Ujaas Energy Ltd is targeting a market capitalization of atleast 1 billion US dollar...

 According to Statistics, the Solar Power will soon become one of the biggest contributors to India’s huge appetite for power. Solar Power will help in meeting the ever increasing power demands of our shining nation. Company is the first company to generate & sell Solar REC in the country from its solar power plant of 2 MW commissioned in March 2012 at Rajgarh (Madhya Pradesh). Now the company has the market cap of Rs 500 Cr.

Raymond to replace 10,000 jobs with robots in next 3 years

Textile major Raymond is planning to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology. Explaining the move, Raymond CEO Sanjay Behl said the company employs over 30,000 staff in their 16 manufacturing plants in the country. "Roughly 2,000 work in each plant to scale down the number of jobs to 20,000, through multiple initiatives in technology. One robot could replace around 100 workers. While it is happening in China at present, it will also happen in India," he said, adding that the sector was very manpower intensive.

Future group target 1 lac crore revenue by year 2021 : Kishore Biyani

Kishore Biyani wants to take his group's revenues from Rs 18,000 crore now to Rs 1 lakh crore by 2021, eyeing a jump of almost six times. Biyani is looking at a compounded growth rate (CAGR) of 33 per cent. He believes even if 10 million people shop for Rs 100,000 each every year at his stores, it can get him to Rs 100,000 crore. It has grown a CAGR of 10.18 per cent between FY11 and FY15. The organised retail segment, which is eight per cent of $550 billion Indian retail, has grown about 25 per cent CAGR in the past five years and expected to grow at a similar clip in the next four years, according to Technopak estimates. Biyani wants to fund the growth through internal cashflows and not through debt. Biyani, it appears, is aiming to grow faster than the largest retailer - Mukesh Ambani's Reliance Industries - which has grown at a clip of 54 per cent CAGR over the past five years and overtaken Future Retail as the country's largest retailer. Reliance Retail, which had set a target of Rs 50,000 crore by 2016, posted a turnover of Rs 17,640 crore in FY15.

Infosys Rs 13,000 cr buyback to open on Nov 30

India's second largest IT company Infosys  said its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. Outlining the buyback dates in a regulatory filing,...

Sebi bans Swarnabhumi Agritech India, directors from markets.

New Delhi, Nov 17 (PTI) Regulator Sebi has banned Swarnabhumi Agritech India Ltd and its four directors from the securities market for at least four years and has directed...

USFDA issues waring letter to Lupin’s Goa, Indore plants

USFDA issues waring letter to Lupin's Goa, Indore plants The US Food and Drug Administration (FDA) has issued a warning letter to Lupin for violation of current good manufaturing practice...

Vision Document projects Indian textile and apparel exports to grow from $39 billion to...

India is the world’s second - largest textile producer after China. It has a large raw material base and Capable of producing a wide variety of textiles and end products. India has one of the most cost competitive textile manufacturing base for all types of products across the entire value chain. Labour cost in India is lower than most of the competing countries except Bangladesh, Ethiopia and Kenya. Although power cost is on the higher side but still cheaper than China and Cambodia. Buyers look at India as the next alternative of China as it offers big domestic market, better adherence to compliance and political stability. Government of India, National Textile Policy, vision Document projects Indian textile and apparel exports to grow from $39 billion to $300 billion by 2025.

MRF Tyres Onboards 42Gears Mobility Management Suite

42Gears Mobility Systems, a leading provider of digital workspace technologies, announces that MRF Tyres has selected 42Gears EMM Solution to provide secure access to MRF product application on the...

British Nutritions Launches Completely Balanced Nutritional Protein Supplement for the Entire Family

A British Nutritions company, announced the launch of unique nutritional supplement for the entire family 'B Sure' at JP Cordial hotel, Bengaluru. "In our mission towards the wellness of the...

By 2020, Yes bank will be the top three credit card with 15-18 %...

“ By fiscal year 2020, we will be the top three credit card players of the country with 15-18 % market share,” said Pralay Mondal, senior group president of retail and business banking of Yes bank. Yes Bank will be offering interest rate of minimum 1.2% per month on its credit cards for which high networth customers are eligible. The industry average stands at 3.4% per month. As on March 2016, there are 24.50 million credit cards in the country with HDFC Bank Ltd. leading the chart at 7.28 million, followed by ICICI Bank Ltd at 3.65 million and SBI Bank Ltd at 3.62 million. Mondal said that “market share is skewed which provides opportunity for us. The current credit penetration is 2% in the country which is expected to be 5% in next five years. The incremental 3% growth provides huge opportunity for new players like us.

Paytm mall to offer accidental damage cover to smartphones

Paytm Mall today said it will offer smartphone buyers 'Mobile Protection Plan' to safeguard their devices against accidental damages. This plan will offer year-long coverage against accidental damage including screen...

Kwality Limited aims to increase the share of retail sales to 70% from a current 32%...

Moving forward,by investing a sizeable amount of capital to expand production capacities and producing value added products, the Company aims to increase the share of retail sales to 70% from a current 32% of its turnover in 3-4 years. Just recently, Kohlberg Kravis Roberts (KKR), one of the largest Private Equity firms globally, showed their faith in our story by supporting us upto Rs. 520 crore through structured debt. This is a strong validation of our transformation strategy and our long-term goals to shift our business model towards the retail segment and become a foods company with dominant brands. We believe that this relationship would evolve over a period of time.