Lufthansa, one of the major European airlines, is all set to expand its operations in India by launching flights from Munich to Bangalore and from Frankfurt to Hyderabad later this year. The Indian market is of significant importance to the Lufthansa Group, according to Harry Hohmeister, Member of the Executive Board Global Markets & Network. During a briefing on Thursday,…
Surat, India, Shree Radhe Dairy, located in Surat, Gujarat has achieved a turnover of Rs. 100 crores for the fiscal year ended 31st March 2023 and is expected to touch the Rs. 1000 crores mark by 2026. This impressive achievement is the result of dedication and years of hard-work. The Company is focused on providing chemical & preservatives-free, high-quality and…
Mankind Pharma, a pharmaceutical company, has received a 14% subscription for its initial public offering (IPO) on the first day of sale. The National Stock Exchange (NSE) has reported bids for 40.57 lakh shares against 2.80 crore shares offered. Retail Individual Investors (RIIs) subscribed to 10% of the category and non-institutional investors subscribed to 33%. The Qualified Institutional Buyers (QIBs)…
Last week, Priya Kapur – Founder and CEO of The Glocal Trunk unveiled – TGT 2.0 The new #TheGlocalTrunk logo, along with a more updated user friendly website and app are available both on iOS and android. Articulating this to have been a labour of love for her immensely creative team and herself, Priya elaborated why they launched a new…
Vedanta Resources, the India-based natural resources company, has announced that it has paid off all its maturing loans and bonds due in April and reduced its gross debt by $1bn to $6.8bn from $7.8bn in March. The company’s founder and chairman, Anil Agarwal, had announced plans in February 2022 to reduce debt by $4bn within three years, and this latest…
The banking crisis and subsequent collapse of Silicon Valley Bank presents a compelling case study that deserves analysis. Antonio Velardo tells us how SVB, one of the main lenders of venture capital funds and emerging technology companies, sank. The problem of diversification The bankruptcy of Silicon Valley Bank was partly due to the lack of diversification of its investments. Much…
The Indian Rupee gained a modest one paisa against the US Dollar in early trade on Friday, trading at 82.16. This uptick can be attributed to a combination of factors, including the weakening of the greenback against major currencies and a positive sentiment in the domestic equities market. The downward movement of crude oil prices further supported the local unit.…
Manish Saini, an eminent name in the steel business is altering the course of the enterprise in creative ways than ever done before. His approach to Manufacturing TMT bars in an ethical environment has received accolades from people of all strata’s alike. His Vision to create quality products and yet make them viable at the same time has ensured that…
Bengaluru (Karnataka) [India], April 18: Hutech Solutions, a team of technology experts specializing in digital product development, announced today that Hemanth Kumar Narayanan has joined as its Chief Technology Officer. Hemanth will be responsible for leading Hutech’s technology vision and product innovation strategy. “Hemanth is a tremendous addition to our team. With his extensive experience and expertise, we are confident…
On Wednesday, entertainment over-the-top (OTT) player Netflix declared that it has reduced subscription rates in 116 countries, following the success of its business model in India. The company launched a low-priced subscription plan in India in 2021, and it has witnessed a 30% growth in customer engagement and 24% revenue growth year-on-year in India since then. The company decreased subscription…