NEW DELHI: Prime Minister Narendra Modi on Tuesday said India will become the growth engine for the world in the coming years, and the ease of doing business has improved with “mission-mode” reforms being undertaken by his government. Speaking at the Brics Business Forum Leaders’ Dialogue, PM Modialso said India soon will become a $5…
Representative Image New Delhi: Footwear sector revenue is expected to increase by 11 per cent, accompanied by a projected 4 per cent rise in volume according to a report by CRISIL Ratings. The operating margin is expected to grow by approximately 125 basis points to around 9 per cent due to lower raw material prices,…
On August 22nd, Tollywood’s beloved Megastar Chiranjeevi turned 68, and the industry and his fans came together to shower him with love and birthday wishes. While the superstar, born as Konidela Sivasankara Varaprasad, has had a career spanning over four decades, his energy, charisma, and incredible acting prowess continue to awe audiences worldwide. Read Also…
Representative Image Tata group company Titan, which agreed to purchase CaratLane founder Mithun Sacheti‘s stake in the omnichannel jewellery retailer for Rs 4,621 crore, is expected to buy employee stock options (ESOPs) held by CaratLane employees for around Rs 340-350 crore, or approximately $42 million, people aware of the discussions said. The company has around…
The sale of Future Lifestyle Fashions (FLFL) under the corporate insolvency process has run into a roadblock due to a conflict of interest between promoter Kishore Biyani and the forensic auditor appointed by lenders, people aware of the development said. Dilip Dixit had undertaken an assignment for one of the Biyani-promoted company before FLFL was…
15th Brics summit: PM Modi to depart for Johannesburg on Tuesday Source link
Representative Image The Indian hosiery industry will stitch up revenue of Rs 36,000 crore this fiscal, 18-20% higher on-year, riding on a revival in rural demand. Operating margin will expand 300-400 basis points (bps) on softer input prices and improved capacity utilisations. A CRISIL Ratings analysis of 28 hosiery makers, accounting for a third of…
Mithun Sacheti, founder, Caratlane Mithun Sacheti founded online jewellery selling platform CaratLane in 2008 along with Srinivasa Gopalan. On Saturday, he scored one of the most successful exits by an Indian consumer internet entrepreneur when he sold his 27% stake to watchmaker Titan for Rs 4,621 crore. Sacheti, 44, first brought the Tata group company…
Representative Image Indore: With less than a fortnight left in Rakshabandhan that marks the start of the festival season, readymade garment industry of Indore eyes a double digit jump in business amid increase in orders for readymade garments from outstation markets of India. Indore is a hub for ready-made garment manufacturers with presence of more…
With multiple stakeholders in the family business, succession planning is not only important to pass on the group wealth to the next generation but also to avoid bitter disputes. Yet only 19% of Indian businesses have conflict resolution mechanisms in place, according to a family business survey by PricewaterhouseCoopers (PwC) India in 2023. Just 34%…
