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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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