Puravankara firm buys Metro Cash & Carry’s 7.6 acre in Bangalore for Rs 405 cr

Puravankara firm buys Metro Cash & Carry’s 7.6 acre in Bangalore for Rs 405 cr

2018-10-01T11:05:16+00:00 On

Puravankara Ltd, one of India’s largest real estate developers, said one of its associate companies will buy a 7.6 acre plot in Bangalore’s Yeshwantpur from international retailer Metro to develop a commercial complex. The deal will be carried out through Keppel Puravankara Development…

MCA orders inspection into Vakrangee’s accounts

MCA orders inspection into Vakrangee’s accounts

2018-09-29T14:22:59+00:00 On

Vakrangee Ltd, the Mumbai-based technology and distribution company, said the ministry of corporate affairs of India has ordered an inspection of its accounts for three years, and that PricewaterHouse will step down as the company auditor as part of the exercise. The…

Parag Milk Foods lauds higher export subsidy for milk products

Parag Milk Foods lauds higher export subsidy for milk products

2018-09-28T13:37:08+00:00 On

Parag Milk Foods said the government’s move to increase subsidy on the export of milk and milk products will help the company’s exports. The Government of India has increased the export subsidy benefit on milk & milk products from 10% to 20%…

Parag Milk Foods starts supplying to Delhi from North Indian plant

Parag Milk Foods starts supplying to Delhi from North Indian plant

2018-08-28T11:11:07+00:00 On

Parag Milk Foods said it has started targeting the North Indian market more effectively as it has operationalized its recently acquired Danone milk plant in Sonipat in Haryana. The plant was acquired in April. So far, the company had to rely on…

Infibeam plunges to Q1 loss as payment outgoes jump

Infibeam plunges to Q1 loss as payment outgoes jump

2018-08-16T08:37:29+00:00 On

Infibeam Avenues, one of India’s largest home-grown e-commerce companies, reported a standalone loss of Rs 14 cr for the first quarter due to a sharp increase in payment gateway charges. While operating revenue for the Apr-Jun quarter increased sequentially by Rs 5.3…

Future Retail margin improves as co sheds unprofitable outlets

Future Retail margin improves as co sheds unprofitable outlets

2018-08-09T16:51:55+00:00 On

Future Retail, the country’s largest brick-and-mortal retailer with over 1,100 stores, reported an overall improvement in its profits margins in the Apr-June quarter. The improvement was largely the result of a slight dip in operating expenses, even as sales fell as the…

PVR opens 4-seat multiplex at Phoenix United Mall in Bareilly

PVR opens 4-seat multiplex at Phoenix United Mall in Bareilly

2018-08-08T11:54:56+00:00 On

PVR Cinemas said it has opened its 137th multiplex at Phoenix United Mall in Bareilly, Uttar Pradesh. With this, said India’s largest cinema exhibitor, it now has 13 multiplexes in Uttar Pradesh. The company has also increased the total multiplexes in North India…

Dabur reports strong sales growth, margins decline QoQ

Dabur reports strong sales growth, margins decline QoQ

2018-07-31T14:18:54+00:00 On

Nature-based consumer products maker Dabur India reported 24.6% growth in net profit for the first quarter, riding the trend of rising sales. However, the company, which faces tough competition from Patanjali Ayurved, reported a dip in profits when compared with the preceding…

Videocon Industries placed under bankruptcy, board suspended

Videocon Industries placed under bankruptcy, board suspended

2018-06-12T08:59:42+00:00 On

Videocon Industries, one of the biggest local-grown consumer durables companies in India, confirmed that it had been placed under bankruptcy by the National Company Law Tribunal, in a petition by SBI. With this, the company’s board of directors have lost their power…

Acharya Balkrishna: Swadeshi not about boycotting foreign ideas & capital

Acharya Balkrishna: Swadeshi not about boycotting foreign ideas & capital

2018-06-02T16:58:09+00:00 On

Acharya Balkrishna, the owner of Patanjali Ayurved — one of India’s biggest consumer products companies — clarified that his company was not advocating a boycott of foreign ideas, concepts or even capital in the name of going Swadeshi. Speaking at the India…

Reliance Digital, Jio Stores to sell all Motorola devices

Reliance Digital, Jio Stores to sell all Motorola devices

2018-05-30T19:00:47+00:00 On

India’s largest technology retail chain Reliance Digital said it signed an agreement to sell all Motorola products at its outlets. At present, Motorola is largely an online-focused brand. Motorola, which used to be a big brand in the country in the 1990s…

PE player L Catterton buys 10% in Future Lifestyle, owner of Brand Factory, Central

PE player L Catterton buys 10% in Future Lifestyle, owner of Brand Factory, Central

2018-05-21T13:21:10+00:00 On

L Catterton Asia, the Asian unit of the consumer‐focused private equity firm, will take a stake of around 10% in Future Lifestyle Fashions Ltd, the company that operates the Brand Factory and Central fashion stores in India. The valuation or the amount…

Walmart-Flipkart deal to change offline retail in India – CMR

Walmart-Flipkart deal to change offline retail in India – CMR

2018-05-11T11:55:20+00:00 On

CyberMedia Research, the market research arm of the CyberMedia publishing group, has predicted that the $16 bln acquisition of Flipkart by WalMart, the world’s largest retailer, will bring far-reaching changes in India’s retail sector, both online and offline. The news of the…

Parle Products in distribution tie-up with Manpasand Beverages

Parle Products in distribution tie-up with Manpasand Beverages

2018-05-07T12:45:54+00:00 On

Manpasand Beverages said it has inked a distribution tie-up with Parle Products, one of India’s largest food and beverage companies, for the Western Indian market. The move comes after a similar agreement for eastern India helped Manpasand increase its reach. Through this…