Raymond Shareholders Back Gautam Singhania's Continued Role as CMD
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"The company's shareholders, at its AGM held on June 27, approved the re-appointment of Singhania," Raymond Ltd said in a regulatory filing, adding that the AGM commenced at 3 pm and concluded at 4.05 pm.
India Inc. Expected to Maintain 15-18% Operating Profit Margin in Q1 FY25: Report
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According to Kinjal Shah, Senior Vice President and Co-Group Head–Corporate Ratings at ICRA Limited, " Fourth quarter of FY2024 has seen 5 percent year-on-year and 6.3 percent sequential growth in revenue for corporate India." He mentioned that such stellar growth is witnessed on the back of strong demand witnessed across consumer-facing sectors like airlines, hotels, automobiles, and FMCG segments. Power and construction sectors also showed excellent growth.
Lenskart Raises $200 Million from Temasek and Fidelity, Reaching $5 Billion Valuation
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With this, the company, founded by Peyush Bansal, has raised close to $1 billion in the last 18 months. According to Avendus Capital, the startup's financial advisor, this is one of the largest rounds at this growth stage anywhere in the world.
IvyCap Ventures Successfully Concludes 'Fund III' at Rs 2,100 Crore
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This latest fund, ‘Fund III’, is earmarked to back approximately 25 companies at the Series A level, with initial investments averaging between Rs 30-50 crore.
P&G India Names Kumar Venkatasubramanian as New CEO
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This transition marks the departure of LV Vaidyanathan, who, after dedicating 28 years of service to P&G, will be moving on to pursue other endeavors, as stated in an official announcement.
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