A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The rising pitch of road shows and long rallies with hectoring pitches seem to have exhausted and numbed the audiences, rather than motivating them to vote for the party, observes Shreekant Sambrani.
The much-talked-about sale of Ambuja Cement and ACC by Holcim Group will see the single-biggest outflow of foreign capital from the country if the two cement firms are acquired by Indian investors. The deal, valued at nearly $10.35 billion, will put in the shade Cairn Energy Plc's exit from India in 2010, when it sold Cairn India to Vedanta Group for $4.48 billion. According to various reports, big business groups such as AV Birla, JSW Group, and Adani Group are in the fray to acquire Holcim's assets in India.
The bull run in the Indian equity markets is intact, said analysts at Morgan Stanley in a recent note. They expect the S&P BSE Sensex to hit 80,000 levels by December 2023 in their bull-case scenario, to which they have assigned a 30 per cent probability. From the current level, this translates into an upside of nearly 29 per cent.
The Chinese military is now desperately attempting to give "ex post facto strategic meaning" to its actions in eastern Ladakh.
The blast occurred in the mosque in the Police Lines area around 1.40 pm when a suicide bomber present in the front row during the Zuhr (afternoon) prayers blew himself up, security officials said.
Tata Sons on Friday announced organisational changes, bringing in S Padmanabhan as the group human resources head.
During a sale, many store windows invite the shopper with impossible-to-miss visuals announcing '50% Discount'. Only upon entering does the shopper realises that the one rack which fulfils this promise sells items she'd never purchase.
Secondary market might be a better bet for investors
It was a high-stakes three-cornered fight between the BJP, Congress and Aam Aadmi Party.
It is advisable to avoid a fund until it develops a track record.
"Those who wish America harm, we will hunt you down and you will pay the ultimate price," the US President said
Lewandowski huffed and puffed, but he cut a lonely and frustrated figure
India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.
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.
Multi-asset funds offer exposure to gold, which tends to do well in times of geopolitical tensions and inflationary pressures, suggests Sanjay Kumar Singh.
While Karnataka Congress chief D K Sivakumar will be special observer in Goa, party general secretary Mukul Wasnik and Chhattisgarh Health Minister T S Singh Deo besides Vincent Pala have been deputed in Manipur for post-poll management, the sources said.
Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.
'We never go overboard on any stock, no matter how good it may seem.'
A day after the exit polls predicted a hung assembly in Goa, hectic political activities have begun in the state with the Congress focusing on keeping its flock together and plans to shift all its candidates to a resort, a senior party leader said on Tuesday.
'I advise people to stay away from secondary IPOs. There is a big conflict of interest between the exiting and incoming investors'
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Dhawan anchored the innings beautifully, adapted his strategy according to the situation and made sure that he saw his team through the finish line at the end.
Amarinder said predictions by health experts about the spread of the pandemic are 'horrendous and frightening'.
Online food delivery platform Zomato has decided to stop its grocery delivery service from September 17 mainly on account of gaps in order fulfillment leading to poor customer experience, marking its exit from the segment for the second time since last year. The company had entered the segment last year during the lockdown on account of the COVID-19 pandemic, but exited the business on the recovery of its food delivery business. The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts.
Investments by private equity and venture capital funds declined by 22 per cent to $5.4 billion in June, as compared to the $6.9 billion in the year-ago period, a report said on Monday. However, if compared with May's $4 billion, the investments were higher by 33 per cent, the monthly report by industry lobby group IVCA and consultancy firm EY said. If one were to compare the inflows into companies in the first half of 2021, the investments were 45 per cent higher at $26.9 billion.
It has mostly been a one-way street for markets that have moved up sharply since July. The front-line indices - the S&P BSE Sensex and the Nifty50 - have gained 6.7 per cent and 7.3 per cent, respectively, in the past three months. The rally in mid- and small-caps has been sharper, with both indices surging 14 per cent and 9 per cent, respectively, during this period. This sharp run has made analysts at Jefferies cautious.
Congress veteran P Chidambaram held a meeting with the Goa assembly poll candidates of his party and those of ally Goa Forward Party on Wednesday night, where it was decided that the alliance will name its leader immediately after the election results are out and stake claim for government formation, sources said.
Shettar alleged that he had been humiliated by the BJP by denying him a ticket and that party is today in the control of "very few people."
Top Bharatiya Janata Party leaders have been engaged in consultations with each other over the post-poll situation in the wake of exit polls projections that the party-led National Democratic Alliance may form the government.
Post-Jayalalithaa AIADMK cannot take on the Narendra Modi dispensation like their late charismatic leader did it on several occasions in the past, says R Ramasubramanian.
Co-signing a loan is a huge responsibility and can impact you greatly. Here's what you need to know before your generous streak gets the better of you!
Most of these stories are real, but in the world there have been long periods of time when these have not worked.
Campa is set to take on its competition, which pushed it out of the aerated drinks business in the late 1990s, but this time with a new owner - Reliance Industries. Campa's entry comes at a time when aerated drinks as a category is already saturated. But experts say this could give rise to competition in the segment, eventually causing the space to grow.
This week, global drugmakers Pfizer and BioNTech said their COVID-19 vaccine candidate is 95 per cent effective, including in adults over 65 years of age.
IMAGES from the T20 World Cup match played between Pakistan and Bangladesh in Adelaide on Sunday.
The octogenarian, who has already announced his retirement from electoral politics, is sought to be put on the pedestal by the governing party's central leaders.
Photos circulating in social media on Thursday showed two banners hung on an overpass of a major thoroughfare in the northwest of the Chinese capital, protesting against Xi's unpopular zero-COVID policy and authoritarian rule.
Amazon, Google, Apple and Facebook are both a boon and a bane for angel investors, VCs as well as start-ups. If the Big Tech companies get broken up and their powers to acquire get significantly curbed therefore, the whole ecosystem will need to change, says Prosenjit Datta.
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