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‘Rites is trying to consolidate now’

DNMUM416055 | 6/13/2018 | Author : Ateeq Shaikh | WC :322

Railway consultancy firm Rites will come out with an initial public offering (IPO) June 20 with an aim to raise Rs 467 crore at an upper band of Rs 185 per share. The proceeds through this disinvestment of 12.60% stake will go to the government of India. Rajeev Mehrotra, CMD of Rites, in an interview with Ateeq Shaikh, talks about the company’s revenues, projects and plans.

What is the share of various segments in Rites’s business?
In terms of business size, roads and inland water transport are very small. If you see the revenue, last year (2017), 60% came from consulting, 24% from exports, 7% from locomotive leasing and the balance from energy management and other things. The turnover was around Rs 1,550 c
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‘We aim to be number one in T20 economies’
DNMUM422896 | 9/26/2018 12:00:00 AM | Author : Ashish K Tiwari | WC :699

Europe’s second largest hotel group Louvre Hotels Group (LHG) is a part of Chinese conglomerate Jin Jiang International, which is the second largest in terms of the number of hotels in the world and fifth largest in terms of the number of rooms. LHG
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Coding an ad
DNMUM422897 | 9/26/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :598

Google’s e-commerce entry in India is predicted to cause a paradigm shift in the current flow of advertising. Experts believe Walmart controlled Flipkart and Amazon, the current giants in the e-commerce game, would be compelled to reduce their advert
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Telecom FDI sees fivefold jump in last three years
DNMUM422898 | 9/26/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :169

New Delhi: The telecom sector has received foreign direct investment (FDI) of $6.2 billion in 2017-18, a five-fold jump in the last three years.However, the telecom sector had received FDI of $1.3 billion in 2015-16.“India needs massive investment in
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Public capital expenditure faces axe
DNMUM422899 | 9/26/2018 12:00:00 AM | Author : K R Sudhaman | WC :643

New Delhi: Finance minister Arun Jaitley may be confident of meeting the fiscal deficit target of 3.3% of GDP this fiscal to please global credit rating agencies, but it may lead to contraction of public capital expenditure, which is already low in G
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