Author: Roshni Kumari

Owndays will be majority-owned by Lenskart, however, the arrangement is intended to be a merger rather than a purchase. With the acquisition of Owndays Inc. by Indian eyeglasses shop Lenskart, the two companies will become one of Asia’s largest online eyewear merchants. L Catterton Asia and Mitsui & Co. Principal Investments have agreed to sell their stakes in Owndays to the Indian firm, which is funded by SoftBank Group. As reported by Bloomberg, the acquisition is valued at $400 million. Shuji Tanaka and Take Umiyama will run Owndays as a distinct brand with an emphasis on the luxury sector, while…

A hybrid note issued by Indiabulls Housing Finance in June 2012, with the option to redeem it 10 years later, contained features of both debt and equity. When interest rates rose at the quickest rate in at least two decades, one of India’s most prominent mortgage lenders, Indiabulls Housing Finance Ltd., opted not to redeem its rupee-denominated perpetual bonds. With an option to redeem them 10 years later, Indiabulls Housing Finance had issued the so-called hybrid notes, which possessed the features of debt and equity, in June 2012. Instead of returning the 10.6 percent notes on June 28, the business…

Approximately 120,000 small traders will be able to profit from the waiver, which is subject to certain criteria. The Goods and Services Tax (GST) Council has decided to exclude small online dealers from the need to register their businesses, as part of a move that is intended to stimulate the growth of the unorganised sector. On January 1, 2024, the modifications that were made to the rule will become active and take effect. The change is expected to be beneficial to around 120,000 small investors, according to authorities who are aware of the enhancement. According to the materials that were consulted,…

Maruti Suzuki chairman, RC Bhargava, has warned that the company may have to stop developing compact vehicles if the government’s policies make the cost-prohibitive. To be more specific, he was referencing the law requiring at least six airbags in all passenger automobiles. According to RC Bhargava, Chairman of Maruti Suzuki, the company may be compelled to stop manufacturing compact vehicles for the Indian market if prices continue to rise and become unviable as a result of policies implemented by the Indian government. This was a reference to the policy of the central government, which mandated that all automobiles be equipped…

On June 25, the World Health Organization declared that monkeypox is not a worldwide public health emergency. The genetic material of the virus is now being examined by experts for hints as to how it has spread so rapidly. As of June 24, at least 4,100 individuals in 46 nations have been infected with an illness resembling smallpox, which has since spread. In the United States, there have been at least 201 reports of this. According to the Centres for Disease Control and Prevention, those instances have been detected in 25 states and the District of Columbia. Measures to halt…

The Delhi Police apprehended a guy for the murder of a lady in order to end an illegal connection. Man Kills a woman to get out of an illicit relationship. In Delhi’s Mohan Garden Police Station area, the reason illicit relationship authorities apprehended a guy on suspicion of the murder of a lady. To visit her sister-in-law, the lady from UP traveled to Delhi a week ago, according to the police. PCR was called to Police Station Mohan Garden on June 23rd about a homicide near Lal Farm. An unnamed woman’s chunni had been used to strangle her to death, according…

Sushil Mantri is now under investigation by the ED as a result of allegations that he defrauded homeowners. The Enforcement Directorate (ED) was recently sent a complaint about a possible instance of money laundering, and the name of Sushil Mantri appeared top of the list. After being implicated in a scheme to swindle homeowners, Sushil Mantri is now under investigation by the ED. The purchasers have made a complaint stating that the process of purchasing a property has been significantly delayed, and despite this, they have not yet been provided with the homes. Despite this, the homebuyers have not yet…

Employees at the primary processing facility for oil and gas supplies at the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia, walk under pipelines leading to oil storage tanks. Italy has requested a new meeting to discuss the possibility of a complete shutdown of gas supplies from Russia, indicating that European leaders are becoming more and more concerned about the possibility of such a shutdown. As a result of Gazprom, Russia’s state-backed energy supplier, reducing its gas flows to Europe by approximately 60 percent over the past few weeks, several European countries, including Germany, Italy,…

“Tata Nexon EV caught an enormous fire in Vasai West (near Panchvati hotel), Maharashtra,” reads the 45-second-long video that was apparently taken at the scene. A customer’s unit of the electric four-wheeler manufactured by Tata Nexon and sold under the brand name Tata Nexon EV is said to have caught fire on Wednesday evening. The event took place close to the Panchvati Hotel, which can be found in the Mumbai neighbourhood of Vasai West. A video of the event was uploaded by a journalist named Kamal Joshi. In his tweet, Joshi tagged Tata Motors and stated, “Tata Nexon EV catches…

ITC highlighted in its annual report that the growth of the FMCG business as a whole slowed owing to sluggish demand in rural areas, rising inflation, and a large base effect in key categories, such as convenience foods and basics. “Inflation headwinds remain a significant monitorable for the fast-moving consumer goods market,” ITC Limited stated in its annual report issued Wednesday. FMCG companies’ growth has slowed owing to low rural demand, rising inflation, and a strong base effect in numerous categories such as convenience foods and basics, according to the research. Furthermore, low rural demand and high inflation slowed FMCG…