Reliance Retail (RRVL), the retail arm of Reliance Industries, has successfully received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following this share allotment, KKR’s shareholding in RRVL has increased to 1.42 per cent, up from the previous 1.17 per cent. In […]
The Confederation of Indian Industry (CII) has said that the opportunity to become part of global value chains has significantly increased post the G20 declaration adopted in New Delhi. In an exclusive interview with ANI, R Dinesh, President of CII and Executive Vice Chairman at TVS Supply Chain Solutions said, “India has been one of […]
Leaving the Belt and Road Initiative (BRI) also known as Silk Road does not compromise relations with China, but the decision still has to be taken, Italian Prime Minister Georgia Meloni said on Sunday, the Italian media, Corriere della Sera daily reported. On the sidelines of the G20 Summit, the Italian PM met Chinese Premier […]
Auto retail sales in July maintained a steady 10 per cent year-on-year (YoY) growth, mirroring the previous month, said the Federation of Automobile Dealers Associations on Monday. However, the MoM decline continued highlighting short-term slowdowns. According to FADA, all vehicle categories recorded positive figures: Two-Wheelers (2W) at 8 per cent, Three-Wheelers (3W) at 74 per […]
Kansai Nerolac Paints (KNPL), the paint company in India, on Friday at the Board meeting announced its unaudited results for the first quarter of financial year 2023-24. For the quarter, the company declared Net revenue of Rs. 2071.2 crore, a growth of 6.5 per cent over the corresponding quarter of the previous year. The earnings […]
Reliance Industries (RIL) on Monday acquired 33.33 pc stake in Brookfield Infra-Digital Realty data center business in India. RIL entered into an agreement with Brookfield Infra and Digital Realty in their Indian SPVs set up for developing data centres in India. As per the RIL’s official statement, it will hold a 33.33 per cent stake […]
Lord Karan Bilimoria, the British businessman and member of the House of Lords, expressed his optimism about reviving the manufacturing and distribution of Cobra Beer in India. As the founder of Cobra Beer, Bilimoria revealed his plans during an event in Hyderabad, Telangana. Bilimoria shared the unfortunate setback that Cobra Beer faced due to the […]
The commerce ministry and external affairs ministry should work together to achieve India’s export targets, said Prafulla Chandra Mishra, Statistical Advisor, Directorate General of Foreign Trade under the Ministry of Commerce and Industry on Wednesday While speaking at an event of PHD Chamber, he said that PM Modi has proposed a 3T strategy focusing on […]
