The country’s largest hypermarket chain Big Bazaar, part of the Kishore Biyani promoted Future Group, is undergoing an overhaul. Big Bazaar, popular for its deals and discounts, will now be seen in a new avatar, as it looks to enhance customer experience in the wake of growing competition. These stores, six of which have opened [...]
Bullish on adding further financial muscle to energy-to-retail conglomerate led by him, Mukesh Ambani on Friday said Reliance Industries will partner world leaders for entering new businesses in the country. Although he was silent on specific details for the future course of action of RIL’s entry into financial services and telecom businesses, Ambani said that [...]
A Delhi court on Thursday dismissed pleas for a direction to the CBI to make Reliance ADAG chairman Anil Ambani, Tata group Chief Ratan Tata, corporate lobbyist Niira Radia and DMK chief M. Karunanidhi’s wife Dayalu Ammal, as accused in the 2G spectrum scam. Special CBI Judge O.P. Saini also imposed a cost of Rs [...]
The BSE benchmark Sensex today fell 114 points to 18,494.18 as investors booked profits amid overseas concerns as the US market on Wednesday dived on release of a weak manufacturing and jobs data in the country. However, a slight dip in food inflation here, which fell to 8.06 per cent during the week under review [...]
Amid speculations that Maruti Suzuki India was looking to set up a production facility in Gujarat, a senior government official on Monday confirmed that Maruti Managing Director Shinzo Nakanishi would meet Chief Minister Narendra Modi on Tuesday. “Yes, talks are on, and they are likely to get back with their feedback tomorrow,” informed a senior [...]
Benchmarks were moving in a narrow range due to lack of buying action as bulls took a breather after a two-day rally. Oil&gas, auto and capital goods stocks led the losers pack while pharmaceuticals, realty and banks were amongst the top sectoral gainers. The market is likely to react positively on reports of onset of [...]
In an interview with ET Now, Manish Sonthalia , Senior VP-Fund Manager, Motilal Oswal Securities , talks about the market. Excerpts: We have almost probably started to inch towards that level of 5350 which is supposed to be a very crucial support level. What in your own assessment, is the next level to watch out [...]
Announcing investment of Rs 1,20,000 crore for various projects in Orissa by 2020, the Jindal group today said the capacity of their steel plant at Angul would be raised from 6 mtpa to 20 mtpa. "We are investing in a big way in Orissa and the volume of investment in different projects will touch Rs [...]
The BSE benchmark Sensex today rose by nearly 185 points as higher earnings by L&T and Tata Power and firming European markets boosted investor confidence. The Bombay Stock Exchange (BSE) benchmark Sensex shuttled in the range of 18,429.47 and 18,161.38 before closing at 18,326.09, up 184.69 points. The broad-based National Stock Exchange index Nifty also [...]
A senior company official stated that Cairn India, majority held by Cairn Energy has plans to expand its footprint in east Africa. David Ginger, Cairn India’s director of exploration and new ventures, stated, "We are looking to grow our business elsewhere and east Africa is an obvious place to consider." Cairn India is the country’s [...]
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