New Delhi: High Street Essentials (HSE), the parent company of women’s fashion brands Indya and FabAlley, has raised Rs 50 crore in equity and debt infusion in a funding round led by Sangita Jindal, Chairperson of JSW Foundation, it announced in a media release on Monday. The round also saw participation from family offices of…
CHENNAI: Mahindra & Mahindra has announced a capex of Rs 37,000 crore to be spent over the next three years – from FY25 to FY27. The company plans to spend Rs 14,000 crore on petrol and diesel vehicles while another Rs 12,000 crore has been lined up for the group’s EV business. The group’s farm…
NEW DELHI: Prime Minister Narendra Modi on Tuesday declared total assets of Rs 3.02 crore in his nomination papers, which he filed from the Varanasi Lok Sabha seat.According to the poll papers, PM Modi does not own a house or a car and has Rs 52,920 cash in hand. Additionally, he has 2.85 crore as…
Wildcraft, a homegrown adventure and outdoor products brand has invested Rs 80 crore to open a warehouse at Sira, Karnataka spreading across a 3.5 lakh sq.ft area, Gaurav Dublish, co-founder, Wildcraft. Over the next 18-36 months, the brand plans to further invest Rs 40 crore in expanding its production capacity next to this warehouse unit….
New Delhi: Global lifestyle brand Swiss Military, on Friday, said it will set up its first fully owned manufacturing unit in Faridabad, Haryana with an initial investment of Rs 56.5 crore within 8 months by 31st Dec 2024, the company said in a media statement. Spread over 1.21 acres and a built-up area of about…
New Delhi: India‘s gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand. India’s gold demand…
NEW DELHI: Government is looking at rolling out a fresh multi-billion-dollar incentive package for semiconductor companies after nearly exhausting the Rs 76,000-crore plan that was launched in Dec 2021 for supporting investing companies, top sources told TOI.Preliminary work on the new package, which is “in all likelihood be much bigger than the previous one”, has…
NEW DELHI: India is headed to bag investments for the country’s first display fab semiconductor unit – used for making televisions and other digital screens – with Japanese Sharp approaching the Central govt for setting up a 1,000-acres facility that will be used to cater not just to the domestic demand but also exports.Top officials…
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said. To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of…
NEW DELHI: In a sudden and unexpected move, maverick American billionaire Elon Musk canceled his India visit just days before his arrival where he was scheduled to meet Prime Minister Narendra Modi and announce investments worth billions of dollars around a greenfield electric car project for Tesla, apart from satcom venture Starlink.Musk, who had just…
