He started a fund with Rs 800 crore and made several investments.
In the last few years, zero per cent financing has become quite attractive as consumers aspire to buy the latest products, especially in categories such as mobile phones and television sets.
While one of them is on the verge of opening, three others are expected to come up in the next three years.
Urban and rural FMCG sales growth data for the last five quarters show the latter outperformed the former consistently.
As many as 25-30 new products, upgrades and variants will be launched by the Mumbai-based company in the second half of the financial year, even as hope of a demand turnaround remains distant.
Earlier, its attempts to monetise properties, including the 22-storeyed Air India building in Nariman Point, saw lukewarm response.
With Big Bazaar Direct, the company franchisees will visit customers to take orders and the products would be delivered in three to seven days.
About two dozen car & SUV models and two-wheelers lined up for launch
Consultants say those selling imported consumer durables, apparel, food products, furniture, etc, are the ones hit the hardest.
Recovery in US gives extra boost to IT/ITeS office deals in Bangalore and the National Capital Region.
As home deals are down to a trickle, most are looking at life beyond broking.
120 new malls came up in last two years, but 30-40 of their older peers downed shutters
The 36 new properties, which will also include expansion across two new countries, will add 5,431 rooms.
The US-based auto maker told the government an internal probe had revealed the company had violated testing targets
Real estate loans could become NPAs for banks.
The Chakan plant, which produces the KTM and Bajaj brands, is at present operating with manpower little more than half its total strength.
Tata Motors' passenger vehicle sales stood at 229,325 units in the last financial year, registering a market share of just 8.9 per cent.
Mumbai-based LocalBanya is looking to expand to Pune and Delhi as part of its growth strategy.
Between Kotak, Shapoorji and HDFC, fund managers have raised $700 million from investors