D-Street began this week with the worst single-day drop in the benchmark indices since April 2021. Markets have been sharply volatile and the drop in Nifty from its high’s is certainly not indicative of the wealth erosion in many retail investor portfolios. If we were to decode the possible reasons for the drastic shift in…Continue Reading
Future Retail Ltd may not be able to arrange funds to make $14-million coupon payments on foreign currency bonds on the due date on Monday, people familiar with the development said. The Kishore Biyani-promoted company, which had raised $500 million in an overseas bond issue offering 5.6% returns in January 2020, has one-month grace period…Continue Reading
SynopsisThe revenue from operations for the quarter increased 53.4 per cent year-on-yea to Rs 50,654 croreETtechEbitda from operations rose to Rs 3,522 crore, up 52.3 per cent. Ebitda margins stood at 7 per cent, flat YoY and up 90 bps, sequentiallyNEW DELHI: Reliance Retail on Friday said its net profits for the quarter ending December…Continue Reading
Reliance Retail posted a 23% increase in net profit in the third quarter while revenue expanded 53% driven by a strong performance from its stores as they fully reopened after covid-led lockdowns, festive season, store expansion and online growth. Reliance’s retail division, which runs over 14,400 stores across groceries, consumer electronics and apparel, posted revenues…Continue Reading
The frenzy in a particular IPO or even just after that IPO listing, is not often a very good indication of the long term prospects of the company, says Devina Mehra, Chairperson & MD, First Global. You have seen many cycles; the boom and the bust of TMT, the rise and the fall of infra…Continue Reading