Manyavar, Owner of Vedant Fashion Ltd., Float IPO Next Week
Kolkata-based fashion Ltd, the owner of ethnic wear brands, Manyavar, Mohey and Mebaz, will hit Dalal Street next week with its initial public offering (IPO). The subscription for the public issue will last for four days, starting from February 4 and lasting on February 8. Anchor investment will be able to bid on February 3. …
IT Outsourcing Strategies: Meaning, Types and Pros & Cons
Every IT company dreams of ruling the industry. But is this possible without expertise? No! No business gets success without IT outsourcing strategies. Yes, business strategies are the secret to optimizing the process and seeing immediate benefits. A lot of people say that starting a business is harder. NO, in fact, managing or maintaining a…
Yellow.ai Appointed Neeru Mehta as First Chief HR Officer
Yellow.ai, an experience (TX) automation platform, has announced Neeru Mehta as its first chief human resource officer, CHRO, on Tuesday. The company aims to expand its plan globally and hire talent across verticals with this new member in the company. In her new role, Mehta will be responsible for strengthening the employer branding and people…
Tata Sky Is Now Tata Play To Offer OTT Services
Tata Sky, one of India’s leading DTH (Direct-to-home) companies, has upgraded its television services to OTT (Over-the-top). The company will now offer television-cum-OTT services through its combined packages. The direct-to-home company Tata Sky also dropped its name after 18 years and rebranded itself as Tata Play in respect of OTT services. Tata Sky or Tata…
Swiggy Crossed $10.7 Billion Valuation After Raising $700 Million in Invesco
Food delivery giant, Swiggy, has raised $700 million in Invesco and crossed a $10.7 bn valuation, according to the sources.  Swiggy’s latest valuation is almost double to Zomato before the latter went for its initial public offering. Zomato was valued at $5.4 billion before its IPO. With this new funding, Swiggy also came closer to…
Samara Capital To Invest ₹ 7k Cr In FRL, Amazon Confirms
Amazon has written to Future Retail for financial concerns. The proposal includes Amazon-backed private equity firm Samara Capital and FRL, in which Samara Capital retains its interest in investing Rs. 7k Crore for buying all retail assets, according to the sources. Amazon has reached independent directors of FRL, including Gagan Singh, Ravindra Dhariwal, and Jacob…
CESL‌ ‌Launched‌ ‌Tender‌ ‌Worth‌ ‌₹‌ ‌5,500‌ ‌ Cr.‌ ‌for‌ ‌5,580‌ ‌Electric‌ ‌Buses‌
Delhi: Chief Minister, Arvind Kejriwal, flagged-off first e-bus on Monday, and 300 more buses will join the public transport system soon. CESL, Central Government Agency Convergence Energy Services Ltd., launched the biggest tender ever worth INR 5,500 crore to procure 5,580 buses, including double-decor, in the capital city, New Delhi. With this, the Delhi government,…
Nupur Nagpal is Appointed As New Chief HR Officer at Myntra
Myntra, an online fashion retailer, has appointed a new chief human resource officer (CHRO) and elevated Raghu Krishnananda, who was the chief technology officer, to chief technology and product officer (CTPO). Nagpal, under her new role, will handle the business’s human resource roadmap and also focus on enriching companies human capital. Nupur has a rich…
Reliance Retail Acquires 54% Shares in Addverb For ₹ 983 Cr.
Reliance Retail Venture Ltd., the retail unit of Reliance Industries Ltd., has now acquired 54% stakes in Robotic Company, Addverb Technologies for ₹ 983 Cr. ($ 132 million approximately). Before this, Reliance has picked 25.5% stacks worth in Dunzo for $240 million. With this, the company is expecting business extension in Europe and US and…
HCL Technologies: Bookings Higher By 64% YoY
C Vijayakumar, CEO and MD, and Prateek Aggarwal, CFO of HCL Technologies, have announced Q3 results. Get insight into the whole matter in the following section. How is the Demand Environment? What are the big themes that are expected to play roles in going forward? C Vijayakumar: The demand environment is strongly driven by multiple…
