Business

Myntra releases new ad film featuring Virat Kohli
14 Apr

Myntra releases new ad film featuring Virat Kohli

Priyanka Bhowmick0 CommentsBusiness, India,
Myntra recently added cricketer Virat Kohli to its list of brand ambassadors. The brand has launched the "Be Extraordinary Every Day" campaign featuring cricketers. In the 30-second ad film created for digital, TV and social platforms, Kohli is seen in a unique and never-before-seen avatar by the audience. He is waiting for his friend in a cinema hall, only to be amazed at her friend's improved stylish look, which makes the latter look like a star, realizing through branded fashion from Myntra.Talking about the announcement, Sundar Balasubramanian, CMO – Myntra said, "We are extremely happy to welcome Virat as our…
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Radisson Hotel Group announces entry of luxury lifestyle brand in India
13 Apr

Radisson Hotel Group announces entry of luxury lifestyle brand in India

Priyanka Bhowmick0 CommentsBusiness, India,
Radisson Hotels Group on Wednesday announced its entry into India by signing its luxury lifestyle brand "Radisson Collection" at its first hotel in Hyderabad. The company says the 300-room hotel is close to the city's financial district, which houses business centers, IT parks and special economic zones (SEZ). The hotel will be operational by the second quarter of 2026. Launched worldwide in 2018, Radisson Collection is currently operating and developing more than 50 hotels across the UK, Germany, Italy, Spain and Türkiye.Ellie Younes, Executive Vice President and Global Chief Development Officer, Radisson Hotels Group, said, "India is one of our…
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Rekha Jhunjhunwala earned Rs 692 Crore from a Tata group stock
11 Apr

Rekha Jhunjhunwala earned Rs 692 Crore from a Tata group stock

Priyanka Bhowmick0 CommentsBusiness, India,
Rekha Jhunjhunwala, India's third richest woman, and wife of the late Rakesh Jhunjhunwala, is nothing short of an inspiration for women investors in our country. His portfolio is often followed closely by retail investors in an attempt to emulate or come close to his success as an investor. This one is a legit example of an Indian woman who earns crores through her portfolio, last month, a company in Rekha Jhunjhunwala's portfolio earned Rs 692 crore.  Titan Company shares have gained ₹150.90 or 6.30% in the last month. In this LIC-backed Tata Group company, Rekha Jhunjhunwala owns 5.17% shares or…
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BoB’s loans grew faster than overall banking system in FY23
11 Apr

BoB’s loans grew faster than overall banking system in FY23

Priyanka Bhowmick0 CommentsBusiness,
Public sector lender Bank of Baroda's (BoB) progress in FY23 grew by 19 percent on a year-on-year (YoY) basis, higher than the nearly 15 percent growth in the banking system for the financial year. In absolute terms, advances rose to Rs 9.73 trillion by the end of 2023 from Rs 8.18 trillion at the end of March 2022, according to a BSE filing. BoB deposits rose 15.1 percent YoY to Rs 12.04 trillion at the end of March 2023. This pace was higher than the 9.6 percent annual growth in banking system deposits Sequentially they rose 4.7 percent to Rs…
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Amul’s plans to sell milk in Bengaluru sets off storm
08 Apr

Amul’s plans to sell milk in Bengaluru sets off storm

Priyanka Bhowmick0 CommentsBusiness, India,
Amul's announcement to enter the Bengaluru market with milk and curd has raised the political temperature in Karnataka, with the opposition Congress accusing the ruling BJP of hatching a conspiracy to kill the state's formidable dairy brand Nandini. Leader of the Opposition Siddaramaiah, who was the Congress chief minister from 2013 to 2018, said the Gujarat-based dairy brand had earlier attempted to enter the state but was thwarted by his government. He tweeted, “but now @BJP4Karnataka is welcoming them with open arms,”. Siddaramaiah tweeted, "..they are now determined to destroy Nandini KMF - the brand built by our farmers." Netizens…
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John Player unveils its new brand identity with Sidharth Malhotra
07 Apr

John Player unveils its new brand identity with Sidharth Malhotra

Priyanka Bhowmick0 CommentsEntertainment, India,
John Players, the fashion apparel brand for men, recently unveiled Siddharth Malhotra as its new face today. The announcement was made alongside the launch of the new Spring Summer ’23 collection. The brand has recently re-launched itself in a new avatar with the brand expression 'Play it Real' which stands shoulder to shoulder with a new generation of youngsters to carve their place in the world. Business Head, Nitin Sehgal said, “The brand has found its perfect spokesperson and ambassador in Siddharth Malhotra who is a style icon and riding on the success of his recent hits. We see him…
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L’Oréal buys Aesop for $2.5 billion
06 Apr

L’Oréal buys Aesop for $2.5 billion

Priyanka Bhowmick0 CommentsBusiness, India,
French cosmetics group L'Oréal has entered into an agreement with Brazil's Natura & Co to buy the Australian luxury brand at an enterprise price of $2.53 billion, both companies said on Monday. According to a statement, the Aesop brand will have sales of $537 million in 2022. "Aesop taps into all of today's booming currents and L'Oreal will contribute to unlocking its huge growth potential, particularly in China and travel retail," L'Oreal CEO Nicolas Hieronymus said in the statement. The L'Oréal Luxe division, which includes L'Oreal, was the group's top performer for the second consecutive year in 2022, with sales…
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Odisha receives Rs 26,000 crore investment intent in Tokyo meet
06 Apr

Odisha receives Rs 26,000 crore investment intent in Tokyo meet

Priyanka Bhowmick0 CommentsBusiness, India,
The Odisha government received an investment target of Rs 26,000 crore during the Odisha business meet held in Tokyo on Wednesday. Chief Minister Naveen Patnaik has tied up with some leading Japanese investors across the sector to attract foreign investment. The intentions were received from sectors such as logistics, metal accessories, steel, metal downstream, green hydrogen and green ammonia, green energy equipment manufacturing, IT and IT-enabled services, an official statement said. Details of the company, which has expressed interest in investing in Odisha, were not shared. Addressing over 200 investors in Japan, Patnaik said Odisha is one of the fastest-growing…
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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 CommentsIndia,
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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India and Japan sign fourth phase loan for bullet train project
21 Mar

India and Japan sign fourth phase loan for bullet train project

Priyanka Bhowmick0 CommentsBusiness, India,
India and Japan on Monday signed two documents in Japan renewing the memorandum of cooperation and exchange of notes on the 300 billion Japan International Cooperation Agency (JICA) loan for the Mumbai-Ahmedabad bullet train. At a special briefing by Foreign Secretary Vinay Kwatra on Japanese Prime Minister Fumio Kishida's visit to India, he said, "Two documents were signed on the side- the renewal of the MOC (Memorandum of Cooperation) in Japanese, mainly focusing on higher. level language education and the second agreement was the Mumbai-Ahmedabad high - 300 billion note exchange of JICA loan for the speed railway project.” Before…
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