Walmart-backed e-commerce giant Flipkart will acquire a 7.8 per cent stake in Aditya Birla Fashion Retail limited (ABFRI) for ₹1,500 crore in a move to strengthen its presence in the apparel fashion segment. ABFRI currently owns nearly 3,000 Madura Fashion and Pantaloon stores across the country and exclusive tie-ups with its brands would give Flipkart a leg up on the competition.
This story is from the October 24, 2020 edition of The New Indian Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 24, 2020 edition of The New Indian Express Chennai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Artistry of portrayals
Devi Jerina, who has abundantly contributed to movies, television, and stageplays, talks about her mastery over dubbing, acting, and production
REEL CRICKET
With scores of fan-edited videos emerging after every IPL game, Gomesh S tries to understand how the content creators conceptualise, the underlying factors, and more...
Manu, Anish destined for Paris Games
MANU Bhaker is destined for Paris after an impressive display in the Olympic Selection Trial (OST), where country's top-five shooters across rifle and pistol disciplines have been competing for a chance to go to the Olympics.
ANIMESH'S HAPPY RUN. ABHA'S RECORD THROW
Sprinter clinches gold in 200m; shot putter raises national bar
All eyes on Rahul as LSG get ready for Capital challenge
EVEN as Lucknow Super Giants brace for a must-win encounter against Delhi Capitals, all eyes will be on their captain KL Rahul.
Retail inflation slightly declines to 4.83% in April
CONSUMER price based-inflation (CPI) moderated to 4.83% in April from 4.85% in March, mainly driven by petroleumrelated commodity groups like fuel and light, transport and communication services, as per the data shared by the Ministry of Statistics and Program Implementation.
Shriram sells 85% in housing biz to Warburg
Proceeds from the sale will go to Shriram Finance and will be used to augment the company's growth capital
Developer moves apex court challenging GST on development rights
A developer has taken the issue of GST on development rights to the Supreme Court after a ruling by the Telangana High Court.
Govt's fiscal management better than UPA's, says FM
THE current government's fiscal management appears more effective compared to the UPA's, despite the challenges posed by the COVID-19 pandemic, finance minister Nirmala Sitharaman said on Monday.
Zomato reports ₹175 crore net profit; surrenders payment aggregator licence
FOOD delivery platform Zomato on Monday reported ₹175 crore net profit for the fourth quarter ended March 31.
