Skip to main content

Posts

Parag Milk raises Rs 161 cr from ex-RARE CEO Sheth, promoters

The FMCG company has raised the money through a preferential issue of 90 lakh convertible warrants which will translate into an equal number of paid-up equity shares on conversion Mumbai: Parag Milk Foods said it has raised Rs 161 crore fund from a clutch of investors, including promoter Shah family and Utpal Sheth, former chief executive officer of Rakesh Jhunjunwala’s RARE Enterprises. The fast moving consumer goods company has raised the money through a preferential issue of 90 lakh convertible warrants which will translate into an equal number of paid-up equity shares on conversion, according to a statement. The convertible warrants have been issued at a price of Rs 179.10 per share warrant, the statement said. Shares of Parag Milk closed 8.29 per cent higher at Rs 182.85 a piece on Thursday. Other allottees include the company’s chief strategy officer Ankit Jain (2 lakh warrants), Rajesh Kabra, Vishesh Dalal and Trishakti Power Holdings. The company is well-positioned to en...
Post a Comment
Read more
Recent posts

The D2C Dilemma: How 3PL challenges hurt CX, growth

As brands continue to expand their digital presence, logistical efficiency remains a top priority New Delhi:  In the fast-paced world of e-commerce, maintaining efficient and reliable logistics remains a critical challenge for brands striving to meet customer expectations, say representatives of different D2C brands. Several brands from diverse sectors – including perfumes, jewellery, bespoke fashion, and spiritual products – spoke to IndiaRetailing, expressing concerns over logistical inefficiencies threatening customer loyalty, revenue, and brand perception. Logistics failures impacting CX For brands that prioritise quality and trust, delays and mishandling by third-party logistics (3PL) providers can be catastrophic. The repercussions are often immediate and far-reaching, damaging customer relationships and reducing repeat purchases. Tarvinder Pal, Co-Founder & CEO, Nisara Perfumes , explains how delays from 3PL partners can disrupt their luxury experience. “A late deli...
Post a Comment
Read more

DLF Promenade set to open its doors in Goa soon

Strategically located in Panjim, it will be DLF’s first shopping centre in West India Bengaluru: DLF Malls, the retail arm of real estate giant DLF Ltd., is accelerating its expansion with the upcoming launch of DLF Promenade mall in Goa, according to a company official on social media.  Strategically located in Panjim, it will be DLF’s first shopping centre in West India. “DLF Malls is coming to Goa! We are thrilled to announce our first mall in the West of India —DLF Promenade, Goa. Set in one of India’s most vibrant and dynamic destinations, this landmark retail development will redefine shopping, dining, and entertainment in the region,” Rehan Huck, Vice President and Head of Leasing at DLF Malls, said in a LinkedIn post on Thursday. Covering more than 7 lakh sq. ft., the mall will feature over 300 Indian and international brands across various segments, including fashion, lifestyle, food and beverages, home décor, and consumer durables. “DLF has always been at the forefr...
Post a Comment
Read more

US President Trump announces 27% reciprocal tariff on India

The move is expected to impact India’s exports to the US, but experts believe India is better positioned than its competitors, who also face increased levies New Delhi: The US has announced 27 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods, as the Donald Trump administration aims to reduce the country’s trade deficit and boost manufacturing. The move is expected to impact India’s exports to the US. However, experts say that India is better-placed than its competitors who also face increased levies. President Trump, in a historic measure to counter higher duties on American products imposed globally, announced reciprocal tariffs on about 60 countries. “This is Liberation Day, a long-awaited moment. April 2, 2025 will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to make America wealthy again. We are going to make it wealthy, good, and wealthy,” Tru...
Post a Comment
Read more

Yuvraj Singh’s guilt free snacks brand Twiddles eyes global entry, Rs 1,000 cr by FY30

Twiddles is gearing up to expand its product portfolio, enter into offline retail, and foray into the MENA region within the next six months Bengaluru: Health-centric snacking brand Twiddles commenced its journey just over four months ago and has already secured a formidable foothold in India’s premium snacks market which is currently valued at approximately $5 billion . The Gurugram-based company was established in November 2024, co-founded by Indian cricketer Yuvraj Singh in collaboration with Alfinity Studios , a venture studio focused on celebrity collaborations. With just two variants of products, Twiddles has quickly carved out a niche, attracting over 20,000 customers. The digital-first company is now strategising channel expansion, strengthening its presence across both online and offline retail landscapes while also setting its sights on international markets within the next six months. In an exclusive conversation with IndiaRetailing, Rishi Dewan and Kumar Gaurav ...
Post a Comment
Read more

Swiggy receives Rs 158-cr tax demand

It relates to alleged contraventions including cancellation charges paid to merchants disallowed under Section 37 of the Income-tax Act 1961 and interest income on income tax refund not being offered to tax New Delhi: Food and grocery delivery platform Swiggy on Tuesday said it received an assessment order with an additional tax demand of over Rs 158 crore for the period between April 2021 and March 2022. The order has been issued by Deputy Commissioner of Income-tax, Central Circle 1 (1), Bengaluru. It relates to alleged contraventions including cancellation charges paid to merchants disallowed under Section 37 of the Income-tax Act 1961 and interest income on income tax refund not being offered to tax. “The Company has received an assessment order for the period April 2021 to March 2022 where an addition of Rs 158,25,80,987 (one hundred and fifty-eight crores twenty five lakhs, eighty thousand nine hundred and eighty seven, only) has been made,” Swiggy said in a regulatory filin...
Post a Comment
Read more

Dolby Cinema comes to India this year

Dolby has announced its first six exhibitors in India, including City Pride (Pune), Allu Cineplex (Hyderabad), LA Cinema (Trichy), AMB Cinemas (Bengaluru), EVM Cinemas (Kochi), and G Cineplex (Ulikkal) New Delhi: US-based tech firm Dolby Laboratories will launch its Dolby Cinema in India this year, bringing enhanced cinema going experience for the audiences here. It has announced the names of first six exhibitors that will open Dolby Cinema screens in India. These are — City Pride in Pune, Allu Cineplex in Hyderabad, LA Cinema in Trichy, AMB Cinemas in Bengaluru, EVM Cinemas in Kochi, and G Cineplex in Ulikkal. “Dolby Cinema is set to transform how Indian audiences experience movies, offering them the opportunity to see and hear stories exactly as the filmmakers intended. This milestone not only sets a new benchmark for premium cinema experiences in India but also reinforces Dolby’s commitment to elevating entertainment through innovation,” it said in a statement. Dolby Cinema com...
Post a Comment
Read more