After months of negotiations, Tata group company Titan has bought out the residual 27.18% stake in its subsidiary CaratLane from the omnichannel jewellery brand’s founder Mithun Sacheti and his family members for Rs 4,621 crore in cash. The latest transaction will ascribe a valuation of Rs 17,000 crore to CaratLane. The deal ranks as the…
A new orange-gray theme colored Vande Bharat Express has hit the tracks at the Integral Coach Factory (ICF) in Chennai. The new train is the 31st Vande Bharat Express rake to be rolled out by ICF. A few weeks ago Railway Minister Ashwini Vaishnaw had visited the coach factory and images of him inspecting the…
Representative Image Aretto, the kids footwear brand announced successful completion of its seed funding round. The company secured $550K from a clutch of angel investors and advisors, which included renowned cricketer Hardik Pandya; Abhineet Singh(Co-founder of VegNonVeg and Founder Brewhouse), Shyam Raichura (MD of Aan Group), Raunak Munot (Ex-CMO of Bombay Shaving Company), investment banking…
Representative Image Gold and diamond major Malabar Gold & Diamonds has launched its first state-of-the-art jewellery manufacturing facility in West Bengal. The manufacturing unit built with an investment of Rs 150 crore. The facility was inaugurated by Shashi Panja, minister of state Industries, commerce & enterprises, child development and Women Development & Social Welfare. Malabar…
Representative Image V.I.P. Industries Limited, India’s largest luggage manufacturing on Friday released the resignation letter of Anindya Dutta who had resigned from his position as Managing Director citing personal reasons in its exchange filling. The luggage manufacturer has also said that Dutta’s resignation will come into effect from November 13, 2023. Resignation Letter (Credits- Company’s…
