Podcasts about reliance retail

business technology space news whatsapp ipo daybreak flipkart zomato swiggy declaring war quick commerce zepto blinkit reliance retail

Play Episode Listen Later Oct 28, 2024 9:33

Zomato planning to raise 8,500 crore rupees again. This comes just three years after its grand IPO where it had raised almost the same amount. The company's stock prices have doubled in the last ten months. Interestingly, this fundraise is going to be through a qualified investment placement or QIP when a listed company raises capital from domestic markets without the need to submit any pre-issue filings to market regulators. Only qualified institutional investors are allowed to participate in this kind of a fundraise. All this just as rival Swiggy is prepping for its IPO. And the quick-commerce trio—Blinkit, Instamart, and Zepto are gearing up to expand beyond the metros and into smaller cities. Plus new, deep-pocketed companies like Reliance Retail and Flipkart are also joining into the race. In a letter to shareholders, founder and CEO Deepinder Goyal wrote that the fundraise is intended to ensure a “level playing field with competitors who continue to raise additional capital” and to “strengthen its balance sheet”. There was no mention of how the funds would be used.At first, this seems like Zomato declaring war in the quick-commerce space. Some analysts believe it could be a move to show the market that it has a balance sheet that is the “strongest of all.But is that all there is to it?Daybreak is now on WhatsApp at +918971108379. Text us and tell us what you thought of the episode!Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

Supermarketwala: Story of the man behind RELIANCE SMART BAZAAR Success | Damodar Mall

Something Bigger Talk Show

Play Episode Listen Later Sep 24, 2024 57:31

Discover the inspiring story of Damodar Mall, the man behind the success of Reliance Smart Bazar. Supermarketwala shares the journey of how he transformed the grocery retail industry in India.

What happened to Dunzo?

Play Episode Listen Later Sep 4, 2024 27:37

Dunzo, the Reliance Retail-backed quick delivery company, let go off 75% of its workforce in fresh round of layoffs earlier this week. But for the longest time, Dunzo has been an anomaly. Its a small company that has managed to make its name a verb. Like Google but Google is a giant. Its revenue was just $7 million dollars in the year that ended in 2022. For perspective, Zomato made more than 70 times that amount in the same period, But it did not matter. Because it changed our lives and it became the kind of consumer brand that tech companies who do anything for. To understand the unravelling of Dunzo, we need to go back to two years ago when Dunzo was on a high. Tune in.P.S Don't miss our brand new Thursday segment, DAYBREAK UNWIND, in this episode!This week's recommendations:From listeners: Ashish: The BearJoy: Panlong aka Coiling DragonIshan Sarkar: The Peanut Butter FalcomApurva: Blue Eye Samurai From hosts:Snigdha: Invisible Planets: 13 Visions of The Future of China edited and translated by Ken Liu The Worst Person in The World Rahel: Sisters in SweatDaybreak is now on WhatsApp at +918971108379. Send us a hello with your name and be a part of the Daybreak community. For next Thursday's Unwind, send us your recommendations to us as texts or voice notes. The theme is "comfort food from your favourite spot in town."

google business china technology future news whatsapp visions daybreak unwind zomato dunzo s don reliance retail

Is Zepto a gold medallist or a bronze medallist? (Republished FULL Episode)

Two by Two

Play Episode Listen Later Sep 2, 2024 84:50

We have unlocked the full and unedited subscriber version of episode three which we released on August 1 for Premium subscribers of The Ken. Now you can stream it wherever you listen to your podcasts for free for a few weeks. In 2021, as the pandemic still raged on and we washed our vegetables and supplies before consuming them, a young delivery startup promised that you can get all your groceries – everything you need – delivered right to your doorstep. In 10 minutes. This was pretty crazy, back then. Zepto was written off as an ambitious, overhyped startup run by two founders who had barely outgrown their teenage – by competitors and experts alike. In 2024, Zepto has now raised $1.2 billion in venture capital, with a valuation on $3.6 billion. Everyone was wrong about this little startup, which seems to have achieved something that retail brands only dream to: changing consumer habits. 10-minute delivery is now the norm – so much so that the likes of the good old retail giants Dmart and Reliance Retail are scratching their heads. Even Flipkart and Amazon are scuttling about, trying to crack the hyperlocal delivery space. Who would've thought Zepto would be the company to set the cat among the pigeons? It's not random, though. Zepto has tapped into specific advantages – categories, space, speed. And it certainly has timing to thank. All of these aspects have come together serendipitously for Zepto, but the real question is: does it pose a real threat to India's largest retail brands?And if it does, what will they do to stop Zepto?In this episode of Two by Two, hosts Rohin Dharmakumar, CEO of The Ken and Praveen Gopal Krishnan (PGK), COO of The Ken speak with guests Seetharaman G and Arvind Singhal to break down how exactly Zepto managed to surprise everyone, and what this means for the e-commerce space, going forward.About the guests:Arvind Singhal is the founder of Technopak Advisors, a 30 year old management consulting firm best known for its insights on retail and consumer goods. Arvind is an absolute expert on all things retail, with 30 years of hands-on experience advising the most prominent retail companies in India and abroad.Seetharaman G is The Ken's deputy editor and lead writer on all things retail, FMCG and e-commerce. He's reported on quick commerce as well as large retail brands in India week after week in Trade Tricks, the Ken's paid newsletter on retail. This is Two by Two, The Ken's weekly premium business podcast – we like to call it your own personal investigative brain. New episodes released every Thursday morning.You can also subscribe to the Two by Two newsletter for free here.Write to us at twobytwo@the-ken.com with your suggestions and what you thought of the episode.

ceo amazon business news write startups coo curiosity bronze synthesis fmcg arvind republished gold medallist zepto reliance retail

Reliance's 47th annual general meeting

ceo amazon business news startups coo curiosity synthesis fmcg gold medalist arvind bronze medalist zepto reliance retail

Play Episode Listen Later Aug 30, 2024 4:02

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Friday, 30 August 2024. My name is Nelson John. Let's get started. The Indian equity markets touched record highs on Thursday. The Sensex rose by 0.43 percent, while the Nifty was up by 0.33 percent. Messaging app Telegram's founder Pavel Durov was recently arrested in France. He is accused of not acting against harmful content on the app. Allegations include drug trafficking, fraud, cyberbullying, and generating fake images. Earlier, John McAfee and Julian Assange have been arrested on similar grounds. Shelley Singh explains the reasons for the arrest, which might have more to do with politics and diplomacy than crimes.Mukesh Ambani, Asia's richest man, announced ambitious plans for Reliance Industries during the company's 47th annual general meeting. He revealed a strategy to double the income of Reliance's digital and retail branches under the brands Jio and Reliance Retail in the next 3-4 years. Ambani envisions RIL's new energy venture to match the size of its oil-to-chemical business, which generated ₹5.64 trillion in FY24, in just five years. Ambani highlighted the transformative plans for Reliance Industries, detailing initiatives across five key business areas: O2C, retail, Jio, media, and green energy, Mint's Anirudh Laskar reports. Ambani is betting big on a future where Reliance isn't just a heavyweight in traditional sectors but also leads in green energy and tech. The plan includes a massive green energy complex in Jamnagar, envisioned as a future global energy hub. Up until a few years ago, you could only take an international flight from one of India's major airports. Flying outside India meant you'd first have to go to either New Delhi, Mumbai, Chennai or Bengaluru to hail a long-distance flight. But that changed when many non-metro airports secured the rights to fly internationally. Anu Sharma reports that airports such as Amritsar, Bhubaneswar, Lucknow and Kozhikode are seeing robust growth in international travel. Travellers from these regions usually go to Southeast Asia and the Middle East, Anu writes. Millions of students pursue an engineering degree every year in hopes of getting a job offer from India's top IT companies. Last year's graduates were caught in the midst of a storm as many IT firms refused to go for campus placements. This year, Wipro has decided to come back for this exercise. A student might be excited to see that they have been placed in the “elite” category at Wipro, but the salary comes in at only 3.5 lakh rupees per annum. Jas Bardia reports that while Wipro will be going to recruit in a couple of weeks, they will only be rolling out their lowest packages to students. In previous hiring cycles, packages for freshers went as high as 10.5 lakh rupees. Last year's struggles continue for IT sector aspirants. In India, companies are now required to have a certain number of women on their boards, but this often just ticks a box rather than ensuring their voices are truly heard in decision-making. Speaking to Mint's Devina Sengupta, Aparna Mittal from the Samāna Centre for Gender, Policy and Law pointed out that it's not just about having women on boards but whether they're genuinely independent and their opinions valued. Despite this, there's a silver lining as pay for women directors has seen a significant boost, doubling over the last five years due to their increased responsibilities. Wipro to up fresher hiring, but at lowest pay grade of Rs 3.5 lakh per yearReliance to double Jio, retail biz in 3-4 yearsOverseas travel picks up at non-metrosWomen independent directors' pay doubles in 5 yearsPavel Durov: Why tech and global geeks worry govts

Is Zepto a gold medalist or a bronze medalist?

Two by Two

Play Episode Listen Later Aug 1, 2024 41:39

Welcome to another episode of Two by Two, a weekly premium business podcast from The Ken. You'll notice that this week, we've released a 40-minute version of our new episode. But if you're a premium subscriber of The Ken, you can access the full, uncut episode on our app! Click here to listen to the full episode. **In 2021, as the pandemic still raged on and we washed our vegetables and supplies before consuming them, a young delivery startup promised that you can get all your groceries – everything you need – delivered right to your doorstep. In 10 minutes. This was pretty crazy, back then. Zepto was written off as an ambitious, overhyped startup run by two founders who had barely outgrown their teenage – by competitors and experts alike. In 2024, Zepto has now raised $1.2 billion in venture capital, with a valuation on $3.6 billion. Everyone was wrong about this little startup, which seems to have achieved something that retail brands only dream to: changing consumer habits. 10-minute delivery is now the norm – so much so that the likes of the good old retail giants Dmart and Reliance Retail are scratching their heads. Even Flipkart and Amazon are scuttling about, trying to crack the hyperlocal delivery space. Who would've thought Zepto would be the company to set the cat among the pigeons? It's not random, though. Zepto has tapped into specific advantages – categories, space, speed. And it certainly has timing to thank. All of these aspects have come together serendipitously for Zepto, but the real question is: does it pose a real threat to India's largest retail brands?And if it does, what will they do to stop Zepto?In this episode of Two by Two, hosts Rohin Dharmakumar, CEO of The Ken and Praveen Gopal Krishnan (PGK), COO of The Ken speak with guests Seetharaman G and Arvind Singhal to break down how exactly Zepto managed to surprise everyone, and what this means for the e-commerce space, going forward.About the guests:Arvind Singhal is the founder of Technopak Advisors, a 30 year old management consulting firm best known for its insights on retail and consumer goods. Arvind is an absolute expert on all things retail, with 30 years of hands-on experience advising the most prominent retail companies in India and abroad.Seetharaman G is The Ken's deputy editor and lead writer on all things retail, FMCG and e-commerce. He's reported on quick commerce as well as large retail brands in India week after week in Trade Tricks, the Ken's paid newsletter on retail. This is Two by Two, The Ken's weekly premium business podcast – we like to call it your own personal investigative brain. New episodes released every Thursday morning. Subscribe to The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive business stories, deeply-reported newsletters, and a whole lot of stuff.

Why is India's Twitter Rival KOO shutting down? | Roundup #157 | The Startup Operator

The Startup Operator

Play Episode Listen Later Jul 9, 2024 41:12

In this episode of the Startup Operator Roundup, Roshan and Gunjan discuss significant developments in India's startup ecosystem. Topics include SEBI's new regulations affecting brokerage firms, the launch of Narayana Health's game changing insurance product, and the shutdown of the Koo app after failed acquisition talks. The hosts also touch on Reliance Retail's relaunch of the Chinese brand Shein, Swiggy's new feature for food recommendations, and Peak XV Ventures' focus on AI startups. Topics: 00:00 Introduction 00:26 Headlines and opening banter03:00 SEBI's 2 new circulars 09:13 Narayana Hospital's New Health Insurance Product 14:27 The Shutdown of Koo 18:59 Unacademy and startup Media 24:55 Reliance's Strategic Move with Shein 25:55 Swiggy's New Recommend Feature 28:49 Peak XV Ventures' Big Bet on AI Startups 32:07 Angel Tax Debate and Startup Fundraising Highlights 34:22 Mark Zuckerberg's Advice on Starting a Company 37:08 Tech-Driven Marriage Optimization 38:52 Listener Feedback and Closing Remarks ------------------------------------- Click here to get regular WhatsApp updates:https://wa.me/message/ZUZQQGKCZTADL1 ------------------------------------- Connect with Us: Linkedin: https://www.linkedin.com/company/startup-operatorTwitter: https://twitter.com/OperatorStartup ------------------------------------- If you liked this episode, let us know by hitting the like button and share with your friends and family. Please also remember to subscribe to our channel and switch on the notifications to never miss an episode!

Are Reliance's deep pockets enough for Tira to steal Nykaa's crown?

business technology news crown steal reliance tira deep pockets reliance retail

Play Episode Listen Later Jun 25, 2024 11:11

Nothing about Nykaa is strictly its own anymore. Back when it went public, it had no real rivals in the beauty space. But since then, things have changed. Last year, India's largest retailer, Reliance Retail, officially entered the beauty space. It launched an omnichannel beauty retail platform called TiraReliance isn't playing around. In the last year, it has made one thing clear: it wants to completely shake up the country's beauty segment. But even the Reliance legacy to back it up, Tira's success in this space isn't a given.

Can Hyundai's India IPO beat the ‘Korean discount'?

Play Episode Listen Later Jun 17, 2024 6:30

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, June 17, 2024. My name is Nelson John. Let's get started:Hyundai, the South Korean carmaker, has announced plans to list its Indian unit. The company, which began its Indian journey 25 years ago with the Santro hatchback, aims to raise between $2.5 billion and $3 billion by offering 142.2 million equity shares, representing 17.5% of Hyundai Motor India Ltd.'s post-offer paid-up equity share capital, valuing the subsidiary at $25-30 billion. This proposed IPO could surpass the record set by the Life Insurance Corp of India's $2.46 billion issue in May 2022, making it the largest in the country's history. The IPO also aims to address the traditional undervaluation that Korean companies face due to the dominant, often opaque, chaebol structure—a term for large family-controlled business conglomerates. Hyundai's IPO would make it the fourth major passenger vehicle manufacturer in India to be publicly listed, joining Maruti Suzuki, Tata Motors, and Mahindra & Mahindra, as reported by Mint's autos correspondent Alisha Sachdev. The timing of this public offering is crucial as it coincides with Hyundai's rival, Tata Motors, making significant strides towards EVs and SUVs, efforts that have helped close the market share gap with Hyundai.Following the recent Lok Sabha election results, which resulted in the formation of a coalition government, bank stocks took a hit due to the perceived political uncertainty. Public sector banks saw sharper declines than the broader market on the results day. While the Nifty 50 index fell 5.9%, the Nifty PSU Bank index dropped about 15%. Although these indices have since recovered, the plunge and subsequent rebound highlight the transformative changes public sector banks have undergone in recent years, thanks primarily due to government decisions. These initiatives have dramatically improved the profitability of these banks. In fiscal year 2023-24, the net profit of the 12 PSU banks exceeded ₹1.4 trillion, a 35% increase from the previous year and a fourfold increase from 2020-21. Our partners at howindialives.com have explained how these PSU banks - the stock prices of which are heavily dependent on policy and regulation - are on an upward trend again. Click on the link in the show notes to check out the charts prepared by howindialives.com. Since the recent election results, foreign investors have been rapidly cutting down their bearish bets on Indian stock indexes, helping the Nifty and Bank Nifty reach new highs. Initially, these investors held a significant number of short positions—essentially betting that stocks would fall. By June 14, they had dramatically reduced these positions, suggesting a potential shift towards betting on stocks to rise, reports Mint's markets correspondent Ram Sahgal. This substantial change is largely due to increased political stability with Prime Minister Narendra Modi's government continuing. Interestingly, retail and high net worth investors seized this opportunity to cash in by selling their long positions—where they bet on stocks going up—to these foreign investors.Your seafood is in danger, and climate change is to blame. People across the country—from Goa to Kolkata—are finding it increasingly difficult to source fresh fish due to marine heatwaves. Rising temperatures are severely impacting marine life, especially in inland water bodies. Trivesh Mahekar, a fisheries scientist at the Indian Council of Agricultural Research's Central Coastal Agricultural Research Institute in Goa, told Mint's Puja Das that an alarming 2-5% of fish populations in lakes and ponds may have perished. Warmer water temperatures reduce dissolved oxygen levels, leading to a decline in fish populations. Fish consumption in India varies widely by region, with the highest intake in states like Karnataka, Maharashtra, and Kerala. While per capita consumption has more than doubled over the past two years, prices have increased exponentially. This deep dive by Puja Das explores the perils facing the fisheries industry and the effects climate change is having on our dietary habits.To address the sharp rise in pulse prices, the Indian government has mandated that major retail chains and online grocers report their pulse stock levels twice a week. These retailers include D-Mart, Reliance Retail, BigBasket, Amazon, and Flipkart. This move aims to improve transparency and prevent price manipulation. Recent inspections by government officials at ports and industry hubs revealed that some major retailers had been neglecting to disclose their stocks as required. In response, the Department of Consumer Affairs updated its stock disclosure portal mid-April to more closely monitor these retailers' stock levels, report Mint's Puja Das and Dhirendra Kumar. This regulatory step comes at a time when the prices of common pulses such as chana dal, tur or arhar, urad, masur, and moong have seen significant increases, ranging from 0.6% to 25% year-over-year.We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance. Show notes:Hyundai Motor India IPO set to help parent drive past ‘Korea discount'Why PSU banks are on a roll, explained in chartsFPIs cut bearish bets ahead of budget sessionDead in the water: How heatwaves are killing fishRetail chains face pulses stock rule

Conglomerates: results and investments

Play Episode Listen Later Apr 23, 2024 4:58

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, April 23, 2024. My name is Nelson John. Let's get started:The Indian equity markets bounced back on Monday. Benchmark indices Sensex and Nifty both rose by about 0.8 percent. The country's largest conglomerate, Reliance Industries, filed its earnings report yesterday. While profits were down quarter-on-quarter, overall profit increased 4 percent in FY24, as compared to the previous financial year. The oil and chemicals giant reported a dividend of 10 rupees per share. Reliance Retail and Jio also reported their earnings yesterday, recording steady growth. Since the results were declared after the market closed, RIL's stock didn't record any significant change owing to the results.Let's move to another oil conglomerate, this time from across the Arabian Sea: I'm talking about Aramco, Saudi Arabia's state-owned oil refining company. Aramco's venture capital arm is interested in the Indian startup sector, and is willing to bet on it. Sneha Shah reports that this arm, named Prosperity7 Ventures, is looking to set aside around two to three hundred million dollars to invest in early-stage Indian startups. It plans on spreading that amount across nearly two dozen companies, Sneha writes. Prosperity7 has a portfolio worth about 3 billion dollars worldwide, and wants India to be the home for its next set of investments.You can't talk about conglomerates without talking about the Adani Group. Last year, the group bought a majority stake in infrastructure behemoth Ambuja Cements, and has slowly increased its share in the company. But the plan doesn't stop there, writes Anirudh Laskar: Ambuja is planning a series of acquisitions to overtake Ultratech as the country's number 1 cement company. A capital expenditure of over 9 billion dollars is in the works, Anirudh reports. This would take Ambuja's annual production capacity to at least 180 million tonnes, from about 80 million tonnes now. But Ultratech too has plans to add to its current capacity of 151.6 million tonnes a year. The Adani group has lots to catch up, at least in the cement sector.Metro cities are full of e-commerce deliveries constantly in action: vans, scooters, and even trucks fulfilling orders round the clock. But e-commerce hasn't penetrated as much into India's hinterlands. That is now changing, writes Priyamvada C. E-retailers like Rozana and Floryo are targeting customers in tier 2 cities and beyond, where customers are increasingly ready to pay more for products but unwilling to compromise on quality. These e-tailers are also attracting enough money from investors to become viable businesses, Priyamvada writes. She also spoke to executives from venture capital funds to assess the scope of startups that operate primarily in such markets.Election campaigns are in full flow. In most corners of the country, voters will be choosing between national or state parties. But very rarely will there be a viable independent candidate. Barmer, a desert-laden district in Rajasthan, might just have that. Sayantan Bera profiles Ravindra Singh Bhati, an independent candidate fighting for the seat of Barmer. He seems to be incredibly popular, and at 26, is one of the youngest candidates across the country. Bhati's popularity seems to be credited to his social media presence. On instagram, he has more followers than Barmer has eligible voters. Sayantan writes about how Bhati's campaign is developing, how caste politics are in play again, and asks the crucial question: will this show and dance translate to actual votes come elections?We'd love to hear your feedback on this podcast. Let us know by writing to us at feedback@livemint.com. You may send us feedback, tips or anything that you feel we should be covering from your vantage point in the world of business and finance.We'll be back tomorrow with a fresh episode of Top of the Morning. Have a nice weekend!Show notes:Oil fuels RIL's Q4 showAramco's VC arm in talks for India teamBattle to cement leadership hots up between Adani's Ambuja and Birla's UltraTechThe rise of tier-2 online shoppers: Can they change Indian e-commerce? In desert country, a 26-yr-old ‘reel neta' rises to challenge BJP, Congress

We wanted a new valuation; Reliance Retail didn't get back with one: Naturals Salon & Spa CEO CK Kumaravel

covid-19 ceo beauty dubai spa wanted retail essentials get back valuations reliance naturals salon spa reliance retail

Play Episode Listen Later Dec 18, 2023 27:33

Reliance Retail and Naturals Salon & Spa recently terminated their acquisition agreement citing disparities in the valuation of Naturals Salon & Spa. CK Kumaravel, co-founder and CEO of Naturals Salon & Spa, speaks to businessline about why their recent deal with Reliance didn't work out, the trends in the beauty industry post-pandemic, and the company's expansion plan. Regarding the potential acquisition by Reliance Retail, Kumaravel explains the reasons behind calling off the deal, citing differences in valuation and a lack of mutual interest. The focus is placed on Naturals' commitment to its current momentum, with the opening of numerous salons and the launch of a new beauty and retail concept called Beauty & Essentials. Kumaravel highlights the emergence of a new trend where people seek specialised services from beauty specialists, moving away from traditional generalists. The discussion also touches upon the expansion plans of Naturals, with the opening of salons in Dubai and other international locations. Kumaravel emphasises the changing dynamics in the beauty industry, with an increased frequency of salon visits and a rise in average bill values. The gig economy is identified as a significant factor contributing to increased employment opportunities and income levels in the beauty sector. The conversation also touches on the challenges faced during the COVID-19 pandemic and the subsequent recovery of the industry. Listen in. --- Send in a voice message: https://podcasters.spotify.com/pod/show/business-line/message

ADIA to invest Rs 4966 cr in Reliance Retail Ventures

Play Episode Listen Later Oct 9, 2023 4:06

In this episode, find out about TCS' share buyback proposal, also find out about MCX receiving SEBI approval for commodity derivatives platform. Business Term of the Day: Open market operations

invest retail ventures reliance sebi tcs adia mcx reliance retail

Dunzo fans made it a verb. Then it became just another delivery firm

business technology news verb daybreak ipl dunzo reliance retail

Play Episode Listen Later Oct 2, 2023 13:01

What makes Dunzo unique is that one could never imagine a company its size to have the kind of influence it does.In 2022, a $200 million funding from Reliance Retail sent the quick-commerce startup flying high. It began expanding its dark stores and even ran advertisements in IPL.But the IPL led boom did not last long. The same year, the number and volume of orders began to decline. Dunzo was forced to recalibrate its focus and rethink its strategy.Tune in!Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories

Burman family announces Rs 2116 cr open offer to take control of Religare Enterprises.

family offer take control rs enterprises kkr adani burman religare reliance retail

Play Episode Listen Later Sep 25, 2023 6:17

In this episode, find out about Reliance Retail getting full subscription amount of Rs 2069 crore from KKR, also find out about Adani's plans to refinance $3.5 bn in debt. Business Term of the Day: Private credit fund

Reliance Retail in talks with sovereign wealth funds for $1.5 bn

retail reliance adani paytm sovereign wealth funds reliance retail

Play Episode Listen Later Sep 14, 2023 5:20

In this episode, find out about Adani group in talks with global banks to refinance $3.5 bn debt taken to buy Ambuja Cements, also find out about Paytm appoints new statutory auditor. Business Term of the Day: Mid cap

4012: KKR ups stake in Reliance Retail, two L&T group stocks in focus | Market Minutes

Moneycontrol Podcast

Play Episode Listen Later Sep 12, 2023 10:17

In this episode of Market Minutes, Shailaja Mohapatra talks about Bain Capital's likely block deal in L&T Finance Holdings, the hike in L&T's buyback price and KKR's investment in Reliance Retail at Rs 8.36 lakh crore valuation. Catch Trivesh D. of Tradejini in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends. Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

voice market retail stocks stake rs reliance kkr bain capital reliance industries reliance retail network18

Reliance Retail in talks with investors to raise another $2.5 bn

raise investors retail reliance rbi reliance retail

Play Episode Listen Later Sep 4, 2023 5:29

In this episode, find out about Uday Kotak's sudden resignation, also find out about Bajaj Auto Consumer Finance receiving RBI approval to start business. Business Term of the Day: Liquidity

Why retail shareholders should be wary of unlisted shares

Why Not Mint Money

Play Episode Listen Later Aug 25, 2023 10:50

Join us on this episode of Why Not Mint Money as we unravel the world of unlisted companies and their allure to retail shareholders. From the Reliance Retail squeeze-out saga to the rollercoaster journeys of Ricoh and PharmEasy, we dissect real cases that shed light on the challenges of investing in unlisted shares.

money retail personal finance shares shareholders wary ricoh unlisted reliance retail pharmeasy

Reliance controls just 3 percent of India's retail market. It's still a big deal

ceo business technology news market retail big deals controls reliance reliance retail

Play Episode Listen Later Aug 15, 2023 10:55

Reliance controls just 3% of India's retail market. You might think it's a tiny share. But 80% of the retail industry is unorganised. And overall, the retail sector in our country is worth nearly 900 billion dollars. So to control even 3% of it is a big deal.But it is refining and petrochemicals that is the Reliance's biggest business. Why is it then that since the last three years, Reliance Retail is being made to headline the conglomerate's annual report?Tune in.Free Read:Lenskart's CEO and chief people officer Peyush Bansal has a people problemDaybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

Reliance Retail's Shaurya Tyagi on How to Build More Rapport with Customers

The One to One Consumer Marketing Podcast

Play Episode Listen Later Jul 26, 2023 37:37

Ben speaks with Shaurya Tyagi, Head of Digital Marketing & Loyalty at JioMart partner, the online shopping platform of Reliance Retail, India's largest retailer. They discuss how to increase retention by focusing on building rapport for customers and creating "wow" moments, the need for quality customer experiences in both physical and online marketplaces, and the right way to build relationships on WhatsApp. They also discuss the unique challenges to personalization in India, how AI and humans can work together for better customer experiences, and remembering that audiences are more than just numbers. Topics discussed: Shaurya's journey from building a D2C business for an insurance company, working in gaming, and working for a mobile manufacturing company, to overseeing retention and loyalty at JioMart partner, the online shopping platform of Reliance Retail. How to build brand and product awareness in both physical stores and through online websites and marketplaces, and how to create "wow" experiences across channels. The importance of building a rapport with your customer in order to build trust, solve problems, and exchange value. The challenges to customer retention and personalization in India, especially when so many people speak so many different languages. How to engage customers through messaging on WhatsApp, and why the best customer experience is to create relevant content for them that draws them to engage with you. How AI and humans can work together to create better customer service experiences. Advice for marketers that includes why it's important to remember that your audience is not just numbers, but people. Views mentioned in the podcast are personal and do not represent the organization Shaurya works in or has worked in the past.

head ai advice whatsapp customers retail views loyalty digital marketing rapport reliance d2c tyagi shaurya reliance retail

Sheela Foam Kurls On Furlenco's Bed

head indian foam reliance industries reliance retail

Play Episode Listen Later Jul 22, 2023 8:07

In today's episode for 22nd July 2022, we explain why Sheela Foam is making some big acquisitions. Before we begin today's episode, here's a quick side note — A few days ago, Reliance Industries announced that it was buying back Reliance Retail's shares at ₹1362/per share. And investors were upset! Why? Because they had purchased these unlisted shares at ₹3000!! And they felt cheated by the family of the richest Indian. But what's the truth? Head over to our YouTube channel to find out. In our latest YouTube video we present an in-depth explanation of all that went down with Reliance Retail and minority shareholders. Please click this link - https://finshots.in/markets/sheela-foam-kurls-on-furlencos-bed/ And now back to our story —

Reliance Retail shows why the unlisted market is not for the fainthearted

business technology news market retail rs reliance mukesh ambani unlisted reliance retail

Play Episode Listen Later Jul 16, 2023 11:57

From Rs 400 per piece in 2019, the shares of Reliance Retail, went up to Rs 4000 by 2021 in the unlisted market. Reliance Retail is India's largest operator of supermarkets, apparel outlets, and electronics stores. And its shares were the hottest cake in the grey market for a while.Many investors expected it go go for a public listing until a little more than a week ago when Mukesh Ambani threw in a surprise. The company said it would effectively cancel the holdings of its minority investors and offer them Rs 1,362 per share. Basically, Reliance Retail had cancelled its shares held by minority investors leaving them shocked and confused.What made the company take this decision? And what should retail investors learn from this? Tune in.RecommendationWhy investors are buying what Reliance Retail is sellingDaybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

Did Reliance really cheat its shareholders?

cheat reliance shareholders reliance retail

Play Episode Listen Later Jul 12, 2023 9:06

In today's episode for 12th July 2023, we explain why minority shareholders are unhappy with Reliance Retail. If you're a person who is a recruiter and has about 4+ years of experience, Ditto is looking to recruit a Talent Acquisition Specialist (Recruiter). If you're interested or know someone who is please click this link - bit.ly/3NLyHaO

Dunzo fans made it a verb. Then it became just another delivery firm

Play Episode Listen Later May 17, 2023 12:51

What makes Dunzo unique is that one could never imagine a company its size to have the kind of influence it does.In 2022, a $200 million funding from Reliance Retail sent the quick-commerce startup flying high. It began expanding its dark stores and even ran advertisements in IPL.But the IPL led boom did not last long. The same year, the number and volume of orders began to decline.Dunzo was forced to recalibrate its focus and rethink its strategy. Tune in!Daybreak is produced from the newsroom of The Ken, India's first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, analytical business stories.

business technology news delivery firm verb daybreak ipl dunzo reliance retail

#400: Vaibhav Tushar on the strategies for retaining the talent pool and the hybrid work model

The Shape of Work

Play Episode Listen Later Apr 27, 2023 21:31

“A positive work culture can be a key factor in retaining top talent and employees. HR managers should focus on an environment where employees feel valued, respected, and supported.”Welcome to another episode of The Shape Of Work Podcast. In this episode, we have Vaibhav Tushar, Human Resource Business Partner at Walmart, the world's biggest retailer. Vaibhav sheds light on retaining an organisation's talent pool and the importance of a positive work culture.Vaibhav has an overall work experience of over a decade. He did his B.Tech from the Cochin University of Science and Technology and his MBA from XLRI Jamshedpur. He kicked off his career at Infosys as a Senior Systems Engineer and later went on to work at various organisations including Hindustan Coca-Cola, Larsen & Toubro Infotech Ltd, Reliance Retail, etc.Episode HighlightsHow to design and structure an overall strategy for retaining the organisations talent pool?How has the hybrid workspace model impacted the industry?The industrial revolution and the impact of covid-19Advice to budding HR professionalsFollow Vaibhav on LinkedinProduced by: Priya BhattPodcast Host: Aparajeeta BoroAbout Springworks:Springworks is a fully-distributed HR technology organisation building tools and products to simplify recruitment, onboarding, employee engagement, and retention. The product stack from Springworks includes:SpringVerify— B2B verification platformEngageWith— employee recognition and rewards platform that enriches company cultureTrivia — a suite of real-time, fun, and interactive games platforms for remote/hybrid team-buildingSpringRole — verified professional-profile platform backed by blockchain, andSpringRecruit — a forever-free applicant tracking system.Springworks prides itself on being an organisation focused on employee well-being and workplace culture, leading to a 4.8 rating on Glassdoor for the 200+ employee strength company.

science strategy technology tech model mba walmart hybrid larsen retaining glassdoor infosys tushar vaibhav talent pool senior systems engineer hybrid work model reliance retail human resource business partner xlri jamshedpur

How e-pharmacies are living but still on the edge

amazon business technology news apollo pharmacy tata flipkart reliance retail

Play Episode Listen Later Apr 23, 2023 12:05

Ever since they came up a little less than a decade ago, e-pharmacies have been fighting a constant battle. On one hand there is the severe pushback from traditional pharmacy lobbies and on the other, the lack of a regulatory mechanism.It was only in 2017 that the government officially acknowledged their existence. It was a small win, but a win nonetheless. But the draft e-pharmacy rules that the government came up with a year later were never notified.Despite this, e-pharmacies continued operating and their importance was only highlighted further during the pandemic.But in February this year, the Central Drugs Standard Control Organisation (CDSCO) sent show-cause notices to 20 e-pharmacies. These included Tata 1mg, Amazon, Flipkart, Reliance Retail-owned NetMeds, MediBuddy, Practo and Apollo.However, e-pharmacies are here to stay.Tune in to find out more

Today's Stock Market News - 06/04/2023 | Parimal Ade | Aaj ki Taaza Khabar

Play Episode Listen Later Apr 6, 2023 16:34

Coupon code: IPL (50% off on Regular Income with Growth - MF Only, Conservative Model Portfolio, All Seasons ETF Portfolio)00:00 Introduction00:16 World Market Outlook03:31 Credit Suisse integration will take up to 4 years, says UBS Chairman04:39 Global trade may grow 1.7% in 2023 despite War: WTO05:15 US-China conflict could hit global GDP: IMF06:02 India's services growth eases in March07:13 India has trade deficit with China in electronic components, computer hardware08:04 DMart Q4 Update09:12 Adani trupets stable ties to global banks in bid to ease investor worries10:59 India's FY23 steel exports slump to 5-year low, imports at 4-year high11:48 Private banks post strong Q4 credit, deposit growth12:48 AC annual sales to grow 25% till 2028: Blue Star MD13:48 Reliance Retail launches Tira14:37 Gold jumps ₹1,062; touches new high of ₹60,53815:31 ConclusionComplete Fundamental Stock Analysis Tool - Stock-o-meter:https://investyadnya.in/stock-o-meterResearch Based Ready-made Model Portfolios:https://investyadnya.in/model-portfoliosComprehensive Mutual Fund Reviews:https://investyadnya.in/fund-o-meterYadnya Books and eBooks now available:On Amazon - https://amzn.to/2XKtlksOn our website - https://investyadnya.in/booksFind us on Social Media and stay connected:Blog - https://blog.investyadnya.inTelegram - http://t.me/InvestYadnyaFacebook Page - https://www.facebook.com/InvestYadnyaFacebook Group - https://goo.gl/y57QcrTwitter - https://www.twitter.com/InvestYadnyaLinkedIn - https://www.linkedin.com/company/investyadnya/#InvestYadnya #YIALEGAL DISCLAIMER: Use of this information is at the user's own risk. The Company and its directors, associates and employees will not be liable for any loss or liability incurred to the user due to investments made or decisions taken based on the information provided herein. The investment discussed or views expressed herein may not be suitable for all investors. The users should rely on their own research and analysis and should consult their investment advisors to determine the merit, risks and suitability of recommendation. Past performance is not a guarantee for future performance or future results. Information herein is believed to be reliable, although its accuracy and completeness cannot be guaranteed. The images used may be copyright of the company or third party. As a condition to using the services, the user agrees to the terms of use of the website and the services. DISCLOSURES UNDER SEBI (RESEARCH ANALYST) REGULATIONS, 2014:Yadnya Academy Pvt. Ltd. (InvestYadnya) is registered with SEBI under SEBI (Research Analyst) Regulations, 2014 with registration no. INH000008349.Disclosure with regard to ownership and material conflicts of interest1. Neither Research Analyst nor the entity nor his associates or relatives have any financial interest in the subject Company;2. Neither Research Analyst nor the entity nor its associates or relatives have actual / beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report or date of public appearance;3. Neither Research Analyst nor the entity nor its associates or his relatives have any other material conflict of interest at the time of publication of the research report or at the time of public appearance. Disclosure with regard to receipt of Compensation1. The Research Entity and its associates have not received compensation from the subject company in the past twelve months.2. The subject company is not or was not a client during the twelve months preceding the date of recommendation.

amazon social media china gold global blog private ebooks ac disclosure us china credit suisse coupon ipl sebi adani stock market news model portfolios reliance retail parimal booksfind

Adani Enterprises' FPO faces critical final day

faces walt disney enterprises sephora final day adani reliance retail

Play Episode Listen Later Jan 31, 2023 5:16

In this episode, find out about Welspun International's brand licensing agreement with Walt Disney, also find out why Sephora and Reliance Retail deal fell through Business Term of the Day: Short squeeze

Reliance Retail Ventures to sell 2% stake in Just Dial

retail dial ventures stake reliance reliance retail

Play Episode Listen Later Dec 20, 2022 5:00

In this episode, find out about the block deal by promoters of Dabur India, also find out why markets have hit day's low in trade today Business Term of the Day: Anchor Investors

Reliance launches "Independence" FMCG Brand | EP942

Namastey India

Play Episode Listen Later Dec 17, 2022 6:34

Aaj ke episode me baat karenge Reliance Retail chain ke naye FMCG brand Independence ke baare me aur janenge kya hai is brand ke naye products aur kise de raha hai ye takkar.

brand independence launches reliance fmcg aaj reliance retail

Adani, Reliance Retail in race to bid for Future Retail

race indian retail reliance adani reliance retail future retail

Play Episode Listen Later Nov 11, 2022 4:19

In this episode, find out about DCX System' strong listing, also find out why Indian markets have surged in trade today Business Term of the Day: Custodian bank

Credit and More: Mukesh Ambani's Financial Foray

The Morning Brief

Play Episode Listen Later Nov 3, 2022 35:14

What happens when a disruptor like Reliance doubles down in financial services? It's the network effect really. A large telecom and retail and digital services empire throwing up tons and tons of data … all getting churned from within the Reliance Retail and the Jio ecosystem, captive and waiting to be mined and then monetized profitably through financial services both for consumers and merchants. It's the Ant, Tencent, Gojek, Grab or even the Singtel playbook one can argue. But isn't it a crowded Indian market with banks, shadow lenders, and fintech upstarts all jostling for market and consumer's wallet share? Will data privacy be a concern? Host Arijit Barman goes hunting for loans with Mohan Jayaraman, Partner at Bain & Company in Singapore, a specialist in analytics and fintech for a ringside view on the analytics revolution that's playing out across Asia and senior journalist and TMB co-host Kalpana Pathak, who also tracks Reliance, energy and infrastructure for the Economic Times. Credits: Reliance, CNBC-TV18, Business Standard and DeshGujaratHD You can follow our host Arijit Barman on his social media:Twitter - https://twitter.com/arijitbarman76Linkedin - https://www.linkedin.com/in/arijit-barman-7233a129/ Catch the latest episode of ‘The Morning Brief' on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.See omnystudio.com/listener for privacy information.

Fashion Industry Is In A Fix!

The Signal Daily

Play Episode Listen Later Oct 20, 2022 6:19

Reliance Retail has now entered into a distribution partnership with over 50 traditional and regional sweets makers from across India to mass produce, modernise packaging and develop traditional Indian sweets with extended shelf life.In other news, a report in the Wall Street Journal has pointed out that thousands of small factories and workshops that supply big brands such as Gucci and H&M, are finding it hard to keep up. Their orders are dropping and their energy bills are soaring. You can listen to this show and other awesome shows on the IVM Podcasts app on Android, iOS or any other podcast app.You can check out our website at https://ivmpodcasts.com/.Do follow IVM Podcasts on social media.We are @IVMPodcasts on Facebook, Twitter, & Instagram.Follow the show across platforms:Spotify, Google Podcasts, Apple Podcasts, Amazon Prime Music.See omnystudio.com/listener for privacy information.

spotify fashion indian wall street journal android ios google podcasts signal gucci fashion industry ivm ivm podcasts business of fashion amazon prime music reliance retail

E Comm Sales, Caratlane, & New trends in Indian Cinema

Think Fast with Varun and Suchita

Play Episode Listen Later Oct 5, 2022 50:23

It's Midweek Madness on Think Fast with a long list of different things happening around the world. We cross yet another record of a long introduction with some interesting stories beginning with how Varun looks similar to Hritik Roshan in Vikram Vedha. Varun & Suchita further discuss Tesla's new Optimus robot, Trevor Noah quitting 'The Daily Show' and apparently dating Dua Lipa, some stats around recently concluded EComm sales, ONDC setting up a store in Bengaluru, subscription social media ft. Social Home, Uniqlo profiting in the Indian market, Reliance Retail launches Zara competitor, Pharell Willams' company 'Joopiter', Razorpay acquires Poshvine, and Netflix's gaming studio. They deep dive into the following 2 stories: How Cinema from South India has gained popularity pan India, and how films are now not restricted to just language/region but accessibility has made sure everyone appreciates a good film irrespective. How TATA made good business decisions and minted a unicorn with Caratlane. Suchita recommends a podcast: On with Kara Swisher Varun's suggestion: Kara Swisher & Bob Iger (Ex Disney) interview Varun recommends a book: Discipline is Destiny by Ryan HolidayVarun & Suchita also answer a few listener questions on the show. Do share yours on the below-mentioned handles.You can follow Varun Duggirala on Twitter at: https://twitter.com/varunduggi and on Instagram at https://instagram.com/varunduggiYou can follow Suchita Salwan on Twitter at https://twitter.com/suchitasalwan and on Instagram at https://instagram.com/suchitasalwanCheck out video episodes on the Think Fast YouTube Channel.Find the show across audio streaming apps:Spotify | Apple Podcasts | Google Podcasts | JioSaavn | Gaana | Amazon MusicDo follow IVM Podcasts on social media.We are @IVMPodcasts on Facebook, Twitter, & Instagram.You can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android or iOS.

Can Reliance repeat its brick-and-mortar success in e-commerce?

Play Episode Listen Later Sep 29, 2022 6:55

Reliance Retail -- the country's largest retailer -- has said that during the April-June quarter it recorded 175 million footfalls, which was 19 per cent above pre-Covid levels, and opened 792 stores. Overall, the retailer has 15,866 operational physical stores. And the footfalls reflected in the profit too. Reliance Retail clocked a 114 per cent jump in its net profit at Rs 2,061 crore for the April-June quarter compared to last year. The company said that it has delivered its best-ever quarterly gross revenue at Rs 58,554 crore, up 51.9 per cent year-on-year. The retailer's business grew five times over the last year when it comes to luxury and premium brands. This growth was driven by fully operational mall stores and in-store events. Clearly, the brick-and-mortar segment's performance played a major role in Reliance Retail's success. So, can it repeat that success in the e-commerce space, too? US-based research group Bernstein estimates that Walmart-owned Flipkart was leading the Indian e-commerce market with annual sales of $23 billion in 2021. Amazon was the second-biggest player with between 18 to 20 billion dollars of gross merchandises value or GMV last year. GMV is the value of all the goods sold on any platform. Reliance came next with e-commerce sales of around $4.6 billion. However, Amazon has more sellers at 700,000, compared to Flipkart's 450,000 and JioMart's 300,000. Reliance's competitors also have a wider selection. Amazon has nearly 170 million products across more than 100 categories, while Flipkart has over 150 million products across 80 categories. It certainly has ambitious plans in this space. JioMart, Reliance Retail's digital commerce platform, is morphing into an e-marketplace. In pursuit of this goal, the company has been onboarding third-party sellers for the past few months, further increasing its offerings across categories multifold. In August, Facebook parent Meta and Jio platforms also announced the launch of the first-ever shopping experience on WhatsApp. Reliance Retail said that this was a global first, adding that JioMart on WhatsApp would enable users, including those who had never shopped online before, to browse through JioMart's entire grocery catalog, add products to the cart, and complete the purchase by making the payment – all without leaving their WhatsApp chat. Reliance Retail is also foraying into the fast-moving consumer goods, or FMCG, space. It is taking its private label brands to general trade. Here, too, the digital platform will play a key role. Dolat Capital VP Sachin Bobade told Business Standard that because of its own distribution through JioMart, Reliance Retail has consumer information. This would make it easier for the company to launch its products and gauge the demand for them. There are various strategies Reliance can and may deploy to take on the e-commerce giants. According to Bernstein, Reliance already leads in the e-grocery and online-to-offline categories with its 15,000-store retail footprint and a strong inventory-led model. Reliance Retail is also rapidly increasing the categories in which it has offerings through acquisitions. It has bought online pharmacy Netmeds and online furniture retailer Urban Ladder. It has also acquired digital lingerie seller Zivame and online grocer MilkBasket. Adding to that, Reliance Retail is reportedly in advanced talks to get the rights for beauty retailer Sephora in India. There is a lot of premium on the first-mover advantage in the e-commerce sector. Overcoming this disadvantage will require the successful implementation of Reliance's "retail plus" strategy, wherein Indians will shop in its physical stores or on JioMart, use its mobile and WiFi networks, get their entertainment over Jio Cinema, and pay for all of it using JioMoney. If it can ensure that the consumer never leaves this 'Jio bubble', then competing with the likes of Amazon and

TMS Ep270: Oracle's trouble, Reliance JioMart, IT stocks, NaVIC

Play Episode Listen Later Sep 29, 2022 24:22

US technology giant Oracle has been accused of bribing government officials in India, Turkey and UAE to grab business contracts. Charged with violating America's Foreign Corrupt Practices Act, the company is paying $23 million as penalties to settle the case. In 2012 too, Oracle was accused of bribing Indian officials, and had to settle the matter in the US. Walmart and Cognizant too have faced similar allegations. While multinationals are held accountable and pay for such violations in the US, does the same happen in India? Meanwhile, US multinationals Amazon and Walmart -- which owns Flipkart -- are up for a stiff competition. Reliance JioMart is upping its game, trying hard to catch up with the two giants. Ahead of festival season, it is offering a one-stop-solution for all shopping needs, from electronics and consumer durables to fashion, lifestyle and grocery. This ambitious digital push raises a crucial question. Can Reliance repeat its brick-and-mortar success in e-commerce? Stock of Reliance Retail has soared over 200% in the last five years, in tune with its growth during the period. Meanwhile, fears of a global recession have weighed heavily on domestic IT stocks this year. As investors remain bearish on these counters due to concerns that the US and European clients may slash their IT budgets, do the sector valuations make them a contrarian bet? After the IT stocks, let us shift our focus to the government's plan to make India self-reliant. Mobile manufacturers recently assured the government that they will install NavIC -- a homegrown navigation system developed by ISRO – in new 5G devices starting January 1, 2025. NavIC is India's alternative to GPS. Let us find out more about it in this episode of the podcast.

america amazon european indian turkey walmart mobile gps stock 5g oracle stocks uae charged reliance cognizant flipkart isro foreign corrupt practices act reliance retail navic

Reliance Retail announced the launch of its fashion and lifestyle departmental store format

MONEY FM 89.3 - Your Money With Michelle Martin

Play Episode Listen Later Sep 28, 2022 4:14

In this episode, find out about BHEL getting an order from NTPC and how much film exhibition company PVR Cinemas will invest to open 100 new screens in FY23.

lifestyle fashion launch retail reliance departmental reliance retail bhel

Market View: US Fed 75 basis point hike, Reliance Retail eyes Sephora rights, First Reit, Amazon, Meta, Salesforce, Tencent, Berkshire Hathaway, SATS plans to acquire Worldwide Flight services

Play Episode Listen Later Sep 22, 2022 24:40

Overnight, the US Federal Reserve delivered yet another aggressive rate hike, raising interest rates by 75 basis points. How has the market been reacting to it so far? In other news, why is Reliance Retail setting its eyes on the beauty and personal care market in India? Michelle Martin and Ryan have the details. They also talk about the rationale behind SATS's plan to acquire Worldwide Flight services and what's attracting the attention of Singapore companies in Japan's aged care industry. See omnystudio.com/listener for privacy information.

This or That : DMart vs Reliance Retail | Sunday Podcast | Mandar Purandare & Aastha Khurana

retail reliance mandar khurana sunday podcast aastha reliance retail

Play Episode Listen Later Sep 19, 2022 4:48

Divestment of BPCL not on the table, says oil minister Hardeep Puri

market table minister fairfax puri divestment hardeep reliance retail bpcl

Play Episode Listen Later Sep 16, 2022 5:22

In this episode, find out about Reliance Retail's plan to double its borrowing limit to ₹1 lakh crore, and also find out about Fairfax's move to sell a majority stake in Fairchem Organics Business Term of the Day: Mark to Market.

Quiet Quitting, Ordering Grocery on Whatsapp, & Fake Cloud Kitchens

Think Fast with Varun and Suchita

Play Episode Listen Later Sep 7, 2022 55:24

This week, it's Varun & Amit as Suchita is on a much-deserved break in the US. Amit & Varun begin by talking about some significant happenings that include an ongoing wave of the great resignation, Twitter and its Edit button that's being tested, a nostalgic dive into the days of Campa Cola and the joy of Reliance having acquired it denoting the possibility of seeing it in the market soon, Starbucks' new Indian Origin CEO, and the absurdity of some LinkedIn posts. For the top stories, we have Jio Mart's collaboration with Whatsapp facilitating ordering groceries easily, Fake Cloud Kitchens and how one single FSSAI license has more than 200 restaurants operating under it, YouTube testing a podcasts tab on its home page, and a deep dive into Quiet Quitting & Quiet Firing. Amit Recommends a show 'The Brink' which is available on Disney+Hotstar & a book 'A Children's History of India'.Varun recommends the book 'Build' by Tony Fillips.Varun & Suchita also answer a few listener questions on the show. Do share yours on the below-mentioned handles.You can follow Varun Duggirala on Twitter at: https://twitter.com/varunduggi and on Instagram at https://instagram.com/varunduggiYou can follow Suchita Salwan on Twitter at https://twitter.com/suchitasalwan and on Instagram at https://instagram.com/suchitasalwanCheck out video episodes on the Think Fast YouTube Channel.Find the show across audio streaming apps:Spotify | Apple Podcasts | Google Podcasts | JioSaavn | Gaana | Amazon MusicDo follow IVM Podcasts on social media.We are @IVMPodcasts on Facebook, Twitter, & Instagram.You can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android or iOS.

What should investors expect from RIL's 45th AGM?

managing directors investors 5g analysts iot rs jerome powell agm us federal reserve ambani mukesh ambani reliance industries agms ril reliance retail

Play Episode Listen Later Aug 26, 2022 3:54

One of the most awaited Annual General Meetings of India Inc – that of Reliance Industries – will be held on Monday, August 29. Announcing the launch of Jio Phone with refundable deposit in its AGM in July 2017 to laying out new energy blueprint with Rs 75,000 crore investment in the one held in 2021, RIL is known for making big-bang announcements in its AGMs. And this time could be no different. The Mukesh Ambani-led company's AGM could yet again spell out details on how the company plans to embark on the journey of new energy as well as 5G technology. Besides, the Ambani's plan to unleash growth potential of Reliance Retail would also be keenly watched by market participants and investors alike. Deven Choksey , Managing Director, KR Choksey Investment Managers says, plans for 5G likely to hog limelight. 5G will drive IoT, cloud computing businesses. Reliance Retail to be another focus area this time. Expect updates on synergies from strategic investments in the vertical. Analysts, however, believe that despite the two segments seeing tremendous strength, Mukesh Ambani may not give detailed timeline regarding their stock market listing. What investors could see, though, is an update on the progress made on the same, they say. Experts believe the chairman may give specifics on how he plans to invest 75,000-crore rupees that he had set aside for the new energy vertical last year. Nirav Karkera, Head – Research, Fisdom says RIL has been developing green energy ecosystem. Expect update on synergies from these activities, he says, adding that one should expect updates on green hydrogen, solar power segments at the AGM this year. Along with the new energy segment, the company may also revive plans of an oil-to-chemicals demerger, which was shelved last year. Overall, Reliance Industries' 45th AGM is expected to be an announcement-heavy one, with details being given on the acquisitions and investments done so far. As regards today, all eyes will be on US Federal Reserve chairman Jerome Powell's address at the Jackson Hole Symposium. Besides, oil price movement, foreign fund flow and stock-specific action will guide the markets.

RBI eases forex rules to defend rupee

defend forex eases rupee spicejet reliance retail

Play Episode Listen Later Jul 7, 2022 4:57

In this episode, find out why DGCA issued show-cause notice against SpiceJet, and also find out about Reliance Retail's partnership with US apparel major Gap Inc Business Term of the Day: FCNR Deposits

Why is the Indian market a hard nut to crack for foreign retailers?

Play Episode Listen Later May 23, 2022 8:27

The battle for dominance in India's physical retail space has seen many casualties. Even the likes of Aditya Birla Group and Godrej Group, which are among the country's largest conglomerates, had to pack the bags and leave. In 2018, the Aditya Birla Group sold its More supermarket chain to Samara Capital and Amazon. Then, in 2019, the Godrej Group offloaded its grocery outlets under the Nature's Basket brand to Spencer's Retail. Let us take one more recent example. With more than 1,500 stores, Future Retail was once India's second-largest retailer. Now, Future Retail, along with other group companies, is being taken to the National Company Law Tribunal as lenders seek to recover their dues under the Insolvency and Bankruptcy Code. This leaves Reliance Retail and Avenue Supermarts-run DMart as India's top retailers. However, the going has been just as tough, if not more, for foreign firms. According to a recent report by one financial daily, Amazon, Reliance Retail, Avenue Supermarts, Tata Group, Lulu Group, and Samara Capital are among those looking to buy German retailer Metro AG's Indian cash-and-carry operations for anywhere between $1.5-1.75 billion. Metro has been running a chain of 31 cash-and-carry stores across India since 2003. According to the report, the decision to cash out came after intense competition and the large investments needed to sustain operations forced the company to carry out a detailed business review. In 2020, Reuters reported that Walmart Inc, the world's largest retailer, had fired 56 of its executives in India. The move, agency said that, underscored the challenges Walmart was facing in expanding its wholesale business in India. Carrefour, one of the largest retail chains in the world, had also exited India in 2014, less than four years after it had opened its first store in the country. According to a report from March this year, a top official at the American retail giant Walmart said that the company was not keen on opening direct-to-consumer physical stores in India. Instead, it would focus on growing its acquisitions -- which are online marketplace Flipkart and payments major PhonePe. In 2019, Amazon invested close to rs 1,500 crore for a 49% stake in Future Retail's promoter entity Future Coupons. Thus, indirectly gaining a 4.8% stake in the former. Amazon's aim was to expand its foothold in India's retail market. But it didn't happen. As a previous Morning Show story had explained, companies like Amazon face more hurdles when it comes to tapping India's retail consumer base. This is because foreign investment in offline multi-brand retail is tightly controlled. India allows 51% FDI in multi-brand retail under the government route.

Reliance Retail and Jio - IPOs Coming Soon! Good News for RIL Shareholders

good news coming soon retail reliance shareholders reliance retail

Play Episode Listen Later May 2, 2022 2:13

#218: How organizations can incorporate design features and amenities to prompt workplace well-being, with Sunjoy Dhaawan

The Shape of Work

Play Episode Listen Later Apr 22, 2022 22:59

“All organizations have to be sensitive towards their employees' needs and provide customized policies and solutions.” That's an idea that Sunjoy doesn't just understand deeply, but has codified and taught to others as well. Sunjoy Dhaawan, VP of HR at DHL Express India has spent almost a decade shaping their framework and making DHL a great place to work. Prior to joining DHL, Sunjoy worked with MNCs like Colgate Palmolive, Johnson Controls, Otis Elevator, and Reliance Retail.He also bagged global awards like Gold ‘Employer of Choice' Award, DP DHL Health and Wellbeing award in India (2014).Episode Highlights:How can organizations incorporate design features and amenities to prompt well-being at the workplaceMajor challenges in adapting to this new normalHow to empower employees and build a workforce aligned with the company's vision His vision for 2022 for HR influence and how HR professionals can connect communities through collaborative technologiesChanges that need to be brought about by organizations to seize the moment for the long termFollow Sunjoy on LinkedInProduced by: Priya BhattPodcast Host: Nikita Chowdhary About Springworks:Springworks is a fully-distributed HR technology organization that is building tools and products to simplify recruitment, on-boarding, employee engagement, and retention. The product stack from Springworks includes:SpringVerify — B2B verification platformEngageWith — employee recognition and rewards platform that enriches company cultureTrivia — a suite of real-time, fun, and interactive games platforms for remote/hybrid team-buildingSpringRole — verified professional-profile platform backed by blockchain, andSpringRecruit — a forever-free applicant tracking system.Springworks prides itself on being an organization focused on employee well-being and workplace culture leading to a 4.8 rating on Glassdoor for the 200+ employee strength company

design workplace wellbeing organizations incorporate prompt dhl glassdoor amenities colgate palmolive johnson controls mncs otis elevator reliance retail

Zomato to Launch 10 Minute Food Delivery: Innovation or Absurd?

Backstage with Millionaires

Play Episode Listen Later Mar 26, 2022 9:50

This week in Indian startup news, Zomato to launch 10-minute food delivery, Ola Electric to bring 5-minute EV charging to India, After Infra.Market, Income Tax Department raids Zetwerk and Reliance Retail acquires 89% stake in Clovia. In funding news, OfBusiness' lending arm Oxyzo raises $200 million, Plum raises $35 million and Leverage Edu raises $22 million. Zomato to launch 10-minute food delivery: Last year, it was grocery delivery that was disrupted by the 10-minute delivery startups and now Zomato has announced their plans to launch Zomato Instant to deliver your food in just 10 minutes at your doorsteps. They are planning to pilot Zomato Instant in Gurugram with four ‘finishing stations' - starting next month. Ola Electric to bring 5-minute EV charging to India: have partnered with an Israeli startup named StoreDot to bring their revolutionary 5 minute extreme fast charging technology to India. With this partnership, Ola will be getting exclusive rights to manufacture batteries integrating StoreDot's 5-minute charging technology. This means we can see Ola bringing 5-minute charging to their flagship electric scooters Ola S1 and Ola S1 Pro. After Infra.Market, Income Tax Department raids Zetwerk: Last week, we talked about how the IT (Income Tax) department was raiding the offices of Infra.Market - a B2B construction materials marketplace and now it's being reported that the startup had an undisclosed income of ₹224 crore. Now, a B2B marketplace for manufacturing items Zetwerk is also allegedly being investigated for tax evasion. The Income Tax department is conducting raids at their offices as well as their founder's homes. Reliance Retail acquires 89% stake in Clovia: Reliance Retail has acquired 89% stake in D2C women's innerwear brand Clovia in a deal worth ₹950 crore. This isn't the first time Reliance is acquiring a women's innerwear startup, in fact, this is their third such acquisition in three years - other two being Zivame (in 2020) and Amante (in 2021) and now Clovia. OfBusiness' lending arm Oxyzo raises $200 million: OfBusiness' lending arm Oxyzo has raised $200 million in a round led by Alpha Wave Global and Tiger Global – making them India's 13th unicorn of 2022. Plum raises $35 million: D2C beauty brand Plum has raised $35 million in a round led by A91 Partners to help strengthen their omnichannel strategy by scaling their exclusive outlets to 12-15 in the next 2-3 months, add more products in categories beyond skincare, and expand their geographical reach. Leverage Edu raises $22 million: Edtech startup Leverage Edu which offers a one-stop platform for students to help them study abroad has raised $22 million to expand their presence in existing markets like Australia, India and Nigeria and to plan an initial launch in new markets like the US.

australia israel innovation market indian launch nigeria b2b israelis ev edtech absurd reliance income taxes plum 10 minute amante food delivery d2c infra zomato tiger global gurugram ola electric storedot reliance retail zetwerk income tax department

Reliance Retail buys Clovia; Sarah and Ajit Isaac fund new IISc centre; Cricketer Mahela Jayawardene co-founds cloud-sec startup

Forbes India Daily Tech Brief Podcast

Play Episode Listen Later Mar 21, 2022 4:39

Reliance Retail, part of the Reliance Industries conglomerate, is acquiring an 89 percent stake in direct-to-consumer brand Clovia for $125 million. Indian Institute of Science has entered into an MoU with Ajit Isaac, founder and chairman of Quess Corp, and his wife Sarah Isaac, for establishing a Centre for Public Health at the IISc campus. Plus, Sri Lankan Cricketer Mahela Jayawardene co-founds a cyber security venture. Reliance Retail, part of the Reliance Industries conglomerate, is acquiring an 89 percent stake in direct-to-consumer brand Clovia for $125 million as the largest Indian retail chain looks to expand its footprints in the apparel and innerwear categories, TechCrunch reports. Eight-year-old Clovia, which operates a ‘bridge-to-premium D2C brand' and sells over 3,500 products across innerwear and loungewear categories for millennial women, had raised about $25.8 million before Sunday's announcement. India's Income Tax Department has found and seized “a large number of incriminating pieces of evidence” that reveals a Pune and Thane-based unicorn startup, referring to Infra.Market, “booked bogus purchases” and disclosed an additional income of more than $29.4 million, TechCrunch reports. Infra.Market's investors include Tiger Global, Nexus Venture Partners and Accel, and is valued at $2.5 billion. The startup helps construction and real estate companies procure materials and handle logistics for their projects. The company “made huge unaccounted cash expenditure and obtained accommodation entries, aggregating to the tune of over Rs 400 crore ($52.7 million),” the department said in a statement, according to TechCrunch. The Indian Institute of Science has entered into an MoU with Ajit Isaac, founder and chairman of Quess Corp, and his wife Sarah Isaac, for establishing a Centre for Public Health at the IISc campus. The Isaacs have committed a sum of Rs. 105 crore towards setting up this Centre, which will be called the Isaac Centre for Public Health (ICPH), and will be a part of the postgraduate Medical School, soon to be established on campus. The Centre will be operational by 2024. Sri Lankan cricketer Mahela Jayawardene has teamed up with technology entrepreneurs Chandita Samaranayake and Stefano Harding, to co-found Dygisec, a Singapore based cyber security company, according to a press release from the company. With operations in Sri Lanka, Singapore, the US, and with plans to expand into Australia and the UK, Dygisec will offer its agent-less, data-driven cloud compliance policy engine called Triton. The company also plans to form a Cloud Security Academy to train and certify 5,000 cloud security experts representing women, financially-challenged and differently-abled individuals in Sri Lanka over the next three years. Loop, a startup building a user research tool for software product development teams, has raised $1 million in pre-seed funding led by VC firm Speciale Invest. Additional funding for the startup, founded by Kritika Oberoi and Akash Tandon, is coming from First Cheque, angel investors and a grant from Sequoia Capital India as part of the Sequoia Spark program. Looppanel allows product and design teams to analyse and share insights from Zoom-based user interviews in minutes. Product managers and designers can quickly test their assumptions and prototypes with their own customers. Theme music courtesy Free Music & Sounds: https://soundcloud.com/freemusicandsounds

australia uk science zoom market startups indian product cloud singapore retail fund public health vc sri lanka loop buys rs techcrunch medical school reliance sri lankan pune isaacs d2c mou triton cricketers indian institute infra thane ajit accel free music tiger global reliance industries iisc sequoia capital india reliance retail income tax department nexus venture partners

What are Dunzo CEO Kabeer Biswas's plans about funding and growth?

School of Marketing for Small & Medium Businesses by Branding by Pixels

Play Episode Listen Later Feb 21, 2022 6:58

Q1: Generally, startups go to private equity funds and in various rounds raise money and valuation. You have done which is very different. You have gone to a large company that is also a major player in the retail space. So what was the reason? Ans: >Building a new format of retail over the next 10-15 yrs >Consumerism is getting quicker >In strategic partnership with Reliance Retail with a long term vision >The partnership is likely to help double the business volume in 5-10 yrs >Leverage existing Reliance Retail supply chain in all cities of India and deliver merchandise to customers in 15-20 mins >Can partner with Reliance Retail in their omnichannel retailing >Open to working with financial investors in the next 5 years Q2: You were saying that the partnership will change the speed at which you can grow. You were in seven cities and talked about reaching 20 cities. You are looking at a very moderate growth/expansion rate in cities. How will that change? Ans: >Quick commerce daily and weekly essentials business will be in 20 Indian cities by the end of 2022 >B2B business will be in 50 cities of India by the end of 2022 >Partner with Reliance Retail in their omnichannel delivery platform Q3: What is the number of SKUs will you have in this? Because today the issue is SKUs are limited to a certain amount of products. The other thing is, you do not get the kind of discounts which you would have got if you had waited for 15 mins or end of the day or next day. Ans: >Stock-keeping units (SKU) of products in its warehouse are between 2,500 and 3,000 items >Dunzo uses data analytics to study consumer buying behaviour >Avoid offering a hypermarket selection because it won't be profitable in this form factor >Sharp selection of merchandise that customers buy frequently will be profitable >Around 80% of the gross merchandising value (GMV) comes from 20% of the SKUs. So, Dunzo is focused on those 20% of SKUs and ensure warehouses are running on high capacity >Quick commerce category is created out of convenience and quality, and not discounts Q4: You had earlier talked about going for an IPO and taking the company public to raise funds. So, how is that moving for you now? Ans: >Plans to go for IPO by 2024 and not before that >Raise capital from private markets and PE investors in the next 3-6 months >Aims to become the No 1 player in quick commerce category in 18-24 months >Capital raised ($200-$300 million) in the next six months will help Dunzo grow faster Q5: If you look at your model – is GMV will be from quick-service business and from the B2B business – what is the kind of ratio that you are looking at? Do you think it would eventually become a B2C platform? Ans: >Gross merchandising value split between 80% from B2C and 20% from B2B business >B2C business is growing much faster >In the next 24 months, GMV split will be 90% from B2C and 10% from B2B >Every B2C transaction is worth about Rs 400 and every B2C transaction is about Rs 60 >For the next 24 months, all revenue focus is on the B2C side and incubate the business Watch video

growth partner open indian capital raise funding b2b leverage pe ipo sharp b2c rs aims consumerism sku skus gmv biswas dunzo reliance retail

Top 5 Indian Startup News for the week ending 22nd Jan 2022

Play Episode Listen Later Feb 11, 2022 8:59

Top 5 Indian Startup News for the week ending 22nd Jan 2022 1. Govt taking significant steps to boost startup ecosystem: Piyush Goyal 2.BNPL platform ZestMoney see 300% increase in transactions 3. BharatPe's Ashneer Grover goes on leave, weeks after rant went viral 4. National Start up Day 5. Reliance Retail acquires 54% stake in robotics firm Addverb Technologies Visit our website here: http://brandingbypixels.com/digital-marketing-services/ Some of our success stories at our company include: 1. Ranking our preschool client consistently in the first page of google within 3 months without spending a single rupee on ads 2. Increasing the admission rates in a preschool from 20% to 70% by our SEO & Social Media Marketing Strategies 3. Achieve an ROI of 1600% for our E-commerce client. 4. Consistently ranking our clients in the first page of Google only with organic SEO 5. Increase page likes, shares & engagement by 500% for our restaurant client on Facebook. 6. Increasing revenues of our client selling on amazon by 3X times. I am Sirisha Varma, Founder, Chief Strategist at Branding by Pixels a Business Strategy Design and Digital Marketing company from India. Reach out to me for any business strategy and digital marketing questions on sirisha@brandingbypixels.com Youtube link - https://www.youtube.com/channel/UCNS8Qp9JskXUofeyIiOEa6A Website link - http://brandingbypixels.com/digital-marketing-services/ My E-book on "17 Business Rules for Dummies" on amazon.com - https://amzn.to/3mcU4BZ My E-book on "17 Business Rules for Dummies" on amazon.in - https://amzn.to/374Ii8n Happy Marketing!

India Cracks Down on Crypto Exchanges | ESOPs Making Startup Employees Rich | Fractal - New Unicorn?

Backstage with Millionaires

Play Episode Listen Later Jan 8, 2022 10:40

This week in Indian startup news, Tax department crackdown on crypto exchanges for tax evasion, Good Glamm Group launches influencer marketing venture ‘Good Creator Co', Curefoods acquires five food brands and ESOPs buyback at an all-time high. In funding news, Fractal Analytics raises $360 million, Dunzo raises $240 million and Zupee raises $72 million. Tax department cracks down on crypto exchanges for tax evasion: Binance-owned Indian crypto exchange WazirX was investigated by the Goods and Services Tax (GST) department - alleging a tax evasion of ₹40.5 crore by the crypto exchange. The tax department has now recovered ₹49.2 crore from WazirX - which includes the unpaid GST plus interest and penalties. Following this, the tax authorities are now also investigating other crypto exchanges in the country including crypto unicorns CoinSwitch Kuber and CoinDCX, BuyUCoin and Unocoin. ESOPs buyback at an all-time high: 2021 was the best year for Indian startups in many ways than one - Indian startups funding reached an all-time high of $39 billion - that's more than 3X of what they raised in 2020. But the entrepreneurs weren't the only ones who profited from the funding craze - a lot of this money even went into the pockets of the employees of these startups. Thanks to the ESOP buyback conducted by these startups worth $440 million – which is again a record for the ecosystem. Good Glamm Group launches influencer marketing venture ‘Good Creator Co': D2C beauty brand Good Glamm Group has acquired influencer marketing platform Winkl and video analytics platform Vidooly - to launch ‘Good Creator Co' - their influencer marketing platform – clubbing together the products from their latest acquisitions along with MissMalini and Plixxo. This strategy will allow Good Glamm Group to earn money by to helping brands connect directly with influencers to boost the reach of their products. Curefoods acquires five food brands: Curefoods, a cloud kitchen startup, has acquired five more food brands to add to their growing portfolio. With these acquisitions, Curefoods now has more than 20 food brands under their brand – operating across 20 cities. Fractal Analytics raises $360 million: AI-based analytics startup Fractal Analytics has raised $360 million in a round led by TPG – making this 22-year-old company a unicorn. Dunzo raises $240 million: Hyperlocal delivery startup Dunzo has raised $240 million in a round led by Reliance Retail - valuing them at $775 million. This will allow Reliance Retail to access Dunzo's hyperlocal delivery network for their merchants on JioMart and enable Dunzo to expand into eight new cities and strengthen their quick commerce play. Zupee raises $72 million: Skill-based real-money gaming platform Zupee has raised $72 million in a round led by Nepean Capital – closing their series B round with $102 million and at a valuation of $600 million.

ai rich startups indian employees unicorns skill tax goods cracks binance fractal d2c 3x gst esop crypto exchanges tpg esops hyperlocal dunzo wazirx unocoin reliance retail coinswitch kuber missmalini

How Billionaires Protect their Wealth | World's 8th richest person's $208 Billion Succession plan | SIRISHA VARMA

School of Marketing for Small & Medium Businesses by Branding by Pixels

Play Episode Listen Later Jan 6, 2022 15:54

How Billionaires Protect their Wealth | World's 8th richest person's $208 Billion Succession plan | SIRISHA VARMA - Reliance Industries has a total networth of $208 Billion - 3 Verticals of Reliance are : 1. Oil & Chemicals 2. Jio 3. Reliance Retail - 64 year old Mukesh Ambani is planning for Succession Subscribe to my channel - https://www.youtube.com/channel/UCNS8Qp9JskXUofeyIiOEa6A Visit our website here: http://brandingbypixels.com/digital-marketing-services/ Some of our success stories at our company include: 1. Ranking our preschool client consistently in the first page of google within 3 months without spending a single rupee on ads 2. Increasing the admission rates in a preschool from 20% to 70% by our SEO & Social Media Marketing Strategies 3. Achieve an ROI of 1600% for our E-commerce client. 4. Consistently ranking our clients in the first page of Google only with organic SEO 5. Increase page likes, shares & engagement by 500% for our restaurant client on Facebook. 6. Increasing revenues of our client selling on amazon by 3X times. I am Sirisha Varma, Founder, Chief Strategist at Branding by Pixels a Business Strategy Design and Digital Marketing company from India. I record videos thrice a week : Tuesday - Marketing / Digital Marketing Topic Thursday - Business Case Study Saturday - Motivation/Personal Finance/Book Review etc. Reach out to me for any business strategy and digital marketing questions on sirisha@brandingbypixels.com Youtube link - https://www.youtube.com/channel/UCNS8Qp9JskXUofeyIiOEa6A Website link - http://brandingbypixels.com/digital-marketing-services/ My E-book on "17 Business Rules for Dummies" on amazon.com - https://amzn.to/3mcU4BZ My E-book on "17 Business Rules for Dummies" on amazon.in - https://amzn.to/374Ii8n Happy Marketing!

B2B E-commerce

MSME TALK

Play Episode Play 58 sec Highlight Listen Later Dec 24, 2021 57:57

Episode #13 B2B E-COMMERCE Ft. Amit Bansal, CEO SOLV. Welcome back to MSME TALK with Industry Experts. In this episode we will learn about how B2B e-commerce is helpful and shaping the business landscape in India. B2B E-COMMERCE refers to the commercial transaction done between two businesses online. B2B supply chain channel is fast growing channel today which businesses cannot ignore. Which all industry segments are making use of it currently. How B2B e-commerce platforms are providing product discovery, market place, better negotiation, distribution, inventory management, buyer finance etc with the help of Artificial Intelligence & Machine Learning. How shops owners are making use of B2B E-commerce even in the faraway interiors of the country from their mobile phone. Apart from this we will also understand about upcoming B2B e-commerce player SOLV to get better understanding of how B2B ecommerce platforms works and lot more from none-other than CEO of SOLV Amit Bansal. Amit Bansal CEO of SOLV, with over two decades of experience spanning e-commerce and retail businesses across the globe possesses in-depth knowledge of the e-commerce space coupled with expertise across multiple domains such as product development, supply chain and fintech. Prior to SOLV, Amit founded EZMall. Amit has served leadership roles in Flipkart & Reliance Retail. Amit is Mechanical Engineering with MBA from Mike Ilitch School of Business, Michigan. SOLV's B2B e-commerce platform for MSMEs helps them discover and connect withsuppliers, buyers and peers for growth and get access to on-demand financial services and business solutions, and is 100% owned by Standard Chartered, UK and incubated by SC Ventures, the innovation investment unit of Standard Chartered. If you are an entrepreneur and have questions related to Capital, Compliance, legal, Debt, Equity, Marketing, Business Growth, Team, Technology, Compliance etc. from Experts or any topic on which you want better understanding, or any particular profile of Expert you want to hear, do let us know. In case If you are an Industry Expert with MSME as your target audience, please let us know more about you. Your feedback, suggestions, reviews and likes will make our day. Please leave your rating and reviews on apple podcast platform from apple devices. Podcast links/ Social Media links/ Contact Us: https://linktr.ee/MSMETALK Follow us on:https://www.facebook.com/msmetalkhttps://www.instagram.com/msmetalkhttps://twitter.com/msmetalk Get WhatsApp alert: https://wa.me/918097665085

Why is JioMart's B2B model bad news for wholesale distributors?

model b2b bad news nestle wholesale reliance neighbourhoods fmcg distributors colgate palmolive jio reckitt hul mukesh ambani reliance industries udaan reliance retail

Play Episode Listen Later Dec 13, 2021 6:06

Neighbourhood stores that sell us everything from salt to soaps are increasingly partnering with Reliance Industries' JioMart to procure daily essentials. While orders placed through the JioMart Partner app are delivered quicker than the traditional distributors, shop owners are mainly attracted to its discounts which sometimes go as deep as 20-25 per cent. With his deep pockets, Mukesh Ambani is bringing his tested blueprint of offering heavy discounts to change the retail distribution landscape in India. Reliance wants to serve India's 13 million kirana stores that account for 80 per cent of the country's $900 billion retail market. Reliance's aggressive entry into telecom led to a consolidation in the sector. But the company's strategy to replicate this in B2B retail has already started to face opposition from traditional distributors who have been servicing every nook and corner of the country for several decades now. Reliance has created antagonist out of lakhs of salesmen in the traditional trade, who are struggling to match prices offered by JioMart. The opposition is being led by The All India Consumer Products Distributors Federation or the AICPDF. It represents 4.5 lakh distributors who serve about five million kirana stores on behalf of FMCG giants like HUL, Reckitt, Nestle and Colgate-Palmolive. The organisation has approached FMCG companies demanding a level playing field, saying traditional distributors must get products at the same prices as modern ones like JioMart, Udaan and Metro Cash & Carry. It is not clear if FMCG companies are offering goods to likes of JioMart at differential rates but Dhairyashil Patil believes that the discounts are a function of intense cash burn by modern B2B companies. Last year, Reliance Retail raised $6.4 billion from outside investors. FMCG firms are being questioned as to why the same flexibility is not being given to their existing authorised channel partners. If its demand for pricing-parity is not met, AICPDF said its members will stop supplying products that are being carried by JioMart and others. Not just this, they have vowed to not support FMCG companies with their new launches after January 1st. The traditional distributor base is essential for new launches as they take the risk of testing the waters for the product. On their part, FMCG companies are engaging in dialogues with their distributors as upsetting them may not be the best way forward. Even as Reliance pushes its own private label brands to neighbourhood shops using JioMart, it largely remains a intermediary for consumer goods companies in the B2B space. Therefore, unlike in the case of Jio, where Reliance was free to set its own rates, here, the pricing power is decided by the likes of HUL and Nestle. Whether or not Reliance can disrupt the B2B grocery space rests on the shoulders of FMCG giants in the face of opposition from the vast traditional distributor-community, whose livelihoods are now being threatened by JioMart. Watch video

Superman, not just SupermarketWala with CEO of Reliance Retail, Damodar Mall

Tales From Heads

Play Episode Listen Later Oct 20, 2021 52:54

Our guest in this episode of Tales from Heads, is Damodar Mall, the CEO of Grocery Retail at Reliance and the author of the bestselling book Supermarketwala. In this conversation with Prakash, Damodar shares hitherto unknown personal tidbits and insights from his life and career. Damodar talks about curiosity, intuition and insights, productivity and efficiency (and why they aren't always good), strategy (and why companies get it wrong), and trusting and inspiring teams. And he also talks about relaunching himself after a serious illness and choosing to play big. Listen in. Follow Us: Prakash Iyer - LinkedIn Damodar Mall- LinkedIn For brand partnerships, collaborations and sponsorship opportunities, send us an email at hi@wyn.studio. Tales From Heads is a Production of WYN Studio. Find us at http://wyn.studio. See omnystudio.com/listener for privacy information.

Reliance Retail Ventures Ltd acquires majority stake in Ritu Kumar's company

Play Episode Listen Later Oct 20, 2021 4:16

In this episode, find out about why Ola Cabs is looking to restructure its business, also find out why LIC favours Zee-Sony merger deal Business Term of the Day: Venture Capital

retail ventures stake majority kumar ritu reliance lic acquires reliance retail

Why is India Inc seeing a surge in shareholder activism?

startups tesla investors retail file next year reliance startup news reliance retail

Play Episode Listen Later Oct 4, 2021 4:14

For some time now, experts have held that the phenomenon of shareholder activism is in a nascent stage in India. But there can still be no doubt that cases of shareholder activism are on the rise in the country. Meanwhile, proxy advisory firms continue to raise red flags when they feel that something is amiss. This year itself, there have been a number of instances where shareholders have challenged promoters and management. Let's examine how this rising tide has impacted India Inc. Towards the end of September this year, Pune-based Kinetic Engineering Ltd's shareholders rejected the company's proposal to increase Managing Director Ajinkya A Firodia's remuneration. Earlier, in September, Ekta Kapoor and Sobha Kapoor, who are part of Balaji Telefilms' promoter group, faced shareholder ire and failed to obtain the necessary votes on resolutions proposing pay increase for them. In August of 2021, shareholders voted down Siddhartha Lal's reappointment as Eicher Motors Ltd's managing director. It was reported that the shareholders were against a proposal to hike Lal's salary by 10 per cent as it outpaced the revenue and profit growth clocked by the firm last year amid the Covid pandemic. Recently, Eicher Motors again sought shareholders' nod on Siddhartha Lal's remuneration. In the past few months, shareholders have overwhelmingly voted against the remuneration proposals for the chairmen of Balkrishna Industries Ltd, Hero MotoCorp Ltd, and Bajaj Auto Ltd. Clearly, shareholders are not taking kindly to proposals for upping the remuneration takeaways of top executives under the current circumstances. But, that's not the only angle of attack amid the rising tide of shareholder activism. Consider the Zee case, for instance. On 11th September, Invesco Developing Markets Fund and OFI Global China Fund had asked the Zee Entertainment Enterprises board to convene an EGM to induct six of their nominees. In the same letter, Invesco had also proposed the removal of CEO and MD Punit Goenka and two other directors from the board in the EGM. The two other directors in question were Manish Chokhani and Ashok Kurien. Subsequently, Chokhani and Kurien resigned. Invesco recently took the matter to the NCLT. As a result, on 30th September, the NCLT directed the Zee board to consider Invesco's requisition for an EGM. Even one of the biggest names in India Inc has been a target of shareholder activism. Yasir Al-Rumayyan, the chairman of Saudi oil producer Aramco and the governor of that country's sovereign wealth fund, was appointed an independent director on the board of Reliance Industries on 19th July. The appointment has now come up for shareholder vote and the voting process will end on 19th October. Based on the recommendations of proxy advisory company Glass Lewis, the California State Teachers Retirement System has decided to vote against Al-Rumayyan's appointment. According to the proxy advisory firm, since Al-Rumayyan has a key role in the operations of Saudi Arabia's Public Investment Fund and Aramco, he does not qualify to be an independent director. PIF has already invested Rs 9,555 crore in Reliance Retail and Rs 11,367 crore in RIL's Jio Platforms. Meanwhile, Aramco and RIL have been in talks for another equity deal that involves 20 per cent of Reliance's oil-to-chemical business. Meanwhile, the Florida State Board of Administration is also against the appointment. Only time will tell how things will play out in some of these evolving cases. However, whatever the end result, one clear fact emerges when you consider all the cases we have spoken about today. Clearly, if India Inc wants to keep itself free from such tussles, it needs to prepare itself for a more transparent future with higher corporate governance standards.

covid-19 ceo saudi arabia administration surge saudi rs subsequently reliance pune zee lal pif aramco invesco egm public investment fund reliance industries shareholder activism ril nclt jio platforms saudi arabia's public investment fund ekta kapoor florida state board reliance retail yasir al rumayyan

Startup News #12- OYO To File IPO By Next Year, 1Lac New Investors Daily, Tesla, Reliance Retail |

Startup Charcha

Play Episode Listen Later Sep 25, 2021 7:55

Namaskar

Market Wrap Podcast, Sep 9: Here's all that happened in the markets today

Play Episode Listen Later Sep 9, 2021 4:36

After trading on both sides of the flatline, the benchmark indices eked out gains to end the session on a positive note, snapping their two-day losing run. The gains led by Airtel, Nestle, ITC and TCS helped Sensex rise 55 points to 58,305. Nifty50, meanwhile, added 16 points to settle the weekly expiry at 17,369. In the 50-pack index, ONGC, Bharti Airtel, Nestle and Hindalco were among the leading gainers and SBI Life, HDFC Life, Titan and Ultratech Cement were the top losers. Overall, both indices gained nearly 0.3 per cent, thus ending the truncated week on a positive note. The domestic markets will be closed for trading on Friday on account of Ganesh Chaturthi. Buying momentum remained strong in the broader markets. Both BSE Midcap and Smallcap scaled fresh record highs in trade, with the former closing the session 0.56 per cent higher and the latter 0.52 per cent. Sectorally, the Nifty Media index shone the most with gains of nearly 3 per cent. Other gainers included Metals, FMCG and IT. Meanwhile, Nifty Realty was the worst performer, followed by Financial Services, Bank and Private Bank index. In stock-specific news, shares of Dish TV rallied 20 per cent to a 52-week high of Rs 17.95, up 30 per cent in three days, after YES Bank sent a notice to the company to remove the top management, including the managing director Jawahar Lal Goel. YES Bank in a letter said that the Board is not acting in line with good corporate governance standards and is not a fair representation of the incumbent significant shareholders of the company. Future Retail stock ended at 10 per cent upper circuit limit after the Supreme Court Thursday stayed all the proceedings before the Delhi High Court for four weeks related to the implementation of an award by Singapore's Emergency Arbitrator restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,731 crore merger deal with Reliance Retail. UCO Bank soared 11 per cent to Rs 15 as the Reserve Bank of India (RBI) removed the public sector lender from its PCA (Prompt Corrective Action) framework citing improvement in its financial and credit profile. Shares of SBI Life tumbled 4 per cent to Rs 1173 on the BSE after the Canada Pension Plan Investment Board (CPPIB) offloaded 2 per cent stake in the life insurance company via open market today. In other news, the Finance Ministry said that economic recovery, which was impacted during the second wave, will see faster revival in the next three quarters of the current financial year, even if the third wave hits the country. It said that this confidence is mainly due to a rapid surge in the inoculation drive and a rebound in leading macroeconomic indicators. Now, going into trade next week, investors are first and foremost likely to react to the industrial output for the month of July that will be out on Friday. They will also keenly track the inflation data for August due next week. According to Vinod Nair of Geojit Financial Services, the retail inflation is expected to remain high in line with the July inflation rate of 5.59 per cent while wholesale inflation is expected to ease from the previous level of 11.16 per cent. Further, Street will assess ECB meet outcome to gauge future tapering plans. Two new companies will also list on the bourses next week, namely Ami Organics and Vijaya Diagnostic. Ami Organics IPO had garnered over 64 times subscription and was commanding a strong premium in the grey markets. Meanwhile, Vijaya Diagnostic received a little over 4 times bids and consequently a tepid demand in the unlisted space. Lastly, oil price movement, stock-specific triggers and FII flows will continue to sway market trajectory. Analysts say while the overall bullish mood is likely to stay on the Street, profit-taking in overpriced stock counters is likely. Hence they suggest investors must continue to invest in fundamentally strong stocks for the long term.

Is the Reliance-Future Group deal dead?

supreme court reliance reliance retail

Play Episode Listen Later Aug 9, 2021 4:43

In today's episode for August 9th 2021, we talk about the Supreme Court ruling that might scuttle Reliance Retail's acquisition of Future Group's retail business

Market Wrap Podcast, Aug 9: Here's all that happened in the markets today

Play Episode Listen Later Aug 9, 2021 4:45

In a session marked by high volatility, the benchmark indices meandered between gains and losses to finally settle the day in the green, helped by gains in IT stocks and private lenders. However, broad-based selling was visible as the broader markets posted hefty losses and the advance-decline ratio favoured sellers. Overall, the BSE Sensex added 125 points or 0.23 per cent to end at 54,403. Meanwhile, Nifty50 ended the day at 16,258, down 20 points or 0.12 per cent. In the 30-pack index, 16 ended in the green and 14 in the red. M&M, Axis Bank, Tech Mahindra and Bajaj Finserv were the top gainers while Bharti Airtel, Tata Steel, NTPC and L&T were the worst laggards. The broader markets lagged benchmark. The BSE Smallcap slid 0.72 per cent while BSE Midcap lost 1.07 per cent. Sectorally, Nifty Metal and PSU Bank indices witnessed hefty losses. Nifty Media, on the other hand, rallied the most led by gains in multiplex stocks on reopening trade. On the stock-specific front, shares of Rolex Rings slid off the listing price to end over 6 per cent down on both BSE and NSE. The scrip had listed at a premium of 39 per cent at Rs 1,250 over the issue price of Rs 900 per share but witnessed profit taking later. Shares of Piramal Enterprises meanwhile hit over two-year high at Rs 2,856.80 following a strong performance in the June quarter. The company reported consolidated profit after tax of Rs 534 crore, up 8 per cent year on year (YoY), despite consolidated revenues coming in flat at Rs 2,909 crore YoY. The scrip finally settled the day at Rs 2,806, up 5.3 per cent. MRF stock ended over 1 per cent higher at Rs 80,013.90 per share after posting over a 12-fold increase in its consolidated net profit at Rs 166 crore for the first quarter ended June 30. The company had reported a net profit of Rs 13 crore in the April-June quarter of last fiscal. Shares of Future Retail tanked another 10 per cent as the stock reeled under the impact of the Supreme Court ruling in favour of Amazon that stalled the company's Rs 24,000 crore deal with Reliance Retail. In the primary market, the trade was lacklustre even as two prominent IPOs opened for trade. Most analysts had assigned subscribe ratings to CarTrade Tech and Nuvoco Vistas but they garnered only 34 per cent and 14 per cent subscription, respectively so far on Day 1. In the commodity market, gold and silver prices came under pressure, tracking global selloff, with the yellow metal sliding to four-month low. On MCX, gold futures fell 1 per cent to Rs 46,149 per 10 gram while silver shed 2 per cent to Rs 63,721 per kg. A better than expected US jobs data bolstered US dollar and expectations for early tapering of economic support, diminishing gold's sheen. In other news, equity mutual funds witnessed a staggering net inflow of Rs 22,583 crore in July, making it the fifth consecutive monthly infusion, with flexi-cap category accounting for most of the inflow. This was much higher than a net inflow of Rs 5,988 crore seen in June, data from the Association of Mutual Funds in India showed on Monday. The inflow pushed assets under management (AUM) of the mutual fund industry to an all time high of Rs 35.32 lakh crore in July-end from Rs 33.67 lakh crore in June-end. Now, going into trade on Tuesday, the action in the commodity market will remain in focus. Further, primary market action will also be watched out for as two new IPOs -- Aptus Value Housing Finance and Chemplast Sanmar -- will open for subscription. Lastly, earnings and management commentary for the June quarter earnings willl continue to hog limelight. Over 250 companies are slated to post their results on Tuesday, including Zomato, Motherson Sumi Systems, KIMS, Deepak Fertilisers, CAMS, and Heranba Industries.

amazon supreme court markets lt ipo mm rs shares aum mutual funds cams yoy kims bse zomato tata steel nse market wrap tech mahindra mrf axis bank reliance retail nifty50 future retail wrap podcast bse sensex

Amazon-FRL case: What does the SC order mean?

amazon future indian supreme court singapore bench reliance retail

Play Episode Listen Later Aug 6, 2021 11:59

The Supreme Court ruled in favour of Amazon against the proposed ₹247, 13-crore merger deal between Future Retail Limited and Reliance Retail. A Bench of Justices Rohinton F Nariman and BR Gavai upheld the validity and enforceability of a Singapore-based Emergency Arbitrator award, which restrained Future Retail Limited from going ahead with its deal with Reliance Retail, under the Indian laws. What does the order mean for the Future group? Forum Gandhi explains. --- Send in a voice message: https://anchor.fm/business-line/message

ETMarkets Morning Podcast: Reliance Retail eyeing QSR segment

ET Markets Podcast - The Economic Times

Play Episode Listen Later Aug 2, 2021 3:09

retail reliance eyeing morning podcast reliance retail

Market Wrap Podcast, July 29: Here's all that happened in the markets today

Play Episode Listen Later Jul 29, 2021 4:06

US Federal Reserve's assurance that tapering of the stimulus was some time away and with the Chinese government in damage control mode, strength returned to bourses globally and consequently back home. The US Fed chair Jerome Powell overnight said the central bank wishes to see "some strong job numbers" in the coming months before tapering the bond-buying programme. Meanwhile, in China authorities stepped up efforts to calm frayed investor nerves after a market rout. Against this backdrop, investors flounced back to Street to lap up equities. Sensex ended at 52,653, up 209 points or 0.40 per cent and the NSE Nifty closed the expiry day at 15,778, up 69 points or 0.44 per cent. Tata Steel, Bajaj Finance, SBI and HCL Tech were the top gainers while Maruti Suzuki was the worst performer, down 2 per cent, following its Q1 results. In broader markets, the BSE Smallcap index outperformed with a 0.90 per cent gain while BSE Midcap rose in tandem with Sensex. The sectoral space was mixed. The Nifty Metal index was the outlier after it rallied over 5 per cent to hit a new high in trade. It was trailed by PSU Bank, Realty and IT indices which gained between 1-3 per cent. On the other hand, Nifty FMCG lost over 1 per cent. In stock-specific moves, shares of Tatva Chintan Pharma Chem closed at Rs 2,310.25 on the BSE, up 113 per cent over its issue price of Rs 1,083 per share. The scrip had listed at a 95 per cent premium at Rs 2,111.8 and touched intraday high of Rs 2468.30. Balrampur Chini Mills stock also hit a new high in intra-day session today after the company announced that its board will consider buyback of shares on August 9. The scrip settled nearly 8 per cent up at Rs 375 after hitting a high of Rs 387.10. Shares of Future Retail ended flat at Rs 60.45 following its June quarter results and after Supreme Court reserved verdict on the pleas of e-commerce giant Amazon against the company's Rs 24,713 crore deal for merger with Reliance Retail. Tech Mahindra shares gained 0.75 per cent to settle at Rs 1,127.95 ahead of its Q1 earnings. Post-market hours, the IT major reported a better-than-expected jump in Q1 profit at Rs 1,353.2 crore, up 39 per cent YoY. Going into trade on Friday, investors will react to Tech Mahindra's Q1 results. Further, over 100 companies will announce their June quarter numbers on Friday. Some of the prominent names include Sun Pharma, BHEL, Nazara Technologies, Marico, Britannia, Lodha, IOC and UPL. Globally, investors will eye US GDP data apart from the market mood for further cues. In the primary market, the Rolex Rings IPO would open for its last day of subscription. So far the issue has been subscribed nearly 9 times. Glenmark Life Sciences, whose issue closes today, has received over 44 times bids. Globally, Asian stocks advanced. Shanghai Composite index gained 1.49 per cent while Hong Kong's Hang Seng index closed up 3.30 per cent. Japanese shares rose notably up 0.73 per cent. Europe started upbeat, with the Stoxx Europe 600 up 0.3 per cent and futures on Wall Street also indicated at a firm US opening.

amazon europe china chinese japanese asian supreme court hong kong wall street markets globally rs shares jerome powell realty ioc britannia yoy us federal reserve bse sbi us gdp us fed tata steel upl hang seng market wrap tech mahindra sensex maruti suzuki sun pharma reliance retail future retail bhel nazara technologies wrap podcast

Why Reliance acquired Just Dial?

dial acquired reliance last friday reliance retail

Play Episode Listen Later Jul 20, 2021 6:22

Last Friday, Reliance Retail announced that it was acquiring a controlling stake in Just Dial for about 5700 crores. And while that may not be a gargantuan sum by any account (considering the kind of money we've seen being thrown around for internet startups), you still have to ask here — “Why is Reliance interested in Just Dial?”

Monsoon session of the Parliament begins today

parliament monsoons reliance retail

Play Episode Listen Later Jul 19, 2021 4:14

In this episode, find out why Reliance Retail is looking to acquire Just Dial, why oil prices will be in focus post-OPEC deal Business Term of the Day: ESG

India: The Do-It-For-Me Market ft. Damodar Mall

Speakeasy with Dheeraj Sinha

Play Episode Listen Later Jul 15, 2021 57:16

Is India an emerging market or an assertive one? Do we follow trends or create them? Is the key to success a local approach or a global one? In the fourth episode of Speakeasy, Dheeraj Sinha uncovers the answers to these questions and more with Damodar Mall, CEO- Reliance Retail. We have come a long way from bargaining at our local convenience stores to ordering the same comforts online. The change is worth a spotlight for sure, so tune in to learn more about how physical and digital experiences have changed the shape of buying behaviour. Find Damodar on Social Media:Facebook | Twitter | Instagram | LinkedIn Find Dheeraj Sinha on Social Media:Facebook | Twitter | Instagram | LinkedIn Check out our website: (https://speakeasywithdheerajsinha.in/) Follow Speakeasy on Social Media:Facebook | Twitter | Instagram | LinkedIn Find Leo Burnett on Social Media:Facebook | Twitter | Instagram | LinkedIn

Reliance Retail - An Unlisted Multibagger Stock

retail stock reliance unlisted reliance retail

Play Episode Listen Later Mar 22, 2021 6:24

Breaking News : Big Blow to Future and Reliance Deal from High Court

blow breaking news delhi high court reliance reliance retail future retail

Play Episode Listen Later Mar 20, 2021 2:34

The Delhi high court on Monday stayed a single judge’s order restraining Future Retail from going ahead with its multi-crore deal with Reliance Retail

Quick look 32 | Reliance Retail acquires a 96% stake in Urban Ladder and more news

covid-19 urban retail ladder stake kumar nda reliance acquires bihar chief minister nitish kumar reliance retail

Play Episode Listen Later Nov 15, 2020 1:07

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Urban Ladder Home Decor Solutions Private Limited (Urban Ladder) for a cash consideration of ₹182.12 crore. Nitish Kumar is set to return as the Chief Minister of Bihar for a record fourth term. The NDA has unanimously elected Kumar as its leader in the state legislature. India's Covid-19 caseload has gone past the 88-lakh mark, while the number of people who have recuperated from the disease has crossed 82 lakh, pushing the national recovery rate to 93.09 per cent. The total number of coronavirus cases mounted to 88,14,579 with 41,100 of those reported in a day, while the death toll climbed to 1,29,635 with 447 new fatalities as of Sunday. Iconic Bengali actor Soumitra Chatterjee died on Sunday after an over-a-month-long battle with multiple ailments. --- Send in a voice message: https://anchor.fm/business-line/message

Understanding the Amazon-Future Group dispute