Renuka Holdings
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Renuka Holdings
Renuka Holdings PLC, also called Renuka Group, is a conglomerate company in Sri Lanka. Ceylonese businessman Alfred Thambiyah laid the foundations of the Renuka Group by acquiring the Crago Boat Dispatch Company in 1936 and establishing Renuka Hotel, named after his youngest daughter Indu Renuka in 1969. Indu Renuka Rajiyah founded Renuka Enterprises in 1975, and Renuka Holdings in 1979 marked the formal beginning of the group. Renuka Holdings went public in 2008 and following the listing on the Colombo Stock Exchange, the company pursued a growth strategy. Renuka Holdings is one of the ''LMD'' 100 companies in Sri Lanka and also one of the 20 largest conglomerates in Sri Lanka. History Ceylonese businessman Alfred Thambiayah laid the foundations of the Renuka Group. Thambiyah went to business with Chittampalam A. Gardiner, and together they cofounded Ceylon Theatres Ltd in 1928. In 1936, Thambiyah acquired the Cargo Boat Dispatch Company, a shipping company operating in the P ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Colombo Stock Exchange
The Colombo Stock Exchange (CSE) ( si, කොළඹ ව්‍යාපාර වස්තු හුවමාරුව, translit=Kolamba Vyapara Vasthu Huvamaruva; ta, கொழும்பு பங்கு பரிவர்த்தனை) is the main stock exchange in Sri Lanka that utilizes an electronic trading platform. The CSE headquarters have been located at the World Trade Center (Colombo) Towers in Colombo since 1995, and it has regional branches in Kandy, Jaffna, Negombo, Matara, Kurunegala, Anuradhapura and Ratnapura. The CSE trades 296 companies representing 20 business sectors, with a combined market capitalization of 3,699 billion Sri Lankan rupees. On 1 September 2021, turnover surpassed 14 billion and the All Share Price Index (ASPI) surpassed 9000 points for the first time when it closed at a record high of 9,163.13 points. History Share trading in Sri Lanka was initiated in 1896 under the Share Brokers Association (SBA). The Colombo Brokers' Association ...
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Daily Mirror (Sri Lanka)
''Daily Mirror'' is a daily English-language newspaper published in Colombo, Sri Lanka, by Wijeya Newspapers. Its Sunday counterpart is the ''Sunday Times''. Its sister newspaper on financial issues is the ''Daily FT''. Daily supplements ;Mondays through Saturdays *''Mirror Business'' *''Life'' ;Tuesdays *''W@W – Women at work'' ;Thursdays *''Junior Mirror'' See also *''Lankadeepa'', Sinhala-language sister newspaper *''Tamil Mirror'', Tamil-language Tamil (; ' , ) is a Dravidian language natively spoken by the Tamil people of South Asia. Tamil is an official language of the Indian state of Tamil Nadu, the sovereign nations of Sri Lanka and Singapore, and the Indian territory of Pud ... sister newspaper Notes External links * - Daily Mirror Daily newspapers published in Sri Lanka English-language newspapers published in Sri Lanka Publications established in 1999 Wijeya Newspapers Mass media in Colombo {{SriLanka-newspaper-stub ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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Carson Cumberbatch
Carson Cumberbatch PLC is one of the largest conglomerates in Sri Lanka which also has business interests in Indonesia, Malaysia, and India. The company has its origin in the colonial era, having been founded by merging two companies founded by R. B. Carson and Henry Cumberbatch (nephew of Robert William Cumberbatch). The Selvanathan family, founders of the Sri Krishna Corporation, is the ultimate controlling shareholder of the company. History The company has its origin in the colonial era, having founded by merging two companies founded by R. B. Carson and Henry Cumberbatch (nephew of Robert William Cumberbatch). The rubber interest of the Carson and Company traded in 1910 in London Stock Exchange with a capital of 1.5 million sterling pounds thus making it the largest rubber business of the country at that time. The Carson and Company converted to a limited liability company in 1913, and the merger with Cumberbatch and Company happened in 1947. In 1976, the company diversi ...
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Galle Face Green
Galle Face is a ocean-side urban park, which stretches for along the coast, in the heart of Colombo, the financial and business capital of Sri Lanka. The promenade was initially laid out in 1859 by Governor Sir Henry George Ward, although the original Galle Face Green extended over a much larger area than is seen today. The Galle Face Green was initially used for horse racing and as a golf course, but was also used for cricket, polo, football, tennis, and rugby. History Galle Face Green originally extended over a much larger area than exists today. Records indicate that it was bounded to the north by Beira Lake, the Defensive wall, ramparts of Fort (Colombo), Colombo Fort and the city's cemetery (established in 1803), to the west by the Indian Ocean, whilst to the south by the Galle Face Hotel (established in 1864, although the original building on the site was a Dutch villa) and to the east by St Peter's Church (consecrated in 1821). The Galle Face Green was initially laid ...
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Mixed Development
Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections. Mixed-use development may be applied to a single building, a block or neighborhood, or in zoning policy across an entire city or other administrative unit. These projects may be completed by a private developer, (quasi-) governmental agency, or a combination thereof. A mixed-use development may be a new construction, reuse of an existing building or brownfield site, or a combination. Use in North America vs. Europe Traditionally, human settlements have developed in mixed-use patterns. However, with industrialization, governmental zoning regulations were introduced to separate different functions, such as manufacturing, from residential areas. Public h ...
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Brand Valuation
Brand valuation is the process of estimating the total financial value of a brand. A conflict of interest exists if those who value a brand were also involved in its creation. The ISO 10668 standard specifies six key requirements for the process of valuing brands, which are transparency, validity, reliability, sufficiency, objectivity; and financial, behavioral, and legal parameters. Brand valuation is distinct from brand equity. Brand value Traditional marketing methods examine the price/value relationship in terms of dollars paid. Some marketers believe customers perceive the value to mean the lowest price. While this may be true for commodities, some branding techniques are moving beyond this evaluation. Brand valuation emerged in the 1980s. Early pioneers in brand valuations included the British branding agency, Interbrand, led by John Murphy and Michael Birkin, which is credited with leading the concept's development. Millward Brown was also a leading brand valuer. Both c ...
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LMD (magazine)
''LMD'', formerly known as ''Lanka Monthly Digest'', is an English language Sri Lankan business magazine. The magazine is owned by Media Services (Pvt) Ltd and was first issued in August 1994. The magazine is available in print and online versions. Hiran Hewavisenti is the magazine's editor-in-chief. ''LMD'' derives its revenue through both advertising and subscription fees. Monthly circulation is about 5,000 while monthly readership is around 30,000-40,000. The magazine has a subscriber base of about 1,800. ''Living'' and ''Discover Sri Lanka'' are the sister publications of the magazine. Compiled lists and indices ''LMD'' compiles and publishes popular company listings, rankings and indices. ''LMD'' 100 Dubbed "Sri Lanka's ''Fortune'' 500." The magazine has been publishing the ''LMD'' 100 since the 1994/95 fiscal year. The latest edition, the 28th edition of ''LMD'' 100 was published for the fiscal year 2020/2021 in 2022. Sri Lankan conglomerate, Hayleys Hayleys PLC, fou ...
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TV Derana
Derana TV is a Sri Lankan private entertainment terrestrial television channel broadcasting in Sri Lanka. Launched on 11 October 2005, it is one of the most popular television networks in the country. Its main transmission tower is on the Kikilimana mountain, and coverage is extended nationwide via eight transmission towers. The channel is available on digital medium through Dialog TV, PEO TV and the newly launched OTT platform GLUUOO. Derana broadcasts contemporary content that upholds Sri Lankan values on its "අපේ දේ රැකගෙන, අලුත් දේ අරගෙන" / “Ape De Rakagena, Aluth De Aragena” (Conserve our own and embrace the new) platforms. The channel focuses heavily on high-end programming that meets stringent expectations of viewers in the two premium socio-economic categorizations SEC A and SEC B. Currently TV Derana is the No. 1 television channel in Sri Lanka, according to late 2021 LMRB search data. The channel has maintained this po ...
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Distribution Channel
Distribution (or place) is one of the four elements of the marketing mix. Distribution is the process of making a product or service available for the consumer or business user who needs it. This can be done directly by the producer or service provider or using indirect channels with distributors or intermediaries. The other three elements of the marketing mix are product, pricing, and promotion. Decisions about distribution need to be taken in line with a company's overall strategic vision and mission. Developing a coherent distribution plan is a central component of strategic planning. At the strategic level, there are three broad approaches to distribution, namely mass, selective and exclusive distribution. The number and type of intermediaries selected largely depend on the strategic approach. The overall distribution channel should add value to the consumer. Definition Distribution is fundamentally concerned with ensuring that products reach target customers in the most d ...
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Associated Newspapers Of Ceylon Limited
Associated Newspapers of Ceylon Limited (ANCL), also known as Lake House. It publishes three daily, three weekend, five weekly, two monthly and three annual publications in Sinhala, English and Tamil. Associated Newspapers of Ceylon Limited is a public limited liability company incorporated in Sri Lanka in 1926 by its founder D. R. Wijewardena. 75% of its shares were Nationalized under the Associated Newspapers of Ceylon Limited (Special Provisions) Law No. 28 of 1973 and this stake is held by the Public Trustee of Sri Lanka on behalf of the Government. Lake House is Sri Lanka's oldest publication company. Its '' Daily News'' English daily was the first Sri Lankan newspaper to be published on-line. At present ''Dinamina'', Resa, ''Daily News'', ''Thinakaran'', ''Sunday Observer'',Epitome of Sri Lankan journalism
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