Mumbai (Maharashtra) [India], January 28 (ANI): Aditya Birla Fashion and Retail Ltd (ABFRL) has announced a strategic partnership with India's largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 per cent stake in Sabyasachi brand.
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Push for artificial intelligence: India is turning from man to machines to get its economic data rightBy Vrishti Beniwal, Bloomberg
Last Updated: Jan 28, 2021, 08:25 AM IST
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The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.
India is turning from man to machines to improve the quality and speed of its economic data, which has been criticized as inadequate, delayed or even confusing due to sharp and unexpected revisions.
Aditya Birla Fashion acquires 51 pc stake in Sabyasachi theuknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theuknews.com Daily Mail and Mail on Sunday newspapers.
Govt may increase customs duty on certain components in Union Budget 2021: Sources By Shailesh Yadav | Updated: Jan 27, 2021 15:49 IST
New Delhi [India], January 27 (ANI): Union Finance Minister Nirmala Sitharaman will present Prime Minister Narendra Modi-led NDA government s eighth budget on February 1 amid the COVID-19 pandemic and under the unprecedented economic crisis triggered by it. This time, the Central Government may increase the customs duty on certain components, sources told ANI on Wednesday.
According to the sources, to boost the Make in India initiative, the Centre is considering increasing customs duty on certain parts of various components. Sources added that discussion and deliberations on various proposals are still going on, but no final decision had been taken yet.
Aditya Birla Fashion and Retail to buy 51% stake in Sabyasachi for Rs 398 crore
Sabyasachi had FY20 revenues of Rs 274 crore and Aditya Birla Fashion and Retail Ltd paid Rs 398 crore for the stake purchase.
Designer Sabyasachi Mukherjee. (Image: Twitter @SabyaOfficial)
Aditya Birla Fashion and Retail Ltd (ABFRL) has entered a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 percent stake in the brand, the leading fashion company announced on January 27.
Sabyasachi had FY20 revenues of Rs 274 crore and ABFRL paid Rs 398 crore for the stake purchase.
In a disclosure to the exchanges, the Aditya Birla group firm said, “Sabyasachi is India’s largest and most influential luxury designer brand with strong Indian roots and global appeal. The brand straddles categories such as apparel, accessories and jewellery and has a strong franchise in India, US, UK and the Middle East. The ABFRL platform will complement b