In the latest news updates from the world of business and finance on July 1.
Reliance's hot new foray: Mukesh Ambani-owned Reliance brands announced a franchise partnership with Pret A Manger to launch and build the British sandwich and coffee chain in India, marking the company's foray into the booming food and beverage industry. Reliance will open the first Pret store in Mumbai as per reports.
Maruti's New Brezza: With reportedly 45,000 bookings even before the launch, the Brezza is in top gear. The new Brezza with a price tag of Rs 7.99 lakh to Rs 13.96 lakh, comes with 6 airbags, a 360-degree view camera and a heads-up display.
Swiggy's Big Incentive Delivery: Food and grocery delivery platform will be buying back shares worth $23 million issued under its employee stock option program (ESOP). Swiggy also rolled out a new program, named Buy Your Own Dollar (BYOD), wherein employees of the food delivery decacorn can choose to invest in
Hero vs Hero: In a boost for Pawan Munjal-led Hero Moto, reports indicate that the tribunal has dismissed the application filed by Hero Electric for an interim injunction against Hero MotoCorp for using the brand ‘Hero’ for its electric vehicles.
LPG Cylinder Price Cut Today: 19-Kg Commercial Cylinder becomes cheaper
SEBI slams fine: Penalties totaling Rs 1.6 crore were imposed on seven entities, including Kotak Mahindra Trustee Company and Managing Director of Kotak AMC Nilesh Shah and fund manager Laxmi Iyer for flouting rules pertaining to mutual funds while investing in Essel Group companies.