Bright News

Mumbai, July 07, 2026: Kusumgar Limited, which is a manufacturer of woven, coated and laminated synthetic fabrics, referred to as engineered fabrics, has garnered Rs 193.9 crore from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, July 8, 2026.   The company informed the bourses that it allocated 46,28,877 equity shares at Rs 419 per share to anchor investors.   Some of the marquee institutions that participated in the anchor include Blackrock Global Funds - India Fund, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio and Kotak Mahindra Life Insurance Company.   Amongst equity- oriented schemes, the company has allocated shares to SBI Comma Fund, ICICI Prudential ELSS Tax Saver Fund, Tata Flexi Cap Fund and Mirae Asset Infrastructure Fund.   Out of the total allocation of 46,28,877 equity shares to the anchor investors, 31,26,805 were allocated to 9 domestic mutual funds through 18 schemes.   Axis ...

Bengaluru, India, 6 July 2026 , The Magnum Ice Cream Company (TMICC), the world’s leading ice cream business, has opened its new Research, Design & Innovation Centre in Bengaluru, India. Spanning 13,000 square feet, this future-ready facility houses a state-of-the-art laboratory and a digitally enabled pilot plant. Located in Whitefield, Bengaluru—India’s technology hub—the centre brings together ice cream science, culinary craft, packaging expertise, and consumer technical insights under one roof, supported by the city’s strong food science, supplier, and start-up ecosystems. Designed as a Creative Lab where science meets indulgence, the centre is established to accelerate consumer-led product and packaging innovation across Kwality Wall’s, Cornetto, Magnum, Carte D’Or, Feast, and Twister brands. Its capabilities span product and process development, packaging, consumer technical insights, and regulatory assessment, helping translate emerging consumer needs into products rooted in...

Dubai / Mumbai, 03 July, 2026 — Indian entertainment promoter Deepak Choudhary, Founder & MD of EVA Live (India & Middle East) & EVENTFAQS Media has found himself at the centre of a legal storm in Dubai, after court judgments reportedly barred him from leaving the UAE and froze his assets in connection with debts of approximately AED 2,993,058, ( ₹7.70 crore). According to court documents, one judgment issued by the Dubai courts on 11 June 2026 imposed a travel ban against Choudhary . A separate decision from the Dubai execution court reportedly ordered the freezing of his bank accounts, cards, properties, receivables and other assets for the purpose of enforcing payment of the outstanding debt. Choudhary was reportedly preparing to board a flight from Dubai to Mumbai from Dubai airport on 11 June 2026. The travel restriction was issued shortly before his departure, preventing him from leaving the UAE at the last moment. The claims reportedly involve allegations that sub...

Price band of Rs 398/- – Rs 419/- per Equity Share bearing face value of Re 1 each (“Equity Shares”) Bid/Offer Opening Date- 08 July, 2026 and Bid/Offer Closing Date – 10 July, 2026. Minimum Bid Lot is 35 Equity Shares and in multiples of 35 Equity Shares thereafter   Mumbai, 3 July, 2026: Kusumgar Limited has fixed the price band of Rs 398/- to Rs 419/- per Equity Share of face value Re 1/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Issue”) of the Company will open on 08 July, 2026 for subscription and close on 10 July, 2026. Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter. Equity shares outstanding as on date 104,991,372 Equity Shares of Re 1 each. The IPO is an offer-for-sale (OFS) for Rs 650 crore. The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net of...

●        Flipkart's GOAT Sale returns for its third edition, going live from July 4, 2026 , with Early Access from July 3, 2026, for Flipkart Plus and Black members ●        Flipkart has launched new TVCs featuring the GOAT mascot and Don the Buffalo, using humour, visual wordplay and Gen Z-inspired storytelling to spotlight smarter, more rewarding shopping choices ●        Customers can access some of the biggest offers on top brands across categories, with additional affordability through ICICI Bank, HSBC Bank, and Bank of Baroda offers, alongside benefits on the Flipkart Axis Bank and SBI co-branded credit cards Bengaluru, 3rd July 2026: Flipkart, India's homegrown e-commerce marketplace, has announced the return of its much-awaited third edition of GOAT Sale. Scheduled to go live on July 4, 2026, with Early Access from July 3, 2026, for Flipkart Plus and Black members, the sale brings custom...

Jammu/Srinagar, July 03, 2026 : Bharti Airtel today announced the expansion of its mobile network along the Amarnath Yatra pilgrimage, further strengthening connectivity for pilgrims, security personnel, and local authorities in the region. By deploying network sites at Chandanwari, Pissu Top, and Betaab Valley, Airtel has established network coverage along the crucial Pahalgam route , in addition to its existing presence at Baltal, thus providing uninterrupted connectivity leading up to the holy Amarnath cave shrine. The deployment was carried out in close coordination with the relevant government authorities and local administration to strengthen communications infrastructure during the Yatra. The enhanced coverage will provide reliable voice and data connectivity, support emergency communication, and improve digital access for the millions of pilgrims.  “At Airtel, we remain committed to connecting people, communities, and essential services, even in some of the most challeng...