over Syria and Libya, the problems just never seem to seize. In the midst of all the negative occurrences hovering and circumscribing the middle east, let’s have a sharp look at the positive advances of the economic aspects of the middle east region.
Booming Startups & Tech
Middle east is now becoming one of those countries, which is attracting a lot of business with a wide range of start-ups and entrepreneurship enthusiasts. JustMop, Talabat, Souq.com, are some of the expanding start-ups with brilliant innovative ideas, that ar...
6MarNo Comments
Sea Food Market Shares: The Latest Profitable And Lucrative Sphere To Invest In
The recent news of the drafting of the massive IPO of 900 million, at the SEBI by the leading seafood exporter Devi Sea Foods has stirred the market. The listing of equity shares will help to improve its brand image and provide liquidity to its existing shareholders. The company, which had its advent in 1992, will have the leading companies Axis Capital, ICICI Securities, and the Kotak Mahindra Bank will look after its public offerings. The company’s promoters are P Brahmanandam, P Suryavathi, P Rama Devi and N Naveena as per the information by the SEBI.
Well, this is not the first and obviously the last time the sea business has to show its potential to expand in the market business to expand on. One of the leading exporters of aqua foods, Apex Frozen Foods, which was incorporated in 1...
10FebNo Comments
Mahesh Murthy Clarifies After His Arrest in Sexual Harassment Case
The famed Indian Marketer and investor, Mahesh Murthy, was arrested in Mumbai on Friday for molesting and stalking a women under Section no. 534, 354 D (stalking), 509 (word, act or gesture to outrage the modesty of a woman), IPC r/w 67A of IT Act (as the harassment was done electronically) on the basis of the complaint of a Delhi based woman who filed the charge to the National Commisiiomn of Women (NCW) in late 2017.
The case was, however, registered relying on the accusations made by the women in the police station on December 30. According to the Delhite, the angel investor used indecent words and tried to damage her sentiments. The NCW, in relation to the case, wrote to the Maharashtra director general of police coming across Murthy's alleged use of disparaging and objectionable s...
20JanNo Comments
Reliance Jio Turns Profitable in Less Than 18 Months
Bengaluru: Reliance Industries Ltd, India’s largest listed company by market value, said on Friday that its $30 billion telecom start-up Reliance Jio Infocomm Ltd has turned profitable less than a year and a half since its launch. Reliance Jio swung to a profit of Rs504 crore ($78.97 million) in the third quarter from a loss of Rs271 crore in the second quarter.
6/n Q3 FY2017-18 Positive net profit from digital services segment #Jio of Rs 504 crore #RILresults
— Flame of Truth (@flameoftruth) January 19, 2018
13/n Q3 FY2017-18 #Jio standalone revenue from operations at Rs 6,879 crore, up 11.9% q-o-q #RILresults
— Flame of Truth (@flameoftruth) January 19, 2018
Reliance Jio, launched late in 2016, sparked a price war in India’s cut-throat telecoms sector, driving down margins...
6FebNo Comments
99HomeMade.com- A Startup Giving You a Bite of Homemade Food
As you bunker down in your house, probably listening to light music or binge watching and suddenly realize your stomach growls for food! Fortunately, if you are in Gurgaon, you can cater to your stomach by serving it the TRULY Homemade food and that too without creating a big hole in your pocket!
With 99HomeMade.com, now customers can get a totally customizable meal at tremendous low costs of just Rs. 99/ onwards on their doorsteps.
“At 99homemade.com you just need to select your meal from immense varieties, from breakfast to dinner. You can customize your meal or plate select according to your diet and like, in addition you can add chutney and other additives, which are freshly prepared.”
Encountering the Brand for the First Time
The 99Homemade.com comprises of several, what...
21DecNo Comments
Save 46 percent Tax Using Digital Transaction- Indian Govt to Small Traders
Government today said small traders will be able to save up to 46 per cent in tax by migrating from cash to digital transactions as the decision to tweak the presumptive income norms would reduce tax liability.
"Apart from making a tax saving of almost 46 per cent by migrating to banking mode, the small businesses would be able to build their books which may also help them get bank loans easily," the Finance Ministry said in a statement.
Also, if transactions are carried out through banking channels, then anybody having annual turnover up to Rs 66 lakhs will have zero tax liability after availing the benefit of Section 80C, after amendment of this new rate structure, it said.
Earlier in the day, Finance Minister Arun Jaitley said "The object is if you do transactions using digital m...