[ad_1] India’s economy is poised for continued growth, with projections of 7% to 8% in the coming years, according to Ashok Vaswani, MD and CEO of Kotak Mahindra Bank. That will require a significant increase in private sector capital expenditure (capex), which is crucial to reaching higher growth targets, Vaswani added. “Unless there’s something which […]
Aditya Birla Capital invests ₹300 crore in housing finance unit via rights issue – CNBC TV18
[ad_1] Aditya Birla Capital Ltd (ABCL) has announced an investment of ₹300 crore in its wholly-owned subsidiary, Aditya Birla Housing Finance Ltd (ABHFL), through a rights issue of equity shares. The investment aims to support ABHFL’s growth and enhance its leverage ratio. As ABHFL is a wholly-owned subsidiary, the transaction, while classified as a related […]
From PepsiCo to P&G, India becomes next big growth bet as China lags – CNBC TV18
[ad_1] India has become the next big bet for PepsiCo, Unilever and other packaged goods giants looking to fill the growth vacuum left by an uneven recovery in China. With India’s economy expanding at the fastest pace among major emerging markets, companies are trying to serve its diverse palette by launching new flavors and size […]