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

Begin your journey towards the C-suite with IIM Lucknow’s Senior Leadership program

The corporate world is evolving at an accelerated pace, and so are the demands of the present-day executive leadership. To address emerging technologies and shifting consumer preferences, it is important to go beyond the conventional approach to leadership, strategic thinking and decision-making, all in the context of the evolving future of work dynamics. 90% of … Read more

ADIA to buy 20% in IIFL Home Finance, largest such investment in the space

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will buy a 20% stake in IIFL Home Finance for ₹ 2,200 crore, valuing the mortgage lender at Rs 11,000 crore. This will be the largest equity investment in India’s affordable housing finance segment by a financial investor. IIFL Home Finance, a wholly owned subsidiary of, proposes … Read more

Future Retail: Earnings announcements of Future Retail, Future Lifestyle to be delayed

New Delhi: Two listed Future group firms – Future Retail and Future Lifestyle Fashion – on Tuesday expressed their inability to convene a board meeting before May 30, to approve their financial results for the quarter and year ended March 31, on account of vacant positions on their respective boards. In the last two months, … Read more

reliance home finance ltd: Supreme Court rejects RCFL lenders’ early hearing plea

A vacation bench of the Supreme Court has declined a petition by lenders of Reliance Commercial Finance (RCFL) for an early hearing in the case that would have expedited the resolution of the debt-laden company. “The judge decided that there is no urgency to hear this case sooner and so the next date of hearing … 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