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.
'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'
The Mumbai Metro Rail Corporation Limited (MMRCL) on Tuesday launched the trial run of the Colaba-Bandra-SEEPZ Metro line-3 at Sariput Nagar in Aarey Colony in Mumbai.
Kolkata Police detectives on Wednesday visited the house, where three female members of a family were killed last month, and reconstructed the crime scene with an accused -- the husband of one of the deceased.
The Competition Commission of India (CCI) on Tuesday said it has approved Reliance Retail Venture's acquisition of German firm Metro AG's wholesale operations in India. Reliance Retail Ventures Ltd (RRVL) is a subsidiary of Reliance Industries Ltd (RIL) while Metro Cash & Carry India is engaged in the wholesale operations in India. In December last year, it was announced that RRVL had signed definitive agreements to acquire a 100 per cent equity stake in the company for a total cash consideration of Rs 2,850 crore.
Spain and Portugal suffered a major power outage on Monday, affecting millions and disrupting airports, metros, and telecom companies.
The prime minister, who is on a two-day visit to the state, inaugurated, laid the foundation stone of and dedicated to the nation, railway and metro projects in the state worth Rs 4,500 crore.
Major Mohit Sharma was one of India's bravest military officers who died fighting terrorists in Kashmir.
India's flexible (flex) office segment, having breached pre-pandemic levels, is thriving as corporates, startups, multinational corporations, and global capability centres (GCCs) expand in India, seeking low-capital yet Grade A plug-and-play facilities. In the first quarter (Q1) of 2025, the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers.
Observing that the Mumbai Metro has made an attempt to overreach the court's jurisdiction, the Supreme Court on Monday directed it to pay Rs 10 lakh fine within two weeks for felling of trees in Aarey forest beyond permission.
The paint sector is seeing heightened competition with the entry of deep-pocketed groups like Aditya Birla and JSW. However, some brokerages see an opportunity in select stocks.
Miles of iron anti-scale walls surround the area, with the Secret Service and Metro police patrolling vigilantly. The scene reflects the heightened precautions, likely influenced by the assassination attempt Donald Trump survived last year -- a moment memorialized in a massive hoarding on the Heritage Building along Massachusetts Avenue.
Here's your ultimate concert guide to the Music of the Spheres World Tour at Ahmedabad's Narendra Modi Stadium on January 25 and 26.
Traditional field sales are losing ground, with job postings declining except in Tier III and IV cities.
The incident took place on the intervening night of April 8-9 near Dorangla village in Gurdaspur district. The Border Security Force (BSF) has issued an "alert" all along the 553 km of this front in Punjab and suspension of farming around the blast area.
Bookings as well as airfares for flights to Prayagraj have jumped multi-fold as more people travel for the Maha Kumbh, with the air ticket prices rising up to 21 per cent for the Delhi-Prayagraj flights. According to an analysis by travel portal ixigo, the one-way airfare between Bhopal and Prayagraj has surged the maximum at 498 per cent to Rs 17,796 from Rs 2,977 last year.
"This same person (Kamra) had commented on the Supreme Court of India, the Prime Minister, (journalist) Arnab Goswami and some industrialists. This is not freedom of speech; this is working for someone," Shinde said.
Police in Kolkata are investigating the murders of two women and a teenage girl found dead in their home. The post-mortem confirmed murder, raising suspicions about the husbands' involvement and the motive behind the crime. The husbands, who are brothers, initially claimed a suicide pact, but police are skeptical and are questioning them once they are medically fit. The investigators are also exploring the possibility of external involvement in the murders. The family's financial difficulties are being investigated as a potential factor.
More than 100 flights were delayed at the Delhi airport on Friday morning due to bad weather conditions, an official said.
Electric cab-hailing platform BluSmart remained non-operational on Thursday across Delhi-NCR, Bengaluru, and Mumbai, as the market regulator cracked down on its co-founder over alleged misuse of funds at an affiliated company. BluSmart app, that offered more than 8,000 taxis in the three metros, stopped taking bookings on Wednesday evening and remained unoperational on Thursday as well.
At 250 million unique visitors a month, MX Player has for long been in the same bracket as YouTube (454 million) and Meta (324 million) in reach.
The ongoing survey for the Dharavi Redevelopment Project has surpassed the scope of the 2007-08 survey, with over 63,000 tenements already mapped. The survey, which includes ground floor and upper floor structures, aims to provide housing for all residents of Dharavi, including those in existing SRA buildings and on RLDA Land. The project, undertaken by Navbharat Mega Developers Private Limited (NMDPL), aims to construct nearly 1.5 lakh tenements to accommodate the growing population of Dharavi.
The woman alleged that a 'policeman' standing on the platform did not take any action after she approached him for help following the incident.
The Calcutta High Court has directed the Central Bureau of Investigation (CBI) to submit the case diary initially prepared by the Kolkata Police in connection with the rape-murder of an on-duty doctor at RG Kar Medical College and Hospital. The court also instructed the CBI to present a list of individuals interviewed in the case at the next hearing scheduled for April 23. The CBI has been investigating the incident since August 13, 2024, when the case was transferred from Kolkata Police. The court noted inconsistencies between the inquest and post-mortem reports, with two injury marks mentioned in the inquest report but absent in the post-mortem report. The CBI is currently investigating whether there was a larger conspiracy behind the crime and if there had been any attempt to destroy evidence.
Three business houses are likely to be in the final race to strike a deal with Germany's Metro AG for investing in its India unit -- Metro Cash & Carry. Industry sources in the know named Reliance, Adani Group, and Thailand's conglomerate Charoen Pokphand (CP) as potential frontrunners to acquire a partial or full stake in the Gurugram-headquartered Metro Cash & Carry, which has 31 stores and 5,000 direct employees. Around 20 companies, including strategic and private equity investors, were approached by the German chain, inviting them to bid for the Indian wholesale business, according to a source aware of the M&A developments.
'We don't give any guidance about profitability. We have internal targets but we don't discuss them publicly.'
Eternal (formerly known as Zomato) reported a net profit of Rs 39 crore for the fourth quarter of FY25, down 77.7 per cent year-on-year from Rs 175 crore in the same period a year ago. On a sequential basis, profit was also down 33.8 per cent from Rs 59 crore in the preceding quarter (Q3FY25).
The entire construction of the Navi Mumbai airport project is expected to be completed in five phases.
The prime minister took a ride in the metro train between Zero Mile Freedom Park and Khapri stations with some students. Before boarding the train, he visited an exhibition on the project at the Zero Mile station.
Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25. The FY25 revised estimates (RE) indicate 7 per cent growth in FY25 against FY24, implying 21 per cent Y-o-Y growth in Q4FY25 government capex.
The two brothers were solely responsible for the killing of the two women and the teenage girl of their family and no outsiders were involved in the crime, Kolkata Police Commissioner Manoj Verma said on Tuesday.
The sales of company shares by 5 senior executives have come under scrutiny as IndusInd shares declined over 30 per cent due to losses incurred by from its derivatives exposure.
Recent reports of heart attacks occurring while dancing, driving, or even walking have raised concerns about the condition's unpredictability. Experts emphasize the importance of regular health check-ups to detect underlying heart diseases and prevent sudden cardiac events. Factors contributing to the rise include unhealthy lifestyles, genetic predisposition, and inadequate sleep. The article highlights the need for increased public awareness and stricter implementation of government programs to address the growing trend of heart attacks, particularly among younger individuals.
'Social media managers, bouncers, their catering department people... they tell the actor whether he should do a film or not.'
The FMCG industry in India achieved a 10.6% growth in value terms in the December quarter of 2024, driven largely by rural markets, which have surpassed the large urban markets in growth for the fourth consecutive quarter. Festive demand and consumption-driven growth played a key role, with overall volume up 7.1% despite inflationary pressures. However, the industry also saw a "preference shift of consumers towards smaller packs" due to high food inflation. Local manufacturers continue to outperform larger FMCG companies, fueled by consistent volume growth.
Long queues of passengers were seen outside various Delhi Metro stations on Wednesday morning, a day after new restrictions were put in place by authorities, including running of its trains with only 50 per cent seating capacity and no provision for standing for commuters, in view of rising cases of COVID-19 in Delhi.
In another milestone for the DMRC, driverless train operations on 59-km Pink Line of the Delhi Metro were flagged off on Thursday.
In their first cabinet meeting held hours after coming to power, Maharashtra Chief Minister Eknath Shinde and his deputy Devendra Fadnavis took the first step towards overturning the previous Uddhav Thackeray-led Maha Vikas Aghadi government's decision of relocating the proposed Mumbai Metro Line-3 car shed from Aarey Colony.
Police in Thane, Maharashtra, have increased security at the Irani locality following the killing of a robber from an Irani gang based there in an encounter with police in Chennai. Jaffer Gulam Hussein Irani was shot dead by police after allegedly opening fire on them in Chennai. The Irani Basti has been known as a base for chain-snatchers and motorbike thieves. Police have stepped up security in the locality to prevent any law and order issues. The incident comes after a series of chain-snatching incidents in Chennai, which led to the arrest of two other members of the Irani gang. The gang is known for its involvement in crimes across India, including chain snatching and "attention diversion crimes."
Global capability centres (GCCs) remained one of the major drivers of this huge spurt in demand for office spaces.
