Its revenue rose 29.2% to 12.84 billion rupees in April-June quarter, which managed to offset a 29% rise in expenses. BENGALURU (Reuters) – India’s MedPlus Health Services reported a 18.3% rise in first-quarter profit on Monday as increased presence of the pharmacy helped drive its retail sales. The company’s consolidated net profit rose… Continue reading MedPlus Health reports 18% rise in Apr-June qtr profit on retail demand
Tag: Retail
Auto retail sales up 10% in July y-o-y; three-wheelers at record pace: FADA
Staying with the growth momentum, automobile retail sales in July posted a 10 per cent year-on-year increase, with 1.77 million units sold. Three-wheelers took the lead with a record growth of 74 per cent, according to the Federation of Automobile Dealers’ Associations (FADA). However, sales declined by 5 per cent month-on-month (m-o-m) mainly due… Continue reading Auto retail sales up 10% in July y-o-y; three-wheelers at record pace: FADA
Reliance Retail crossed 1 bn transaction mark in FY23, to ramp up FMCG biz
Reliance Retail, which is a step-down subsidiary of Reliance Industries, has crossed the one billion transaction mark and is the only Indian retailer to feature in the top 100 retailers globally. In its Annual Report, the company said the next wave of value creation for the company was built around multiple hyper-growth engines… Continue reading Reliance Retail crossed 1 bn transaction mark in FY23, to ramp up FMCG biz
After retail, telecom, Ambani casts eye on fin services, new energy biz
After creating India’s largest retailers and telecom operator in the shortest span of time, billionaire Mukesh Ambani has now set his sight on propelling newly-carved financial services business unit into country’s largest non-banking lender while transitioning the conglomerate to net carbon zero by 2035. The recently demerged Jio Financial Services Ltd will leverage… Continue reading After retail, telecom, Ambani casts eye on fin services, new energy biz
Lenders bet on Reliance Retail Ventures for Future Enterprises revival
Lenders are betting on Reliance Retail Ventures, a RIL subsidiary, to acquire bankrupt Future Enterprises to recover part of their Rs 15,820 crore exposure to the company. Lenders say RRVL, if its offer is accepted, will get access to two insurance JVs which are currently owned by Future Enterprises with Generalli which… Continue reading Lenders bet on Reliance Retail Ventures for Future Enterprises revival
Fitch’s US downgrade is advantage gold, retail investors can book profits too
GlobGlobal credit rating agency Fitch earlier this week downgraded US Sovereign rating from AAA to AA+, citing expected fiscal deterioration over next three years, a high and growing general government debt burden and steady deterioration in governance over the last 20 years. This decision marked the first time in history that the US… Continue reading Fitch’s US downgrade is advantage gold, retail investors can book profits too
Piyush Goyal meet e-commerce firms, CAIT to discuss online retail issues
Commerce and Industry Minister Piyush Goyal on Wednesday held a detailed discussion with representatives of e-commerce firms and domestic traders body CAIT on issues related to the sector, including the proposed policy, an official said. Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal, who attended the meeting, said that it was… Continue reading Piyush Goyal meet e-commerce firms, CAIT to discuss online retail issues
CVS Health Corp to cut 5,000 jobs amid shift away from retail focus
By Fiona Rutherford CVS Health Corp. will cut 5,000 positions from its workforce to help reduce costs as the drugstore chain focuses on broadening from its retail roots into more health-care offerings. None of the job losses will impact customer-facing positions in stores, pharmacies, clinics or customer services centers, a spokesman… Continue reading CVS Health Corp to cut 5,000 jobs amid shift away from retail focus
Retail inflation for industrial workers rises in June due to higher prices
Retail inflation for industrial workers inched up to 5.57 per cent in June compared to 4.42 per cent in May this year, mainly due to higher prices of certain food items. “Year-on-year inflation for the month stood at 5.57 per cent compared to 4.42 per cent for the previous month (May) and 6.16… Continue reading Retail inflation for industrial workers rises in June due to higher prices
Reliance Retail launches new 4G-enabled JioBook priced at Rs 16,499
Reliance Retail on Monday announced the launch of JioBook in the Indian market, with a price tag of Rs 16,499 making it one of the most affordable 4G-enabled laptops in the country. The device, touted as “India’s first learning book”, will be available for purchase starting on August 5. Customers can get their… Continue reading Reliance Retail launches new 4G-enabled JioBook priced at Rs 16,499