Sep 21, 2016 at 20:29 | Source: CNBC-TV18
UK based telecom giant Vodafone Plc is expected to announce a huge fund infusion to the tune of USD 5 billion in its Indian arm, reports CNBC-TV18s Nisha poddar quoting sources.
Sep 21, 2016 at 18:30 | Source: PTI
Kalyan Jewellers has earmarked Rs 900 crore for its expansion plan during the current financial year, which includes setting up of two new showrooms in city, the company said today.
Sep 21, 2016 at 15:22 | Source: Moneycontrol.com
Rubfila International Ltd has informed BSE that a Meeting of the Board of Directors of the Company is scheduled to be held on September 30, 2016 to discuss and finalise the expansion plans for the Company.<
Sep 21, 2016 at 12:00 | Source: Moneycontrol.com
Owners Tata Sons and Singapore Airlines are reportedly planning to infuse Rs 250 crore via rights issue into the airlines to aid these plans. Last month, Rs 150 crore has been invested into the company.
Sep 18, 2016 at 12:52 | Source: PTI
Hardcastle Restaurants, thefranchisee of McDonald's for West and South India operations,plans to invest Rs 750 crore in next 5-7 years to double theoutlets of the fast food chain to 500 in the two regions.
Sep 14, 2016 at 10:30 | Source: PTI
The company, which follows September-August calender, said its expansion plans to open first stores in India and Serbia are on track.
Sep 14, 2016 at 08:34 | Source: Reuters
The Bank of Japan plans to make its controversial negative interest rate policy the centrepiece of future monetary easing, promising to weigh further cuts as expansions to asset buying near their limits, the Nikkei newspaper reported on Wednesday.
Sep 11, 2016 at 11:20 | Source: PTI
M&B Footwear, which markets brand Lee Cooper footwear in India, is looking to raise up to Rs 100 crore to fund its expansion plans which includes opening standalone outlets and bringing in new foreign brands in the country.
Sep 08, 2016 at 08:54 | Source: Moneycontrol.com
Fusion burger chain Burger Singh has secured additional investment taking the total fundraise to USD 1 million. The company plans to use the proceeds of the investment to expand beyond Delhi and Gurgaon.
Sep 07, 2016 at 17:50 | Source: PTI
Covestro AG, which was formerly apart of Bayer Material Science, sees India as a formidablepart of its APAC (Asia Pacific countries) growth strategy, asenior company official said.The German polymer major Covestro officially separatedfrom the Bayer Group last year and has successfullyestablished itself in the international capital market with abig stock market flotation."Covestro strongly believes in the APAC (Asia Pacificcountries) region; especially India which has been witnessinga double-digit growth. India comprises roughly 20 per cent ofour APAC revenues and it will be a formidable part of theCovestro growth strategy in the region," Covestro's ChiefFinancial Officer Frank Lutz told reporters here.Though China accounts for over 50 per cent market sharein APAC (Asia Pacific countries), the future growth willcome from other countries, especially India, he said.Covestro is looking at India as a growth driver incoming years and expects robust rise in demand for itspolymers."India is a growing market and holds lot of promise.The three key industry verticals driving the growth forpolymers and polycarbonates in India are automotive followedby IT and electronics and home furnishing. Automotive industrycontributes approximately 25 per cent of our revenues in thecountry," Covestro India Managing Director Ajay Durrani said.This one year of being an independent entity has helpedCovestro evolve as a global manufacturer, he said.Covestro supplies polymers especially polyurethanes andpolycarbonates and other specialty chemicals to key industriesaround the world, such as the automotive, construction,electronics, furniture, sporting goods and textilesindustries.As part of major expansion plans, Covestro India hadcommissioned a second line for production of thermoplasticpolyurethanes (TPU) in Cuddalore in Tamil Nadu last year,thereby increasing the capacity of the site to 6,000 metrictonnes from its current capacity of 2,500 metric tonnes.Durrani said, "The investment in Cuddalore is a testamentto the confidence that the company has in the country. BayerMaterialScience is now even better positioned to meet thestrong global and local demand for TPU."Over the past 12 months, Covestro AG has completed acomplex transformation process.Lutz, said the first year for Covestro as an independententity has been busy with the materials manufacturer clockinga strong net year-on-year income growth of 51 per cent. "The continued dynamic core volume growth stood at 7.7per cent year-on-year. EBIDTA has also significantly improvedby over 18 per cent and all debts taken from the parentcompany - Bayer have been repaid in full," he said. Covestro has 30 production sites around the globe andemployed approximately 15,700 people (full-time equivalents)as of the end of the second quarter of 2016..