James Murdoch-led Lupa Systems makes first investment in India on Harappa Education
“It is our first investment in India, and in education, globally. We look forward to building a company that has the potential for both transformational impact and scale — which is the advantage the best education companies have,” Nitin Kukreja, the managing director of Lupa Systems, India, told ET in an email response.
India unit driving BNY Mellon’s transformation
The company has 15,000 people in India across tech and ops — about a third of total headcount....
Religare to sell its stake in NBFC arm to TCG Advisory for Rs 330 crore
The companies signed a share purchase agreement on Tuesday, it said. ...
New stress, demand slowdown invoke caution on banks this fiscal
This quarter has been a quarter of caution. Banks like SBI and Axis reported an increase in slippages.
Court directs bizman to appear before Enforcement Directorate in Rs 5,000 crore bank fraud case
The court passed the direction after special public prosecutor Nitesh Rana, appearing for ED, said that Dhawan had refused to appear before it despite repeated summons.
This 75-year-old tribal woman earns nearly Rs 1 lakh in 14 days for plucking leaves
Timru leaves that are used to make bidis have changed fortunes of naerly 34,000 tribal families
Ice creams may cost more this summer
Amul said that they will not be increasing the price as of now while Mother Dairy said that they were evaluating the current situation.
Delhi court issues notices to Sterling Biotech owners in Rs 8,100-crore bank loan fraud case
On October 23, the ED filed a supplementary chargesheet against seven persons in the court in the money laundering case.
Highway development plan has the potential to add 3% to GDP: Nitin Gadkari
In last three years, I have already awarded works worth Rs 6 lakh crore in the road transport and highways ministry alone, he said.
Why top executives are leaving startups like Flipkart, Snapdeal, Ola & others
Termed unicorns — or companies valued upwards of a billion dollars — Flipkart, Snapdeal and Ola have all seen exits of senior managers in recent months.
Creambell plans to try avenues like frozen vegetables, says CEO Nitin Arora
Nitin Arora, CEO, Creambell Ice Cream, tells us what makes this brand stand out and how no two days are the same when you're working with frozen dessert.
Congress has completely destroyed economy & is not letting us succeed: Nitin Gadkari, Transport Minister
"Policies like GST, low-cost housing by acquiring land, new industry in rural areas are being opposed by Congress because they weren’t able to do anything when they were in power. "
ET Awards 2015: For these keen-on-reform panelists, a 7.5% Indian growth story isn't enough
'End of the day, it is the scale, integrity and transparency and innovation and thinking, technology, financing that is going to make a difference. '
Sisodia defends Kejriwal, says want to spend time working for people
If someone is hurt by our remarks, we will apologise. We will not make it a fight of ego.We are here to work for people, said Sisodia.
Creambell forays into the Gujarat market
Ice cream brand Creambell which has a presence in northern, central and southern regions of the country on Wednesday announced its entry into the Gujarat market.The ice-cream market in India is estimated at Rs 3,500 crore and Gujarat is the largest market. Speaking about the development, Nitin Arora, CEO, Creambell said, “We will be focusing over the next five years to build a strong presence in Gujarat In the first phase, our focus would be on Ahmedabad, the key Ice cream market of Gujarat. Next year onward, we hope to expand our presence to Baroda, Rajkot and Surat and then rest of Gujarat.”Creambell is expanding its footprint across the country. In a short span of 12 years, Creambell has notched up a 15% market share and emerged as one of the top 5 leading brands in the highly competitive ice cream segment in the country.This success is primarily driven on the back of a holistic approach adopted by the Company in pursuit of its endeavor to delight the consumer with its product offerings, time after time. “We are aiming for an increased overall market share of 18% and for this the company has earmarked investments of Rs. 275 crores over the next 3 years in capacity expansion, research and development and market activations”, added Mr. Arora.Creambell is also expanding beyond India, aiming for growing international presence. With major interests in the Africa diary market, Creambell is introducing its ice cream brand in the continent gradually in countries like Uganda, Kenya, Zambia and Tanzania.Creambell currently has a presence in over 70% of the overall ice cream retail segment and over 10,000 push carts across India in areas of presence. Creambell has wholly owned three state-of-the-art production facilities (Baddi, Kosi & Goa)Among the top 5 ice cream brands in the country, Creambell is well known for coming up with innovative products. It has to its credit several firsts in the Indian ice cream market and is a market leader in many segments such as ice cream cakes and desserts. Creambell is also known for its unique packaging of products.
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