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Swiss-Asia Holding exits ABFRL, sells entire stake for Rs 207 crore

Swiss-Asia through its affiliate Griffin Growth Fund VCC sold the shares of ABFRL on the NSENew Delhi: Financial services company Swiss-Asia Holding Pte on Wednesday offloaded its entire 1.03 per cent stake in Aditya Birla Fashion and Retail Ltd...

Senco IPO price band at Rs 301-317 per share

The bids have to be made for a minimum of 47 shares of Rs 10 each and the initial share sale will conclude on July 6 and the bidding for anchor investors will open on July 3Kolkata: Jewellery retail major...

In 3 years 90% retail digital payments will be UPI: PwC India report

UPI is projected to account for 90% of the total transaction volume in retail digital payments over the next five yearsNew Delhi: Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27,...

One97 Communications shares jump over 5% on narrowing loss in Jan-Mar of FY23

Operating under Paytm brand, One97 Communications jumped over 5% in morning trade on Monday New Delhi: Shares of digital financial services firm One97 Communications, which operates under the Paytm brand, jumped over 5 per cent in morning trade on Monday after...

Union Budget 2023: MSMEs to be benefited from the new budget

Revamped credit guarantee schemes for MSMEs will enable additional collateral-free credit of Rs 2 lakh crore to them while the cost of credit will be reduced by 1% New Delhi: Finance minister Nirmala Sitharama, in her budget 2023 speech on...

ABFRL proposes to raise Rs 500 crore through NCDs

Aditya Birla Fashion and Retail Ltd (ABFRL) raised funds by issuing 5,000 listed, unsecured, rated, redeemable non-convertible debentures (NCDs) of a face value of Rs 10 lakh eachNew Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL) plans to raise Rs...

Reliance makes open offer to acquire 26% stake in Lotus Chocolate

The open offer starts on February 21 and closes on March 6 and it will aggregate to a total consideration of Rs 38.56 crore over the full acceptanceNew Delhi: Two Reliance group firms - Reliance Consumer Products Ltd (RCPL) and Reliance...

Walmart pays most of tax bill arising from shifting of PhonePe headquarters to India

Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to IndiaNew Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...

UpScalio: Helping e-commerce startups scale

CEO and co-founder of e-commerce roll-up UpScalio Gautam Kshatriya explains how his company acquires startups and then nurtures them to grow New Delhi: The rollup e-commerce wave has hit India in the recent years. The space, where small firms are...

Zomato stock declines 5 pc in morning trade

Zomato's co-founder and CTO resigns, stock declines by 4.31 per cent to Rs 57.65 on the BSE New Delhi: Shares of online food delivery platform Zomato declined 5 per cent on Tuesday, a day after its co-founder and Chief Technology...

Is the e-commerce industry ready for the crypto revolution?

There are several factors to consider when evaluating the readiness of the e-commerce industry for the adoption of cryptocurrenciesBy Prayag SinghThe e-commerce industry has come a long way since the early days of the internet, and it has continued...

Sula Vineyards shares make tepid market debut; list at over 1 pc premium

The stock listed at Rs 358, marginally higher by 0.27 per cent from the issue price on the BSENew Delhi: Shares of Sula Vineyards on Thursday made a tepid market debut, listing with a premium of just over 1...

Snapdeal drops IPO plan, withdraws DRHP

Snapdeal withdraws IPO plan to issue fresh equity shares amid weak market conditions, it might reconsider in the futureNew Delhi: E-commerce player Snapdeal has deferred its plan for IPO through which it was planning to issue fresh equity shares...

Everstone signs franchisee agreement to open Italy’s Lavazza cafes in India

Lavazza is the third foreign brand the private equity firm Everstone has signed for India after Burger King and Subway New Delhi: Private equity firm Everstone Capital has signed a franchisee agreement with Italy-based Luigi Lavazza S.p.A to open Lavazza-branded...

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Flipkart launches fourth grocery fulfilment centre in Bengal

West Bengal Agriculture Minister Sobhandeb Chattopadhyay welcomed the decision of Flipkart to launch its fourth grocery fulfilment centreNew Delhi:...
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