TATA INFINITI RETAIL
Tata Sons hits pause on fresh funds till e-commerce, electronics businesses shape up
"There is a strategic reason for not making any equity infusion even as organisational changes are being made," said one of the persons. "However, new fund infusion will commence after the strategy and organisational changes for better operational efficiencies are in place." Registrar of Companies (RoC) filings obtained through business intelligence platform Tofler show group holding company Tata Sons didn't invest in Tata Digital in FY24.
RuPay credit cards of HDFC Bank, Axis Bank, IDFC FIRST Bank, SBI Card: Cashback, annual fee, discounts
The RuPay credit card was launched in 2017 and these enable secured payments for purchasing goods and services at merchant locations in India as well as abroad. Given below are the top credit cards available on the Rupay network chosen basis the overall value back they offer in their respective spending category.
Nifty IT index stocks: Is the sector new bellwether for consumption and economy?
Most of the investors look at IT stock on a standalone basis as companies for bottomline line. Now let's look at it from the perspective, an economy where the biggest export is software services, shouldn't one be watchful when that sector says growth will moderate and there are layoffs in the sector. So if there is a slowdown in the IT sector there is a high probability that other sectors of the economy may also face pressure, specifically the ones where there is a high element of discretionary consumption. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Can IT stocks stand up to the bears and save Nifty?
Despite the fact in the last one year, only negative things have been said about IT companies, look at their stocks performance. Except one large IT stock which had been a perennial under performer, most of the other IT stocks are not very far from the highs they had touched almost two years back. Infact relative performance of some IT is far better than many of the stocks and sectors which have been headlines. While it might be contrarian buy, there is high probability that IT stocks perform better than most in bearish market conditions. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Nifty IT index stocks: Is the worst behind them, time to be contrarian?
While IT stocks have been underperforming the broader market for more than a year. But if one looks at the reaction of the street to the Q2 numbers of the TCS, Infy and HCL tech, it is clear that the secular bearish outlook which the analysts have been having for this sector might change soon. For the last one year, If one looks at the recommendations of analysts, it appears that all of sudden they are finding everything wrong with IT stocks. It might be time to be contrarian. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 37%
After a long bullish phase, in the last four weeks the market has witnessed correction, Whether it is, large, mid or small cap market breadth in all segments remained weak in a number of trading sessions. In such times, if one is looking to buy stocks it would be better to look at stocks where some fundamentals developments have made analysts turn bullish on them. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Nifty IT index stocks: Will announcement of Q2 earnings mark the end of bad times for them?
While IT stocks have been underperforming the broader market for more than a year, But at this point of time as second quarter results start to pour in, they witnessed another round of sharp correction. This was in the backdrop of some of the US IT services companies indicating that the operating environment is tough at this point of time. But sometimes, even the management are caught on the wrong foot, like in early 2021 when they went on a hiring spree only to reverse in less than two years. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Tata-owned Infiniti Retail's sales nearly double to Rs 16,015 crore in FY23
The company in the filings did not give any reasons behind the financial performance. Industry executives said this jump in revenue – highest growth rate in at least the last five years – is driven by Croma becoming the exclusive online seller for all electronic products in the group’s e-commerce platform Tata Neu and rapid offline store expansion.
Retailers' leasing may hit a new high in '23
While top companies like Reliance Retail, Aditya Birla Fashion and Retail (ABFRL), DMart, Tata's Trent and Starbucks continued to add stores, many brands are in the lookout for bigger space.
Retail leasing expected to reach pre-pandemic level in 2023
While top companies including Reliance Retail, Aditya Birla Fashion and Retail (ABFRL), D'Mart, Tata's Trent and Starbucks continued to add stores, many brands are in the lookout for bigger space. “India’s strong domestic consumption would continue to strengthen the retail sector, which would see a strong supply pipeline in 2023, driving leasing activity,” said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE.
Tata Group plans to open 100 small exclusive Apple stores
Infiniti Retail will become an Apple franchisee partner and intends to open 100 such outlets of 500-600 sq ft each at malls as well as high-street and neighbourhood locations.
Tata's Infiniti Retail set to double authorized share capital to Rs 4,000 crore in expansion bid
The Tata’s are using Croma as the main seller for electronics and smartphones in its online platforms including the superapp Tata Neu. In fact, industry executives said Croma has been consistently burning cash to offer discounts which at present is one of the steepest in the industry.
Infiniti Retail leases 6.30 lakh sq ft at Welspun One’s Bhiwandi logistics park for 18 years
The consumer durables and electronics retailer, operating under the brand name Croma, has entered into an agreement for the same with DBG Estates, a subsidiary of Welspun One Logistics Parks (WOLP), an integrated fund, development, and asset management organization.
Tatas infuse ₹500 crore into Croma owner to expand ops
A couple of months back, Tata Group's other ecommerce platform, Tata Cliq, exited the electronics category and has sold the inventory to Infiniti Retail for about ₹113 crore.
Croma sales surge 53% to cross $1 billion in FY22, but net loss widens
Last fiscal, Croma's same store growth was an "unprecedented" 33% and it launched a record number of 56 outlets. Ecommerce sales grew by 204% last fiscal and already contribute 9% to sales, it said. However, Infiniti did not specify any reason behind the increase in net losses.
Infiniti Retail raises borrowing limit to support expansion
The disclosures also point out the change in the holding company for Infiniti Retail: The business is now owned by the group's new ecommerce entity Tata Digital. It was earlier under Tata Sons until a few months ago.
Tata Digital gets Rs-10,000 crore capital boost from parent
Tata Digital is acquiring a 64.3% stake in e-grocer BigBasket for about $1.2 billion and is spearheading the launch of a SuperApp that will bring all the group's consumer businesses under a single ecommerce platform
Pent-up demand for home appliances, IT products driving sales in Unlock-1
There has been an increasing demand for household comfort products, while average ticket size in sales is also moving up, they said.
Infiniti to raise Rs 750 crore from Tata Sons for Croma expansion
Last fiscal, 22 new Croma stores were launched which the company said is the highest in any financial year
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