With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
The tepid economy has hit most sectors, from automobile and pharmaceutical industries in the district to its tourist footfall, reports Archis Mohan
Demand among several pre-Budget representation by BSE Brokers' forum
The deal, as well as some other strategic and financial investments in works, will help Ambani cut debt at RIL.
According to the Icra report, earnings before interest, tax, depreciation and amortisation margin of its sample declined by 44 basis points on a YoY basis and 23 basis points on a quarter-on-quarter basis to 16.6 per cent.
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
Indeed has seen an increase in listings for drivers, food delivery runners, and other service providers.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's chief executive officer Igor Sechin and discussed raising crude imports from that country, in addition to talks about going for more acquisitions.
With the government asking the companies to operate with only 50 per cent staff strength, and exports dipping to almost zero, the truck and bus drivers idling at the petrol pump say they hardly have any work now. At a petrol pump on the deserted Bavla-Changodar highway near Ahmedabad in Gujarat, several trucks and buses are neatly parked in a row.
'So, what does one believe -- just 6 stocks that are pushing the indices higher or the 600 scrips that are reflecting economic pain?'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Average overall sales which used to be around 8,000 units a year ago has dropped to 7,000-7,500 units in a month. A lot of government projects have been announced but these are yet to translate to boost CV sales.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
IBM started using Watson last year in India in two of its key divisions, services and infrastructure, for the bulk of its 150,000 employees as part of its "predictive retention" programme.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The US is the largest consumer of gems and jewellery in the world contributing nearly 40 per cent of global production. If India can tap the opportunity, its overall exports to the US could jump by 10 per cent to $ 11 billion this year.
According to sources, government officials have asked industry bodies and manufacturers to submit key concerns and requirements to begin manufacturing activity.
Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.
Prof B Ravishankar from Mylapore, Chennai shares his inspiring story.
Weak consumer sentiment across urban and rural markets due to slow farm inflows, subdued agri-commodity prices, rising cost of ownership as a result of regulatory changes including safety, emissions, vehicle registration, along with a rise in interest cost/EMI, have impacted demand.
The high-pitched election speeches skipped corporate issues, unlike during the assembly polls about four months ago.
Prime Minister Narendra Modi took stock of the situation, and assured all possible assistance to Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy. The prime minister also chaired a meeting of the National Disaster Management Authority (NDMA) to assess the situation.
The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol and diesel that has pushed the total incidence of taxation on auto fuels to 70 per cent of the price. Late on Tuesday evening, the government hiked excise duty on petrol by Rs 10 per litre and that on diesel by Rs 13 a litre to mop up gains arising from international oil prices falling to a two-decade low.
The optimism stems from benign fuel prices, adequate and well distributed rainfall and the recent measures announced by the government to boost liquidity at banks and NBFCs.
Vice President Hamid Ansari on Monday embarked on a five-day visit to Morocco and Tunisia as part of efforts to build on diplomatic gains from the India-Africa Summit and lay platform for a future partnership.
Shobhana Kamineni, vice chairperson of Apollo Hospitals, and a former president of the Confederation of Indian Industry, is unhappy after discovering her name deleted from the voters' list in Telangana.
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
The industry needs stimuli to help revive consumer demand and conversions.
Initiated move to privatise Air India, but reports on poverty and cast census remained unfinished
With monsoon rainfall 16% below the long-period average, total sowing area is down by 7% at 56.7 million hectares so far this season.
Ajit Mishra, vice president, Research, Religare Broking, answers queries on how to invest in stocks.
The ravines, which are sharp, steep mud hillocks, stretch over three states - Madhya Pradesh, Rajasthan, and Uttar Pradesh, once home to several dreaded dacoits have long been the subject of several projects and government schemes to make them agriculturally viable.
'In India, the impact will be less than 1% of employee headcount.'
Private hospitals, especially smaller standalone ones, are staring at a crisis that they were not prepared for. Analysts say larger corporate chains have to brace up for at least six months for business to return to normal.
In April last year, tax authorities had questioned Deepak Kochhar over a Rs 405-crore investment by Accion Diversified Strategies Fund through its Mauritius subsidiary, DH Renewables Holding
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