Category: Industry

May 25

Capri Global picks up majority stake in CarLelo for Rs 150 crore

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 […]
May 25

Nikon India aims double-digit growth in FY24, expects India to be among top 3 markets

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 […]
May 23

India will not have a monopoly or duopoly in telecom sector: Ashwini Vaishnaw

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, […]
May 23

Bengaluru, Delhi-NCR and Hyderabad top 3 used car markets for Spinny

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 […]
May 22

Shanghai, Tokyo, Mumbai emerge as top data centre markets in APAC region: Report

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 […]
May 22

G20 group recognises importance of inclusive, collaborative decision-making to foster innovation in startups 

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 […]
May 18

Realtors buy 2,181 acre land since Jan 2022 for about Rs 26k crore: Report

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 […]
May 17

Considering extension of PLI scheme to some labour-intensive sectors: DPIIT Secretary

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 […]