Lenskart eyes at Rs 500 crore revenue by 2021

Lenskart’s eyewear brand John Jacobs is looking to garner Rs 500 crore in revenue in two years as it strengthens its retail presence and expands the product portfolio. The brand, which has eight stores currently in Delhi, Pune and Bengaluru, will add six more in the next two months and aims to set up about 50 stores by March 2021. Continue Reading

IRMA: Time to reduce import dependence

“The refractory and steel sectors need to work closely with each other to reduce dependence on imports and cut production costs,” said a top official of the Indian Refractory Makers Association (IRMA). “If India wants to achieve its ambitious target of 300 million tonne of steel production by 2030, the only way forward is synergy between the two sectors,” said Head, Advocacy of IRMA, Sameer Nagpal. Continue Reading

Toyota roots for Make in India initiative

Japanese auto giant Toyota is gearing up to launch its version of Suzuki’s premium hatchback Baleno in the Indian market in the second half of next fiscal. The company has been working on incorporating its own unique features to the model that has been a runaway success for Suzuki’s Indian arm, Maruti Suzuki. Continue Reading

Indian economy will touch $5 tn in 7-9 years: Prabhu

“We’ve been focusing on the macro all this while, and while that continues, now we feel the need to also have the micro or the bottom,” said Prabhu, who also heads the Commerce and Aviation Ministries. Continue Reading

Infosys Q3 net falls 30% to Rs 3,609 crore

IT major Infosys has reported a 29.6 per cent y-o-y fall in its net profit at Rs 3,609 crore for third quarter of FY19. The company had posted net profit of Rs 5,129 crore in the corresponding quarter last year. On a sequential basis, Profit After Tax (PAT) fell 12.18 per cent. Continue Reading

Indian Oil celebrates ‘Customers Day’, reaches out to 4K customers

The OMC said it was a pan-India attempt to thank its customers for their loyalty to brand Indian Oil. IOCL, CGM(LPG) Lalit Kumar Chauhan, DGM(LPG-S), Chennai Area Office, S Kumar also paid a visit to several eminent persons at their house, it said. Continue Reading

Nuvoco’s innovation center receives NABL accreditation

The Construction Development and Innovation Center (CDIC) of building material manufacturer, Nuvoco Vistas Corp has received accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL), the firm said. Continue Reading