Despite a massive underperformance at the bourses since the last six months, analysts are turning optimistic on Reliance Industries (RIL). Those at Jefferies, for instance, say that the company is a proxy play for India's consumption growth story. The key catalysts for the stock, according to a Jeffries note, include faster-than-expected market share gain in retail, oil-to-chemicals (O2C) stake sale, recovery in gross refining margins (GRM), potential public listing of Jio and even a possible banking licence going ahead. That apart, analysts feel any tariff hike in Reliance Jio (RJio) - its telecom venture - will also aid performance. With balance sheet adequately de-levered, proceeds from a strategic stake sale in the O2C business will create a sizeable war chest for the company, analysts say.
The adoption of Information Technology by the companies in India is expanding rapidly with domestic market expected to grow to $4.3 billion in 2005-06 from $3.5 billion in 2004-05, according to IT industry body Nasscom.
The fire at the Bangladesh garment factory once again brings to light the substandard and unsafe methods resorted by factories working for multinationals.
Investigating the modern Indian marriage mart, Amit Ahuja discovers that Indians are willing to overlook caste differences if the incentives are right.
An emergency arbitration hearing between Amazon and retail conglomerate Future Group took place last week and a verdict is expected in the next few days, according to sources.
Away from limelight, Jeevika Didis are silently fighting the coronavirus in rural Bihar.
The high-profile departures have their roots in red tape and business-unfriendly policies.
New participants included Chinese players such as Great Wall Motors and Haima Automobile along with Olectra.
The government eased investment rules for the retail sector on Thursday in a renewed attempt to attract foreign supermarket operators such as Wal-Mart Stores Inc and Tesco.
Norway nabbed the first gold medal of the Winter Games on Saturday
Another week and a spate of OTT shows and movies to watch. Here's what Sukanya Verma recommends.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
Indian Auto Expo that will start on February 7 will see 70 product launches. We bring the best of it.
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year.
Cross-country skier Johaug to call time on Olympic career after Sunday's 30km.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Top Chef host, who turned 48, seems to be getting hotter with age.
Reliance Jio and Facebook will look to use WhatsApp for delivering goods from local neighbourhood kirana stores to consumers before expanding collaboration in education and healthcare sector, billionaire Mukesh Ambani said soon after announcing the mega Rs 43,574 -crore deal. "All of us at Reliance and Jio are delighted to welcome Facebook Inc," he said in a short video message posted on the group's social media handles.
Professor, Indian Institute of Public Health, Hyderabad, Public Health Foundation of India, V Ramana Dhara, said the unlock has resulted in a return to old habits of indiscipline in physical distancing and improper mask use.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
Increasing personal incomes, addition of healthcare facilities and deeper penetration of health insurance will see India's pharmaceutical market triple to touch $20 billion in a decade, global consulting firm McKinsey said.
Personal computer sales in the country registered a growth of 32 per cent during 2003 at 2.3 million units as a result of sharp fall in computer prices that led to increased sales in small and medium enterprise sector, home and in non-metro cities.
Retailers and multiplex operators want mall owners to either forgo rent for the period of the shutdown or lower rent in the event the mall is open but footfalls are low.
The year started on a sombre note for the sector, with the lingering effect of the decision to put on hold relaxation of FDI in retail in 2011.
Jigar Shah, chief executive officer, Maybank Kim Eng Securities is not certain that the DMart listing would trigger a re-rating of the Indian retailing sector.
As Wal-Mart's disclosures on lobbying generated political heat in India, records with American House of Representatives show that around 27 Indian companies have spent money on lobbying in the US.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
International tourists visiting poll-bound Gujarat this December can now get a peep into the conduct of Assembly polls with tourism specialists mooting the concept of 'election tourism'.
The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.
As multilateral negotiations have paused, multi-national corporates have increasingly become aggressive; and our bureaucrats restless.
To operate large wholesale markets and imports.
The demand for a Joint Parliamentary Committee probe into disclosures by retail giant Walmart on lobbying in India was made by several members in the Lok Sabha on Tuesday.
The development comes amid a growing clamour for the boycott of Chinese products in India, combined with the government's push for Aatmanirbhar Bharat.
The combined market capitalisation of the top 873 family-owned companies was down 26.3 per cent year-on-year (YoY) to Rs 61.8 trillion at the end of trading on Tuesday. It had grown 6 per cent in FY19 and nearly 20 per cent in FY18.
