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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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Why big numbers don’t mean big returns in real estate
DNMUM427745 | 12/10/2018 12:00:00 AM | Author : Vivek Kaul | WC :703

You know V,” she said, “I think you may have been wrong about real estate”.
“Like how?” I asked.
“So, I ran into this long-lost friend of mine...”
“She was telling me about how her real estate investment had made so much money.”
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Loan pricing more transparent now
DNMUM427746 | 12/10/2018 12:00:00 AM | Author : Kumar Shankar Roy | WC :1139

When the Reserve Bank of India (RBI) changes the repo rate, the benefit (in case of a downward revision) is often not passed on to existing borrowers. It is only the new loans that are offered at the lower rates. However, this may change from April 1
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Road less travelled
DNMUM427747 | 12/10/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :572

As the holiday season kicks off, we’re flooded with travel tech start-ups lining up a plethora of offers, discounts and cashbacks for speedy bookings and packages to exotic destinations. But in the age of “disruptive’’ and ‘’predictive’’ solutions, a
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Opec cut may not fire up oil prices
DNMUM427750 | 12/10/2018 12:00:00 AM | Author : Praveena Sharma | WC :770

New Delhi: Just when it looked like oil prices cooling off had offered some respite to India’s macros, Organisation of the Petroleum Exporting Countries (Opec) decision to cut back production by 1.2 million barrels per day is threatening to heat thin
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