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Meesho posts first-ever profitable quarter in FY24; loss dips to Rs 141 crore in first half

New Delhi: Softbank-backed Meesho on Friday said it became the first e-commerce unicorn to post consolidated profit after tax in the second quarter ended September 2023.The company did not disclose the amount of profit it earned in the July-September...

Chanel opens its first fragrance and beauty store in Mumbai

The new Chanel outlet is located at Phoenix Palladium mall, Lower Parel, Mumbai Bengaluru: French luxury fashion house Chanel has launched its first fragrance and beauty store in Mumbai, an industry official wrote on social media last week. Located at Phoenix...

From multiplex mogul to singer: Life comes full circle for PVR INOX chief Ajay Bijli

Bijli started with covers of the songs that he likes in English and Hindi during the COVID-19 pandemicNew Delhi: He had a college band and a love for music he says he left behind to handle the family business...

Voyage Eyewear appoints Sahil Sharma as director of marketing

Sharma will be responsible for driving the brand's marketing strategies and expanding its reach on a local and global scaleNew Delhi: Voyage Eyewear, a direct-to-consumer (D2C) brand offering luxury sunglasses, announced in a press release that it has appointed...

CBDT clarifies applicability of TDS liability for e-retailers on ONDC

As per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1 per cent TDS will have to be deducted from the gross sale amountNew Delhi: The income tax department on Thursday clarified the applicability of...

Ratan Tata to divest all shares in FirstCry IPO

Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel platform FirstCry, in the upcoming IPONew Delhi: Veteran industrialist and former Tata Group Chairman Ratan Tata is looking to sell all 77,900 shares...

Dermocosmetics startup SkinQ gets seed funding

The funds will be utilised towards new product launches, research and development, team expansion, and brand enhancementNew Delhi: Dermocosmetics startup SkinQ on Thursday said it has secured seed funding led by Inflection Point Ventures.The funds will be utilised towards...

Working with RBI, ministries to promote e-commerce exports: DGFT

Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that huge export opportunities are there in the e-commerce sectorNew Delhi: The commerce ministry's arm DGFT is working with the RBI and concerned ministries, including the finance ministry, on...

FirstCry’s parent Brainbees files papers to garner funds via IPO

The Pune-based company's proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 1,816 crore and an Offer For Sale (OFS) of up to 5.44 croreNew Delhi: Brainbees Solutions Ltd, which owns omnichannel baby and mother-care...

Dermocosmetics startup SkinQ raises Rs 3 crore in seed funding

The funding is led by Inflection Point Ventures in participation with Venture catalysts and Super Angels New Delhi: Dermocosmetics startup SkinQ has secured a seed investment of Rs 3 crore from Inflection Point Ventures in participation with Venture catalysts and...
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Raymond Lifestyle shares make market debut post demerger; hit lower circuit level

The stock got listed at Rs 3,000 on the BSE. Later, it climbed 3.33 per cent to Rs 3,100...
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