Vehicle registrations – a proxy for retail sales – increased in healthy double-digits by 13% to over two million units last month amid better supplies and sustained consumer demand across rural and urban markets. As many as 2,029,541 vehicles were sold last month, which is an increase of 13% over 1,794,866 units sold in February … Read more
MUMBAI: The independent directors of Raymond have hired eminent arbitrator Berjis Desai to advise them on ‘protection of business and minority shareholders’ interests’ following allegations of domestic violence and misuse of company funds against chairman and managing director Gautam Singhania levelled by his estranged wife and director Nawaz Modi. In a statement, the independent directors … Read more
MUMBAI: Raymond chairman and managing director Gautam Singhania has sought to allay concerns over the impact of his personal life on the company’s businesses.Two weeks after parting ways with his wife of 24 years, the textile tycoon has told Raymond’s board and employees that he is “fully committed towards the smooth functioning of the company … Read more