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The theft occurred when the accountant and other staff members were absent, attending to a task at a nearby bank

Sudal Industries, an aluminium products manufacturer, has become the first Indian company to get a debt resolution from banks under the insolvency pre-pack mechanism introduced for micro, small and medium-sized businesses (MSMEs). Only six cases have been admitted by NCLT under the pre-pack insolvency resolution process that was introduced in 2021 for the MSME sector to ensure that financial stress faced by smaller companies is resolved quickly for the overall health of the economy.

Ecommerce Growth: The order volume growth of India’s ecommerce industry slowed from 69.4% in fiscal year 2022 to 26.2% in FY23, according to data from ecommerce enabler Unicommerce.

Athleisure: Sales of semi-casual or smart casual office wear, including denims, chinos, polos and casual shirts and sneakers are growing at a faster pace than traditional formal wear, according to retailers. The trend reflects an increase in employment in the services, financial and IT sectors, where formal wear has been replaced with “Friday dressing” for everyday use.

The unnamed man lived in the northwestern part of Delhi while his office was in Gurugram. He also realised that due to the long commute, he only had 3 hours of free time excluding the hours of sleep.

The move was first reported by the Wall Street Journal, which said the company has decided to eliminate 27 of its 30 in house-label clothing brands, leaving it with just Amazon Essentials, Amazon Collection and Amazon Aware.

A 57-year-old Khar woman lodged an FIR on Tuesday at the Khar police station against the directors of Orbit Ventures Developers including Dhruv (55) and three others.

The second round of Tamil Nadu Engineering Admission (TNEA) 2023 counseling began on August 9, 2023. Candidates can choose their seats until August 11, 2023.

Consumer Goods: Margins are on an upward trajectory for most companies from December quarter with year-on-year reduction in inflation and raw material costs. This led to a recovery in advertising and promotion spending as well which last quarter almost touched at par with pre-Covid levels.

Coffee Prices: A shortage of coffee beans around the world, in particular due to weather problems in India and lack of supply from Brazil and Vietnam, has led to domestic market prices rising steeply. A well-known coffee trader in Pune, Gandhis Coffee, said he had to pass on a Rs50/kg price hike to customers.