reliance: Edelweiss in talks to sell Future Lifestyle’s Cover Story to Reliance Retail

(FLF) lender is in the final stages of negotiations with Retail to sell fast-fashion brand Cover Story for Rs 200 crore while the Kishore Biyani-owned retail firm is in talks with Thrasio-style GOAT Brand Labs and Mensa Brands to sell apparel labels Jealous 21 and aLL, said people with knowledge of the developments. “Cover Story … Read more

Market crash: Top 10 firms lose ₹ 3.91 lakh crore in market capitalization; TCS, Reliance Industries biggest laggards

The market valuation of the top-10 most valued firms plunged by a whopping ₹ 3.91 lakh crore last week, in tandem with a steep sell-off in equities, with TCS and Reliance Industries taking the biggest hit. Last week, the BSE Sensex plunged 2,943.02 points or 5.42%, while the NSE Nifty declined 908.30 points or 5.61%. … Read more

Stocks to Watch: Reliance Industries, HDFC, banks, IIFL Finance, Bajaj Auto

NEW DELHI: Here is a list of stocks that could be in focus on Friday: Reliance Industries: A consortium of Reliance Industries Ltd (RIL) and buyout firm Apollo Global Management Inc. has emerged as the strongest contender to acquire Walgreens Boots Alliance Inc.’s Boots pharmacies unit in the UK. The consortium has valued the assets … Read more

India Plans To Reduce Green Hydrogen Costs, Seeks Cheap Finance

India seeks to reduce the cost of producing green hydrogen to $ 1 per kilogram from $ 5- $ 6 at present in order to encourage industry to utilize greener energy, Niti Aayog CEO Amitabh Kant said in an interview with Bloomberg Television. India also wants access to cheaper financing to help fund the transformation. … Read more

Ahead of Market: Ahead of Market: 12 things that will decide D-Street action on Monday

NEW DELHI: The market staged a rebound on Friday, thanks to buying across sectors and strong global cues. Traders welcomed a reprieve from the recent brutal sell-off. Here’s how analysts read the market pulse: The steep decline of May 19 was arrested near the swing low of 15,735, said Gaurav Ratnaparkhi of Sharekhan, who added … Read more

siddhartha khemka: Can banks take market leadership from here on? Siddhartha Khemka answers

“We are quite positive on and from a one-year perspective, we have a target price of almost Rs 3,000 on a SOTP basis,” he says. Siddhartha KhemkaHead of Retail Research, MOFSL. What do you make of the markets at the moment? While there is weakness at the frontline index, Bank Nifty is pulling weight for … Read more