Kalyan Jewellers, Hindustan Unilever and IndusInd Bank to see some action today

Kalyan Jewellers India is planning to expand its retail footprint by over 30 per cent in the next calendar year by adding 52 showrooms. The expansion will mainly focus on the non-South region, which currently contributes 35 per cent to the India business. The expansion will be majorly fuelled by franchisees. The company operates on FOCO (Franchise Owned Company Operated) model.

Hindustan Unilever (HUL) has announced the acquisition of a majority stake in OZiva and a 19.8 per cent equity in Wellbeing Nutrition with a total investment of Rs 335 crore to foray into the health and wellbeing segment. Hindustan Unilever will acquire a 51 per cent stake in Zywie Ventures, which owns the brand OZiva, for a consideration of Rs 264.28 crore, making its entry into the health and wellbeing segment.

IndusInd Bank has tied-up with non-banking finance company SV Credit Line for a co-lending agreement for Rs 500 crore loan exclusively to women borrowers. The agreement will help rural women access to affordable loans which they could use for a wide range of economic activities such as agriculture, animal husbandry, trading and local manufacturing, among others.

Tata Consultancy Services (TCS) has partnered with Barclays to help more children with neuro-muscular disabilities become self-reliant by bringing the TCS Virtual Habilitation (VHAB) solution to Bal Kalyan Sanstha in Pune. As part of the collaboration, TCS is deploying and supporting its VHAB solution and Barclays, as part of its Disability and Mental Health Network ‘Reach’ is providing the hardware, equipment, and ongoing support.

MIC Electronics has entered a preliminary Memorandum of Understanding (MoU) dated December 01, 2022 with Interactive Fully Electrical Vehicles (I-FEVS)  to collaborate in the area of road mobility with the objective to exploit the I-FEVS patents related to Electric 2 and 3 wheelers, characterized by: 1) a novel approach to manufacture the frame and more in general the overall mechanical and electromechanical components including the suspension system, 2) A novel electrical propulsion system 3) an electrical electronic architecture studied for over the air firmware updates, for preventive maintenance, user(s) identification, energy management, energy harvesting through photovoltaic, situational awareness. 4) A specifically designed battery pack.

Paisabazaar and RBL Bank have launched their new Co-created credit card 'Duet'. Duet is a 2-in-1 product that meets two distinct consumer needs seamlessly. It's a credit card that offers cashback on purchases and also a line-of-credit from RBL Bank that enables instant transfer of money into the bank account. Duet is a lifetime free credit card from RBL Bank, with easy to understand direct cashback benefits.

Trent has signed a definitive agreement with Tata Industries, Tata Unistore (TUL) and Tata Digital (TDPL) on December 08, 2022 to divest its stake of around 3.22% (on a fully diluted basis) held in TUL to TDPL. The sale of TUL equity shares to TDPL is for consideration other than cash in the form of Compulsorily Convertible Preference Shares of TDPL.