Eight Roads, 2 others to sell stake in Shadowfax

​ Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax​ MUMBAI: Fidelity International-backed Eight Roads Investments, Flipkart and IMM India Fund are collectively selling up to 9% stake in Shadowfax through block deals worth around $108 million (Rs 1,048 crore), the term sheet of the…

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Chess legend Viswanathan Anand steps in as FIDE interim president after EU sanctions sideline Arkady Dvorkovich | Chess News

Arkady Dvorkovich (on left) and Viswanathan Anand (PTI Photo) NEW DELHI: International Chess Federation (FIDE) President Arkady Dvorkovich has stepped aside from his role after being included in the European Union’s latest sanctions list linked to Russia’s 2022 invasion of Ukraine. The decision means FIDE Deputy President and former world champion Viswanathan Anand will serve…

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New launches, financing may give foldable phones a boost

NEW DELHI: Competition in India’s premium smartphone segment is set to intensify later this year as Apple prepares to enter the foldable smartphone market, challenging Samsung’s long-standing dominance in a category that, while still niche, is expected to continue growing despite an overall slowdown in handset demand.Samsung, currently commands about 89% of India’s foldable market,…

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ITC is now 2nd largest FMCG co by revenue

ITC chairperson Sanjiv Puri, on Thursday, said the company aspires to become India’s number one FMCG player, telling shareholders at the annual general meeting that its non-tobacco FMCG business has crossed Rs 24,000 crore in revenue.The milestone makes it the second-largest FMCG company by revenue after Hindustan Unilever, ahead of Nestle (Rs 23,200 crore in…

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