Mithun Sacheti, founder, Caratlane Mithun Sacheti founded online jewellery selling platform CaratLane in 2008 along with Srinivasa Gopalan. On Saturday, he scored one of the most successful exits by an Indian consumer internet entrepreneur when he sold his 27% stake to watchmaker Titan for Rs 4,621 crore. Sacheti, 44, first brought the Tata group company…
Representative Image Indore: With less than a fortnight left in Rakshabandhan that marks the start of the festival season, readymade garment industry of Indore eyes a double digit jump in business amid increase in orders for readymade garments from outstation markets of India. Indore is a hub for ready-made garment manufacturers with presence of more…
With multiple stakeholders in the family business, succession planning is not only important to pass on the group wealth to the next generation but also to avoid bitter disputes. Yet only 19% of Indian businesses have conflict resolution mechanisms in place, according to a family business survey by PricewaterhouseCoopers (PwC) India in 2023. Just 34%…
NEW DELHI: Expressing concerns regarding both organisational and security aspects, an official from the Hyderabad Cricket Association (HCA) has emphasised that hosting two World Cup matches within consecutive days is far from ideal. The official has expressed the hope that a one-day break between such matches can be arranged. This stance further signals a potential…
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…
Suspected militants tortured and killed three Kuki villagers early on Friday in Naga-dominated Ukhrul, shattering a two-week lull in Manipur since the last burst of bloodshed on August 5 and carrying the violent animosity of the ethnic strife raging for 100-odd days to a district so far untouched by it.Victims Thangkhokai Haokip (31), Jamkhogin Haokip…
