HMT Watches has been making losses for the last 15 years.
New plant will manufacture around 1 mn cases per annum.
Calcutta HC dismisses United Bank of India's decision on technical grounds
Karnataka tax dept may attach assets of dealers; new retailers not being registered
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
Britannia Industries, the bakery and dairy major, has tied up with e-tailer Amazon India for a pilot launch of Good Day Chunkies, a new chocolate chip cookie, for 15 days. The offer is currently on and closes on December 5, after which the product goes to offline (normal retail) stores.
Amazon's fulfilment centres, which store products of hundreds of vendors selling on the American online major's platform, are being cited by Karnataka state government authorities as a primary concern in an ongoing tax dispute.
Hundreds of Jokatte villagers adjacent to MRPL refinery near Mangalore have complained of air, noise, water pollution from plant.
In his new role, chief Chinnakannan Sivasankaran's son Saravana is likely to manage 60% of the group's revenues
Diageo-led United Spirits pulls out one more lifeline from UB Holdings.
Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share.
While it will most certainly impact his personal credit record, it will also have repercussions for his other businesses and companies he is associated with.
According to various senior UB Group officials, the strategy of 14 power brands' focus is expected to be rolled out soon.
Diageo gets assurance, Heineken may seek one, too.
United Spirits had earlier forked out a loan of as much as Rs 1,350 crore to UB Holdings.
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Diageo, which recently coughed up a total of Rs 18,000 crore (Rs 180 billion) to take majority control of USL, seems to have a lot of faith in him.
After razing his ancestral bungalow, housed in an expansive 4.5-acres of prime location in the central business district of Bangalore, Mallya's attempt to unlock value in the land by building the luxury KingfisherTowers has been stalled.
The Reserve Bank of India's ongoing inspection of the book of accounts of Syndicate Bank is unconnected with last week's arrest of S K Jain, its chairman and managing director.
A week after lenders invoked more of pledged shares, they did so again.
IDBI Trusteeship Services, in its capacity as the lenders' trustee to Kingfisher Airlines, has invoked a little over 4.93 mn shares worth Rs 1,300 crore.
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