The takeover now by Reliance Retail, will essentially give a fresh lease of life to what is an absorbing Indian entrepreneurial story. The deal is good news for lenders of Future Group who will now have secured outstanding loans protected as well as the retail ecosystem comprising small businesses and suppliers. Employees who would have otherwise stared at salary cuts and job losses now could get absorbed because Reliance Retail is aggressively expanding across India. … [Read more...] about Reliance Retail-Future Group deal: RIL unit adds Future Group’s retail business to shopping cart for Rs 24,713 crore
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"Based on our checks, we expect domestic demand to be stable in August (vs. July) with some pick up in September. As long as demand stays stable, we believe high visibility on export orders until September provides confidence for the steel producers to keep prices high through 2Q despite weak domestic demand," brokerage Morgan Stanley said in a recent report. … [Read more...] about Despite record drop in earnings and GDP in Q1, India Inc sees more than a silver lining for FY21
What About Apple? You may wonder where Apple stands in all this. For a long time, the company said that it believed the best place to put a digital assistant (such as Siri) is a device that people always carry with them (like the iPhone). But the company eventually gave in to the clear message from consumers that they want their assistant in its own dedicated device–one that they can talk to from across the room using natural language. … [Read more...] about Here’s Why Alexa Won CES Before The Show Even Started
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?
Its consolidated net loss for the quarter ended March 31 narrowed to Rs 1,126.82 crore against Rs 2,341.24 crore loss in the January-March period in FY19. The consolidated total income for the quarter under discussion was at Rs 2,554.21 crore as compared to Rs 2293 crore in Q4FY19. … [Read more...] about GMR Infra may launch Rs 2,000- Rs 3,000 crore QIP in October