NEW DELHI: Toothpastes and toilet soaps, traditionally focused on functionality, are now shifting their emphasis to ingredients, reflecting a broader consumer preference for natural and plant-based ingredients. FMCG players and research agencies point out that the trend is becoming more pronounced, with this spilling over into haircare and other personal care products. Recent product launches…
BENGALURU: Fraudsters are buying electric vehicles (EVs) on finance, selling the vehicle’s new battery, which is often more than 50% of the cost of the vehicle, by installing a used one, defaulting on payments, and surrendering the vehicle.This is seriously impacting the business of financiers, since the vehicle they receive is of considerably lower value…
BENGALURU: Freshworks founder Girish Mathrubootham recently sold shares in the software-as-a-service company worth nearly $40 million, according to US SEC filings.Mathrubootham sold 2.5 million shares in two tranches on Dec 18 and 19, reducing his stake in the company from approximately 5% to around 4%. Source link
MUMBAI: The IPO for Sri Lotus Developers & Real Estate is sure to be a star-studded affair. From super starts like Amitabh Bachchan and Shah Rukh Khan, to other big names like Ajay Devgn, Hrithik Roshan, Sara Ali Khan, Ektaa Kapoor, Tiger Shroff and Rajkumar Rao, all have recently bought small stakes in the company….
MUMBAI: Rohan Mirchandani, co-founder at yoghurt brand Epigamia, passed away on Dec 21 at the age of 42 due to a sudden cardiac arrest, the company said in a statement.Mirchandani, an alumni of The Wharton School and NYU Stern School of Business, set up Epigamia parent Drums Food International in 2013. He introduced the flavoured…
NEW DELHI: Japanese imaging and optical products major Canon believes that it has a good opportunity in India for its semiconductor lithography equipment required for chip fabrication, and it is in negotiations with companies setting up facilities here, said its India President and CEO Toshiaki Nomura.Though Canon did not disclose names, it said there are…
NEW DELHI: Fundraising via IPOs in India hit another landmark as economic growth, favourable market conditions and improvements in the regulatory framework helped companies raise a record Rs 1.6 lakh crore in 2024, while the pipeline for the next year holds out bigger promise. This exceptional year not only reflected the confidence of issuers but…
For nearly 250 years, the Encyclopaedia Britannica was a bookshelf-busting series of gilt-lettered tomes, often purchased to show that its owners cared about knowledge. It was the sort of physical media expected to die in the internet era, and indeed, the encyclopedia’s publisher announced that it was ending the print edition in 2012. Skeptics wondered…
WASHINGTON: Google said Friday what it thought should change to address a ruling that it had illegally maintained a monopoly over online search: not much.It follows the landmark ruling in Aug by judge Amit P Mehta of the US district court for the district of Columbia, who said Google had illegally maintained a monopoly in…
MUMBAI: Former finance minister Arun Jaitley had encouraged Raghuram Rajan to take decisive action on cleaning up bad loans of Indian banks, the former RBI governor said in a recent interview to a news portal and asserted that the build-up of non-performing assets (NPAs) in the banking sector, worsened by corruption, delayed clearances, and the…
