Zensar trims retail portfolio, to focus better on core
The IT company decides to focus on three core areas-- high-tech manufacturing, infrastructure and financial services. Zensar reported a 32.6% drop in net profit for the December quarter, citing softness in the retail segment — with a revenue impact of about $5 million — as a key reason for the profit decline.
Few takers for CCIL’s retail forex website
Banks’s reluctance to promote this platform invited the ire of the RBI last month.
Unlisted Reliance Retail surges as RIL tweaks mandatory share swap
Reliance, in an extraordinary general meeting (EGM) on Thursday, made the ...
This smallcap firm rallies 20% as Radhakishan Damani picks 2% stake
He was not among the key shareholders in the preceding quarter ended September 30.
Canara Bank Profit Up on Rise in Retail Loans
The earnings rose to ₹329.62 crore from ₹317.52 crore the year ago.
Market Movers: Damani boost to Spencer's, RJ cuts stake in Escorts; airline stocks slip
The broader market performed better, as smallcaps ended flat.
RIL rolls back compulsory share swap of Reliance Retail; unlisted market cheers
Only 35 lakh equity shares of Reliance Retail are available in the unlisted market.
Ikea may entice with malls next to its big stores
Ikea is exploring possibilities of building shopping malls and entertainment facilities next to some of its upcoming standalone stores, or developing multi-storey shopping centres with Ikea as an anchor store, depending on land availability, they said. The company will lease out mall space to other brands and retailers.
Vehicle retail sales nosedive in December in spite of discounts
The number of registrations at RTOs came down by 15% in December as compared to a year ago.
What consumption slowdown? Look at Reliance's retail show
RIL’s retail stores reported a 26 per cent year-on-year growth in footfalls at 176 million.
Brokerages upbeat on RIL’s retail, telecom businesses, retain ratings
Of the 26 brokerage reports ET studied, eight have increased the price targets on RIL shares while six reduced it after the earnings. Nineteen of the 26 brokerages have a ‘buy’ rating on the stock, with the average price target given at over Rs 1,700.
Are mid cap and small cap index mutual funds good for our portfolio?
Passive schemes are gaining traction after they proved their worth in the large cap segment in the last two years. The other reason for their popularity is their ‘low-cost’ structure.
"Indian cities to add 100 new malls by 2022-end," says Anarock MD & CEO
According to MD & CEO of Anarock Retail, Anuj Kejriwal, top seven cities in India will see 69 new malls spread over 35.5 mn sq.ft. area while the remaining 31 malls over 13.5 mn sq.ft. will come up in tier 2 & 3 cities. East India will see a much more modest supply of seven new malls spread over approximately 3.5 mn sq. ft.
Retailers with omni-channel approach will thrive: Razdan
We must remember that the Indian consumer is still evolving, says Harsha Razdan.
Kishore Biyani’s ‘craziest’ mistake was not in retail, but Bollywood
Future Group's top boss just got candid during a fireside chat at an Amazon event.
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