Aditya Birla Group To Invest Rs 2000 Cr In B2B Commerce
Aditya Birla Group said on Tuesday, 19 July, that it would invest Rs 2000 crore in B2B commerce for the building segment over the next five years. Grasim approves the investment plan. Tech unicorns like Infra Market and OfBusiness have become major players in the building material segment of business-to-business eCommerce over the last few…
Aman Goyal
AC Sees Highest Number Of Sales In H1 Amid Scorching Heat
India has experienced extreme heat waves this year. The highest temperature recorded this year in April was 45℃. Amid the scorching heat, the demand for cooling appliances, especially air conditioners, has witnessed a sharp uptick, and the industry has registered cumulative domestic sales of air conditioners of nearly 6 million units in the first half…
Ganesh Mani Appointed As Chief Of Operations At Ashok Leyland
Ashok Leyland, the Indian flagship of the Hinduja Group and India’s leading commercial vehicle manufacturers, announced the appointment of Ganesh Mani as President and Chief of Operations. In his role, he will head the entire operations of Ashok Leyland including Manufacturing, Sourcing, and Supply Chain, the company said in a press release. In regard to…
Has Elon Musk Jeopardised Twitter’s Business For His Gain?
Elon Musk has found himself surrounded by another controversy, regarding the failed deal with Twitter. Apart from successfully running his automotive and clean energy company, ‘Tesla’, the multi-billionaire CEO is often spotted making incautious comments and replies over social media. In April 2022, Elon Musk disclosed his stakes in Twitter, making him the single largest…
Adani Group Enters 5G Spectrum, Reliance Jio, and Bharti Airtel In Competition
Billionaire Gautam Adani’s group on Saturday confirmed its entry into the race to acquire a 5G spectrum, for which they have to apply for participation in the upcoming 5G spectrum auction. The company will use the technology to create a private network to support its business from airports to power as well as data centres.  …
Indian Soft Toy Market Valued $1.35 Billion in 2021
The Indian toys market witnessed immense growth last year, valued at $1.35 billion. Looking forward, IMARC (International Market Analysis Research and Consulting) Group expects the market to reach US$2.73 billion by 2027, exhibiting a CAGR (Compound Annual Growth Rate) of 12.6% during 2022-27. “Keeping in mind the uncertainties of COVID-19, we are continuously tracking and…
Rupees Hits Record Low Of 79.36 Against US Dollar
Indian currency, Rupee plunges by 41 paise to close at a fresh lifetime low of 79.36 against the US Dollar on Tuesday due to the greenback overseas and unrelenting foreign fund outflows. At the interbank forex market, the local unit started at 79.04 against the greenback and witnessed an intra-day high of 79.02 and a…
India Bans Single-use Plastic: Here Is The Product List And Other Details
Plastic Ban: Ministry of Environment, Forest and Climate Change on 28 June has notified that government will ban single-use plastic across the country from July 1. “India will ban manufacturing, import, stocking, distribution, sale and use of single-use plastic items, which have low utility and high littering potential, all across the country from July 1,…
Out Of 100 India’s Unicorns, Only 18 Have Yielded Profit
Google-backed neobank Open became the 100th unicorn of India with a $1 billion valuation. There are a total of 100 unicorns in India, including Mamaearth, EaseMyTrip, Ola, and Flipkart to name a few. But how many of these are profitable? According to the statistics from the media portal, only 18 unicorns have achieved profitability. Reports…
Revlon Is To File For Bankruptcy Amid Heavy Debt Load
New York-based Revlon, owned by billionaire Ron Perelman’s MacAndrews & Forbes, is preparing to file for Chapter 11 bankruptcy amid a heavy debt load, according to the people aware of this matter. However, the potential filing is not final yet and could change. Revlon’s shares plunged 53%, the biggest one-day drop on record, on Friday…
