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TFW Bureau Apr 24 2024 - 1 min readFintech firm PayU has received an in-principle approval from the Reserve Bank to operate as a payment aggregator, the company said on Wednesday. In January 2023, RBI had returned applications of Prosus Group firm PayU and asked it to resubmit them within 120 days. With in-principle approval in place, PayU can now onboard new ...
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TFW Bureau Apr 23 2024 - 1 min readLiberty is one of the world’s leading manufacturers of leather footwear and has a presence in more than 25 countries across the globe. Within India itself, Liberty has a footprint in 122 cities via 165 company-owned units and 250 franchise units. And now the brand aims to add 50 outlets year on year ...
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TFW Bureau Apr 23 2024 - 1 min readReliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, on Monday reported a 17.8 per cent increase in its annual revenue at Rs 3.06 lakh crore in FY24. In the fourth quarter ended March this year, Reliance Retail's consolidated gross revenue stood at Rs 76,627 crore, up 10.62 per cent ...
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TFW Bureau Apr 23 2024 - 1 min readRavi Jaipuria’s RJ Corp Succession Plan: Ravi Jaipuria said that his son Varun Jaipuria will oversee the food and beverages division whereas Devyani Jaipuria would head the health and education sectors. Ravi Jaipuria has announced a formal strategic succession plan for the $3-billion RJ Corp, owner of Varun Beverages, and Devyani International (DIL). Per the ...
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TFW Bureau Apr 22 2024 - 2 min readLevi’s, a renowned denim and lifestyle brand, inaugurated its newest store at Nexus Mall in Bengaluru, marking its largest mall store in India to date. Situated in the culturally vibrant locale of Koramangala, the store aims to elevate the brand experience for denim enthusiasts across Bengaluru. As Levi’s continues its expansion and direct-to-consumer focus in India, ...
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TFW Bureau Apr 22 2024 - 1 min readShares of Aditya Birla Fashion and Retail (ABFRL) gained nearly a percent at the open on the NSE on April 22 after the company's board approved the demerger of Madura Fashion and Lifestyle Business (MFL) from Aditya Birla Lifestyle Brands. In a report, ABFRL said the board approved the demerger of Madura Fashion & Lifestyle business into ...
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