The media group, which publishes Deccan Chronicle, Financial Chronicle, The Asian Age and Telugu daily Andhra Bhoomi, has around Rs 4,000 crore debt on its books.
According to Aashish Kalra, chairman, of CTE and CI, “We have partially exited from Roadzen, which is an artificial intelligence (AI) driven insurance technology provider."
Ghee, which is a major product sold during festivities, had attracted a 5% value-added tax (VAT) earlier in the North as against a 14.5% VAT charged in the South.
Some of the coworking space operators leading the pack of value-added offerings through tie-ups with respective service providers include Awfis, CoWrks and WeWork.
CoWrks' facility will be spread over 1.6 lakh sq ft and will house at least 3,000 professionals. This is CoWrks' fifth city venture after Bengaluru, Delhi-NCR, Mumbai and Chennai.
The joint venture will set up a Greenfield plant with a capacity of 20 tons per day at an investment of Rs 16 crore for the first plant, which is expected to be operational by 2018
The company also reported a 16% growth in total revenues at Rs 345.62 crore in 1Q FY18 as against Rs 298 crore a year ago.
The key factors fuelling consolidation in the domestic market include large mergers and acquisitions in the global market.
Rubil Jain, managing director, Safexpress, said, We had devised this plan of setting up 32 logistics parks several years back keeping GST in mind.
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