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| 05 July, 2024, 08:24 AM IST | Today's ePaper
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    BUSINESS CONGLOMERATE

    Adani joins Tata and Ambani in race for elusive India superapp

    Given the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.

    ITC packs a punch, beats Britannia in foods business

    ITC's foods business posted consolidated sales of Rs 17,194.5 crore for the fiscal year ended March 31, 2024, the company that owns brands such as Aashirvaad atta, Bingo potato chips and Sunfeast biscuits in the segment said in its latest annual report. This comprised both domestic sales and exports.

    Being bullish & being cautious are not antonyms: 4 largecap stocks from different sectors with upside potential of up to 41%

    There are a number of times when one hears on the street, that indices and stocks have gone so high, how much higher it can go, so forget it. Essentially the underlying feeling is that just because the nifty and sensex has moved up now it will not move so let's not invest. That is probably the worst mistake one makes because at every level, this narrative comes. When nifty was 20,000 this argument could have been made, now at 24,000 also this argument can be made and when nifty is much higher, the same argument will be made. One needs to look at the broader picture, there is no reason why one should not be bullish about India, but that does mean one should not be cautious in terms of selecting the stocks. so , continue to be bullish, also be cautious and invest in a manner that short term profit booking moves don't make you anxious.

    Reliance Retail's FMCG plans stay in fast lane with funds on tap

    RCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operations in November 2022 and completed its first full year in FY24. In the filings, RCPL said the proceeds will be used for business operations. A senior industry executive, aware of the plans, said the funding from the parent into RCPL will continue in this fiscal as well, since Reliance has plans to rapidly grow the FMCG business.

    Adani Airports to chart next decade with $21 billion infusion

    The business is housed under wholly owned subsidiary Adani Airport Holdings, which currently owns seven operational airports, in Mumbai, Lucknow, Ahmedabad, Jaipur, Guwahati, Thiruvananthapuram and Mangalore. Phase I of city-side development across 98 acres at airports in Mumbai, Ahmedabad, Jaipur, Lucknow and Guwahati has begun.

    'Marwari' school of business keeps 3 generations of Ruia family under one roof

    Essar, a family-run conglomerate, stands out amidst public feuds among Indian business families. The Ruia family, spanning three generations, jointly manages the empire across diverse sectors. Prashant Ruia, director of Essar Capital, credits their unity to aligned goals and individual space. Despite industry challenges, the family cherishes strong bonds and traditions, distinguishing themselves from other well-known family disputes in the Indian business landscape.

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