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Jubilant Foods to buy remaining 10% stake in JV with Golden Harvest

Jubilant Food Works on Tuesday said it will acquire the remaining 10 per cent share in its joint venture Jubilant Golden Harvest from Golden Harvest. After this, Jubilant Food Works (JFL) would have Golden Harvest's 49 per cent stake in the JV, making JGHL, which offers domino's pizza in Bangladesh, a wholly-owned subsidiary, the company said in a regulatory filing

HC allows Invesco appeal against order on EGM to remove Zee's Punit Goenka

The Bombay High Court on Tuesday allowed an appeal filed by Invesco Developing Markets Fund, the largest shareholder of Zee Entertainment Enterprises Limited (Zee), against a single-judge order granting interim injunction on holding an EGM to remove Zee's CEO Punit Goenka. A division bench of Justices S J Kathawalla and Milind Jadhav quashed and set aside the single bench order of October 2021.

Oyo to offer free accommodation to Ukraine refugees,starts with Poland

Homegrown hospitality technology platform OYO on Tuesday said it will offer free accommodation to refugees fleeing Ukraine. Starting with Poland, the company has initiated concerted efforts to appeal to its 600-plus Belvilla homeowners on its platform in Poland to open their holiday homes to refugees.

Vedantu appoints former Reliance, Google executive as chief growth officer

Vedantu, a pioneer in Live online learning, has appointed Nikhil Rungta as chief growth officer. Nikhil will be responsible for scaling and driving growth across all business units, directly reporting to Vamsi Krishna, CEO and cofounder. His mandate will include brand, social and digital marketing, strategic partnerships, and YouTube. Rungta will also play a critical role in strengthening the Vedantu brand and help in making it one of India’s most preferred online education companies amongst students, parents, and teachers.

Nissan India rolls out 50,000th unit of SUV Magnite from Chennai plant

Automaker Nissan India on Tuesday said it has rolled out the 50,000th unit of its SUV Magnite from the Chennai plant of the Renault-Nissan alliance. Magnite has so far received over 1 lakh customer bookings in domestic and export markets, Nissan India said in a statement.

Zomato faces backlash after announcing plans to deliver food in 10 minutes

Indian food-delivery giant Zomato Ltd is facing a backlash on social media for its plans to roll out a 10-minute food service that critics say raises roadsafety risks for delivery riders. CEO Deepinder Goyal said in a post late on Monday the service "Zomato Instant" would rely on a densely located network of so-called food "finishing stations", which will house bestseller items from restaurants and use a sophisticated demand prediction algorithm.

Malaysia'sIHH Healthcare offers $1.35 billion for Ramsay-Sime Darby JV

Ramsay Health Care Ltd and Malaysia-based Sime Darby Holdings have received a $1.35 billion buyout offer from IHH Healthcare Bhd for their Asia joint venture, the Australian hospital operator said on Tuesday. The proposal gives Ramsay Sime Darby an indicative enterprise value of 5.67 billion ringgit ($1.35billion) on a cash-free, debt-free basis, Ramsay Health Care said.

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