The partnerships are poised to catapult the venture on a path to INR 1500 Cr+ annual revenue run-rate over the next 12 months
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The NSE Nifty 50 index settled 0.15 per cent higher at 18,512.75, the first time ever the 50-stock gauge has closed above 18,500
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The proposed fundraise comes as the group led by Gautam Adani, the world's third richest person, aggressively expands into a slew of sectors including cement and healthcare, amid some concerns about its elevated debt levels and large promoter shareholding
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Shriram Financial Ventures will now become the promoter and holding company of the Financial Services and Insurance businesses of the Group
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The investment will be channelised to strengthen Mumbai operations which has seen rapid growth as well as fulfill the strong influx of enquiries for senior companionship from all parts of the country and expand services to new cities like Pune, Kolkata and Bangalore
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Gupta said in a letter to the company that he was stepping down to pursue "unknown adventures"
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Kotak’s 13th Real Estate (RE) Fund is a $1 billion platform targeting opportunistic real estate investments in India
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Idnani has more than two decades of experience as a business-oriented technology leader
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The revenue from operations of the group has increased to Rs 155 crore from Rs 88 crore in the same period last year
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Profit after tax surged to Rs 159.52 billion ($1.98 billion) for the three months ended September 30, from Rs 14.34 billion a year earlier
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