Ahmedabad-headquartered soft drink concentrate brand Rasna’s ₹350-crore acquisition of Jumpin from Hershey India last year marks a strategic shift for the iconic “I love you Rasna” brand into the ₹20,000–25,000…
Category: Companies
Emami looks to grow Axiom Ayurveda’s topline to ₹500 crore in 3 years, enters into beverage sector
FMCG major Emami Limited, which is planning to complete the acquisition of Axiom Ayurveda within three months, is looking to grow the topline of the beverage company to around ₹500…
Who is Sharon Pais? Flipkart executive likely to take over as Myntra CEO after Nandita Sinha exits
Nandita Sinha, the chief executive officer (CEO) of Flipkart-owned Myntra, is set to step down from her role and move on from the company in the coming weeks after more…
OpenAI expands into media with TBPN acquisition — read Fidji Simo’s full message to the team
OpenAI on Thursday (local time) announced its acquisition of TBPN, an online tech talk show with a loyal Silicon Valley following that frequently hosts industry CEOs. Described as “one of…
Faith tech firms chase growth in $35 billion market with product push
Bengaluru: India’s growing faith-tech startups are moving beyond digital horoscopes and virtual rituals to claim the nation’s $35 billion market for spiritual merchandise. So, the firms that once focused solely…
The-US Iran war opens a rare sweet spot for India’s space startups
India’s young space startups find themselves in an unlikely Goldilocks zone, as the US-Iran war is driving a surge in demand for space-based surveillance data. Despite strategic sensitivities, stakeholders believe…
In a shifting world, this is India’s leadership moment, says McKinsey global chief
In a world repeatedly reshaped by shocks—from covid and the Russia-Ukraine conflict to trade wars and the latest energy disruption linked to the West Asia war—resilience is at a premium.…
Exodus, revenue strain cloud Birlasoft CEO’s Angan Guha’s turnaround plan
Half a dozen senior-level exits and the possibility of a second straight full-year revenue decline have put the spotlight on the efficacy of a turnaround at Birlasoft Ltd under its…
Ex-Centerview Banker Gets Deal to End US Insider-Trading Case
Federal prosecutors have reached a settlement to eventually drop criminal charges against a former Centerview Partners LLC investment banker who was accused of participating in an international insider-trading ring and…
Emami to acquire 100% stake in Axiom Ayurveda, maker of Alofrut flavoured drink: Here are the details
is set to acquire the remaining 73% stake in Axiom Ayurveda, the parent company of flavoured drink brand Alofrut, bringing its total ownership to 100%. The fast-moving consumer goods (FMCG)…