Retailer
-
Franchise India Bureau Jul 13 2018 - 2 min readThe board of Fortis Healthcare Ltd has accepted a proposal from Malaysia’s IHH Healthcare Berhad to invest Rs 4,000 crore in the Indian hospital chain after a months-long bidding war. The proposed investment offers a “comprehensive equity solution” that addresses the company’s liquidity requirements and meets obligations towards the acquisition of Singapore’s RHT Trust, Fortis ...
-
Franchise India Bureau Jul 06 2018 - 4 min readReliance Industries plans to start “hybrid online-to-offline” retailing, combining its telecom service with the chain of 7,500 brick-and-mortar stores and bringing legions of kirana outlets on a technological platform that will pit it against e-commerce giants Flipkart and Amazon. “It will be a hardware -plus-software play through which anybody can buy anything from anywhere, whether ...
-
Franchise India Bureau Jul 03 2018 - 1 min readSangita Singh, former Infosys executive vice-president, has joined American IT services major IBM. A veteran in the Indian IT services industry, Singh was spearheading healthcare and life sciences vertical at Infosys and was the chief executive of the healthcare and life sciences business unit at cross-town rival Wipro for five years.
-
Franchise India Bureau Jun 20 2018 - 1 min readIn an attempt to close the gender investing gap, Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, the Wall Street bank said on Tuesday. The program, Goldman Sachs’ second geared toward female entrepreneurs, will also help clients invest directly in private, late-stage companies or provide seed capital ...
-
Franchise India Bureau May 04 2018 - 2 min readNokia is folding up its Digital Health business and selling Withings back to its original Co-Founder Éric Carreel. The move was a predictable one since Nokia announced a $164 million write-down on Withings in October last year. The company had purchase Withings back in 2016 for $191 million but failed to ...