Apple rings in 35% growth in India sales to clock Rs 67,000 crore

Apple Inc is poised to report a 35 per cent year-on-year surge in its India revenue at nearly Rs 67,000 crore (a little over $8 billion) for 2023-24, according to people in the know. The official financial filing is anticipated to be submitted by September-October to the Registrar of Companies (RoC) by the Cupertino-based tech … Read more

Titan shares growth projections for FY27

Jewellery business increase market share from 8.6% currently to 10-11%. In last 5 years, the market share has almost doubled. increase buyers from 3.8mn to 6mn store count from 900 to 1250+ grow revenue at a CAGR of 15-20%. In FY 24, this division’s revenues grew by 20%.  Emerging business – wearables, Taneira (ethnic wear … Read more

Kewal Kiran acquires significant stake of a women denim brand

Kewal Kiran Clothing (KKCL) has acquired 50% stake in Kraus Casuals Private Limited (KCPL). KCPL operates the brand ‘KRAUS jeans’. It is in the business of manufacturing, selling, designing and exporting women’s clothing primarily in women, teen and kids casual and denim bottom and top wear. The brand has a presence in 1,000+ large format … Read more

Subway Borrows $3.35 Billion in Biggest Securitization of Its Kind

Subway, the restaurant chain with the most locations in the US, has sold $3.35 billion of asset-backed bonds to help fund its buyout by Roark Capital Group, in what is the largest securitization of its kind on record. The sandwich maker priced the largest portion of its whole business securitization — where a company pledges … Read more