The stock has generated more than 27 per cent returns year-to-date outperforming the benchmark indices Nifty and Sensex The e-commerce player Zomato has witnessed optimistic sentiments from investors after posting robust growth in recent quarters. Its stock has been riding a bullish wave in 2024, delivering more than a 27 per cent return year-to-date (YTD). […]
Flipkart had its best Big Billion Days (BBD) in 2023, driving Walmart’s foreign sales growth in the fourth quarter of FY24. During the quarter, the US-based retailer’s overseas sales rose 17.6 per cent year on year (YoY) to USD 32.4 billion. In constant currency terms, revenues for the category increased by 13 per cent YoY to USD 31.2 billion. Other […]
Yum Restaurants India is expected to exit quick service restaurant giant Devyani International by selling a 4.4 per cent interest in a block sale on Wednesday, according to media reports. Yum Restaurants expects to raise around Rs 815 crore from the deal, it said. The floor price for the sale has been set at Rs […]
US asset manager Davidson Kempner, owner of Britain’s Oak Furnitureland, is in talks with Superdry co-founder Julian Dunkerton about backing an offer for the clothes brand, Sky News said on Monday, the news agency Reuters reported. According to the article, the discussions are still in the early stages, and there is no certainty that Davidson Kempner […]
Chinese ecommerce platform JD.com has recently confirmed that it is exploring the possibility of acquiring Currys, a major electrical retailer in the UK. This announcement has sent shares of Currys soaring, as it opens the door for a potential bidding war after the rejection of a £700 million (USD 883 million) offer from U.S.-based investor […]
Appliance maker Whirlpool is selling a 24 per cent stake in its Indian unit this week for up to USD 451 million via stock market deals, according to a term sheet seen by Reuters, amid record stock markets in the country. Whirlpool plans to sell the stake at a price of Rs 1,230, a 7 […]
The recently approved state excise policy, endorsed by the cabinet aims to boost the utilisation of locally cultivated fruits and herbs in liquor production and establish micro-distillation units in Uttarakhand’s hilly areas. With a targeted 10 per cent increase in revenue for the financial year 2024-2025, rising from Rs 4,000 crore to Rs 4,400 crore, […]
Globe Textiles India Limited (GTIL), a frontrunner in the textile industry engaged in manufacturing, supply, and trading of a wide array of textile and apparel products, including Denim jeans, Shirting fabrics, and cotton printed fabrics, has announced its ambitious plans to acquire Globe Denwash through the purchase of shares. According to a press release, this move […]
Luxury segment housing in India recorded a 75 per cent year-on-year (YoY) growth in sales in 2023, according to a report by real estate consulting firm CBRE South Asia. According to its report ‘India Market Monitor Q4 2023’, a 45 per cent YoY increase in unit launches was recorded in 2023. The percentage share of […]
The RBI has restricted Paytm Payment Banks from taking any further deposits or credit transactions which results in 55 per cent loss to the Paytm stocks One of the first unicorns of the Indian startup ecosystem, Paytm, which operates under the umbrella brand One97 Communication, was hit by an unexpected whip from the country’s central […]
