Hiranandnani's new venture is well-timed, but it will face heavy competition from both international majors and domestic peers like Adani Group.
Indian business has many legitimate grievances against the political class for not delivering an optimal business environment.
Reliance Industries leads the pack of 56 Indian companies.
Reliance improved its ranking this year to 121 from 142 last year, with a market value of $50.6 billion and assets worth $91.5 billion.
Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Trade between Australia and India stands at around $15 billion a year, or just a tenth of that between Australia and China.
In the prevailing difficult circumstances, the Congress is the only party that can provide capable and decisive leadership to the country, Kharge asserted.
'The urge to name the upcoming Navi Mumbai airport after well-known personalities and the equally strong urge to rally in large numbers supporting this name and that; all of this amidst COVID-19, felt deplorable,' asserts Shyam G Menon.
Indian CEOs might like to make some serious course correction.
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries chairman Mukesh Ambani reclaimed his spot as Asia's richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago.
The 30-share Sensex is up 253 points at 29,263 and the 50-share Nifty has gained 68 points at 8,829.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Weak monsoon forecast rekindled fears of higher inflation.
A 7:2 majority verdict by the apex court ruled that the tax legislation by the state does not require the consent of the President under Article 304 B of the Constitution
Analysts suggest making separate firms of tobacco, hotels and FMCG divisions
While the lender has Rs 17,000 crore of retail assets and land parcels in Juhu, Borivali, Worli, and Chembur in Mumbai, there may be a disconnect between the quality of DHFL's books and the value bidders ascribe to it.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
After the Trinamool's overwhelming majority in the West Bengal assembly elections last year, the SSC scam has given fresh ammunition to the Bharatiya Janata Party and the Communist Party of India-Marxist. Ishita Ayan Dutt reports.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Year of the Rabbit, according to the Chinese calendar, began on Sunday, January 22.
Rise in investor sentiment, return of risk appetite aid shares across the board
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
Companies write off investments, shed assets as initial projections go haywire
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
R C Bhargava, Kiran Mazumdar-Shaw & Dinesh K Sarraf are other members of the business delegation
Energy's exit is a cautionary tale for several foreign investors in India as close to 16 Gw of solar and wind power projects languish without any power purchase agreement, 24 Gw without transmission connectivity and around 2 Gw unilaterally cancelled by project developers.
The intensity of power crisis this season has hit a new high with average coal stock dipping to less than eight days. The first of a pan-Indian series, based on a ground report, shows how the Manesar industrial hub is coping with the challenge. As the scorching heat wave and the lengthy power cuts intensify in Haryana, the usually bustling labour chowk of the Industrial Model Township (IMT) of Manesar wears a deserted look.
ONGC was the top performer while private banking major ICICI Bank extended gains
Addressing his first rally in the national capital in the run-up to the February 8 Delhi Assembly polls, he said the current environment in the country, the hatred, the violence and the attacks on women were harming India and people were not benefitting from it.
Sun Pharma stock has appreciated at 35% a year for 20 years
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Finance Minister Nirmala Sitharaman had in May announced that there will be a maximum of four public sector companies in strategic sectors, and state-owned firms in other segments will eventually be privatised.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
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