Equipment renting services Company provides bespoke solutions in the development and construction of infrastructure and real estate The Company has a large fleet of branded equipment which includes: tower cranes, passenger cum material hoists, boom placers, transit mixers, dumpers, excavators, and framework development of buildings/structures. The Indian management and maintenance market is estimated to grow at 17 per cent and cross USD 19 billion mark over the next five years. “The swiftly growing services sector is creating huge potential for FM services, which is anticipated to grow at a CAGR of around 17 per cent during 2015-2020 and reach to approximately USD 19.4 billion by 2020,” the report by Global Infrastructure Facilities and Project Managers Association (GIFPMA) said.
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.
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...
Gurgaon-based electric vehicle startup showcased its electric scooter named ‘Flow’ to be launched in the Auto Expo 2018, aims to sell 50,000 units in the first year. “We are confident. The charging anxiety is not there can remove the scooter battery and charge out from 5 Ampere socket. The scooter goes up to 80 km on a single charge have to charge only twice or thrice in a month," said Kharb, Co-Founder & CEO
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...
In domestic market, with around 19 percent it headed towards 23-25 percent because we have done very well over this season. We had tremendous retailing in excess of what we have invoiced to dealers good momentum going into the third quarter. We need to look what the industry is like but I do expect our market to be around 25 percent. On the back of Pulsar NS200 and NS160 doing very well.
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...
The seven companies include Adani Group, JSW Energy, Hinduja Renewables, Tata Renewables Energy, Azure Power. Cleantech Solar and Hero Solar Energy. The bank has outstanding loan of Rs 12000 crore to solar energy projects and bad loans are negligible in this sector. Aggregate capacity of 475 mw by availing a line of credit from World Bank. Rajnish kumar chairman.
Reliance Industries is the first Indian company to touch ₹6 trillion market-cap. RIL stock got a further push as Jio, its telecom arm, recently hiked tariffs earlier than anticipated. The stock added nearly ₹3 trillion market-cap since April after its telecom arm Reliance Jio started charging its customers.
Maruti Suzuki would look to achieve annual sales of 2.5 million cars by 2023 once it achieves the milestone of 2 million cars per year by 2020, Chairman RC Bhargava. Maruti Suzuki, a 56.21 percent subsidiary of Japan’s Suzuki Motor Corporation, sold 1.56 million vehicles (domestic plus export) in the last financial year. During the first seven months (April-October) of the FY18, India’s largest passenger carmaker sold 1,033,135 vehicles
Torrent's fifth acquisition in India after acquiring the selected brands of Elder and Novartis, as well as manufacturing plants from ZygPharma and Glochem Industries Ltd. in the last four years. Unichem's India business comprises of a portfolio of more than 120 brands in India and Nepal, manufacturing plant at Sikkim catering to these markets and all the employees engaged in the said business.
Leading telcom companies and PE funds interested in mobile tower and the fibre optic assets of Reliance Communication (RCom) that are up for sale. RCom, debt of 40,000 crore, able to garner 17,000 crore by monitising its tower, fiber and spectrum assests and 10,000 crore from sales of Real Estate.It has also suggested that the bankers convert around 7,100 crore of their loans into equity by which they would have a 51% stake in RCom.