Modi Buys Islands

But can he execute his plan?

BK Modi, who has had a chequered business life, and is known for his eccentric business ideas, says he is investing $200 million to acquire and develop two pristine Islands—Batam and Bintan—near Singapore. He told Moneylife: “It is true that I am acquiring two Indonesian islands located just about 45km south-east of Singapore. I have plans to transform both the...

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Accounting: Razzle Dazzle

Gitanjali Gems has just announced that its top four brands, namely, Gili, Nakshatra, D’damas and Asmi are worth Rs1,502 crore, according to the valuation done by Brand Finance, a UK-based firm in marketing and brand valuation. How should we interpret this information?

Apparently, Gitanjali’s objective for this exercise was to identify the demand drivers for its brands and further enhance...

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Interview: To grow at 25% we don’t need outside source of funding

Moneylife: The government has permitted private players to invest in power transmission either through joint ventures with Power Grid Corporation of India or via an independent private transmission company (IPTC) based on competitive bidding. What are your plans?

Chandak: There were only two orders under the new initiative and both have gone to Reliance. But there are three-four new bids...

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