India

SpiceJet hives off cargo & logistics business into separate entity from April 1
03 Apr

SpiceJet hives off cargo & logistics business into separate entity from April 1

Priyanka Bhowmick0 CommentsBusiness,
Airline SpiceJet has spun off its cargo and logistics division, SpiceXpress, into a separate entity, paving the way for the company to raise funds independently. The hive-off is aimed at the airline's aim to grow its cargo business as well as provide a more streamlined and efficient service to customers. The separation took effect on April 1. The airline said the closure of hive would strengthen its balance sheet and erase a significant portion of its negative net worth and unlock significant value. The distress sale consideration will be exhausted by SpiceExpress through the issuance of securities including equity shares…
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Couple forced to open food stall after business collapses
01 Apr

Couple forced to open food stall after business collapses

Priyanka Bhowmick0 CommentsIndia
A food vlogger's video chronicling a couple's arduous journey selling rajma chawal has become the 'definition of reality' for several social media users. The clip begins with the vlogger revealing that he is selling rajma and kadi chawal in front of a small street stall in Faridabad. The person behind the camera starts asking the vendors about how their business going. The man, busy making an order, reveals that he had a printing press business before the lockdown. https://www.instagram.com/reel/CqIjDnaJDDB/?utm_source=ig_web_copy_link Unfortunately, his business going through huge losses during the Covid-19 pandemic. He was forced to close his business completely. After the…
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Swiggy co-founder Phani Kishan to take over as Instamart head
31 Mar

Swiggy co-founder Phani Kishan to take over as Instamart head

Priyanka Bhowmick0 CommentsBusiness, India,
Karthik Gurumurthy, head of popular e-commerce service Swiggy Instamart, will step down at the end of April, the top executive confirmed in a LinkedIn post on Friday. Gurumurthy plans to go on a vacation. "I have loved being a part of this journey but it has been a tough journey with a lot of compromises in physical and mental fitness. I am planning to take a break now to come back fresh and build something (0-1), which I have. Like…live and playback those memories in 2020 and 2021,” his LinkedIn post read. He added, "Today the business continues to grow,…
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JioCinema has roped on Sachin Tendulkar as their brand ambassador
27 Mar

JioCinema has roped on Sachin Tendulkar as their brand ambassador

Priyanka Bhowmick0 CommentsBusiness, India,
JioCinema has roped on cricketer Sachin Tendulkar as their brand ambassador. As per the company's information, Tendulkar will further strengthen JioCinema's efforts to make sports viewing synonymous with digital. Tendulkar started his new innings with JioCinema in a film where he urged fans to watch IPL only on JioCinema. In addition, the former Mumbai Indians player and captain will participate in several initiatives featuring on Sports18, JioCinema and various social media platforms, the company said.
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Air India welcomes its first airbus A321neo
27 Mar

Air India welcomes its first airbus A321neo

Priyanka Bhowmick0 CommentsBusiness, India,
Tata Group-owned Air India has received their first Airbus 321 Neo. The aircraft, registered by the name VT-RTD, took off from Germany's Hamburg for Indira Gandhi International Airport in New Delhi on Saturday. https://twitter.com/airindiain/status/1639914152025288704?s=20 "#FlyAI: We're thrilled to welcome our Airbus A321 Neo (VT-RTD). We look forward to welcoming you onboard!," Air India said on Twitter. For the first time, Air India has taken delivery of a single-aisle aircraft after its acquisition by the Tata Group
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Inquiry into Rs 10,000 crore tanker water business
25 Mar

Inquiry into Rs 10,000 crore tanker water business

Priyanka Bhowmick0 CommentsBusiness, India,
A major scam has come to light in Mumbai's tanker water supply business with operators allegedly stealing water worth Rs 10,000 crore. Minister Uday Samant assured the Legislative Assembly on Friday that an additional commissioner would be constituted by the Urban Development Department of the government to investigate irregularities in the tanker water supply. BJP MLA Adv Ashish Shelar informed the Assembly through a calling attention motion that a project aimed at ensuring 24x7 water supply in Mumbai was launched in two wards - Mulund and Bandra West. However, the project failed in both of these places. Rs 150 crore…
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Amazon Business Unveils Exciting Deals for MSMEs
25 Mar

Amazon Business Unveils Exciting Deals for MSMEs

Priyanka Bhowmick0 CommentsBusiness,
Amazon Business has launched the "Financial Year-end Sale" aimed at strengthening micro, small and medium enterprises (MSMEs) by delivering over 160 crore GST-enabled products to the top segments. The objective of this event is to enable B2B customers to complete all pending purchases, including great deals, before the end of the current financial year. Business customers can get up to 10% additional cashback across business-related categories like computers & accessories, electronic equipment, office products, office improvements, office kitchens, industrial & scientific etc. 25% cashback for first-time users in selected categories. Apart from this, customers will be able to enjoy business…
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Kalyan Jewellers ropes in Rashmika Mandanna as brand ambassador
24 Mar

Kalyan Jewellers ropes in Rashmika Mandanna as brand ambassador

Priyanka Bhowmick0 CommentsBusiness, India,
India's leading jewellery retailer, Kalyan Jewelers has announced the appointment of Rashmika Mandana as its brand ambassador for South, representing the lifestyle segment of Kalyan.The actress will be backing the brand in the South Indian market where she has a huge fan following due to her work in South Indian films. With this appointment, she joins the likes of Amitabh Bachchan, Katrina Kaif, Prabhu, Shivraj Kumar, Kalyani Priyadarshan, Nagarjuna, and other celebrities who were associated with Kalyan Jewellers, the company said. Commenting on the appointment, Ramesh Kalyanaraman, executive director of Kalyan Jewellers, said in a statement, “We are thrilled to…
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FM Nirmala Sitharaman is likely to meet CEOs of PSU banks on Saturday
23 Mar

FM Nirmala Sitharaman is likely to meet CEOs of PSU banks on Saturday

Priyanka Bhowmick0 CommentsBusiness, India,
Union Finance Minister Nirmala Sitharaman is scheduled to meet managing directors of public sector banks (PSBs) on March 25 to review performance in the backdrop of several bank failures in the US and Credit Suisse's liquidity crisis, according to news agency PTI. Sources said the meeting will review the progress of banks in achieving the targets of various government schemes including Kisan Credit Card (KCC), Stand-Up India, Pradhan Mantri Mudra Yojana (PMMY) and Emergency Credit Line Guarantee Scheme (ECLGS) to help businesses affected by Covid-19. Notably, this is the first full review meeting after the presentation of Budget 2023-24 and…
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Adani’s Wealth Down To 60 %, Lost Tag As Richest Indian
23 Mar

Adani’s Wealth Down To 60 %, Lost Tag As Richest Indian

Priyanka Bhowmick0 CommentsBusiness, India,
Reliance Industries (RIL) chairman and Asia's richest man Mukesh Ambani has become the only Indian among the world's top 10 billionaires, according to the Hurun Global Rich List released on Wednesday. Despite a 20 percent decline in wealth, the RIL boss ranked ninth globally with assets of $82 billion, according to a report compiled by research platform Hurun titled 'The 2023 M3M Hurun Global Rich List' titled 'The 2023 M3M Hurun Global Rich List'. The billionaire has also retained the title of Asia's richest man for the third time in a row. The RIL chief celebrated 20 years at the…
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