Nestle SA, the world’s biggest food group, is among final bidders competing to acquire ‘Ching’s Secret’ owner Capital Foods Pvt as it seeks to boost its presence in a fast-growing…
Category: Companies
IPL 2023: JioCinema’s free streaming could spell doom for OTT market, say analysts
IPL 2023 is on us. This is the first time that the coveted cricket league would be streamed on Viacom18’s OTT platform JioCinema, which had acquired the digital rights of…
MoD signs 10 contracts worth Rs 5,498 cr with Bharat Electronics for armed forces
Ministry of Defence (MoD) has signed ten contracts worth Rs 5,498 crore with Bharat Electronics Ltd (BEL), said the firm in a stock exchange filing on Thursday. Here are the…
Minor fire at Adani Group’s under-construction data center in Noida
A minor fire took place at an under-construction Adani Group data center in Noida during welding work at the site. The fire broke out at the building located in Noida…
The Souled Store raises Rs 135 crore; plans to expand product offerings, open 100 stores
Lifestyle brand The Souled Store has raised Rs 135 crore from Xponentia Capital and with participation from current shareholders including Elevation Capital and RPSG Capital that have increased their shareholding…
EazyDiner raises Rs 40 crore from DMI Sparkle Fund in fresh funding round
Restaurant table reservation, food discovery and payment platform, EazyDiner has raised Rs 40 crore in a fresh funding round from DMI Sparkle Fund. The funding will help the company scale…
Alibaba to decide on control over new business units after IPOs
Alibaba Group’s breakup into separate companies will allow its business units to become more agile and eventually list on their own, the tech conglomerate’s chief executive Daniel Zhang said on…
How JioCinema is killing OTT’s existing business model
With an estimated 20-25 million paying subscribers of Disney+ Hotstar expected to migrate to Reliance Industries-backed JioCinema to watch the Indian Premier League (IPL) cricket tournament for free, the country’s…
Why 2023 can be a difficult year for Indian start-ups
Indian start-ups are bracing for lean times as the industry moves further into 2023. With investors now focussed on profitability while pinching their pennies, late-stage start-ups will experience more flat…
Decks cleared for Zee-Sony merger as ZEEL, IndusInd Bank settle dispute over dues
Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd said on Wednesday that they have settled a dispute over a loan default, paving the way for the media company’s mega merger…