NEW DELHI: Kishore Biyani, popularly known as KB among colleagues and considered as the pioneer of modern retail in India taking convenience shopping to the masses, is finally bowing to the winds of change blowing across the sector, giving the control of what he nurtured for over three decades to Reliance Retail. Biyani (59), who … Read more
Representative image Bengaluru: Consumer stickiness, average order size increasing to $15-20 and the possibility of selling other healthcare services like online doctor consultation and diagnostics services have caught the interest of large strategic names like Reliance Industries and Amazon, driving them to the e-pharmacy sector. E-pharmacy had over 3 million users before the pandemic struck … Read more
Reliance Industries’ (RIL) shares, which have been leading the rally in benchmark indices recently, were downgraded by two prominent brokerages on Tuesday. Edelweiss downgraded the stock to ‘hold’ with a target price of Rs 2,105 while CLSA downgraded it to ‘buy’ from ‘outperform’ while raising the target price to Rs 2,250 to factor in high … Read more
Absence of new economy stocks a big hindrance for Asia markets outside of China, says Mark Matthews, Head of Research, Asia. I am literally pinching myself. Look at what we were reporting in the month of March versus what we are staring at right now. In March, it was panic and it was fear and … Read more