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Reliance Industries, Future Group Stocks Rally On Strong Demand

BW Online Bureau

Companies & Markets

RIL shares rose 2.72 per cent to close at Rs 1,950.80 on the BSE. During the day, it gained 3.72 per cent to Rs 1,970.

India's October Car, Motorbike Sales Skid As Dealers Caution Over Stock

BW Online Bureau

Companies & Markets Sector Reports

The sales numbers, based on vehicles registered in the country, were higher than September as more people visited car showrooms, but the Federation of Automobile Dealers Association (FADA) warned that momentum is slow.

Govt Issues Notices To Flipkart, Amazon For Not Showing Mandatory Info About Products

BW Online Bureau

Companies & Markets Sector Reports Retail

The notices have been issued by the Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution.

'The New Longing' Raghavendra Rathore

Raghavendra Rathore

Companies & Markets Sector Reports

“Are brands, retail, fashion, or personal being pigeonholed into pedigree slots, much like the Royal gun salutes cryptically embedded during the British Raj that would dictate the order of a Princely State”

Indusind Bank Posts 10 % Rise In Q2 Deposits At Rs 2.28 Lakh Cr

ANI

Banking & Finance

Of the Rs 2.28 lakh crore deposits in Q2 FY21, retail and deposits from small customers amounted to Rs 75,610 crore compared to Rs 67,318 crore in Q1 FY21.

Amazon India Creates Over 1 Lakh Seasonal Job Opportunities Ahead Of Festive Season

BW Online Bureau

Companies & Markets Sector Reports Retail

Amazon India and rival Flipkart had announced creation of over 1.4 lakh temporary jobs across supply chain, last-mile connectivity and customer support in preparation for their festive sales.

General Atlantic To Invest Rs 3,675 Cr In Reliance Retail Ventures

BW Online Bureau

Partnership with global growth investor to help drive continued enablement, inclusion and progress via Reliance Retail's new commerce vision, says Reliance

General Atlantic To Invest $498.31 Million In Reliance's Retail Arm

BW Online Bureau

Companies & Markets

Reliance is India's biggest retailer with roughly 12,000 stores and has been looking to expand its so-called new e-commerce venture as it vies for market share in India's growing retail space.

KKR To Invest Rs 5,500 Cr In Reliance Retail Ventures

ANI

The investment by KKR values RRVL at a pre-money equity value of Rs 4.21 lakh crores and with this its investment will translate into a 1.28 per cent equity stake in RRVL on a fully diluted basis.

94% Of MSMEs Relied On IT Infrastructure During The Lockdown To Stay Afloat: Reports Tally Business Owner's Sentiments Study

BW Online Bureau

More Press Release

MSMEs employ about 110 million people across the country but the lockdown saw a surge in reverse migration affecting small businesses who were left with a limited workforce.

Future Enterprises Q4 net loss at Rs 394.77 cr

BW Online Bureau

Companies & Markets Sector Reports Retail

The company had posted a net profit of Rs 66.58 crore in the January-March quarter a year ago, Future Enterprises Ltd (FEL) said in a BSE filing.

Indian Companies To Spend Half Of Cloud Budget On Hybrid Over 3 Years: IBM

ANI

According to the respondents, 17 per cent of their IT spend is allocated to cloud at present and they plan to increase the share of spend on hybrid from 42 per cent to 49 per cent by 2023.

Flipkart Buys Parent Walmart's Indian Wholesale Business

BW Online Bureau

Companies & Markets Sector Reports Retail

Walmart, which has been running Best Price wholesale cash-and-carry stores in India since 2009, bought a controlling stake in Flipkart in 2018 for $16 billion.