Monday, Jan 25 2021 | Time 22:31 Hrs(IST)
image
  • UP budget session from Feb 16
  • India faced 'expansionist move' on its borders but valiant soldiers foiled it: President
  • NIA files charge sheet against 2 terrorists in ISIS Omar AL Hindi module case
  • Covid-19: 8 new cases detected in Kolhapur
  • Scenarios: All to play for in ICC World Test Championship
  • Scenarios: All to play for in ICC World Test Championship
  • Aaditya stresses for co-government mode of work
  • Guv calls for taking resolve to uphold rule of law and Constitutional principles
  • 77 percent COVID-19 vaccination, two new cases in Meghalaya
  • Meghalaya awarded for best electoral practices
  • 30 CBI officials get President's Police Medals
  • Govt singularly devoted to farmers' welfare: President
  • AIMIM demonstrates against MSEDCL's recovery drive of overdue electricity bills in Aurangabad
Business Economy


KDDL Ltd to acquire Estima AG

KDDL Ltd to acquire Estima AG

Mumbai, Dec 11 (UNI) KDDL Limited said that its Board of Directors of Company at its meeting held on December 10, 2018 has approved an agreement for acquisition of a Swiss Watch Hands manufacturing

Company named "Estima AG", Allerheiligenstrasse 30, 2540 Grenchen, Switzerland through its subsidiaries "Pylania SA" and special purpose vehicle "Kamla International Holdings SA".

The Target Company acquisition will help the Company to capture additional market share of customers in European market serviced by Estima.

The cost of acquisition will be Cash CHF 4,00,000 for 100 percent Shares.

The existing operations of Estima AG, Switzerland are Watch Hands manufacturing and revenue is in the range of CHF 2 million.

Estima was a competitor of the Company in the business of watch hands manufacturing.

Estima was established as a maker of watch hands in Switzerland in 1924. It was a leading supplier to Swiss and other European watch brands in the mid-priced segment and enjoyed an excellent reputation. However, over last 10 years, it was unable to keep up with market changes and lost market share leading to declining

turnover and mounting losses.

UNI JS SY 1258

More News

Panasonic Life Solutions to set up its new manufacturing facility in AP with Rs 600 cr investments

25 Jan 2021 | 8:40 PM

Hyderabad, Jan 25 (UNI) Panasonic Life Solutions India (PLSI), a wholly-owned subsidiary of Panasonic Corporation, on Monday announced the groundbreaking ceremony of its new manufacturing facility in Sri City (Chittoor district), Andhra Pradesh and will commence its operations of manufacturing the electrical appliances by April, 2022.

see more..

MRPL’s Vermicomposting unit inaugurated by Sunil Kumar, Joint Secretary Refineries-MOPNG)

25 Jan 2021 | 7:33 PM

Mangaluru, Jan 25 (UNI) Sunil Kumar, Joint Secretary (Refineries), MOPNG on Monday inaugurated the first unit of the MRPL’s 90 ton per year capacity Vermicomposting project at Mangalore.

see more..
Tata Motors launches Altroz i-Turbo with iRA

Tata Motors launches Altroz i-Turbo with iRA

25 Jan 2021 | 7:26 PM

Kolkata, Jan 25 (UNI) Tata Motors, India’s leading automotive brand, today announced
the launch of the i-Turbo variant along with iRA-connected car technology for its premium
hatchback, Altroz. iRA comes with 27 connected car features along with natural voice
tech, through which the car understands commands not only in English or Hindi, but
also in Hinglish.

see more..

Provide level playing field to Agri-NBFCs in Budget 2021-22: NAFA

25 Jan 2021 | 7:01 PM

Kolkata, Jan 25 (UNI) Agriculture and allied activities employ more than 50 percent of
the workforce and yet remain largely unorganized and fragmented.

see more..

SOSV leads pre-Series A funding round in live video commerce platform KIKO TV

25 Jan 2021 | 6:34 PM

MUMBAI, India, Jan 25, 2021 /PRNewswire/ - KIKO TV, a company that has built a solution for live streaming video commerce for the Indian market, has raised an undisclosed amount in its pre-Series A funding round led by the US venture capital fund SOSV and will be shortly graduating from their Mobile Only Accelerator (MOX) program.

see more..
image