india

Karnataka Bank targets ₹1.75 lakh crore business in 2023-24
08 Apr

Karnataka Bank targets ₹1.75 lakh crore business in 2023-24

Priyanka BhowmickBUSINESS, Business
Karnataka Bank plans to achieve 17.69 percent growth in its centennial year to take its total business turnover to Rs 1,75,000 crore in 2023-24, it's CEO and Managing Director MS Mahabaleshwara said. Addressing employees of branches and offices across the country in the new financial year from the Mangaluru head office via virtual mode on Friday, he outlined the strategy and broad plan of action for the year 2023-24. As per provisional numbers, the bank's business turnover grew by 7.63 percent to Rs 1,48,694 crore, comprising deposits of Rs 87,362 crore and advances of Rs 61,326.00 crore, he said. "We…
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Nasher Miles names Rishabh Pant as its brand ambassador
07 Apr

Nasher Miles names Rishabh Pant as its brand ambassador

Priyanka BhowmickBusiness, India,
Luggage brand Nasher Miles has roped on cricketer Rishabh Pant as their brand ambassador. As part of the association, the brand plans to run digital ads featuring cricketers. Lokesh Daga, founder, and CEO of Nasher Miles said, “Cricket in India spans all age groups, categories and geographies and Pant is a well-known Indian wicketkeeper-batsman. Considering this, we chose Pant as the face of our brand. “I am extremely excited to be the face of Nash Miles, and I completely resonate with the brand's motto of making the travel experience more fun, efficient and memorable through its wide range of affordable…
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L’oreal buys Australian brand Aesop from Natura in $2.5-billion
06 Apr

L’oreal buys Australian brand Aesop from Natura in $2.5-billion

Priyanka BhowmickBusiness, India,
French cosmetics group L'Oréal has entered into an agreement with Brazil's Natura & Co to buy the Australian luxury brand at an enterprise price of $2.53 billion, both companies said on Monday. According to a statement, the Aesop brand will have sales of $537 million in 2022. "Aesop taps into all of today's booming currents and L'Oreal will contribute to unlocking its huge growth potential, particularly in China and travel retail," L'Oreal CEO Nicolas Hieronymus said in the statement. The L'Oréal Luxe division, which includes L'Oreal, was the group's top performer for the second consecutive year in 2022, with sales…
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Odisha gets investment intent worth Rs 26,000 crore at business meet in Tokyo
06 Apr

Odisha gets investment intent worth Rs 26,000 crore at business meet in Tokyo

Priyanka BhowmickBusiness, India,
The Odisha government received an investment target of Rs 26,000 crore during the Odisha business meet held in Tokyo on Wednesday. Chief Minister Naveen Patnaik has tied up with some leading Japanese investors across the sector to attract foreign investment. The intentions were received from sectors such as logistics, metal accessories, steel, metal downstream, green hydrogen and green ammonia, green energy equipment manufacturing, IT and IT-enabled services, an official statement said. Details of the company, which has expressed interest in investing in Odisha, were not shared. Addressing over 200 investors in Japan, Patnaik said Odisha is one of the fastest-growing…
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Reliance Retail hires ex-Amul chief Sodhi
05 Apr

Reliance Retail hires ex-Amul chief Sodhi

Priyanka BhowmickBUSINESS
Former Amul MD RS Sodhi has joined the Reliance retail venture, The Times of India reported. Sodhi has been roped in to help the Isha Ambani-led business grow in the grocery vertical, with a focus on fruits and vegetables, the report added. Sodhi, who was MD of the dairy farm for over 12 years, resigned in January.
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Arijit Singh all set to perform in Siliguri
04 Apr

Arijit Singh all set to perform in Siliguri

Priyanka BhowmickEntertainment, India,
A few days ago, he stormed the opening stage of the IPL with his melodious voice. After that Arijit Singh's destination is North Bengal. He did a concert in Kolkata in February. After that, this Bengali star from Mayanagari appeared to perform in the state one more time. The concert will be held in the evening on Tuesday, April 4 at the Kanchenjunga Stadium in Siliguri. According to sources, Arijit reached Siliguri on Wednesday at midnight. The destination vehicle for a star like him could be a private jet. But Arijit wants to keep his feet on the ground, it…
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King Pipes gets Suniel Shetty
04 Apr

King Pipes gets Suniel Shetty

Priyanka BhowmickEntertainment, India,
King Pipes, a pipe and fittings manufacturer, has roped in Bollywood actor Sunil Shetty as its brand ambassador. With this association, the company aims to create a face with broad national appeal and distinct personality for its target demographic by increasing its brand presence in the Indian market, a release said. "Sunil Shetty is a self-made celebrity, widely recognized as one of the most influential stars on both theatrical and OTT platforms. Likewise, King Pipes has a proven track record of providing high-quality plumbing solutions that prioritize water and environmental conservation since 1996. Rajesh Patel, Managing Director, King Pipes said.
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SpiceJet Hives Off Cargo And Logistics Unit, Says Will Unlock Value
03 Apr

SpiceJet Hives Off Cargo And Logistics Unit, Says Will Unlock Value

Priyanka BhowmickBusiness, India
Airline SpiceJet has spun off its cargo and logistics division, SpiceXpress, into a separate entity, paving the way for the company to raise funds independently. The hive off is aimed at the airline's aim to grow its cargo business as well as provide a more streamlined and efficient service to customers. The separation took effect from April 1. The airline said the closure of hive would strengthen its balance sheet and erase a significant portion of its negative net worth and unlock significant value. The distress sale consideration will be exhausted by SpiceExpress through the issuance of securities including equity…
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India reports 2,995 new Covid-19 cases
01 Apr

India reports 2,995 new Covid-19 cases

Priyanka BhowmickEntertainment, India,
India has reported a slight drop in daily coronavirus infections. According to Union Health Ministry data updated on Saturday, the country registered 2,995 cases in the last 24 hours, taking the active caseload above the 16,000-mark. The number of people who have recovered from the disease has increased to 44171551, while the death rate has been recorded at 1.19 percent. This comes after the country recorded 3,095 new coronavirus cases in a day. Speaking to news agency ANI, Dr Arvind said, "Now that the tests have increased, so have the cases. But the good thing here is that the ones…
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Faridabad couple quits printing business, now sells street food
01 Apr

Faridabad couple quits printing business, now sells street food

Priyanka BhowmickIndia
A food vlogger's video chronicling a couple's arduous journey selling rajma chawal has become the 'definition of reality' for several social media users. The clip begins with the vlogger revealing that he is selling rajma and kadi chawal in front of a small street stall in Faridabad. The person behind the camera starts asking the vendors about how their business going. The man, busy making an order, reveals that he had a printing press business before the lockdown. Unfortunately, his business going through huge losses during the Covid-19 pandemic. He was forced to close his business completely. After the COVID-19…
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