MUMBAI: Flipkart has acquired a majority stake in digital infotainment platform Pinkvilla to tap into a wider set of Gen Z consumers who are influencing consumption patterns and shopping baskets of households. The company did not disclose the deal specifics but said it will leverage Pinkvilla’s reach to expand content footprint and enhance engagement with…
MUMBAI: Reliance Consumer Products (RCPL) bought a majority stake in a joint venture with Naturedge Beverages, marking its foray into the healthy functional beverages space. Naturedge Beverages is from the house of the 108year-old Baidyanath Group, which has a legacy of making Ayurvedic products.The acquisition comes at a time when there is a shift among…
NEW DELHI: The Delhi government on Thursday told the Supreme Court that it has to intervene to check the menace of stray dogs in the country as the three-judge SC bench commenced hearing in a matter related to stray dogs in the Delhi-National Capital Region. Solicitor general Tushar Mehta said that it is contest between…
NEW DELHI: In a move that may spare majority of the coal- and lignite-based thermal power plants (TPPs) in the country from installing anti-pollution flue gas desulphurisation (FGD) systems, the environment ministry has issued a revised notification regarding Sulphur Dioxide (SO₂) emission standards for such plants and introduced a new compliance framework based on categories…
ICICI Bank has approved plans to raise its stake in ICICI Prudential Asset Management Company by up to 2 per cent, as part of efforts to retain majority control ahead of a potential dilution due to stock-based compensation at the fund house.In a regulatory filing on Friday, the bank said its board has cleared the…
A majority of states have recommended that the Centre increase their share in tax revenue distribution to 50 per cent, Arvind Panagariya, Chairman of the 16th Finance Commission, said on Wednesday.Currently, states receive 41 per cent of the divisible tax pool, while the remaining 59 per cent is retained by the Centre. Addressing a press…
All seven Nationalist Congress Party (NCP) MLAs in Nagaland joined the ruling Nationalist Democratic Progressive Party (NDPP), giving the Chief Minister Neiphiu Rio-led party an absolute majority in the 60-member assembly.With this merger, the NDPP’s tally increased from 25 to 32. NCP emerged as the third-largest party in the 2023 assembly elections, after the NDPP…
Portugal’s centre-right Democratic Alliance (AD) won the Sunday’s snap parliamentary election but once again fell short of securing an outright majority. The result means the country will likely continue to face political uncertainty, as no single party commands enough support to govern alone. The centre-left Socialist Party and the far-right Chega party were locked in…
A US federal judge in Georgia has ordered the temporary restoration of SEVIS (Student and Exchange Visitor Information System) records for 133 international students. These students, mostly from India, sued after the cancellation of their visas and termination of SEVIS records by the US Department of State (DOS) and Immigration and Customs Enforcement (ICE). Government…
Ahmedabad-based Torrent Group announced on Monday the successful acquisition of a 67% controlling stake in the Indian Premier League (IPL) franchise Gujarat Titans. The majority stake was purchased from Irelia Company Pte Ltd, a private equity fund managed by CVC Capital Partners, which previously held full ownership of Gujarat Titans through Irelia Sports India Pvt…