The issue is reasonably priced even though the ICRA grading for this IPO is low. This grading indicates below-average fundamentals. The company also operates in a highly fragmented market. Make your choice! Issue: Price: Rs127-Rs135 per equity share Bid lot: 50 equity shares and in multiples thereof No of shares on offer at Rs127 per [...]
Nokia has officially announced that the Nokia N8 launch has been delayed to make some final amends in the product. Nokia N8 had been scheduled for launch by September end in many markets, but now will be available in October, Nokia said. Many analysts claim that the final amends in the phone might be to [...]
Ghajani girl Asin joins the league of league of Aishwarya, Priyanka and Katrina. She too has joined the Lux family. She has earlier endorsed reputed brands like Mirinda, Big Bazaar, Sure – Anti perspirant, Tata Sky, Clinic All Clear and Fairever Fairness cream. As per reports, this Malayalam beauty has already shot the TV Commercial [...]
On the charts aside of Vishal Retail, any other stock that could be showing some signs either of a breakout or a breakdown? It is all a mixed view on different stocks like Pantaloon Retail and Shoppers Stop, these all are looking a little exhausted now and a little bit of momentum still left on [...]
Debt-laden Delhi-based Vishal Retail will sell its retail trading business to Shriram Group of Chennai and the wholesale business, institutional sales and franchise operation to a private equity company, ‘TPG Capital’, with the combined deal totaling to Rs1 billion. Pertaining to this, the board of retail group has decided to conduct a postal ballot, to [...]
The shares of Vishal Retail Ltd., closed at Rs50.55, down Rs0.90 or 1.75% over the previous close. The stock touched a high of Rs52.90 and a low Rs45.50. The total traded quantity stood at 6.05 lakh shares on the BSE.
RECESSION OVER: It may not feel like it is over but the recession ended more than a year ago. That is according to an independent group of economists known as the National Bureau of Economic Research. Based on their analysis, our 18-month economic downturn officially ended in June of 2009. That makes this recession the [...]
If the objective of the discussion paper on opening up multi-brand retail to foreigners issued by the department of industrial policy and promotion (Dipp) was to generate a debate, it has been very successful. If, however, the department expected that it would get some useful insight or coalesce opinion in favour of opening up, then [...]
In order to grab a share in the billion dollar worth of Indian retail industry, French supermarket giant, Carrefour has announced that it will very soon open its wholesale store in India. It is expected that the store will become operational by November this and when that happens another foreign brand name will join the [...]
Shopper’s Stop Ltd along with the declaration of their exceptional Q1FY11 results also announced the appointment of Govind Shrikhande as the Managing Director, effective from July 29, 2010. Shrikhande took charge of Shopper’s Stop Limited as the Customer Care Associate, President & CEO in the month of August last year. The retail giant has since [...]
