AHMEDABAD: Adani Family, the promoters of Ambuja Cements Limited, on Wednesday announced that it will infuse an additional Rs 8,339 crore into Ambuja Cements Limited, by fully subscribing to the warrants programme in the company. This will take the promoter’s total infusion of Adani Family to Rs 20,000 crore into Ambuja Cements, the cement and…
NEW DELHI: The Asian Development Bank raised India’s growth forecast for the current year to 7 per cent, from 6.7 per cent earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2 per cent. It also estimated inflation to stay around 4.6 per cent in 2024.ADB had…
Fixed Deposit Interest Rates: Fixed deposits (FDs) offer a secure avenue for investment, particularly favored by risk-averse individuals and senior citizens. Recently, several top banks have raised their FD interest rates, with some offering up to 8.1% on 1-3 year tenures, making them an attractive option for those seeking stable returns.What is a Fixed deposit?You…
Mid-market consumer and healthcare-focused fund Lighthouse Funds, has invested Rs 229 crore in luggage maker Safari Industries through its recent fund Lighthouse India Fund IV AIF. Safari marks the second investment by Lighthouse from its newly raised fourth private equity fund. Sachin Bhartiya, co-founder and partner at Lighthouse Funds said: “The Indian luggage market is…
Representative image Legacy footwear brand Inc.5 Shoes raised its maiden venture funding of $10 million (about Rs 83 crore) in a round led by Mumbai-based venture firm Carpediem Capital, with participation from Param Capital and P3 Venture Fund. It did not disclose the valuation at which it raised the funds. The Mumbai-headquartered firm, which sells…
Adrian Bosshard, Global CEO Rado New Delhi: India has emerged as the second largest market for Swiss luxury watch brand Rado, said Adrian Bosshard, Global CEO, Rado in a chat with ETRetail. He stated that China, India, UAE, US, and Switzerland are the top-performing markets for Rado. Commenting on Rado’s growth in India, Bosshard said…
New Delhi: Malabar Gold and Diamonds, on Thursday said that it will invest Rs 1,000 crore and generate 4,000 jobs in Maharashtra by FY25. The announcement came during the launch of Malabar National Hub (M-NH), its centralised base of India operations, at Andheri East in Mumbai. Spread over 50,000 sq. ft., M-NH brings under one…
