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Gitanjali Gems signs 50:50 JV with Hassan’s Optician

Geetanjali Gems, the jewellery retail arm of Mumbai-based Geetanjali Group, has signed a 50:50 JV with Kuwait-based Hassan’s Optician, according to a statement by Gitanjali Group to Bombay Stock Exchange.According to the BSE filing, the formed alliance will permit...

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After India's premier IT company Satyam admitted to a fraud of Rs 70 billion, the disclosure brought shock waves in corporate India. This plunged the market into a downward spiral.The thirty-share index Sensex shut shop at 9586, down 749...

Indiabulls Retail launches employee stock option scheme; Lepps replaces Ikroop Singh

Indiabulls Retail Services has launched its new employee stock option scheme under the name “Indiabulls Retail Services Ltd Employees Stock Option Scheme - 2009". The new scheme came after the company’s board of directors cancelled and withdrew Piramyd Retail...

Pyramid Saimira promoter sells 6.5 pc stake in co

Cinema operator Pyramid Saimira Theatre Ltd (PSTL) has said in a statement to the stock exchange that a promoter of the company had sold 6.5 per cent of his stake in the company. The sale took place through open...

Future Capital acquires Black Diamond Finance

Financial services arm of Kishore Biyani-led Future group Future Capital Holdings has acquired non-banking financial firm Black Diamond Finance.According to the latest filing of Future Capital Holdings to Bombay Stock Exchange, the company has acquired 100 per cent of...

Rajesh Vaishnav quits Vintage Cards

In a latest development, Rajesh Vaishnav has resigned as the managing director of the company. The development came into effect from December 31, 2008, said the company in a filing to Bombay stock Exchange.However, the Pune –based company further...

Dabur enters into health drink segment

FMCG major Dabur India has announced its entry into the malted food drink market with the launch of its new health drink Dabur Chyawan Junior across the country.“Dabur is putting in a concerted effort towards offering the benefit of...

Welspun Group’s chairman passes away

Welspun Group's chairman GR Goenka, the man who had given a shape to the Group with his immense experience and vision, died on Sunday. Goenka took his last breath amid surrounding of his family members and friend, according to...

PVR seeks entertainment tax exemption; opens another multiplex in Mumbai

PVR has launched its multiplex in Mumbai. The new multiplex comprises seven mainstream digital audis with total capacity of 1,847 seats. Situated at Phoenix Mills Compound, 462, S B Marg, Lower Parel, Mumbai, the multiplex has been named as...

Chordia Food gets govt approval to establish mega food park

In a major development, Chordia Food Products announced that it has received an `in-principle` approval from Government of India (GoI), Ministry of Food Processing Industries, New Delhi for establishment of a mega food park at Shirwal in Maharashtra under...
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India leads in GenAI adoption, investment trends likely to rise in coming years: Report

The study also predicted promising investment trends shortly, with about 94% of respondents anticipating increased investments and budget allocations...
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