The near term, however, could see higher investments in marketing, expansion
The RBI on Tuesday introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs)
This deal marks ABFRL's foray into India's fast-growing sports and activewear segment
This deal marks a foray for ABFRL into India's fast-growing sports and activewear segment.
Shares of ABFRL jumped 4.6% to 279 rupees after the announcement
Leading fashion retail firm Aditya Birla Fashion and Retail Ltd (ABFRL) is targeting to hit Rs 25,000 crore revenue after five years, according to its Chairman Kumar Mangalam Birla.
Shares of the company were up for 8th straight day, its longest winning streak in nearly six years
Ties up with designer Tarun Tahiliani; second deal in a month
The firm on Monday reported a consolidated net profit of Rs 58.55 crore for the quarter ended December
Sabyasachi is India's largest and most influential luxury designer brand and engaged in categories such as apparel, accessories and jewellery and has a strong franchise in India, US, UK and the Middle
Aditya Birla Fashion and Retail (ABFRL) has announced a strategic partnership with designer brand Sabyasachi
Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities
Cost reduction, higher private label sales to aid margins
Walmart-owned company sees strong trend of casual gamers going on to become early shoppers
The Walmart-owned firm is in a race with rivals Amazon and Reliance's JioMart, who are also following a similar strategy
On completion of this transaction, ABFRL would have successfully executed a capital raise of Rs 2,500 crore since April 1, 2020
The dealings in the REs for Renunciation of Aditya Birla Fashion and Retail Ltd were permitted on BSE with effect from the July 8, 2020 and will close on July 17, 2020
Rs 1,000-cr rights issue, lower costs to help pare Rs 2,500-cr debt
Change in consumer behaviour and higher fixed costs are major concerns, leading analysts to cut FY21 earnings estimate by 15-40 per cent
With speedier turnaround of its collections and a strong digital discovery and delivery system in place, the retail brand is fighting to stay ahead of the race