Before Viom Networks, Syed, who studied at Wharton, US, had worked with Reliance Communications, Bharti Airtel and Coca-Cola.

The business is split in three verticals, services, products and skilling. The services which include slimming and diet planning is the oldest and most known.

Beauty & wellness co expected to spend Rs 100 crore on acquisition, integration and category development of on-demand beauty services startup.

LCC is now further extending its presence in the high-growth Fast Moving Healthcare Goods (FMHG) segment, with its foray into the nutraceuticals and cosmeceuticals segment.

The plan is to launch six such centres in Saudi Arabia in the next 3 years with an estimated investment of over AED (Arab Emirates Dirham) 30 million (around Rs 52 crore).

With the opening of more institutes, VLCC is eyeing a 35 per cent year on year revenue growth. In FY 2018, it had a turnover of Rs 55 crore for the skilled business.

Khosla’s mandate will be overseeing the firm’s wellness centres, personal care products and its institute of beauty and nutrition, across Middle East, Africa and CIS countries.

Sanitisers, available in two sizes 50 ml and 500 ml, are marked at a price of Rs. 25 and Rs. 250 respectively, the company said. In addition to pharmacies, general stores, and VLCC wellness centers, customers can also buy VLCC hand sanitisers from e-commerce platforms such as Amazon, Flipkart, Snapdeal and Nykaa.

VLCC currently operates 20 centres across UAE, Oman, Bahrain, Qatar and Kuwait.

To mark the occasion of Anti Obesity Day on November 26, the company would provide DNA scan to individuals at its centres countrywide and also educate them on issues leading to the problem such as weight gain, exercise and food habits etc.

Daewoo Shipbuilding & Marine Engineering signed on September 4 a contract to build five very-large crude carriers bigger than 300,000 tons with Hyundai Merchant Marine. The price tag for the deal is estimated at 470 billion won, with an option to build five more. At the signing ceremony, Daewoo Shipbuilding CEO Jung Sung-leep and Hyundai Merchant Marine CEO Yoo Chang-Keun were in attendance with other executives. With the latest ship orders, Hyundai plans to upgrade its fleets. Earlier ...