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TFW Bureau May 01, 2024 - 1 min readBrainbees Solutions, the parent firm of retailer FirstCry, has refiled its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi), days after the markets regulator told the firm to come up with additional clarity on some key performance metrics. According to the updated draft red herring prospectus (DRHP), the Pune-based ...
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TFW Bureau Apr 29, 2024 - 2 min readTrent Limited, which owns and operates fashion and lifestyle retail chains such as Westside, Zudio and Utsa, reported a 15-fold year-on-year rise in consolidated net profit at Rs 712 crore in the quarter ended 31 March, 2024. The company had reported a net profit of Rs 45 crore in the year-ago period. Revenue from operations increased 51 percent ...
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TFW Bureau Apr 29, 2024 - 1 min readAs per reports, India Assist, the pioneer in real-time travel assistance services, has announced the expansion of its franchise model to Jammu and Kashmir, in a bid to enhance traveller experience. India Assist will collaborate with key travel agents across prominent areasto provide seamless and reliable travel assistance to explorers, tourists, and travellers. The franchise ...
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TFW Bureau Apr 26, 2024 - 1 min readIndian retailer FirstCry is set to withdraw its papers for an up to $500 million IPO as early as next week, after India's markets regulator raised questions over key metrics it disclosed to investors, said three sources with direct knowledge of the issue. FirstCry, backed by SoftBank, TPG and India's Mahindra and Mahindra sells ...
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TFW Bureau Apr 26, 2024 - 1 min readLenskart, led by Peyush Bansal, saw its sales approach the INR 4,000 crore milestone in the fiscal year ending March 31, 2023. The Delhi-NCR startup disclosed sales of INR 3,788 crore for FY23, marking a notable 152% surge from INR 1,502.7 crore in the preceding fiscal year. The company predominantly generated 95% of its revenue ...
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Beny Sachdeva Apr 25, 2024 - 1 min readLevi's®, the iconic denim lifestyle brand, proudly announces the grand opening of its inaugural store in Dhaka, Bangladesh. Nestled in the vibrant hub of Banani Road, this Levi's® outlet promises a premium brand experience and unparalleled shopping journey. With a curated selection tailored to local tastes, the store offers an array of products that resonate ...