Page 2 - Tier Ii - Iii

Tier-2 cities continue to see steady growth in hiring activities: Report

Hiring in tier-II cities showed consistent growth trends compared to metropolitan areas during May, mainly led by cities such as Kochi, Coimbatore, and Jaipur, which have emerged as key hiring locations, a report said on Wednesday. "It is remarkable to note the flourishing performance of tier-II cities in terms of hiring, outpacing their metropolitan counterparts. These cities have showcased consistent upward trends, particularly driven by the Production and Manufacturing sector, where we are witnessing a surge in recruitment," foundit (previously Monster APAC & ME), a Quess company, CEO Sekhar Garisa said, quoting the foundit Insights Tracker (fit). He said, this can be attributed to several factors, including infrastructural development, favourable government policies, and a burgeoning talent pool eager to contribute to India's industrial landscape. "It's evident that tier-II cities are becoming increasingly attractive hubs for businesses seeking expansion opportunities and ...

MG Motor India looks to expand network in tier III, IV to boost growth

MG Motor India is driving towards tier III and IV cities of the country with plans to establish 100 new touchpoints by the end of the ongoing fiscal year as part of its strategy to fuel the next phase of growth, a senior company official said on Wednesday. With JSW Group coming in as an investor and becoming a joint venture partner with China's SAIC, last month the company announced plans to invest Rs 5,000 crore and had set a target of selling one million units of passenger electric vehicles in India by 2030 when the total market is expected to be 10 million units annually. The company is targeting 520 sales and service touchpoints overall in 270 cities by the end of 2024-25. "There is a very clear roadmap...we have put in place which we are calling as MG 2.0, the next phase of growth for MG Motor India," MG Motor India Chief Commercial Officer Satinder Singh Bajwa told PTI. As part of that, the company has set plans for enhancing production capacity and more model introduction go

SBI Card to raise up to Rs 2,000 crore in capital via Tier II bonds

CRISIL Ratings has assigned its "AAA/Stable" rating to the Rs 2,000 crore non-convertible debentures and Rs 2,000 crore lower Tier II bonds

30 major retail brands entered 14 Tier-II cities during Jan-Sep: Report

More than 30 major retail brands opened their stores in 14 Tier-II cities during the January-September period of last year, according to property consultant CBRE. In its report 'Tier-II Cities: The Time to Shine' released on Tuesday, CBRE said that several domestic and international retail brands, including Croma, Armani Exchange, Malabar Gold & Diamonds, Reliance Smart, Tanishq, H&M, Marks & Spencer, GAP, Starbucks, Pizza Express and Under Armour, have expanded their retail footprint to Tier-II cities. The Tier-II cities are Chandigarh, Jaipur, Indore, Goa, Mangalore, Kochi, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Vizag, Mysore and Coimbatore. The total retail real estate space in these 14 Tier-II cities stood at 29 million square feet as of September 2023, with Jaipur, Lucknow, and Chandigarh each boasting of retail real estate space ranging between 3 to 7 million square feet, as per the report. The retail development in these cities has been a healthy mix of ...

After 4 yrs of decline, insurers ramp up presence in smaller cities in FY23

According to the latest data released by the Insurance Regulatory and Development Authority of India (IRDAI), during 2022-23, the presence of life insurers rose by nearly 3.5 per cent year-on-year

Bank of Maharashtra raises Rs 259 cr at 7.99% through tier-II bonds

The issue had a base size of Rs 250 crore and a greenshoe option of Rs 750 crore

3,294 acres acquired since Jan 2022 for residential projects: JLL report

Tier-II and -III cities accounted for 44.4% (1,461 acres) of the total land area transacted in the country

IDFC First Bank eyes Rs 3,000 crore in debt capital through tier II bonds

The plan comes soon after Rs 3,000 cr equity raise

BOI raises Rs 2,000 cr in capital via Tier II bonds to fuel business growth

Next on radar - equity offering to reduce Govt stake in H2Fy24

Tier-2 city consumers spend 16% of income shopping online: CMR study

Tier-II cities, including Guwahati, Coimbatore and Lucknow amongst others, lead in terms of time spent on online shopping

Wealth management firms go beyond metros to tap post-Covid surge in demand

Investors from tier-II are increasingly roping in services of wealth managers, as they diversify beyond gold and real estate

22% of funding for start-ups went to those in Tier-II, -III cities in 2022

Funding in Tier-I cities is dominated by big players, while smaller cities have less competition - an attractive prospect for smaller investors

Tier-II cities experience expansion of Hotels as leisure travel grows

The sector closed the year with occupancy in the range of 59-61 per cent, up 15-17 percentage points (pp) over the previous year and only 5-7 pp lower than the full year of 2019

B2B start-up ElasticRun takes a step back, to focus on core strategy

ElasticRun extends the reach of a brand's direct distribution network to deep rural markets

Meesho building portfolio to tap next billion users: CXO Utkrishta Kumar

Annual transacting users surged 80% to 140 million; orders up 135% to a record 910 million in CY22

Zoho expands regional outreach, will open hub offices in Tamil Nadu, UP

CEO Sridhar Vembu says company wants to create 'economically prosperous rural communities' through its offices

How electric scooters caught fancy of Tier 2, Tier 3 cities, shows data

54% of Ather Energy's sales come from Tier-II and Tier-III cities

J&K Bank raises Rs 1,000 cr capital as Tier-II Bonds to strengthen capital

Jammu and Kashmir Bank on Saturday said it has raised Rs 1,021 crore as Tier-II bonds from the market as part of its efforts to strengthen its capital position. The issue was oversubscribed by more than 100 per cent, J K Bank MD & CEO Baldev Prakash said. It will not only help boost our expansion plans as envisaged in our strategy for business growth especially in the rest of the country by improving our risk bearing capacity substantially but will also go a long way in maintaining adequate capital buffers over and above the regulatory BASEL - III compliance requirement, he added. Bank CFO P D Punjabi said the bank has accomplished the task well and it will be reckoned in the capital adequacy for the quarter ending December 2022. The capital issuance Committee of the bank's board has approved the allotment of these bonds, a spokesman of the bank said.

Buoyed by firm demand, HDFC Bank mulls fresh Rs 5,000-cr Tier 2 bond sale

The quantum raised through Tier 2 bonds is set to rise much further in coming days as Axis Bank is slated to sell Rs 12,000 crore of such instruments on Friday

South Indian Bank's move on tier-2 bond won't disrupt sector: Fitch

Lender decision to not redeem the bonds does not indicate any weakness in capital position, says ratings agency