Goldman Sachs & Others Buy 5% Stake In Akzo Nobel India For Rs 765 Cr
Key investors participated in the block deals, collectively acquiring 22.7 lakh shares at an average price of Rs 3,358.8 per share.
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Morgan Stanley Upgrades India’s FY25 GDP Growth Forecast To 6.8%, Citing Economic Strength
- by BW Retail World Bureau
- March 28, 2024
After S&P Global, Morgan Stanley has revised its GDP growth forecast upwards for the financial year 2024-25 (FY25) to 6.8 per cent, up from its previous estimate of 6.5 per cent. The firm also revised its growth forecast for the ongoing financial year, FY24, to 7.9 per cent. The revised projections come in the wake […]
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Government
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India Inflation Cools, Repo Rate Cuts Possible Later This Year: Morgan Stanley
- by BW Retail World Bureau
- February 22, 2024
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level. The Monetary Policy Committee of the RBI in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo […]
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FirstCry Files for IPO, Rs 1816 Cr Fundraising To Fuel Expansion, Acquisitions
- by BW Retail World Bureau
- December 29, 2023
Brainbees Solutions (FirstCry), a retail platform specialising in products for mothers, babies, and kids, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The initial public offering (IPO) of the company includes a fresh issue of equity shares totaling up to Rs 18.16 million and an offer-for-sale […]
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KKR To Invests Rs 2,069.50 Cr In Reliance Retail Ventures
- by BW Retail World Bureau
- September 12, 2023
Reliance Retail Ventures (RRVL) announced on Monday that the global investment firm KKR, through an affiliate, will invest Rs 2,069.50 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in […]
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Retail
India’s Retail Inflation To Reach RBI’s 6% Target In November: Morgan Stanley
- by BW Retail World Bureau
- August 18, 2023
Morgan Stanley expects retail inflation to moderate to Reserve Bank of India’s 6 per cent upper tolerance target only from November. Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI’s 6 per cent upper tolerance target, largely due to a sharp spurt in vegetable, fruit, and […]