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Reliance forms JV with Mothercare

TFW Bureau Oct 18 2024 - 2 min read

India’s leading retailer Reliance Retail Ventures Ltd announced the formation of a joint venture with Mothercare plc, a global specialist in products for parents and young children. Reliance Brands Holding UK Limited (RBL UK), a wholly-owned subsidiary of Reliance Brands Limited, will form the JV that will own the Mothercare brand and its intellectual ...

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Wyndham all set to launch their budget hotel brand Microtel in India

TFW Bureau Oct 18 2024 - 1 min read

Wyndham Hotels and Resorts will soon introduce its budget hotel brand Microtel in the country. Aiming to deepen its presence in India, the world’s largest hotel chain by number of properties has signed an exclusive development agreement with Nile Hospitality LLP and plans to open 40 properties by 2031. “The agreement underscores the company’s commitment to expanding in ...

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Nestle India Q2 result: Profit marginally down to Rs 899.49 cr from Rs 908.08 crore in July-September period a year ago

TFW Bureau Oct 18 2024 - 3 min read

FMCG major Nestle India Ltd on Thursday reported a marginal decline of 0.94% in its net profit at Rs 899.49 crore for the second quarter that ended September 2024 as some of its key brands faced softer consumer demand and high commodity prices. The company had posted a net profit of ...

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Bikaji Foods to acquire 53% stake in The Hazelnut Factory

TFW Bureau Oct 17 2024 - 1 min read

Bikaji Foods International Ltd recently announced that it will acquire a 53.02% stake in Hazelnut Factory Food Products Pvt Ltd for Rs 131.01 crore to mark its foray into the quick service restaurant segment. Bikaji Foods Retail Ltd (BFRL), a wholly owned subsidiary, will make a strategic investment of Rs 131.01 crore for an acquisition ...

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Revenue growth of organized luggage industry expected to decline by 8–10% in FY25: report

TFW Bureau Oct 17 2024 - 3 min read

Revenue growth of the organised luggage industry is likely to decline 8-10 per cent year-on-year this fiscal, driven by a high base as industry size almost doubled between 2021-22 and 2023-24, says a report. Demand is expected to remain stable, backed by continued penetration of hard luggage, steady tourism and corporate travel, it added. ...

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Cellecor Gadgets Limited Reports Highest-Ever Half-Yearly Sales of INR 425 Crores in H1 FY25

TFW Bureau Oct 16 2024 - 2 min read

Cellecor Gadgets Limited has reported a strong growth in the first half of FY25, showcasing strong financial performance. The company reported a total revenue of INR 425.71 crore, marking a 103.05% increase compared to H1 FY24. EBITDA surged by 98.67%, reaching INR 25.31 crore, while PAT grew by 108.26%, totaling INR 14.62 crore. When compared to ...

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