The question is about where the earnings will be delivered in the coming – not in the next one-two quarters but -- in the next one-two years. That is where we remain somewhat more skeptical about some of the sectors in India where the economic damage from COVID-19 is going to last for a little longer than the healthcare. … [Read more...] about Weekly dossier: Gautam Shah, Arvind Sanger, Naveen Kulkarni and others on market, investment ideas
Under this deal, key Future Group entities, including Future Retail (FRL), Future Lifestyle Fashions (FLFL), Future Supply Chain (FSC), Future Consumer and Future Market Networks would first be merged into Future Enterprise (FEL), following which Reliance Retail Ventures Limited (RRVL) will acquire the relevant business segments from FEL on a slump-sale basis for an enterprise value of Rs 24,713 crore. This transaction is subject to statutory approvals. … [Read more...] about After the deal with Reliance Retail, what does the future hold for Kishore Biyani?
The mega transaction with a combined value of Rs 24,713 crore cements the position of Reliance Retail as the undisputed leader in the organised retail segment and adds muscle to an ongoing battle with Amazon for the Indian e-commerce market. The Future Group houses leading retail formats, including supermarket chain Big Bazaar, upmarket food stores Foodhall, and bargain clothing chain Brand Factory. … [Read more...] about Reliance Retail-Future Group deal: King of modern retail Kishore Biyani finally surrenders
Speaking on the mega deal, Isha Ambani, Director, Reliance Retail Ventures said, "With this transaction, we are pleased to provide a home to the renowned formats and brands of Future Group as well as preserve its business ecosystem, which have played an important role in the evolution of modern retail in India. We hope to continue the growth momentum of the retail industry with our unique model of active collaboration with small merchants and kiranas as well as large consumer brands. We are committed to continue providing value to our consumers across the country." … [Read more...] about Reliance Retail-Future Group deal: RIL unit adds Future Group’s retail business to shopping cart for Rs 24,713 crore
"Considering the sharp decline in volatility from 25 percent to 19 percent in the August series, we believe the highest Put base at the 11,500 strike should work as an important support for the Nifty. Moreover, Nifty futures premium has risen to 25 points, which is one of the highest seen in the last many series. Thus, positive bias should remain intact till the Nifty holds above 11,500," Amit Gupta of ICICI Securities said. … [Read more...] about Dalal Street Week Ahead: Here are 10 key factors that will keep traders busy this week