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MAIYAS SALE
MTR parent's revenue growth slows on weak demandOrkla's revenue in India increased by 4.3% to ₹2,533 crore in 2024, hindered by high prices affecting demand, especially in rural areas. Th...- MTR Foods parent Orkla India restructures board ahead of its planned IPOOrkla India, which owns MTR and Eastern spices, appointed four non-executive independent directors to its board ahead of a planned $300 mil...
- MTR owner Orkla India to sell 10-15% via IPO, raise $300 millionOrkla India, owner of MTR and Eastern spices, is in early discussions to raise around $300 million via an IPO. The company aims to list bet...
- We will continue to grow in Bangalore & 3 other cities: Aravind Maiya, Embassy REITEmbassy REIT anticipates strong growth in commercial real estate in India, with a focus on cities like Bangalore and plans to enter Chennai...
- Embassy REIT achieves full year leasing guidance of 6.5 mn sq ft in 9 monthsThe company signed three large pre-lease deals of 2.2 msf with leading multinationals, including a major Australian Bank, an American retai...
- Tokyo's Fuji Electric acquires UPS maker Consul NeowattFuji Electric is in the final stages of discussions to acquire Consul Neowatt Power Solutions, a Chennai based power backup manufacturer, i...
- Packaged breakfast and ready-to-eat products find takers in BharatThe predominantly unorganised sector that would sell loose spices and cereals are being gradually replaced with branded instant mixes.
- IPOs down to a trickle, but Asian bankers not losing hope yetAfter a blockbuster IPO year for Asia in 2018, 2019 is expected to be much slower.
- Sanjiv Goenka, Haldiram, MTR show interest in MaiyasThe interest of MTR to resurrect Maiyas is a cruel twist of fate considering it was a brand that was owned by the latter and sold off to No...
- Move over, green: Blue tea is weaving magic in Bengaluru's circuitsMost blue tea enthusiasts consider the brew an instant mood lifter.
- Going cashless does not pay for hotelsM Rajendra, President of Karnataka State Hotel & Restaurants Association, says going cashless has meant increased costs for the hotel indus...
- As India braces for digital payments future, how secure are banks from cyber attacks?A study by Assocham-PwC notes a surge of about 350% in cybercrime cases registered under the IT Act, 2000 between 2011 and 2014.
- Clouds of uncertainty: Tourist inflow ebbs over Cauvery stirCelebrations are indeed grand this year but you get to see more of local faces and not those from outside, said Dr MA Sheela, a doctor in M...
- TutorVista founder K Ganesh plans new healthcare forayInternet entreprenenuer K Ganesh, is starting a new biz that will use technology to deliver healthcare services direct to homes.
- Serial Entrepreneur Sets His Eyes on Home Healthcare ServicesK Ganesh is starting a new business that will use technology to deliver healthcare services direct to homes across the globe.
- MTR Foods to go national; double revenueCity-based processed food manufacturer MTR Foods has drawn up an ambitious plan to go national and double its revenue to Rs.500 crore by 20...
- Innovations that helped MTR Foods become a big brandMTR's Sadananda Maiya says the he dreamt of the day when salesmen wearing neck ties would market products, just as HUL did.
- Norway co to buy MTR for Rs 350-crHighly-placed sources say that the Orkla-MTR deal should be closed in the next few weeks.
- They're all lining up for MTRThe race for Bangalore-based marque food brand, MTR Foods, is hotting up. Sources said Britannia, ITC, Gopal Zarda and over 10 private equi...
- Hot Deals: MTR ready to beat a retreat from foodsThe Maiya family has put MTR’s packaged food business on the block. The Bangalore-based food major is in talks with private equity (PE) fir...
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