2

JSW Paints aims at Rs 2,000 crore revenue over three years

The Sajjan Jindal-led JSW group’s JSW Paints entered the highly competitive paints industry in India with an initial investment of Rs 600 crore.




2

Berger Paints eyes its 2nd acquisition in Russia

Dhingra indicated that the company they would look for acquisition should be bigger than its existing operations in Russia. BPIL now runs the Russian operations through its subsidiary in Cyprus.




2

Asian Paints Q2 profit grows 68% YoY to Rs 823 crore; Rs 3.35 per share interim dividend announced

The decorative business segment in India recorded high double digit volume growth.




2

Berger Paints Q2 profit surges 67% to Rs 195 crore

Revenue from operations (excluding GST) in the said quarter stood at Rs 1,598.58 crore.




2

Asian Paints Q3 results: Profit grows 20% to Rs 764 crore, meets Street estimates

Asian Paints' revenue from operations rose 3% to Rs 5,420.28 crore from Rs 5,263.04 crore.




2

Corona blues to take the punch out of liquor business in FY21: Pernod Ricard

Pernod Ricard, estimated to have revenues of Rs 21,000 crore in India in 2019-20 on sale of around 55 million cases, sells imported brands such as Chivas Regal, ABSOLUT, Glenlivet and Jameson, apart from the locally-made large-selling ones such as Royal Stag, Blenders Pride, and 100 Pipers.




2

Assam hikes liquor prices by 25 per cent

Assam cabinet held its meeting on Friday through video conferencing. Assam Industries and Commerce Minister Chandra Mohan Patowary said the 25 per cent hike will add Rs 1000 crore to the government's kitty.




2

Bata asked to pay Rs 10,000 for charging Rs 2 for carry bag

The commission said that the bag which was made available by Bata in Rs 2 to the consumer had the company’s logo and accessories printed on it.




2

Woodland aims to double sales to Rs 2,500 cr by FY25

"Our topline was around Rs 1,250 crore (FY19) and is growing by 10 per cent every year, which is a quite healthy and sustainable," Aero Club Managing Director Harkirat Singh told .




2

Indian footwear sector revenues to drop by 10-15% in FY21: ICRA

The pandemic is also likely to catalyse the shift to e-commerce.




2

Puma sees worse second quarter but growth in 2021

Puma said it expected all markets to recover by the end of the year and for growth to return in 2021, noting that the crisis has made many people do more sports than before and has strengthened the trend towards more casual dressing.




2

Muted show at Titan no cause for worry, rebound likely in H2

No large-cap company in the FMCG/ retail space is offering growth visibility as high as Titan.




2

Titan Q2 profit inches up 2% YoY to Rs 320 crore, misses Street estimates

The company had posted Rs 314.38 crore profit in the year-ago period.




2

Titan Company drops 10% on poor H2 guidance

Analysts have largely cut their FY20 earnings forecast for the Tata Group firm by 4-10 per cent.




2

Traditional watches to get a sporty twist as athleisure trend picks up in 2020

The growth of healthy lifestyle has added impetus to the athleisure trend.




2

Smaller town push to help Titan hit 15-20% revenue growth

Jewellery remains the main business of the company, generating most of its operating profit (EBIT). It added 34 jewellery stores in the first nine months and plans to add another 16 by the end of the fiscal taking the total store count to 337.




2

Giacomo Verde (1956-2020)

Italian artist and teacher Giacomo Verde passed away today. Video artist and activist he has explored the use of electronic and digital video image in theatre and performances. Among the highlights in his career he collaborated with Van Gogh TV




2

Apple reopens all 42 retails stores in China

The tech giant closed all retail stores in the country from February 1 based on the advice from leading health experts. It aimed to reopen stores on February 9 but that date ended up being extended. The closure of Apple's retail stores in China, along with supply issues, has affected iPhone sales in the country.




2

Apple to close retail stores worldwide, except Greater China, until March 27

"We will be closing all of our retail stores outside of Greater China until March 27," Apple CEO Tim Cook wrote in a letter posted on the company's website.




2

Lacasa store concept will grow our business 2 times by 2020: Manish Bhatia, HSIL

We will be investing approximately Rs 2-3 crore each in setting up 10 Lacasa stores covering around 40,000-50,000 sq. ft. area till 2020.




2

Jaquar aims to make lighting Rs 1,000 cr business in 2-3 yrs

The capex for FY'18 is about Rs 300 crore to expand lighting and bathroom fitting plants




2

Jaquar aims $1 bn turnover by 2022, to open 15 stores globally

The company, which aspires to be a global brand in the segment, is in the process of opening 15 exclusive brand showroom 'Jaquar world' across the globe.




2

Eyeing Rs 2k cr in revenue, Kurl-on says partnership with IKEA will prove beneficial

"Some part of Kurl-on's business did get cannibalized with the opening of IKEA's first store in Hyderabad, but it is not a cause of worry," Sudhakar Pai, Chairman and MD, Kurl-on says.




2

Ossify invests Rs 225 crore to acquire manufacturing facility for producing Compaq TVs

The company plans to make investments of around Rs 210 crore on infrastructure development of the facility over the next four years.




2

Samsung Electronics expects Q2 profit fall as virus hits sales of smartphones, TVs

"Sales and profits of set products business, including smartphones and TVs, are expected to decline significantly as COVID-19 affects demand and leads to store and plant closures globally," Samsung said in a statement.




2

Sony cuts television prices up to 20% to spur demand during Covid-19

The company has cut prices anywhere from Rs 2,000 on the smaller screen televisions going up to Rs two lakh on a flagship 85-inch model apart from rolling out long tenure no-cost EMI schemes and bundling offers. It has launched a new 85-inch model at Rs 5.9 lakh bringing down its earlier pricing structure of Rs 10 lakh in this screen size.




2

Samsung donates Rs 2 crore to Tamil Nadu in fight against coronavirus

The company had recently contributed Rs 15 crore to PM CARES Fund.




2

Meet Ryan: A 7-year old boy who is the highest-paid YouTube star of 2018

The boy topped Forbes' list of "Highest-Paid YouTube Stars 2018" with an impressive earning of USD 22 million.




2

200% import duty hike to hit toy business in India: Importers

The Centre, in the Union budget presented by Finance Minister Nirmala Sitharaman, has proposed raising the import duty on toys from 20 per cent to 60 per cent from the next fiscal, saying that the step would support the MSMEs and promote local manufacturing.




2

Louis Vuitton India net profit jumps over 24% in FY19

According to documents recently filed with the registrar of companies (RoC), accessed through business information platform Tofler, LVMH, known for its iconic monogrammed bags, clothing, perfumes and leather goods reported an increase in profit after tax by Rs 3.19 crore.




2

Gold may zoom to Rs 82,000 per 10gm by end ’21: Analysts

On Thursday, gold futures for June on MCX closed at Rs 46,352/10gm. So, in about one and a half years, gold prices in India could gain about 75%. In the international market, gold is currently trading at about $1,750 level.




2

Tanishq announces to open its 328 stores across the country in a phased manner

The company will continue to strictly comply with all government rules while reopening and running operations at the store. The company plans to reopen first 50 stores by 10th May, 2020.




2

Episode 55: 20 Jazz Funk Greats

Datassette presents a series of mixes intended for listening while programming to aid concentration and increase productivity (also compatible with other activities).




2

Noida: No orders for next 2 years, say garment exporters

According to exporters, payments of previous dispatches are also withheld by importers in the UK and Europe. These exporters employ about 50,000 people, and 60% of them are women engaged in tailoring, thread-cutting and other hands-on work.




2

FirstCry becomes Ratan Tata's fourth investment in 2016

Earlier this month, Ratan Tata had invested in Tracxn Technologies and followed it up with pet care portal DogSpot and online cashback and coupons venture CashKaro.




2

Kidswear company '612 League' to raise Rs 100 crore, eyes top slot

612 League sells its products through 48 EBOs and 450 points of sales across the country. "We will also increase our points of sales to 800 in 4 years," he said.




2

CBI books Delhi-based kidswear retailer for Rs 20 crore fraud

It is alleged that the company and its officials fabricated balance sheets to avail a loan which was not repaid to the bank, they said.




2

O2 Spa to invest USD 15 mn for biz expansion

O2 Spa is currently operating 60 centres across 17 cities in the country.




2

O2 Spa acquires Zazen as part of its expansion drive

With this acquisition, a total of 18 outlets will become a part of O2 Spa and would be known as Zazen Spa from the house of O2 Spa.




2

L'Oreal India enhances maternity leave to 26 weeks

To help new mothers ease back into work, they can also avail of reduced work hours for two continuous weeks immediately after resuming work.




2

Truefitt & Hill to take India tally to 17 by 2017-end

World’s oldest barber shop Truefitt and Hill is keen to take its India tally to 17 by the end of this year.




2

India's latest acceptance of curls lead to the emergence of a Rs 200 crore industry

Even though 60% of the world’s population has either curly or wavy hair, Indians have always considered straight hair the ideal type.




2

L’Oréal India appoints Amit Jain as new MD

Jain, who will join from August this year, will be L’Oréal India’s first Indian managing director after the French cosmetics giant entered in 1991.




2

Fogg-maker launches Pretty 24 that debunks fairness proposition

There is no market for me today because every brand in the category has convinced the consumer that they need to look fair to be successful in life.




2

Steadview funding values Nykaa at $1.2bn

The funding includes the sale of shares by some existing investors and employees of Nykaa, which has been done at a discount to the $1.2-billion valuation. The latest round comes about a year after the company raised $15 million from TPG Growth, which had valued it at $724 million.




2

AVA Group targets Rs 500 crore sales turnover in FY20

The company, celebrating its 50th anniversary, has lined up a string of new products for the future.




2

Govt caps maximum retail price of 200ml hand sanitizer at Rs 100 till June

"The price cap has been imposed taking into account the sharp increase in prices of raw materials used in making of face masks and hand santizer," Paswan said.




2

CureFit to expand to Delhi-NCR, invest Rs 25 cr

The company is looking at a revenue run rate of about USD 50 million by December 2018, from USD 10 million currently. Revenue run rate is a term used to indicate total sales value of merchandise sold through the marketplace over a certain period of time.




2

Fitness startup Curefit adds Rs 4.2 crore in cart

It secured Rs 4.18 crore in a funding round with participation from Flipkart cofounder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan, according to data-intelligence platform Paper.vc.




2

Mukesh Bansal's CureFit eyes 500 CultFit fitness centres by 2020

Bansal said the startup has so far raised around $160 million and only less than 20% of the funds were utilised so far and the balance funds will be spent over the next few years towards developing fitness devices and technology platform, apart from expanding the footprint.