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Reliance Brands in talks to buy Genesis Luxury

According to industry experts the acquisition is in line of the company's objective of achieving strong foothold in the booming luxury market.

June 18, 2018  |  comments ( 0 )  | 

ED attaches Rs 177 crore assets in Rotomac case

As per the bank, conspirators had cheated a consortium of banks to the tune of Rs 3,695 crore, including the interest component. The principal amount involved is Rs 2,919

May 30, 2018  |  comments ( 0 )  | 

Online Grocery Startup Milkbasket Raise $7 Mn Series A Round

In previous raises, the company had raised $3 million in a pre-series A funding from Unilever ventures and others in January 2018.

May 22, 2018  |  comments ( 0 )  | 

Paytm Targets Rs 60,000 Cr From Interbank Transactions

Paytm, which already facilitates the funds transfer between their mobile wallets, opened up bank transfers using UPI (Unified Payments Interface) and IMPS (Immediate

May 14, 2018  |  comments ( 0 )  | 

Flipkart Won't Change Into Walkart: Doug McMillon

This time around, Walmart's choice in India is starkly different. While Flipkart has absorbed billions of dollars of investor money to rapidly grow its business, its main

May 10, 2018  |  comments ( 0 )  | 

Deal Among Best Decisions By Flipkart: Walmart CEOWalmart CEO Calls deal the best decisions by Flipkart

Walmart's investment includes $2 billion of new equity funding that would help Flipkart to accelerate its growth pace amid stiff competition from Amazon, which is also

May 10, 2018  |  comments ( 0 )  | 

Trent posts Q4 net profit at Rs 11.66 cr

The company had posted a net profit of Rs 25.26 crore for the corresponding quarter of the previous fiscal, Trent Ltd said in a filing to the BSE.

May 04, 2018  |  comments ( 0 )  | 

Ist ShopClues' Offline Store To Open In Lucknow Next Month

The company received funding of about $10 million from some existing investors recently. Ghai confirmed that $10 million was the ballpark figure and declined to specify

April 27, 2018  |  comments ( 0 )  | 

Aditya Birla Group plans to sell 15-20% Stake in Idea Payments Bank

The payments bank, in which group companies Idea Cellular and Aditya Birla Nuvo own 51% and 49%, respectively, will use the money to expand it’s Aoperations.

April 20, 2018  |  comments ( 0 )  | 

Paytm To Extend Arms To Wealth Management Sector

Paytm Money, which will be going live as a separate application on the app store, will start with 12 AMCs and eventually bring in more than 25 after the formal launch.

April 13, 2018  |  comments ( 0 )  | 

1 India Family Mart launches 50th flagship store in Ranchi

The brand-new store will be a one-stop-shop for affordable fresh fashion apparels and general merchandise.

April 09, 2018  |  comments ( 0 )  | 

MakeMyTrip Likely To Acquire Stakes In Oyo, to delist rivals Treebo, Fabhotels

MakeMyTrip’s decision to bet on OYO Rooms is the latest in a series of moves aimed at cementing its partnership with the SoftBank-backed company.

April 07, 2018  |  comments ( 0 )  | 

Walmart May Acquire Flipkart Stakes For $10-12 Bn

Walmart is looking to shell out about $10 billion to $12 billion for the stake that would value Flipkart at roughly $20 billion,

April 07, 2018  |  comments ( 0 )  | 

SoftBank, Tiger back Grofers with Rs 400 crore in new funding

With this new Series E round, Grofers will continue to invest in building private labels and supply chain improvements.

March 16, 2018  |  comments ( 0 )  | 

Actis Leads $82 mn Investment In Sequoia-backed Pine Labs

Pine Labs has developed a cloud-based payments platform, which allows merchants to accept traditional electronic payment methods such as credit or debit cards, e-wallets,

March 13, 2018  |  comments ( 0 )  |