Nykaa Concluded Acquisition of 100% Iluminar Media Equity Shares
One of the most prominent beauty eCommerce platforms ━ Nykaa ━ has concluded the complete acquisition of Iliminar Media, the parent company of the digital content platform Little Black Book (LBB). The company has made this deal all in cash, but there is no clarity on the financial contours of the deal yet. On the…
John David
Britain’s Longest-serving Monarch, Queen Elizabeth II, Passed Away At 96
Queen Elizabeth II, whose reign saw Britain transition from the age of steam to the age of smartphones and who oversaw the fairly peaceful disintegration of a once-global empire, has died. She was 96 years old. As per a statement released from Buckingham Palace, she took her last breath at her Balmoral, Scotland-based mansion on…
Shipra Prajapati
The Crypto Market Set To Regain $3 Trillion Market Cap
The crypto market, led by BTC, Ethereum, BNB Coin, and several other altcoins, reached $3 trillion in November 2021, when 1 Bitcoin reached an all-time high of about $70ooo. There were also a lot of concerns about Foreign Direct Investment in the cryptocurrency market at the time. Following that, Bitcoin began to normalise to price…
Yash Sharma
Reliance Industries Is All Set To Acquire California-Based SenseHawk
Oil to telecom amalgamation Reliance Industries has final agreements with California-based software development company SenseHawk to acquire a 79.4% stake in the company. As per RIL’s official statement, the acquisition has a valuation of $32 million and will happen through primary infusion and secondary purchase. Established in 2018, SenseHawk is a California-based company that develops…
Reliance Retail Will Launch FMCG Business This Year, Isha Ambani
After entering the 5G spectrum, footwear, clothing, etc., Reliance Retail has now found its place in the fast-moving consumer goods (FMCG) industry; the conglomerate is now reportedly in talks to acquire a batch of brands. According to the reports, Reliance Retails on Monday announced the acquisition of brands like Garden Namkeens from CavinKare, Lohri Zeera,…
India Becomes World’s 5th Largest Economy- Beats The UK
India has left behind the United Kingdom to become the world’s 5th largest economy. As per IMF projections, India is now following only the United States, China, Japan, and Germany in terms of economy. A decade ago, India was ranked 11th position among the largest economies, while the United Kingdom ranked on fifth place. With…
Indian-Origin Laxman Narasimhan Will Join Starbucks As New CEO
Starbucks named India-born Laxman Narasimhan its next CEO. The world’s biggest coffee chain has elected an executive who is acknowledged to revive ‘Lysol,’ the disinfectants maker company. As a Chief Executive Officer, Mr Narasimhan has served Reckitt, the company that manufactures Durex condoms, Mucinex cough syrup, and Enfamil baby formula. FTSE-listed Reckitt shares dropped by…
Abdullah Ansari
World Economy Is Battered, India’s Q1 GDP Numbers Are Out
Europe’s economy is encountering severe inflation due to the Russian-Ukraine war and endangering energy shortage, and now all eyes are on India, as its Quarter 1 GDP growth is 13.5%. 2022 was expected to be the year of bouncing back after two tough phases of the pandemic, but the economies worldwide are not completely recovered…
Piyush Goyal Will Head The Board Of Trade Meeting Next Month
Union Commerce and Industry Minister Piyush Goyal will chair a Board Of Trade meeting in the forthcoming month to find out how to raise India’s exports, an authorised person said. The respected board is an advisory body formed to look after the foreign trade policy of India. The Board meeting will be headed by Piyush…
Gautam Adani Now The World’s Third Richest Person
Gautam Adani, Asia’s richest person, has become the world’s third richest man. With a whopping $ 137.4 billion fortune, Gautam Adani has taken over France’s businessman Bernard Arnault and now trails Elon Musk and Jeff Bezos of the US in the ranking. It is the first time an Asian has broken into the top three…
