Business briefs

Updated: Sep 29 2023 10:15PM

Awespace Ventures to raise up to USD 25 million Mumbai, Sep 29 (PTI) Transaction advisory firm Awespace Ventures on Friday said it is planning to raise up to USD 25 million to fund its growth.

The company is mulling entry into the rental management services business, and assured property owners of an annual yield of 21.5 per cent, as per an official statement. **** Marico CEO Saugata Gupta appointed Asci chairman * FMCG firm Marico's Chief Executive Officer Saugata Gupta was on Friday appointed as the chairman of the advertising industry's self-regulatory body Asci.

Partha Sinha from Bennett Coleman & Company Ltd was elected the vice-chairman, while Pidilite's Sudhanshu Vats was appointed as the treasurer, as per a statement. **** CITI elects Rakesh Mehra as chairman for 2 years * The Confederation of Indian Textile Industry (CITI) on Friday said Rakesh Mehra has been elected as its chairman for two years and Ashwin Chandran as the deputy chairman.