Investors maintained cautious stance ahead of RBI policy decision.
Retail conglomerate Future Group, which owns fashion chains like Big Bazaar, Brand Factory, and Central, will be among the top 10 global fashion companies selling about 35 crore garments by FY2019, group CEO Kishore Biyani said today.
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The company, which has built an integrated warehouse with a capacity of over 30 crore garments in Nagpur, is betting big on the growing demand from fashion-conscious customers and consumers’ interest for lifestyle and fashion.
Biyani said by next financial year the fashion units alone will clock total revenue of USD 3-3.5 billion (about Rs 20,000 crore). He, however, denied commenting on expected profit.
Oil prices dipped, as refined product inventories in the United States rose in what the market interpreted as a sign of lackluster demand.
Brent crude futures, the international benchmark for oil prices, were down 0.3 percent, at USD 62.67 a barrel.
US West Texas Intermediate (WTI) crude futures were at USD 57.41 a barrel, down 0.36 percent, from their last settlement.
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