In fuels marketing, Reliance has also formed a new JV with BP last year to create a world-class fuel retailing network in India. Over the next 20 years, India is likely to be the fastest growing fuels market. The new JV company will assume ownership of RIL's existing fuel retail network and aviation fuel business. … [Read more...] about Reliance’s partnership with Saudi Aramco not a retreat from energy business: Report
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In the US, the second-hand clothes market was worth $24 billion in 2018, whereas, the fast-fashion figures stood at $35 billion, as per the report. Some suggest that it has to do more with a rise in e-commerce as buyers are no longer required to hunt or rummage for used clothes only in thrift stores. … [Read more...] about Is used-fashion industry ready to take on the fast-fashion business in India?
Commenting on the growth of the hospitality sector in the country, Bakaya said: "The issue in India still remains the cost of capital. A longer time frame of 15 to 18 years for loan repayment at an interest rate of 10 to 11 per cent will have a very positive impact for the sector." … [Read more...] about Sarovar Hotels to add 15 properties across India by 2020-end
Bharti Realty has a portfolio of over 5 million sq ft of Grade-A commercial real estate space. Some of the developments include Bharti Crescent, New Delhi; Airtel Centre, Gurugram; and Worldmark, New Delhi. It already has 2-3 properties in Delhi's Aerocity, named 'Worldmark Aerocity', comprising fully-leased 1.5 million sq ft area. … [Read more...] about Bharti Realty ties up with Asthetic Township to build commercial project in Gurugram at Rs 350cr
Providing a major relief to Raheja Developers, the National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against the NCR-based real estate firm and handed over the management of the company back to its board of directors. … [Read more...] about NCLAT sets asides insolvency proceedings against Raheja Developers