Vinod K Dasari, CEO, Royal Enfield, said, “Over the last couple of years, we have grown our international presence significantly and now have retail presence across 60 countries. With a strategic view to cater to growing demand and to gain significant market advantage, we have been pursuing our plans to set up local assembly units across specific markets in the Asia Pacific region and across South America." … [Read more...] about Royal Enfield to set up an assembly unit in Argentina, its first outside of India
Mexico retail properties
"We estimate credit cost to remain elevated over the next few quarters while lower our business growth assumptions. We thus cut our FY20 and FY21 earnings by 13 percent and 22 percent, respectively, and estimate the bank to deliver FY21E RoA and RoE of 1.7 percent and 14.3 percent, respectively. We reduce our target price to Rs 800 which corresponds to 1.3 times forward ABV," Motilal Oswal said. … [Read more...] about IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead
“We of course understand the recent pandemic has had an impact on all cities and retail environments, but we are confident in our future,” a spokesperson writes. “Our strategy is to be close to where many people live and work, and we believe in the long-term potential for 6×6.” … [Read more...] about Ikea and Ingka Centres’ $260 million bet to rehab a mall in downtown San Francisco
In normal times, owners of large office buildings would typically not entertain a one- or two-year lease extension for a large tenant, said Franklin Wallach, senior managing director of the New York Research Group at Colliers. “They see that new leasing activity has dropped off while the amount of sublet space coming into the market is on the rise, so the average landlord wants to keep the tenant in the building.” … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?