The Indian fast fashion market is also on track to cross $50 billion by FY31 as it continues to outperform other retail sectors, as per the Redseer report.
PC Jeweller Ltd plans to raise up to Rs 2,705 crore by issuing warrants on a preferential basis to promoters and investors, mainly to settle bank loans and for working capital requirements.
The company, which operates hospitality properties under the Royal Orchid and Regenta brands, is also looking to expand its wedding destination portfolio by adding four to five locations every year.
Varun Beverages, the leading bottler of beverage major PepsiCo, has plans to raise Rs 7,500 crore from the market through the Qualified Institutional Placement (QIP) route to fund its growth plans.
German luxury car maker BMW on Monday introduced a new concept of selling vehicles in India allowing its dealers to sell products of its three brands -- BMW, MINI, and BMW Motorrad, under one roof.