kolkata

Indywood aims to turn India into global animation hub

Armed with a report prepared by KPMG, Sharjah-headquartered Aries Group promoted by Kerala-born NRI businessman Sohan Roy, is gearing up to turn films into the biggest and the most effective brand building tool in the years to come. The Indian film industry, according to an earlier report prepared by Deloitte-Indywood, is expected to grow at 11 per cent CAGR reaching $3.7 billion by 2020. That’s not all. In the coming years the volume of foreign direct investment will play a decisive role in conceiving and implementing mega projects.

Turning films into a brand building tool

Armed with a report prepared by KPMG, Sharjah-headquartered Aries Group promoted by Kerala-born NRI businessman Sohan Roy, is gearing up to turn films into the biggest and the most effective brand building tool in the years to come. The Indian film industry, according to an earlier report prepared by Deloitte-Indywood, is expected to grow at 11 per cent CAGR reaching $3.7 billion by 2020. That’s not all. In the coming years the volume of foreign direct investment will play a decisive role in conceiving and implementing mega projects.

Sanjiv Goenka plans aggressive FMCG push

Kolkata-headquartered diversified RP Sanjiv Goenka Group has drawn up an ambitious plan of notching up Rs 10,000 crore revenue from its new-found interest- FMCG business- over the next five years or so. “The group, which launched FMCG business 17 months ago, expects the business to turn Ebitda positive in the next fiscal year itself. It is also bullish about the fast growing western snacks segment and has lined up plans to eat a larger slice of the pie,” said Sanjiv Goenka, chairman, RP Sanjiv Goenka Group.

Ombudsman for digital transactions

The Reserve Bank of India on Wednesday said that it will set up an ombudsman for digital transactions. The move was prompted by the fact that with digital transactions gaining rapid pace over the past year, multiple issues such as failed transactions and wrong remittances have been cropping up.

Spencer’s rides retail growth

Spencer’s Retail, the multi-format retail flagship of the Kolkata-headquartered RP-Sanjiv Goenka Group is on an expansion spree. As starter, it is now focussing on expanding the store count in existing clusters in east, south and north of India. In this effort, Spencer’s essentially opened one store in every 10 days and thereby augmented the retail network of the chain recently by adding 9 new stores in 90 days. With this latest round of expansion, the store count of Spencer’s has now reached 146 across 37 cities.

Patton Group signs OEM contract with Mexico-based firm

While a number of global and transnational companies are now coming to India to start their business, India’s Patton Group is moving beyond borders. Close on the heels of foraying into warehousing business in the US, Patton International, has signed OEM (original equipment manufacturer) contract with Eaton Crouse Hinds of Mexico. 

Nordic bank, Srei in deal to finance equipment

The Nordic Investment Bank (NIB) and Srei Equipment Finance (SEFL), an arm of the Kolkata-headquartered Srei Group and a leader in construction and mining equipment financing, have agreed on a loan programme for financing the acquisition or leasing of industrial equipment designed or produced in the NIB’s member countries.

RINL open to long-term contracts with non-NDMC sources

State-run Rashtriya Ispat Nigam (RINL) is shrugging off its over dependence on NMDC in so far as sourcing of raw materials is concerned. In its endeavour and focus on raw material securitisation, RINL has already sourced one-third of the requirement recently from non-NMDC sources, said RINL chairman and managing director PK Rath.

Positioning in premium leisure travel

It is a new age travel solutions company, that promises to cater to travelers and not tourists. Hyperbole? Not really, if you consider the way V Resorts, the fledgling premium leisure travel chain specializing in providing boutique local experiences, is carefully building and positioning its brand.

Srei PAT at Rs 111 cr, Bhutoria new CEO

Srei Infrastructure Finance has roped in Rakesh Kumar Bhutoria as its chief executive officer. Bhutoria, who earlier was the head of commercial banking and strategic initiatives and a member of the steering committee at IDFC Bank, took over the charge on Wednesday. Before IDFC Bank he worked in senior leadership roles at Standard Chartered Bank, GE Capital and Crisil for the last two decades.

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