Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.587 lakh crore.
With expectations of customers changing and demand for seamless, uninterrupted shopping increasing, tech companies are now using this fear of becoming irrelevant as a sales pitch to sell their products to traditional retailers.
Seeks clarification on a few issues such as enhancement of entry fee and performance bank guarantee from telecom regulator
From convincing film-makers to do shows for online, to having a slate with some of the best films and shows, Amazon Prime Video has come a long way since it came to India four years ago.
PSB chiefs tried to argue that liquidity is in surplus in the system and the problem was related to lack of demand in the economy, instead of banks' reluctance to lend, but 'the FM said it is a perception issue that loan is not available, which we need to dispel,', reports Somesh Jha.
Foreign Trade Policy: More incentives for exports, focus on ease of trading
India, England cricket teams unite to unveil Khadi poppy in UK
Attributing the stock market crash to global turbulence, Finance Minister Arun Jaitley on Monday said the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.
'If she contests it, then these people will have to fight it in court.'
Declaring that the plans will come at less than one-tenth of global rates, Ambani said Jio Fiber plans will be priced between Rs 700 to Rs 10,000 per month "to suit every budget".
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To get what it thinks are its dues, its brass have directed; construction, realty, renting of property, personnel supply, security & goods transport among those under lens
Domestic tyre demand is seen to grow by 7-9 per cent over the next five years.
The revenue also rose 14.2 per cent to Rs 29,305 crore (Rs 293.05 billion).
Apart from the growing adoption of the internet in the country, brands are drawn to the agility of the medium, its targeted and data driven approach and the increasing cost of offline channels for sales and distribution.
'The absence of cyber security framework for ATMs is like a dream come true for hackers.'
Banks are also weighing the option of hiring experts for help in specialised areas.
While scheduled airlines operate flights as per schedules drawn up for several months or even years and are committed to flying during these periods on these routes, an NSOP or a charter operates irregularly and may be planned a short time before a flight.
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
There will be higher charges for bank account-holders.
In October, OnePlus said, it recorded Rs 500 crore of revenue in only the first two days of the festive sale on Amazon.in. The firm is looking at going beyond the metro cities by scaling up its offline stores to over 5,000 and setting up more than 100 'experience centres' in the top 50 cities by next year.
At present, 70% of the mobile handsets sold in India are imported.
Mercedes Benz, BMW and Audi have sharply increased their sourcing from India.
'The main reason people go to other countries is unemployment in Punjab'
ICICI Infotech Ltd is foraying into integrated insurance management solutions and would develop Islamic insurance solutions soon.
A steady climb in volumes has helped the company double its market share in the segment to 5 per cent in the first six months of the financial year from the year-ago period and it has now set its sights on a 10 per cent share in the next two years.
Install blockers to prevent falling prey to cryptojacking.
A mobile wallet may offer discounts but allows transactions of limited amounts. And, while a bank app or internet account allows larger transactions, it might be less convenient
To introduce 'Guest First' programme to attract corporate customers; its market share and load factor lower than rivals
While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs
The state-owned telecom service provider Mahanagar Telephone Nigam Ltd has teamed up with mobile content developing company Mauj to launch its general pocket radio service portal, 'Funstation'.
The common denominator: They were predominantly Gujarati, mostly male, and either related by blood or very well-known to Nirav.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Parag Milk Foods, Prabhat Dairy, Hatsun Agro are sharpening their gaze on the retail space and buttering up their customers.
Pharma shares extended losses after the government's ban on combination drugs.
The country's largest lender SBI on Thursday reported a 4.20 per cent decline in consolidated December quarter net at Rs 6,257.55 crore, largely because of a higher base in the year-ago period where it had benefitted from a Rs 4,500 crore one-off income. On a standalone basis, the city-headquartered lender's net profit came in at Rs 5,196.22 crore as against Rs 5,583.36 crore in the year-ago period and Rs 4,574.16 crore in the preceding September quarter. SBI chairman Dinesh Kumar Khara told reporters that the year-ago period had seen the resolution of the Essar Steel loans, resulting in an over Rs 4,000 crore interest income and Rs 500 crore other income benefit.
While JioMart is doing 250,000 orders per day, BigBasket and Amazon pantry are doing 220,000 and 150,000 orders, respectively.
Companies have also managed to find talent created by frequent exits.
Such cold-shoulder by banks also indicates a credit freeze that is hard to overcome, unless the government comes out with credit guarantee schemes for loans given by banks. Since that is not happening, and there is no indication of that too, banks are not willing to listen to RBI prodding.
Three hate crimes have deepened the fear among South Asians that Trump's rhetoric encouraged violence against them, but there is no evidence that Indians have been specifically targeted, says Ambassador T P Sreenivasan.
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