Category: Retail

Arvind SmartSpaces looks to cross Rs 1,000 crore mark in four years

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Textile stocks like Arvind are in focus after Reserve Bank of India discontinued issuance of Letters of Undertaking and Letters of Comfort for trade credit. Arvind SmartSpaces, the realty arm of the fashion and apparel firm, is looking to cross the Rs 1,000-crore revenue mark in the next four years.

In an interview with CNBC-TV18, Kulin Lalbhai, Executive Director of Arvind said that over the last four years, the company has become a completely independent entity, developing  new parcels of land.

Over the next three years, the company plans to have another 8 million square feet developed primarily in Bangalore and Ahmedabad. “We are focused on the mid-income residential segments in these two cities and we have recently made a foray into Pune”, said Lalbhai.

He believes that the government’s focus on home ownership will create a lot of primary demand. “We will definitely be in the affordable and the mid-income residential space”, he added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Coca-cola turns to ‘ethnic’ drinks for Indian market

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

One of the leading cola makers in the world Coca-Cola is planning to launch ‘ethnic’ drinks and fruit juices in India with an aim to localize two-third of its product portfolio in the country.

Coca-Cola India and Southwest Asia president T Krishnakumar was quoted as saying, “The idea is that over a period of time we may have one-third of products which are basically global and two-third of the products which are very local.”

Considering that India is the second-largest producer of fruits in the world, the company hopes that the fruit based drinks will have huge demand.

The company has already started test marketing its coconut water brand ‘Zico’ in India.

“We are looking at ‘nariyal pani’. It is something that we believe is very important. The company would be launching new products in the ethnic beverages category over the next three years”, Krishnakumar added.

Apart from ethnic drinks and fruit juices, the company also plans on reducing sugar content by introducing low-sugar and sugar-free drinks to meet changing consumer preferences. It is also considering launching hydration drinks.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Will probably need 22-23 million pound this year: Koovs

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Demonetisation was a huge blow to the ecommerce space, but things are looking up now. That’s the word coming in from Lord Waheed Ali, Executive Chairman of Koovs, an online shopping portal for apparel. Speaking to CNBC-TV18’s Ashpreet Sethi he also said that company is looking to raise around 23 million pounds this year.

I have seen some reports that say we are looking for about 50 million pounds, I think that would be the region that we are looking at, probably we would want something like 22-23 million pounds this year to help us in expansion, he said.

Watch accompanying video for more…

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow