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Tag: crore

Chai Waale raises Rs 1.75 crore

Chennai-based beverage start-up Chai Waale has secured a funding of Rs 1.75 crore from a slew of angel investors. The current set of angel investors include Tharun Dhariwal, ED of Dhariwal Group, Sunil Kumar Singhvi, managing partner of South Handlooms, Chennai-based HNIs Arun and Vishal Ostwal, Gunavanth Vaid of 4G Capital Ventures, and Bharat Kumar …

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Welspun One announces Rs 900 crore, 110-acre logistic park in Bhiwandi, Maharashtra

Welspun One’s maiden project is located on a prime, irreplaceable and contiguous land parcel with clear legal title, fully owned by the Welspun Group promoters. The 110 acre project in Bhiwandi entails an estimated investment of Rs 900 crore and has a potential leasable area of approximately 3.2 mm.sft. The project is slated to be …

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Raymond Q4 results: Posts Rs 69.10 crore net loss

Raymond Ltd on Monday reported a consolidated net loss of Rs 69.10 crore for the fourth quarter ended March 2020, impacted by the coronavirus-induced lockdown. According to a PTI report: The company had posted a net profit of Rs 67.70 crore during January-March quarter of the previous fiscal, Raymond said in a regulatory filing. Revenue …

Raymond Q4 results: Posts Rs 69.10 crore net lossRead More

Diageo India launches ‘Raising The Bar’, a Rs 75 crore revival and recovery programme to support bars, pubs and restaurants serving alcohol

Diageo India announced ‘Raising the Bar’, a Rs 75 crore programme committed to support bars, pubs and restaurants serving alcohol to welcome customers back and recover following the COVID-19 pandemic. ‘Raising the Bar’ will be a two year programme to support the revival and recovery of qualifying bars, pubs and restaurants serving alcohol across New …

Diageo India launches ‘Raising The Bar’, a Rs 75 crore revival and recovery programme to support bars, pubs and restaurants serving alcoholRead More

1 crore job cuts likely in textile industry without Govt support: CMAI

There could be as many as one crore job cuts in the textiles sector, which has been severely hit by the ongoing lockdown, if there is no support and revival package from the government, according to apparel industry body Clothing Manufacturers Association of India. With around 80 per cent of the garment industry mostly micro, small and medium enterprises, CMAI, …

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Amazon pumps Rs 284 crore into food retail unit, Retail News, ET Retail

Amazon has pumped in Rs 284 crore in Amazon Retail, the unit which sells grocery and food items on the India marketplace, according to regulatory documents sourced from business intelligence platform Tofler. This comes at a time when Amazon India is only selling essentials due to the lockdown restrictions and is witnessing high demand for …

Amazon pumps Rs 284 crore into food retail unit, Retail News, ET RetailRead More

Nykaa raises Rs 100 crore from Steadview Capital

Nykaa, an omnichannel retailer, on Tuesday said it has raised Rs 100 crore from Steadview Capital at an undisclosed valuation.Steadview is already an investor in the company started by Falguni Nayyar, an investment banker turned entrepreneur. According to a PTI report: This is a primary investment by Steadview in the nearly eight year-old venture and …

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Lockdown: Parle to donate 3 crore packs of Parle G biscuits through government agencies

Biscuits major Parle Products on Wednesday said it will donate three crore packs of biscuits in the next three weeks, specially to the needy people through government agencies with the country going for a 21-day lockdown due to coronavirus pandemic. According to a PTI report: The company said its manufacturing units are functioning with 50 …

Lockdown: Parle to donate 3 crore packs of Parle G biscuits through government agenciesRead More

Paytm to invest Rs 500 crore to train offline merchants in QR payments, Retail News, ET Retail

BENGALURU: SoftBank and Alibaba-backed digital financial services company Paytm plans to invest Rs 500 crore over the next year to integrate its offline merchants into seamless QR code-based payments that will directly land into their bank accounts. This will remove the restrictions that the merchants previously had on amount they could accept or charges they …

Paytm to invest Rs 500 crore to train offline merchants in QR payments, Retail News, ET RetailRead More

Amazon to help integrate 1 crore small and medium Indian businesses into the digital economy

Small and medium businesses (SMBs) are the backbone of any economy and in a country like India where there are more than 60-70 million SMBs, they play an extremely important role, contributing to a significant portion of consumer consumption spending as well as boosting retail GDP. SMBs are also the fiercest critics of online retail, …

Amazon to help integrate 1 crore small and medium Indian businesses into the digital economyRead More