Companies, Finance & Markets

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Khadi notches over Rs 50k cr record sale

New Delhi: One doesn’t usually associate village industries and khadi units with big bucks. But last year, the low-profile segment notched up sales of over Rs 50,000 crore for the first time. While khadi sales are being pushed hard by the government, the surprise is the bumper demand for pr…

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MobiKwik looks to raise Rs 1k cr for expansion

New Delhi: MobiKwik, one of India’s leading mobile-wallet companies, is in advanced talks with about half a dozen lenders and mutual funds to raise as much as Rs 1,000 crore to finance its expansion plans that include the likely acquisition of a rival, three people familiar with the development. …