Riding high on mergers and acquisitions, retail players made a strong comeback this year, taking online giants head-on in doling out deals and discounts, and the trend is likely to continue next year.
The company has been focusing on strengthening its merchant base across organised and unorganised retail, and will power e-cash payments with its mobile wallet in outlets of these brands across the nation, it said in a statement here.
Aditya Birla Fashion and Retail on July 5 said it will acquire global clothing brand 'Forever 21' in the Indian market for USD 26 million (around Rs 175.52 crore)
Aditya Birla’s Madura Fashion won industry recognition at the recently concluded India Digital Summit for its online venture Trendin.com.
There were big moves in retail sector. Kishore Biyani's Future Group bought Bharti's retail operations for Rs 500 crore in all stock deal. The merger will result in amalgamation of 570 retail stores across 243 cities. Future Retail surged 12 percent.
A multi-structured deal on the basis of share swap is being worked out between the two partners, post which Kishore Biyani-led Future Group will become the majority partner, according to sources.
Market expert SP Tulsian of sptulsian.com is bullish on Adani Enterprises,Godrej Industries, SpiceJet and Pantaloon Retail. He sees an upside of 9-15 percent in these stocks going ahead.
2012 has been a year where Kishore Biyani learnt that it is not easy to have your finger in too many pies. Burdened by massive debt Biyani hived off his ventures including his cash cow pantaloons, reports, CNBC-TV18‘s Farah Bookwala.
In an interview to CNBC-TV18 Rakesh Biyani, joint managing director, Pantaloon clarified that press report of Aditya Birla Nuvo revaluing deal for buying a 50.1% controlling stake in Pantaloon is speculative in nature.
SP Tulsian of sptulsian.com says that the hike in diesel price maybe put on a hold for a week or more. He also says that a rollback of couple of rupees on the petrol hike cannot be ruled out at this stage.
Big Bazaar director, Rakesh Biyani squashed the rumours of the division's sale and told CNBC-TV18 that the unit is on a strong growth trajectory
Diversified Aditya Birla Nuvo has planned a capital expenditure of Rs 650 crore in the current financial year, more than twice it spent last year.
Kishore Biyani prepares his youngest daughter Avni Biyani to over the group's food division.
Pantaloon Retail Thursday said its board has passed a resolution to change its name to Future Retail India Ltd.
CNBC-TV18's Farah Bookwala reports that Future Group is on an aggressive debt-reduction drive.
In an interview to CNBC-TV18, SP Tulsian tells he expects a dip in investments from FII for couple of months due to GAAR issue. He also mentions that he is not bullish on stock of oil companies. He is hoping to see a positive trend in power sector.
Buy Indiabulls Real Estate on dips, says Aditya Agarwal, Sr Derivative Analyst, Way2Wealth.
After dressing up Indian women, Remanika is now focusing on becoming a one stop shop for woman's fashion.
After yesterday's flat closing, the temperament of the market is to be long for day traders, said Sudarshan Sukhani of S2analytics.com. He expects to see a rally and momentum players come in.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com, shares his expert calls on the buzzing stocks of the day — Apollo Hospitals, JSW Steel and Pantaloons.
Big Bazaar, India's largest retail chain in both value and lifestyle formats, has changed its logo and tag line on the completion of 10 years.
SP Tulsian, sptulsian.com in an interview to CNBC-TV18 gave reading and outlook for stocks across various sectors. He evaluated stocks like Jaypee Infra, Pantaloons.
Udayan Mukherjee, Managing Editor, CNBC-TV18 believes that due to yesterday’s sell off, today was a grinding session with Nifty, closing at 5550.
Rajen Shah, CIO, Angel Broking feels that, I would certainly not venture into any of the retails stocks at this point of time.
Kishore Biyani, Founder and CEO, Future Group talks about the impact an FDI policy may have on the business.