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Jubilant Foodworks Q1 Profit: Rs 58 Cr, Domino's Revenue Rises

TFW Bureau Aug 12, 2024 - 1 min read

Jubilant Foodworks, operator of Domino's Pizza and Dunkin' Donuts, reported a consolidated net profit of Rs 58.02 crore for the June quarter, driven by strong revenue growth. The company's international expansion through DP Eurasia NV contributed to the results. Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino's Pizza and Dunkin' Donuts, on Friday reported...

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Kinetic Green Raises US$25 Million from Greater Pacific Capital

Beny Sachdeva Aug 12, 2024 - 4 min read

Kinetic Green, a leading Indian manufacturer of Electric Vehicles (“EV”), announced that it has secured a US$25 million investment from Greater Pacific Capital (“GPC”), a leading global private equity firm, as part of an overall targeted Series A fundraise of up to US$40 million. Kinetic Green entered the EV sector in 2016, as a pioneering...

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Samsung Inaugurates Premium Experience Store in Vasant Kunj

TFW Bureau Aug 10, 2024 - 2 min read

Samsung, India’s leading consumer electronics company, has inaugurated its new premium experience store at Ambience Mall in New Delhi’s Vasant Kunj. The store will be a one-stop solution for consumer needs around sales and customer service.It will also offer captivating consumer experiences, which includes Samsung SmartThings– a connected device ecosystem and immersive gaming Spanning a...

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Gargi Jewellery by PN Gadgil plans to raise Rs 429.98 Mn for Expansion Plans

TFW Bureau Aug 09, 2024 - 1 min read

Gargi Jewellery by P N Gadgil and Sons has announced a plan to raise approximately Rs 429.98 million through a preferential issue of equity shares. This decision, disclosed in a Bombay Stock Exchange (BSE) filing, will see the issuance of 747,800 equity shares at Rs 575 per share, including a premium of Rs 565 per...

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CK Venkataraman inaugurates Tanishq's Grand New Store in Chandigarh

Beny Sachdeva Aug 09, 2024 - 2 min read

Tanishq, India's largest jewellery retail brand from the house of Tata, launched its grand new store in Sector-17C, Chandigarh. The brand new store was inaugurated by CK Venkataraman, Managing Director of Titan Company Ltd. Venkataraman, along with Vinod Kapoor,Tanishq’s multi-unit franchisee, initiated the opening with a traditional lamp lighting ceremony. The event continued with a...

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Jockey India Licensee Reports Higher Q1 Profit Driven by Strong Athleisure Demand

TFW Bureau Aug 08, 2024 - 1 min read

Page Industries which licenses Jockey and Speedo products in India, reported a rise in first-quarter profit on Thursday, buoyed by strong demand for athleisure products. The apparel maker reported a profit of 1.65 billion rupees (nearly $20 million) for the quarter ended June 30, compared with 1.58 billion rupees a year ago. The company previously...

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Bata aims to open 13 new ‘Power’ stores by December end

TFW Bureau Aug 08, 2024 - 2 min read

Leading shoemaker Bata would open 13 more stores of its athleisure brand ‘Power’, taking the total count to 15 by the end of 2024, says Managing Director and CEO Gunjan Shah. The company, which opened its second EBO (Exclusive Brand Outlet) in Delhi in the June quarter, has plans to add five more in the...

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ABFRL loss after tax widens to Rs 214.92 crore in Q1

TFW Bureau Aug 07, 2024 - 1 min read

The company had posted a consolidated net loss after tax of Rs 161.62 crore in the same quarter last fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Consolidated revenue from operations stood at Rs 3,427.82 crore in the first quarter as against Rs 3,196.06 crore in the year-ago period, the...

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Flipkart enters E-commerce race, ready to deliver in ‘Minutes’

TFW Bureau Aug 07, 2024 - 1 min read

E-commerce giant Flipkart has entered the quick-commerce race with a service called Minutes. The launch of this service pegs Flipkart in direct competition with firms such as Zepto, Swiggy’s Instamart, and Zomato’s Blinkit. Flipkart had been planning to enter the 10-minute delivery service space for the past few months and has finally done so as...

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Uncertainty Surrounds Future of 24Seven Stores: Will 7-Eleven Step In?

Beny Sachdeva Aug 07, 2024 - 2 min read

While there is no confirmed information yet about whether 7-Eleven, operated by Reliance Retail, will acquire the closed 24Seven stores owned by Godfrey Phillips India Ltd. However, there may be ongoing discussions. The future of the 24Seven chain remains uncertain. Established in 2005, 24Seven had nearly 145 stores operational until last week across...

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