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April 19th, 2018 Baba Ramdev led Indian FMCG company Patanjali Ayurved registered an online sales of up to Rs 15 crore every month and expect it to grow further every month. "Our online business is between Rs 10 to 15 crore per month, and expecting to increase it further every month. Our online business is doing good despite the fact that we are not...
BUSINESS

April 18th, 2018 The second hedge fund launched by Mumbai based private equity firm, Avendus Capital titled Avendus Enhanced Return Fund (AERF) has crossed Rs. 1000 crore in assets under management within last four months of its launch as reported by the financial service group on Tuesday. AERF is an alternative investment fund that belongs to...
BUSINESS

April 17th, 2018 Swedish home furnishings chain IKEA today said it has signed a memorandum of understanding (MoU) with the Gujarat government to set up its stores in the state with an expected investment of up to Rs 3,000 crore in the long term. IKEA, which received government approval in 2013 for its Rs 10,500-crore proposal to open retail stores...
BUSINESS

April 16th, 2018 Reliance Industries has reported that its resolution plan for acquiring Alok Industries in conjunction with JM Financial Asset Reconstruction Company has been rejected by the committee of creditors (CoC). JM Financial had bid jointly with Reliance Industries to acquire mega textile producer Alok Industries. As per the guidelines of...
BUSINESS

April 16th, 2018 Investment opportunities in India have been growing at a rapid rate over past few years. This has led to major firms setting India at the heart of their investment strategy. As per the information obtained from sources, Blackstone Group is set to invest 60% of its maiden Asia focused fund into the Indian economy. "Blackstone plans...
BUSINESS

April 14th, 2018 Titan, Tata Group’s daughter company announced that it is targeting a gross revenue of Rs 50,000 crore by FY 22-23 and is forecasting its jewelry business to keep driving the sales of the company. “Titan now aspires to touch 50 million customers across all its businesses and achieve the UCP (Uniform Consumer Price) revenue of Rs...
BUSINESS

April 12th, 2018 Saudi Aramco, an alliance of India state refineries has agreed to build a mega refinery based petrochemical project on India's west coast for an estimated $44 billion, as per the sources involved in the oil deal. The move will grant 50 percent stake to Saudi Aramco, in a planned 1.2 billion barrel per day amount granting the oil...
BUSINESS

April 3rd, 2018 Keventers, the 2 century old dairy brand announced it would expand into the energetic and exciting Goa market, with the first shop opening at MG Road, Panjim and a second in Titos Lane in Baga. Coming 2019, Goa will become the fifth city with the most of Keventers outlets coming short only to Delhi, Mumbai, Bengaluru and...
BUSINESS

April 1st, 2018 India's largest two-wheeler company Hero MotoCorp has crossed the 75 lakh units sales mark in 2017-18 fiscal year. The automobile company has sold 66.6 lakh bikes and scooters in 2016-17, becoming the first company to achieve such milestone globally. As per the press release, the automobile maker is now targeting 1 crore unit sales by...
BUSINESS

March 31st, 2018 While Indian Premier League is just around the corner, video streaming service of Star India, Hotstar has launched a self-service ad tool called Hotstar Adserve. This is simply one lucrative opportunity for small-sized advertisers to showcase their advertisements on a well-known platform that attracts massive viewership globally. Star...
BUSINESS

March 27th, 2018 JSW Group announced an additional investment not exceeding $500 million on its steel pipes and plates factory in Texas, which will allow them to make full use of the 1 million ton installed facility they acquired in 2007 instead of obtaining raw steel from Latin America and India. The group acquired the facility from then bankrupt...
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