Zappfresh acquired Mumbai's Bonsaro to bolster its presence in West India. This acquisition covers Bonsaro's operations and assets, with expectations of Rs 160 crore revenue by FY25. ZappFresh as a D2C brand has got funding from investors, including SIDBI VC, Dabur Family Office, Letsventure, Keritsu Forum, HT and several prominent angels from the food and tech sectors.
SpaceX is all set for first private spacewalk next week. Funded by Jared Isaacman, the mission will test SpaceX's new spacesuits. This five-day mission includes a spacewalk on the third day, involving spacewalks by Isaacman and another crew member.
Bharat Bandh 2024: The Reservation Bachao Sangharsh Samiti has called for a Bharat Bandh on August 21 to protest the Supreme Court’s ruling on creating sub-categories within SC/ST reservations. The protest seeks to reverse the decision. Security has been tightened, with precautionary measures ensuring public safety. Emergency services will remain operational during the bandh.
Developed nations pushed to include more countries, like China and Saudi Arabia, in the new climate finance goal, set for finalisation in November. This move has faced resistance from developing countries. Switzerland suggested economic criteria to expand the donor base. There are concerns about equity and historical responsibility.
Here are nine simple self-defence items every woman should consider carrying:
The protest turned violent as agitators vandalised the school, where the alleged incident occurred last week, and also indulged in stone-pelting at the Badlapur railway station, police said.
To curb rail accidents, the Railway Board will install AI-equipped CCTV cameras on locomotives and at key yards. Chairperson Jaya Verma Sinha said security will be heightened during the Kumbh Mela, with 900 special trains planned for 2025. The Prayagraj Junction infrastructure will also be expanded.
Welspun One acquired 22 acres on Bilaspur-Tauru Road in the Gurugram-NH8 corridor for a Rs 125 crore logistics park. The project was set to create jobs for up to 1,500 individuals. JLL India facilitated the acquisition. The initiative aligned with Welspun One's expansion plans in India's logistics sector.
Amit Jeswani, CIO of Stallion Asset, discussed their strategy of staying fully invested, with a focus on high-growth, market-leading companies. Despite briefly holding cash last quarter, they prioritize finding new stock ideas. Jeswani highlighted fruitful investments in capital markets and the growing potential in sectors like power and cables. They continuously seek promising opportunities.
The Nifty IT Index experienced a remarkable 32% surge over the past year, fuelled by a robust first quarter. This strong performance was primarily driven by Tier-1 IT companies, which showed solid revenue growth, improved margins, and stable management outlooks, contributing to the sector's outperformance.
RML Hospital ended its nine-day strike concerning the alleged rape and murder of a Kolkata medic after the Centre agreed to enhance security measures within 45 days. The Supreme Court created a task force to formulate a national protocol for doctors' safety. Duties resumed without salary deductions amid continued advocacy for justice.
The alleged sexual assault of two minor girls at a school in Badlapur has sparked widespread protests and led to immediate government action. The Maharashtra government has arrested one suspect, suspended several school staff members, and initiated a series of reforms, including the formation of Vishakha Committees and mandatory CCTV surveillance in schools. Public anger continues to mount, with protests disrupting train services in Badlapur. The state government has also formed a Special Investigation... Читать дальше...
Bengaluru-based BHIVE Workspace plans to almost double its operational assets to 3 million square feet by FY26. The company expanded by 1.5 million square feet over two years and teamed up with international property consultants. BHIVE targets over Rs 350 crore in revenues for FY24-25 and considering an IPO by FY26.
TMC MP Sukhendu Sekhar Roy and the state of West Bengal have reached a settlement regarding a social media post in which Roy sought the custodial interrogation of the Kolkata police commissioner and the ex-principal of RG Kar Medical College in connection with an alleged rape and murder case. Roy's lawyer informed the Calcutta High Court that Roy has agreed to delete the post. The state's counsel assured the court that no action will be taken against Roy related to this issue. The court will pass... Читать дальше...
India's Competition Commission has expressed concerns that the $8.5 billion merger between Reliance and Walt Disney could negatively impact competition by consolidating control over cricket broadcast rights. The regulatory body has asked the companies to provide reasons why a formal investigation should not be launched, citing fears of potential pricing power and dominance in advertising.
UPSC withdrew its advertisement for 45 lateral entry posts after the Centre's directive due to concerns about reservation. Union Minister Jitendra Singh prompted the move, emphasizing fair representation for marginalised communities such as OBCs, SCs, and STs. The initial plan included hiring specialists from the private sector for government roles.
The rate cut optimism led to IT stocks rallying, and four Nifty50 stocks reached new 52-week highs during the trading session
The electronics manufacturer said it is making products such as 4G base band units, remote radio head, optical network terminals, broadband switches and routers at its Noida facility.
Mahindra & Mahindra launched the Thar Roxx, aiming to broaden its market with an aspirational yet affordable off-roader. Analysts forecast up to a 38% rise in the stock value, despite its significant rally over the past year. The five-door model, starting at Rs 13-14 lakh, is expected to double the Thar portfolio volumes.
UBS valued Zomato at $32.1 billion – a 15% premium over its current market capitalisation of $27.8 billion. As of July, the brokerage firm estimated Blinkit’s market share at 40-45%, with Swiggy's Instamart at 20-25%, followed by Nexus Venture Partners-backed Zepto at 15-20%, and Big Basket’s BBNow at 10-15%.
Ramesh Kulmi, a 67-year-old caretaker from Madhya Pradesh, died after being trampled and bitten by a camel while intoxicated in Thavalakuppam, Puducherry. He and Ajith were providing camel rides to tourists at a local beach. The police have registered a case and started an investigation.
Indian REITs Association (IRA) data showed that in the latest June quarter, these four REITs have together distributed more than Rs 1,371 crore to over 2,45,000 unit holders.
Congress leader Rahul Gandhi visited the family of Arjun Pasi, a 22-year-old Dalit man who was shot dead in Salon, Uttar Pradesh. Gandhi assured the family that he would fight to ensure they receive justice. He expressed concern over the lack of action against the alleged mastermind behind the killing, criticizing local authorities for only arresting minor suspects. Gandhi vowed to continue pushing for justice until the family is satisfied, emphasizing the need for equal treatment and respect for all sections of society in Uttar Pradesh.
Granules Pharmaceuticals Inc, a subsidiary of Granules India, has received approval from the USFDA for a generic Glycopyrrolate oral solution meant for pediatric patients with neurological conditions associated with drooling. The medication is bioequivalent to Cuvposa Oral Solution by Merz Pharmaceuticals and has a strength of 1mg/5mL.
