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GOA has the potential to become a big investment destination: GOA Chief Minister

New Delhi The state of Goa has been growing at the rate 10.88 percent between the years 2015-16 and 2019-21 due to faster growth in sectors like mining, pharmaceuticals, and tourism, stated Goa chief minister, Pramod Sawant, Chief Minister of Goa at the ASSOCHAM Foundation Week in the Session on Goa- organized by The Associated Chambers of Commerce and Industry of India (ASSOCHAM). Sawant mentioned that Govt. of Goa has prepared a roadmap for the future of Goa. “Our…

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GIC To Invest ₹ 5,512.5 Cr In Reliance Retail Ventures

New Delhi Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that GIC will invest ₹ 5,512.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh cr. GIC’s investment will translate into a 1.22% equity stake in RRVL on a fully diluted basis. Reliance Retail Limited, a subsidiary of RRVL, operates India’s fastest growing and most profitable retail business serving close to 640…

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Turning the tide of gig economy in the country

New Delhi Amway India, one of the country’s leading FMCG direct selling companies is making significant strides towards strengthening the gig economy ecosystem in the country. The organization has a stated global A70 multi-year growth strategy which is focused on unleashing the power of entrepreneurship with social commerce. As part of this multi-year growth strategy, Amway India has identified the rise of the gig economy as a key global megatrend. In-line with this and in its endeavor to support…

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REPL announces Annual Results

New Delhi The leading infrastructure consultancy firm Rudrabhishek Enterprises Limited (REPL) announced its annual results for the Financial Year 2019-20, which shows YoY increase in consolidated revenue from operations by 50.19 % to Rs. 78.83 crores. EBITDA of the company increased by 59.23 % and the EPS scaled up by 32.25 %. Net Profit of the company also increased by 41.41 % to Rs. 11.94 crores. While the infrastructure sector was reeling under the severe pressures, the company managed…

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