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FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rising Covid-19 cases across the country, and have ramped up supplies to their stockists to avoid a supply shortage. Companies such as Parle Products, Dabur India and ITC, which are already facing inflationary pressures on inputs, are keeping extra stock of raw materials ....
Sebi imposes ₹1 crore fine on Alchemist Infra Realty, 4 others Sebi imposes ₹1 crore fine on Alchemist Infra Realty, 4 others for unregistered investment activities. 1 min read . Updated: 23 Feb 2021, 01:41 PM IST PTI In an order passed on Monday, the watchdog said the company and individuals were engaged in fund mobilising activity from the public Share Via Read Full Story New Delhi: Markets regulator Sebi has slapped a total fine of ₹1 crore on Alchemist Infra Realty Ltd and four individuals for illegally mobilising funds from the public through a collective investment scheme. The individuals who have been fined are Brij Mohan Mahajan, Narayan Madhav Kumar, Balvir Singh and Chandra Sekhar Chauhan. ....
Govt clears defence acquisition proposals worth ₹13,700 crore The approvals include the acquisition of 118 Arjun Mk-1A main battle tanks (AFP) Share Via Read Full Story India’s Defence Acquisition Council (DAC) headed by defence minister Rajnath Singh on Tuesday approved arms purchases worth ₹13,700 crore as the government continues steps to modernize the military. “All these acquisition proposals will be indigenously designed, developed and manufactured. These will include inter-alia platforms and systems designed and developed by Defence Research and Development Organisation (DRDO), according to a government statement. TRENDING STORIESSee All 1 min read 2 min read . 06:07 AM IST Mumbai: Night curfew imposed from today as city reports biggest single-day spike. Check list of restrictions here ....
With IPO in sight, investors see Zomato feeding many more mouths Zomato’s latest funding round values the firm at a pre-money valuation of Rs37,850 crore ($5.15 billion)Premium 2 min read Share Via Read Full Story While investing around $100 million in Zomato Pvt. Ltd in its previous funding round, Kora Management LP had said: “With 700 million active broadband subscribers in India, of which 500 million have come online only in the past four years, Zomato has many more mouths it can feed. About three months later, while the broadband subscriber base has not changed much, the assessment of how many mouths Zomato can feed has increased quite dramatically. Zomato’s latest funding round values the firm at a pre-money valuation of ₹37,850 crore ($5.15 billion). For the previous funding round of $660 million, the pre-money valuation stood at ₹24,300 crore ($3.24 billion). That represents a jump of 56% in a matter of just a few months. ....
Sachin Tendulkar picks up stake in Unacademy Premium Share Via Read Full Story NEW DELHI : Edtech firm Unacademy on Tuesday said it has signed a strategic partnership with Sachin Tendulkar. The former cricketer has picked up a small stake in the company apart from becoming its brand ambassador. Unacademy did not close the financial details of the agreement. TRENDING STORIESSee All 1 min read Premium 2 min read Premium 2 min read Premium 2 min read Also Read | “With this partnership, we are creating an unmatched learning experience by having Sachin share his life lessons with our learners and coach them. We are working on developing a deeper content-led partnership, the contours of which will be revealed in the coming months, said Gaurav Munjal, co-founder and CEO, Unacademy Group. ....