Amazon on Sunday won an interim award against its partner Future group selling retail business to Reliance Industries for Rs 24,713 crore after a Singapore-based single judge arbitration panel put the deal on hold. Amazon had dragged Future to arbitration after the Kishore Biyani group firm had agreed to sell businesses to billionaire Mukesh Ambani's Reliance.
'I was emotionally disturbed after hearing about foeticides and later Nirbhaya and felt that as successful women, we must raise our voice against these issues.' '#SheIsMe, an inspirational fashion showcase, was a personal tribute that proclaimed that despite their flaws and limitations, women are beautiful, magical and strong.'
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
Don't miss the fashion fiesta that was part of the London Olympic Games 2012 closing ceremony last night!
Fresh capital will help Flipkart further grow its e-commerce marketplace in India as the world's second-largest internet market begins to recover from the COVID-19 crisis.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
Narayanan's strategy of building exclusive brands for Myntra has been a success as well, and more such brands will be added to the portal's offering in the future
'My family goes to the airport every day so that they can find a way out.'
See whom we spotted at Mumbai airport.
'He was a true intellectual of this country: Never claiming to be an expert on anything, or the greatest, he just went ahead and followed his beliefs uncaring of how the world judged him.' Jaya Jaitly pays homage to a dear friend, Wendell Rodricks, designer and trendsetter.
India men's team captain Virat Kohli and the legendary Sachin Tendulkar on Sunday praised the national team's performance in the ICC Women's T20 World Cup, saying they will bounce back stronger from the defeat to Australia in the final. Unbeaten throughout the tournament, India were outplayed in all departments of the game by the defending champions, who clinched an unprecedented fifth world title in the shortest format with an 85-run win.
Radhika Apte believes that no one should be schooled on what to wear or what to do, based on how they look.
Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M&M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.
'Stop wearing clothes which might be trendy, but doesn't go well with your body type.'
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
Here's a look at the model auditions for Aamby Valley India Bridal Week, held October 12 in Mumbai.
Their startup investments number 13 so far, compared to 17 deals in 2020.
It should stop what it is deliberately doing to the NGO sector and let it operate as freely as the rest of the private sector, asserts Aakar Patel.
Did top Indian business groups miss the e-commerce opportunity by focusing on replicating the Walmart model instead of following the Amazon model of online shopping?
The former Bollywood actress walked the ramp for Siddhartha Tytler. Hitesh Harisinghani offers his perspective from the photographer's pit.
Badhaai Do carries its audience on the wave of those little farces that come with being queer in India, a land where masculinity still has some say, observes Sreehari Nair.
The LFW plus size model auditions saw over 300 aspirants this year.
'India has many attractive features for the long-term investor; it combines: A low per capita income, a young population, and a heavier presence of high margin, asset-light firms in the technology sector.'
During his lifetime and after, Ambani aroused extreme responses in others.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
Dear Friend is for those who idealised Dil Chahta Hai all out of proportion, and then warmed up to the premise that friendship could be a lot more complicated, and transient, observes Sreehari Nair.
With Hansal Mehta's Scam 1992 bringing it up so interestingly, Joginder Tuteja looks back at films that have dealt in the stock market.
Designer Sabyasachi Mukherjee, who completed 20 years in the business, launched a new collection over the weekend.
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
Their creations have been seen on leading Hollywood celebrities for some time now, so it's hardly surprising that Falguni and Shane Peacock made quite an impression at their Mercedes-Benz New York Fashion Week debut!
Celebrity stylists Pranay and Shounak open up about dressing up Vidya and other celebs.
'From a teenager who struggled with low self-esteem to representing India at Miss Teen Universe, I've really worked hard to become someone I'm proud of.'
Speaker Vijay Kumar Sinha, who was a minister himself in the previous National Democratic Alliance government, was visibly shaken at the disdain shown towards the Chair by Samrat Chaudhary who holds the Panchayati Raj portfolio.
The 50-year-old jeweller, who remains behind bars at Wandsworth Prison in south-west London, had lost the first stage of the high court appeals process last week as a judge declined permission to appeal "on the papers". Modi's lawyers had five days to file a renewal application seeking an oral hearing to plead the case for permission to appeal against the extradition ordered by UK Home Secretary Priti Patel on April 16.
The lockdown that crippled the entire logistics, delivery and supply chain network to near zero, was enough to deal a body blow to India's fastest growing unicorn whose very business model saw a severe disruption, like several other firms and sectors.
Anjana Reddy explores the market for home-grown Indian celebrity fashion brands at affordable prices.
Actors lead a busy life, and their work sometimes take them to interesting places in India and abroad.
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