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Forbes India Rich list: Rupee struggles under peer pressure, but country's wealthy are getting wealthier
India

Forbes India Rich list: Rupee struggles under peer pressure, but country's wealthy are getting wealthier

A weaker rupee impacted the majority of the richest but that was offset by Gautam Adani's record gain, which made him the new No 1

DMart retail chain owner Avenue Supermarts becomes 11th most valued Indian firm by market cap
Business

DMart retail chain owner Avenue Supermarts becomes 11th most valued Indian firm by market cap

Avenue Supermarts, which owns and operates retail chain DMart, on Wednesday became the 11th most valued Indian firm by market valuation following a rally in its share price

Avenue Supermarts founder Radhakishan Damani donates Rs 155 cr towards coronavirus relief
Business

Avenue Supermarts founder Radhakishan Damani donates Rs 155 cr towards coronavirus relief

Damani made the contributions through his group company Bright Star Investments.

Avenue Supermarts founder Radhakishan Damani becomes India’s second richest person; networth soars to $17.9 billion
Business

Avenue Supermarts founder Radhakishan Damani becomes India’s second richest person; networth soars to $17.9 billion

Damani and family are the promoters of Avenue Supermarts. Their wealth jumped by close to $96 million as Avenue Supermarts' shares peaked at Rs 2,559 apiece on 13 February.

Avenue Supermarts market-cap crosses Rs 1.5 lakh cr; Radhakishan Damani becomes 6th wealthiest individual in India
Business

Avenue Supermarts market-cap crosses Rs 1.5 lakh cr; Radhakishan Damani becomes 6th wealthiest individual in India

The Damani-promoted Avenue Supermarts value has gone past Nestlé India and Bajaj Finserv.

Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr
Business

Mukesh Ambani polevaults to 12th position as world's richest Indian with net worth of $59.4 bn after m-cap nears Rs 10 lakh cr

With Reliance Industries having overtaken British energy giant BP Plc to become the sixth-largest energy company in the world, the conglomerate is now valued at $138 billion

Markets to see Budget 2019 overhang this week; IIP, inflation data eyed, say analysts
Business

Markets to see Budget 2019 overhang this week; IIP, inflation data eyed, say analysts

Analysts said that now that the much-awaited Budget is over, the focus will shift to first-quarter earnings starting mid-July

D-Mart parent, Avenue Supermarts' shares jump nearly 4% on strong June quarter earnings
Business

D-Mart parent, Avenue Supermarts' shares jump nearly 4% on strong June quarter earnings

Avenue Supermarts' market valuation rose by Rs 3,751.56 crore to surge past Rs 1,03,145.56 crore on the BSE

DMart owner Avenue Supermarts' shares drop after promoter Radhakishan Damani decides to sell up to 1% stake
Business

DMart owner Avenue Supermarts' shares drop after promoter Radhakishan Damani decides to sell up to 1% stake

Shares of Avenue Supermarts plunged over 5 percent on Friday as Radhakishan Damani, the promoter of the company, will sell up to 1 percent stake in the firm.

GST rollout: Future, Trent, DMart, Aditya Birla Retail meet to discuss pricing, margin issues
Business

GST rollout: Future, Trent, DMart, Aditya Birla Retail meet to discuss pricing, margin issues

Retailers expressed concern about 5 percent tax levied on packaged goods that causes a discrepancy as loosely sold commodities are not taxed

Flipkart to start selling FMCG products from July to take on Amazon and DMart
News & Analysis

Flipkart to start selling FMCG products from July to take on Amazon and DMart

So far, Flipkart has been powering sales by depending on smartphones, apparel and large appliances.