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Adani Wilmar (AWL) announced the acquisition of several brands including the renowned Kohinoor Brand – domestic (India region) from McCormick Switzerland GMBH for an undisclosed amount. In essence, the acquisition would give AWL exclusive rights over the brand Kohinoor basmati rice along with Ready to Cook, Ready to Eat curries and meals portfolio under the Kohinoor Brand umbrella in India. The Kohinoor brand portfolio comprises […]

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Life Insurance Corporation of India (LIC) on Monday (2 May 2022) raised Rs 5,627.27 crore from anchor investors ahead of its mega initial public offering (IPO). The state-owned insurer allotted about 5.93 crore shares to 123 investors at Rs 949 per share. The Singapore governments sovereign wealth fund (GIC) subscribed to shares worth over Rs 414 crore through three funds. BNP Investments subscribed to shares […]

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On 3 May 2022

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On 5 May 2022

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India recorded 2,568 new cases recorded in the last 24 hours. Daily positivity rate stands at 0.61%. Weekly Positivity Rate at 0.71%. Active caseload currently stands at 19,137. Active cases stand at 0.04%. Recovery Rate currently stands at 98.74% with 2,911 recoveries in the last 24 hours taking the total recoveries to 4,25,41,887. 83.86 crore tests were conducted so far; 4,19,552 tests conducted in the […]

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