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Mufti brand owner garners Rs 165 crore from anchor investors

The company has allotted 58.9 lakh equity shares to 11 funds at Rs 280 apiece, which is also the upper end of the price...

RBZ Jewellers IPO to open on Tuesday; sets price band at Rs 95-100 per share

The Ahmedabad-based B2B and retail jewellery firm would raise Rs 100 crore through the issue at the upper end of the price bandRBZ Jewellers...

Gen AI can add cumulative $1.2-1.5 trillion to India’s GDP by FY30: EY

The anticipated impact entails improvements in workforce productivity, increased operational efficiency, and personalised customer engagement, EY India saidNew Delhi: Generative artificial intelligence (Gen AI)...

Farmley raises Rs 56 crore in a funding round led by BC Jindal Group

Existing investors DSG Consumer Partners, Omnivore and Alkemi Partners also participated in the funding roundNew Delhi: Snacking brand Farmley has raised $6.7 million, about...

Meesho adds 25,000 non-GST sellers in 2 months

Earlier this year, Meesho implemented significant technological adaptations, paving the way for non-GST sellers to commence selling on the platform from October 1, 2023New...

13 states, UTs among ‘achievers’ in logistics performance index

The index is an indicator of the efficiency of logistical services necessary for promoting exports and economic growthNew Delhi: Andhra Pradesh, Karnataka, Tamil Nadu,...

India’s logistics cost ranges from 7.8 – 8.9% of GDP in FY22: NCAER estimates

The NCAER report establishes that the logistics costs in India are reducing, from 8.8% - 10% of GDP in 2012-13 to 7.8% - 8.9%...

DOMS Industries IPO receives 15.16 times subscription on day two of offer

The Rs 1,200 crore Initial Public Offer (IPO) received bids for 13,39,90,938 shares against 88,37,407 shares on offerNew Delhi: The initial share sale of...

udaan clinches $340 million financing

Existing equity investors Lightspeed Venture Partners and DST Global also participated in the roundNew Delhi: B2B e-commerce platform udaan on Thursday said it has...

Indian firms record 25% biz growth during Amazon’s BFCM 2023 shopping event

The business during these events was more than 80 per cent higher than on usual daysNew Delhi: Indian exporters on Amazon Global Selling recorded...

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Reliance Retail opens 30 Metro stores in Q1, total count crosses 200

Reliance Retail had acquired the Indian operations of German firm Metro AG's wholesale operations in December 2022 in a...