Eveready hikes prices of dry cell batteries

Dry cell batteries major Eveready Industries India has hiked the prices of its batteries.
"Excise duty on batteries has gone up by 2 per cent, after the concessional rate of excise duty earlier allowed for consumer durables was not extended beyond December, 2014.
The same quantum is now being recovered through price increases with immediate effect by rationalisation of trade margins," Eveready Managing Director Amritanshu Khaitan said in a statement today.
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Entertainment firm #fame raises $10 mn from TTN Ventures * Digital entertainment company #fame today said it has raised USD 10 million from TTN Ventures for scaling up operations.

"We shall use the funds to scale-up our original digital business, grow emerging talent network, invest in technology and expand regionally in Asia," the company said in a statement issued here.
The latest venture financing follows a USD 3 million investment done by the same fund in the company before it began operations.