Reliance Retail Ventures (“RRVL”) on Wednesday announced that Qatar Investment Authority (“QIA”), through a wholly-owned subsidiary, will invest Rs 8,278 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore. RRVL, through its subsidiaries and associates, operates India’s largest, fastest growing, and most […]
A quantity of 521.27 lakh tonne rice has been estimated for procurement during the forthcoming Kharif marketing season 2023-24 as against the previous year’s estimates of 518 lakh tonne, an official release from the ministry said Wednesday. Wherein 496 lakh tonne was actually procured during the 2022-23 season. During 2023-24, the leading States in terms […]
Official data revealed that India experienced an 11 per cent decrease in diesel exports and a 4.5 per cent drop in petrol exports during July. This decline was attributed to the implementation of a windfall profit tax by the government on such sales. According to the Petroleum Planning and Analysis Cell (PPAC) under the Oil […]
Over time the retail network for greeting cards has experienced a notable shrinkage due to the growing preference for more personalised gifts and seasonal products. However, Archies has managed to sustain its market position very well, said Varun Moolchandani, Executive Director at Archies in an exclusive interview with BW Retail World. “For Archies, it’s not […]
Titan Company on Saturday has said that it will pay a total of Rs 4,621 crore for a further 27.1 per cent share in CaratLane. After the transaction is complete, Titan will own 98.28 per cent of the shares in CaratLane, a private firm that produces and sells jewellery. Titan made its initial investment in […]
On a recent Friday, Bata India issued a statement addressing speculations about their “strategic alliances and partnerships,” which arose following reports suggesting discussions with Adidas regarding a potential partnership for the Indian market. Yesterday, a media house cited insider sources indicating ongoing talks between Bata India and Adidas for a partnership deal. These discussions seem […]
India’s organised retail sector, accounting for approximately 12 per cent of total fast-moving consumer goods (FMCG) sales, witnessed its highest growth in six quarters, recording a year-on-year surge of 21.1 per cent during the April-June period, as per NielsenIQ data. This growth was fueled by a stable urban demand environment. NielsenIQ, the data insights and […]
IT major Infosys has clinched a groundbreaking five-year deal extension with Europe-based telecom and communications giant Liberty Global, valued at EUR 1.5 billion (approximately USD 1.64 billion) for the initial engagement period. The partnership will see Infosys take charge of the construction and operation of Liberty Global’s Horizon entertainment and connectivity platforms. This new deal […]
Steel Authority of India Limited (SAIL) reported a 74 per cent decline in consolidated net profits in April-June 2023 quarter at Rs 212.48 crore. The state-owned company declared its financial results for the June quarter on Thursday evening. In the same quarter last year, the net profits or Profit After Tax were Rs 804.5 crore. […]
Blue Dart, South Asia’s express air and integrated transportation & distribution company, is all set to embark on a momentous chapter of growth and service to commemorate India’s Independence Day. As part of the ‘Azadi ka Amrit Mahotsav’ initiative, in celebration of the nation’s Independence Day, the company announces the inauguration of 15 company-owned retail […]
