RSH Global forays into personal hygiene segment
In addition to herbal hand sanitisers, the new personal care range will have hand wash, face wash, skin cream, hand cream and an instant surface cleaning spray among others.
Anuradha Himatsingka
Seven flavours of spice family want a 'Sunrise' of their own
For the low-profile Bhardwaj-Sharma family, selling off the ‘Sunrise’ brand that they had nurtured for more than 70 years was not an easy decision.
Organic Skincare brand Juicy Chemistry raises $6,50,000 from Akya Ventures
Post deal, the startup's valuation is being pegged at $ 2.5 million (approximately Rs 18.75 crore), said a press statement issued by the company. Self-funded so far through internal sources and through operations, the startup has been providing 100 plus skincare products since 2014.
Physician engagement startup Doceree closes seed funding round of $1 million
The New Jersey-based health-tech startup plans to utilize the funds for customer acquisition, recruiting talent, scaling up operations in India and the US and ramping up technology to further digitalize physician engagement experience, said a press statement issued by the company.
Lenders confused over the status of non-admitted IBC cases
The government on March 24 raised the threshold for invoking IBC proceedings to Rs 1 crore from Rs 1 lakh, to prevent triggering of insolvency cases against small and medium enterprises facing the brunt of the pandemic. On March 29, the IBBI decided to not include the lockdown period in any ongoing corporate insolvency resolution process.
Real Estate sector staring at payment defaults amid Covid-19 lockdown
The Indian real estate sector, which is currently worth USD 12 billion and contributing about five per cent to the GDP, has witnessed a drastic drop in sales with no clarity on revival due to social quarantining, says Indian Chamber of Commerce (ICC).
Indo-German startup incubator eyes eastern India
The relationship between India and Germany goes back centuries – not just economically but even culturally. Bilateral interactions between Indian prime minister Narendra Modi and Chancellor Merkel have lead to a reaffirmation of alignment along with technical and economic objectives.
Adani in talks with Simplex promoters for equity stake
The move is part of a stressed asset resolution plan that Simplex Infra management is working on.
Banks identify Simplex Infrastructures as NPA, resolution plans underway
United Bank of India (UBI), the leader of a consortium of 28 lenders, has identified Simplex Infra account as 'non-performing asset' (NPA) in the third quarter of FY20, people familiar with the matter said. Bank of India too marked Simplex Infra’s Rs 24.33 crore in working capital loan as NPA in February.
McNally Bharat close to reaching rescue deal
The lenders are currently evaluating the final binding offer and expect to take a final call before end-March 2020 so that the banks can comply with their provisioning norms as per central bank norms. The same investor is also working out the resolution plan of McNally Sayaji, a subsidiary of McNally Bharat, which will solve the problem of the entire infrastructure wing of the Williamson Magor group, the person said.
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