He's betting big on small stores to help him reach 10 million households by FY21, report Abhineet Kumar and Raghavendra Kamath.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Congress leaders led by Sonia Gandhi marched from the Congress headquarter in New Delhi to the residence of Manmohan Singh to express solidarity with the former prime minister, who has been summoned as accused by a court in a coal scam case.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual funds-related queries.
He wants to transform his retail-led enterprise into a consumer goods giant, and reach Rs 1 lakh crore in turnover by 2021, but is that feasible?
'When you come through the hassles and struggles of business life, your mind is wired differently.' 'You are more connected to reality,' Akali Dal MP Naresh Gujral tells Rahul Jacob and Archis Mohan
The Bombay Stock Exchange (BSE) has slapped fines on 530 listed companies for failing to meet a deadline to appoint a women director and boost gender diversity in their boardrooms.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
With the objective of making the country a manufacturing hub for domestic and foreign companies, Prime Minister Narendra Modi is launching the NDA government's "Make in India" campaign today.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Younger people have a very strong sense of what is wrong, and what is right, along with the opportunity to call out this kind of behaviour through mechanisms like social media.'
PE firm True North's investment model is to take 51% stake in mid-sized companies and make them large, says Niraj Bhatt.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
'It could tempt investors to pick stocks that are not fundamentally sound.'
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The amount millenials spend on eating out is changing everything about the eating-out business.
It is hoped that the decision of India's apex court will send a signal to politicians and their cronies from the world of business that the rule of the law does eventually prevail, says Paranjoy Guha Thakurta.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With mobile data getting cheaper, insurers are introducing technologies that eases buying and lodging claims.
While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
The central government has said it will look into the matter.
India Inc is encouraged by a determined Budget.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Today, India is one of the fastest-growing eCommerce markets in Asia/Pacific along with China.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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