Deals, mergers,

Agilitas Sports, co-founded by former Puma India & South East Asia MD Abhishek Ganguly, on Thursday announced it will acquire Mochiko Shoes for an undisclosed amount.
Agilitas Sports is a sportswear and Athleisure solutions platform while Mochiko is the country's largest sports footwear manufacturer.
Mochiko's clientele includes leading international brands such as Adidas, Puma, New Balance, Skechers, Reebok, Asics, Crocs, Decathlon, Clarks and US Polo and is their manufacturing partner.
"Mochiko's manufacturing capabilities, operational excellence and strategic partnerships with leading global giants, positions us to address the government's clarion call to 'Make in India', and to cater to the rising aspirations of an economic superpower, with the largest youth population," Agilitas Sports CEO & Co-Founder Abhishek Ganguly said.
Earlier this year, Ganguly left Puma India along with its executive director for sales and operations Atul Bajaj and CFO Amit Prabhu and they founded

Abhishek Ganguly

Agilitas Sports will be a solutions platform for sportswear and athleisure

Karthik Balagopalan

Ganguly had been the MD of the company since 2014 and is leaving to pursue 'a career as an entrepreneur in his own venture'

sports

The top two reasons for the low participation of kids are 'lack of time' and the need to 'focus on studies': PUMA-Nielsen sports survey

Anushka Sharma

She joins 30-35 other brand ambassadors such as husband Virat Kohli, Kareena Kapoor Khan, Yuvraj Singh; will endorse brand's footwear, apparel and accessories, including select collections

SUPREME COURT

The Sports Company had filed a petition against an order of the Punjab and Haryana High Court in which the court had refused to quash a criminal complaint against it for copyright infringement

Puma

German sports brand Puma on Tuesday said it has launched mobile shopping app in India to further enhance digital offerings for consumers and provide quicker access to its products.

How did Puma India manage strong top line growth in 2021 despite it being a challenging year?

Puma India, part of the global sportswear giant, has signed 15 Olympic-bound Indian athletes and three para athletes for the upcoming national and international tournaments.
The move is part of the company's quest to "push boundaries and celebrate diversity in sports".
The brand has signed legendary boxer MC Mary Kom, sprinter Dutee Chand, boxer Pooja Rani, track and field athlete Tejinder Singh, shooter Manu Bhaker, swimmer Srihari Nataraj, hockey players Rupinder Pal Singh, Harmanpreet Singh, Mandeep Singh, Gurjant Singh, Savita Punia, Sushila Chanu, Navneet Kaur, Navjot Kaur, Vandana Katariya, Gurjit Kaur and Udita Duhan.
It has also tied up with para-athletes like shooter Avani Lekhara, table tennis champion Bhavina Patel and discus thrower Ekta Bhayan.
Abhishek Ganguly, managing director at Puma India & Southeast Asia, said, "As a brand, we strongly believe that being unique is a great strength and our unwavering commitment to inclusivity in sports is testament to this.

Abhishek Ganguly, Managing director, Puma India and Southeast Asia

Abhishek Ganguly, MD, Puma India and Southeast Asia, talks to Dhruv Munjal about the partnership, how the company has dealt with the pandemic, and why it continues to be the dominant force in India

India cricket team

A senior industry insider explained the whole sponsorship issue in these turbulent economic times

Abhishek Ganguly, Managing director PUMA India

We don't want one to grow at the cost of the other, PUMA India MD tells Shubhomoy Sikdar

Puma Cell Venom

Opens its biggest India store in Bengaluru to give an experiential taste to buyers

puma ad graffiti

The company said, all the stakeholders had also "aligned" that there was "need to raise awareness" among the owners about guidelines to preserve heritage properties.

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

454 members voted in favour of the Bill, while two voted against it.

Lok Sabha

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range

US Federal Reserve

A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors

Indian economy

Stock market Update on Thursday, September 21: ICICI Bank, SBI and Mahindra & Mahindra, down up to 3 per cent, were the major losers among the  Sensex 30 stocks.

bear market, stocks, sensex, nifty, loss, growth, crash, index

Apple is set to roll out the iOS 17 for iPhones on September 18. The new platform update will bring new features related to iMessage and FaceTime, new widgets, and more

Apple, Apple iOS 17, Apple iOS, iOS 17, Apple iPhone, iPhone 15,

The Food Safety and Standards Authority of India (FSSAI) has started a nationwide surveillance study on milk and milk products this month, in a bid to curb adulteration of such items, an official of the country's apex food regulator said on Monday.
The exercise will continue till October, and the regulator is expected to submit its report to the health ministry by December, FSSAI Advisor (Quality Assurance) Satyen K Panda said.
"The surveillance survey will cover 766 districts across the country and over 10,000 samples will be collected during the exercise. Two agencies have been engaged for the purpose," he told PTI.
Quality Council of India, an autonomous body under the Ministry of Commerce and Industry, and the National Dairy Development Board will conduct the survey for FSSAI, Panda said.
"The scope for the survey includes milk, khoa, chenna, paneer, ghee, butter, curd, and ice cream. The test parameters are adulterants, normal quality and compositional parameters, contaminants

FSSAI

The funds were raised through the issue to the promoter group and investors in two phases in February and March, 2022

Housing market, Homes, Real estate, Realty

The Supreme Court on Monday refused to entertain Jharkhand Chief Minister Hemant Soren's plea against the Enforcement Directorate's (ED) summons in a case of alleged money laundering.
A bench of Justice Aniruddha Bose and Justice Bela M Trivedi granted Soren the liberty to approach the Jharkhand High Court for relief in the matter.
Senior advocate Mukul Rohatgi claimed in the court that this is a complete case of a witch-hunt.
"Mr Rohatgi, why don't you go to the high court? No no, go to the high court. We will permit you to withdraw," the bench said. The matter was dismissed as withdrawn.
Additional Solicitor General S V Raju, appearing for the ED, submitted that the issue is covered by a large number of judgments.
Soren has moved the apex court challenging the summons sent to him to depose at the federal agency's office in Ranchi on August 14 and record his statement under the Prevention of Money Laundering Act.
Earlier, Soren had skipped the ED's summons in an alleged defence 

Hemant Soren

The vice chairpersons are eligible to preside over the house in the absence of the chairman or the deputy chairman

Rajya Sabha Chairman Jagdeep Dhankhar

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

Canada said it was expelling a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist.
Trudeau said in Parliament that Canadian intelligence agencies have been looking into the allegations after Sikh leader Hardeep Singh Nijjar, a strong supporter of an independent Sikh homeland known as Khalistan, was gunned down on June 18 outside a Sikh cultural centre in Surrey, British Columbia.
Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week, that he told Modi that any Indian government involvement would be unacceptable and that he asked for cooperation in the investigation.
Canadian Foreign Minister Mlanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. "If proven true this would be a great violation of our sovereignty and of the most basic

Hardeep Singh Nijjar

MEA's statement comes after Canada expelled an Indian diplomat on Monday as it investigates credible allegations that India's government may have had links to the assassination in Canada

Canadian Prime Minister Justin Trudeau arrives for his daily press conference on COVID-19, in front of his residence at Rideau Cottage in Ottawa. Photo: PTI

Justin Trudeau

Schneider Electric India has lined up an investment of Rs 3,200 crore by 2026 to increase its footprint in the country, company's CEO & MD Deepak Sharma said.
The investments will be made in nine states, Sharma who is also the President  Greater India region told PTI in an interaction.
"In line with our growth ambitions, we have plans to invest EUR 350 million (Rs 3,200 crore) in expanding our industrial footprint with the addition of 12,00,000 square feet up to 2026. These investments are spread over Gujarat, Telangana, Karnataka, West Bengal, Odisha, Tamil Nadu, Maharashtra, Himachal Pradesh, and Uttarakhand," Sharma said.
When asked if the investments include setting up of green capacities, he said Schneider Electric aims to become net-zero in its operations by 2030, end-to-end carbon neutral value chain by 2040, and net-zero CO2 emissions across its entire value chain by 2050.
"Our company is managing over 700 MW of renewable energy power purchase agreements and providing ...

Schneider Electric

The visit comes after the two-day Congress Working Committee (CWC) meeting in Hyderabad

Priyanka Gandhi Vadra

The Supreme Court on Thursday adjourned for four weeks a plea moved by activist Jyoti Jagtap, arrested in the Elgar Parishad-Maoist links case, challenging a Bombay High Court order denying her bail.
Jagtap has moved the apex court challenging the October 17, 2022 order of the high court that refused to grant her bail, saying the National Investigation Agency's (NIA) case against her was "prima facie true" and that she was part of a "larger conspiracy" hatched by the banned CPI (Maoist) outfit.
A bench of Justices Aniruddha Bose and Bela M Trivedi deferred the matter after advocate Aparna Bhat, appearing in the court on behalf of Jagtap, sought time to file a rejoinder to an NIA affidavit.
The top court granted three weeks to Jagtap to file her rejoinder.
On July 28, a bench headed by Justice Bose granted bail to activists Vernon Gonsalves and Arun Ferreira in the Elgar Parishad-Maoist links case, noting that they were in custody for five years.
The top court had, on May 4, sought

Supreme Court, Manipur violence

After a "successful" tour of Spain, West Bengal Chief Minister Mamata Banerjee on Thursday morning reached the UAE where she will attend a series of meetings, including a business summit, a state government official said.
Banerjee, who is scheduled to stay in Dubai till her planned return to Kolkata on September 23, will participate in a business summit and also meet a group of NRIs there, he said.
"The chief minister reached the UAE early this morning. She will be staying there for the next two days and will attend a series of meetings, including a business summit. She will also meet a group of NRIs," the official said.
Banerjee left for Spain on September 12 after a one-night stopover in Dubai, in a bid to attract investments in the state.
She visited Madrid and Barcelona in Spain. During her stay in the European country, the chief minister met several investors and held meetings with NRIs, the official said.
Among other significant developments, the Bengal government has signed

West Bengal Chief Minister Mamata Banerjee

India has won the bid to host the International Congress on the Chemistry of Cement (ICCC) here in 2027, where global leaders, academicians, and professionals would deliberate on progress of research in this sector, an official statement said.
The bid was won against UAE and Switzerland.
The department for promotion of industry and internal trade (DPIIT) said that India's leading research and academic institutes, National Council for Cement and Building Materials (NCCBM) along with IIT Delhi successfully presented India's bid before the steering committee members of the conference during the ongoing 16th ICCC at Bangkok, Thailand.
"The decision was announced on September 20, 2023 at Bangkok," it said.
The conference is the largest event of its kind which reviews the progress of research in the area of cement and concrete, it added.
The gathering has been held generally at intervals of four to six years since 1918.
Last time it was held in 1992 in the national capital.
"This even

Heatmap

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