Vlcc

Carlyle acquired a 66 percent controlling stake in VLCC in January 2023 from its founders Vandana and Mukesh Luthra for around $300 million

Acquired at 40% discount, Ustraa says its valuation can increase 6X in 3 years

Ustraa’s Rs 250 crore deal with VLCC also took some by surprise because The Good Glamm Group had put around Rs 490 crore on the table to acquire Ustraa last year, sources told Moneycontrol. The deal did not materialise because of internal reasons, they added.

VLCC to acquire men’s grooming brand Ustraa

Ustraa’s existing investors — Info Edge, 360 One (formerly IIFL Ventures) and Wipro will become shareholders of VLCC. 

IOC, HPCL in talks with Iraqi oil co on strategic reserves

India in March asked the state refiners to each seek two very large crude carriers (VLCCs) of Iraq's Basra crude oil for arrival in May-June totalling 8 million barrels for the reserves in the coastal city of Vizag in southern Andhra Pradesh state.

Positive about Q3; will be able to maintain momentum: SCI

AK Gupta, chairman and MD, Shipping Corporation of India (SCI) details his company‘s second numbers. He is positive about the third quarter and says SCI will be able to maintain momentum.

VLCC seeking to invest $20m in Bahrain

Indian health and wellness brand VLCC is looking to invest USD 20 million in developing a manufacturing facility in Bahrain as part of its ongoing expansion across the Middle East.

VLCC to spend Rs 200cr over next two years aiming expansion

Riding high on the growing demand for skincare products, wellness and beauty company VLCC said it plans to launch a new range of products in the anti-pollution category and will spend around Rs 200 crore over the next two years on domestic and overseas expansion.

Head for a spa to beat summer heat

As the mercury continues its unrelenting upward climb this summer along with haunting problems of dry and sunburnt skin and increased lethargy as well as dullness, people are heading to the nearest spa to beat the heat and gain rejuvenation.

GE Shipping cuts shipping exposure; to focus on offshore

Great Eastern Shipping Co is planning to redeploy cash from its shipping business, where it is cutting exposure by selling three large vessels, and focus on offshore segments, a senior official said.

Oil prices rise as Egypt woes stoke mkt doubt: Argus Media

Crude is on the boil. Brent crude oil price crossed the USD 100 per barrel mark, amid the market struggling to deal with rising inflation. Egypt’s escalating political turmoil is the main cause of concern at the moment, says Jason Feer of Argus Media, in an interview on CNBC-TV18.