Capri Global Holdings (CGHL) has acquired 51 percent stake in CarLelo, an online multi-brand new car selling platform for a strategic investment of Rs 150 crore. This the company says reinforces Capri Loans’ position as a key player in the Indian automotive financing market while driving digital transformation and enhancing the consumer experience. Capri Loans […]
Japanese imaging products maker Nikon expects around 11 per cent volume-driven growth in India in the current fiscal, touching its top-line to Rs 1,000 crore-mark, and expects the country to be among its top three global markets, according to top company officials.Growth in the current year will be led by increased mobility, growing penetration and […]
Ravneet Kaur on Tuesday took charge as the Chairperson of the Competition Commission of India, becoming the first woman to hold the post on a full-time basis.Kaur, a 1988 Punjab cadre IAS officer, will be the fifth full-time Chairperson of the fair trade regulator, which started functioning in 2009. “Hon’ble Union Minister of Finance & […]
India will not see a monopoly or duopoly in the telecom sector with state-owned BSNL emerging as a ‘very stable’ player, Telecom Minister Ashwini Vaishnaw has said.Speaking at the Express Adda on Saturday, he allayed concerns of a duopoly emerging in the market with weakening financials and dropping market share of Vodafone Idea Ltd. “No, […]
Spinny, a used-car retailing platform has shared insights of sales in the first quarter of CY2023. The company says it saw considerable growth in demand for used cars, especially from Tier 1 and Tier 2 cities, of which 65% are first-time car buyers (January 2023 to April 2023) as compared to 60% in 2022. It estimates […]
Shanghai, Tokyo and Mumbai have emerged as the top data centre markets in the Asia-Pacific region, according to Knight Frank.International property consultant Knight Frank has come out with a ‘Data Centre Q1 2023’ report, in partnership with leading data centre research and analytics platform DC Byte. The report focuses on nine rapidly emerging markets in […]
An engagement group under the G20 recognised the importance of inclusive and collaborative decision-making processes to foster innovation and growth in the global startup community, India’s Startup20 chair Chintan Vaishnav said on Monday. According to an official statement, the first draft of the core recommendation and policy directives of the policy communique is now available […]
Real estate developers have acquired nearly 2,200-acre land parcels since January last year for around Rs 26,000 crore, mainly to develop residential projects, according to JLL India.In a statement, real estate consultant JLL India said that the developers have acquired around 2,181, acres of land area in the last 17 months (January 2022-May 2023) valued […]
The benefits under the production-linked incentive (PLI) scheme are yielding positive results and there is an intention to roll out these support measures for more labour-intensive sectors such as toys, leather and footwear, a top government official said on Wednesday. The government provides financial incentives under the PLI scheme to as many as 14 sectors […]
Jindal Steel and Power Ltd (JSPL) on Tuesday posted a nearly 70 per cent decline in its consolidated net profit to Rs 465.66 crore for the March quarter of FY2022-23 due to higher expenses.The company had clocked Rs 1,527.04 crore “net profit after tax from continuing operation” during the January-March quarter of 2021-22, JSPL said […]