Business

CarTrade to deploy $100 mn for acquisitions

CarTrade Tech Ltd plans to set aside up to $100 million (about Rs 750 crore) to strategically acquire and invest in companies in the automotive space.The corpus is expected to be utilised in the next 3-5 years.The leading automotive platform wants to completely digitize the process of buying and selling vehicles and continue to be…

Published

3 years ago

December 17, 2021

Shrishti

CarTrade to deploy $100 mn for acquisitions

CarTrade Tech Ltd plans to connect of abode aside up to $100 million (about Rs 750 crore) to strategically catch and put money into firms in the auto residence.The corpus is expected to be utilised in the next 3-5 years.The leading automobile platform desires to entirely digitize the formulation of shopping for and promoting autos and continue to be a key enabler in the growth of the auto ecosystem.This can ogle to possess or put money into firms that can befriend it either enter a brand new market/segment or carry new merchandise and applied sciences to present customers.The speculation is to possess and put money into firms that can befriend it digitize the shopping for and promoting fling of autos…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

2 years ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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