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June 18th, 2018 Grocery Startup Big Basket has been dragged to court over trademark violations claimed by Mumbai-based tea maker Girnar Food and Beverages Pvt Ltd. Girnar food has approached the court against two registered operating agencies - SuperMarket Grocery Supplies Pvt. Ltd, the B2B business entity that sources products and sells it to...
BUSINESS

June 15th, 2018 The popular Indian e-commerce company Myntra is now on board to accelerate its growth by increasing the number of its offline stores from 12 to 100 in the coming two years’ time with the aim to make its private label business stronger. According to the reports, the fashion etailer will open 50 stores featuring its most selling and...
BUSINESS

June 14th, 2018 The Anil Dhirubhai Ambani-led telecom company Reliance Communications has stated that the total number of jobs and recruitment in the company have reduced to 3,400 at present by about 94 percent from a high level of 52,000. The jobs at the RCom was at its peak at around 2008-10. But gradually the number has decreased, maybe due to the...
BUSINESS

June 13th, 2018 One of the world’s largest fashion retailers Inditex, that also owns the very famous fashion brand Zara has announced on Wednesday about the improvements in its profitability for the beginning three months of the current financial year. Without being affected by all the negative currency effects, the retailer managed to increase...
BUSINESS

June 12th, 2018 Sony Pictures Network India (SPN), the official broadcaster for the FIFA World Cup 2018, which will be telecasted from June 14, was in talks with multiple brands for on-air advertising and sponsorship a few days ago. The company has successfully persuaded 13 sponsors for the international level tournament. The companies that are...
BUSINESS

June 11th, 2018 The Gurugram-based online fashion-forward brand FabAlley has ended the financial year in March 2018 with EBITDA profitability with the help of its massive offline augmentation. The company exited the financial year 2017-18 with gross merchandise value (GMV) of INR 80 Cr ($11.85 Million). FabAlley is the ultimate Indian fashion...
BUSINESS

June 7th, 2018 The Delhi-based mass media company HT Media today has announced its plans for investment in its subordinate business ‘HT Music and Entertainment Company Ltd (HTME)’ with the aim to expand its FM radio business. The investment is reportedly priced up to Rs 400 crore. The music company manages two popular radio stations in India...
BUSINESS

June 7th, 2018 India's leading cab-hailing company Ola, run by ANI Technologies Pvt Ltd. has reported a phenomenal 70% jump in revenue in the year that ended 31 March 2017 as reported in its latest annual regulatory filings. As per the filings under the ministry of corporate affairs, Ola has recorded a revenue of Rs. 1,286 crore in 2016-17 when...
BUSINESS

June 7th, 2018 The Mumbai-based, Kishore Biyani owned ‘Future Group’ soon plans to begin the door-to-door delivery of dairy products like milk, eggs and bread every morning to its customers. The service will be inaugurated in the coming two weeks in the metro cities as of now, but will surely reach to other cities later. The milk delivery...
BUSINESS

June 7th, 2018 Global Investment Company Temasek and Singapore's Ascendas-Singbridge are looking forward to investing Rs. 2000 crore in India's industrial real estate and logistics sector. It is interesting to note that Ascendas-Singbridge has launched an "Ascendas India Logistics Programme" which has Temasek as its principal investor. Speaking...
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