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ItzCash eyes Rs 60cr from corporate gifts this festive season

Press Trust of India  |  Mumbai 

Digital payments company ItzCash is eyeing Rs 60 crore turnover from corporate gifting segment this festive season.

"This year has been particularly buoyant with the bountiful monsoons and the positive market sentiments which is all set to realign the gifting landscape in the corporate world," ItzCash Chief Growth Officer Bhavik Vasa said in a statement issued here.

The company is targeting a turnover of Rs 350 crore this fiscal at a growth of 100 per cent.

"Customised digital gift cards is the flavor of this season with a 2x growth we are all geared up to make the maximum of the bait and are already witnessing a seamless uptake across all industry sectors and leading corporate houses," Vasa added.

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Godrej Properties ranked second best developer in * Godrej Properties Ltd today said it has been ranked as the second best developer in and fifth best in the world for leadership in sustainable development as per the Global Real Estate Sustainability Benchmark Report (GRESB).

The company has also received a LEED Platinum Rating for the office premises of the Godrej Group headquarters at Godrej One under the commercial interiors segment from the US Green Building Council (USGBC). This is one of the first such certifications in the country.

"Sustainable development is a tremendously important part of our company's vision. We are happy to see our sustainability initiatives and efforts getting recognized internationally as well as within India," said Pirojsha Godrej, Managing Director & CEO, Godrej Properties.

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Power Grid Corp awards Sterling and Wilson multi state projs * Power Grid Corporation of India Ltd (PGCIL) has awarded Sterling and Wilson a multi-states substation project.

"PGCIL...Has recently awarded Sterling and Wilson - India's leading turnkey MEP and EPC player, with the project of extension of 400kV and 132kV substations including transformers and reactors under the North Eastern Region (NER) of India's Strengthening Scheme-IV & VII spread over five states," a statement said.

This project comprises nine locations of North Eastern region including Manipur, Assam, Arunachal Pradesh, etc.

XSTOK launches online finance facility for its buyers

* Online B2B marketplace XSTOK.Com has launched an e-finance facility Xpress Finance for its buyers.

"We have launched online finance facility for our buyers in partnership with various finance partners. XSTOK buyers can have a revolving credit line up to Rs 1 crore under this facility," a company statement issued in Mumbai said.

Launched in July 2015, XSTOK facilitates medium and small size textile producers, cutters, wholesalers, retailers, traders and agents, in buying wholesale and surplus products from mills across India.

At present, the company has completed more than 700 transactions and buyers have made online payments for the same.

First Published: Wed, October 19 2016. 18:07 IST