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Canada Pension Plan sells shares of Nykaa’s parent, Delhivery for Rs 1,166 crore

The shares were disposed of in the price range of Rs 174.04-388.45 apiece on the NSE and BSENew Delhi: Canada Pension Plan Investment Board on Wednesday sold shares of Nykaa's parent company FSN E-Commerce Ventures and logistics company Delhivery...

Warehousing demand in Bengaluru exceeds new supply by 55%: Report

During 2018-22 period, leasing of warehousing space in Bengaluru exceeded new supply by 55%New Delhi: Leasing of warehousing space in Bengaluru exceeded new supply by 55% during 2018-22 period, resulting in lower vacancy level and increase in rental, according...

Reliance Retail asset monetization picks up pace

Retail asset monetization is picking up pace as private equity firm KKR announced a Rs 55.5 billion ($ 0.75 billion) investment in Reliance Retail for a 1.28 percent stake implying a pre-money equity value of US$ 57 billion. According to...

Walmart may exit Flipkart due to new FDI rules: Morgan Stanley

Retail giant Walmart may exit Flipkart after India's new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned."An exit is likely, not completely out of the question, with the Indian...

GST will have minimal impact on retail inflation, says Morgan Stanley report

The Goods and Services Tax (GST) is likely to have minimal direct impact on the consumer price index (CPI) basket, a report Morgan Stanley said. This is because most of the tax rates for the items in the CPI basket...

Expert Opinion: Upcoming trends in Indian e-retail

India has emerged as the fastest growing economy in the world, as per Central Statistics Organisation (CSO) and the International Monetary Fund (IMF), with various positive factions thriving, including e-retail. As recent as a few years ago, India witnessed...

T Rowe Price marks down Flipkart again, valuation down to $9.9 bn

Mutual fund investor T Rowe Price has cut the valuation of India's largest online retailer Flipkart marginally by another 4 per cent to about $9.9 billion. The move comes after the other major mutual fund shareholder, Morgan Stanley , slashed valuation...

Morgan Stanley slashes Flipkart's valuation to $5.54 billion

US-based mutual fund Morgan Stanley has marked down the value of its shares in India's largest e-commerce marketplace Flipkart by 38 per cent, dropping the valuation of the company significantly low to $5.58 billion. Read: Morgan Stanley slashes Flipkart valuation 3rd...

No holiday cheer as online shift costs US retailers billions of dollars

It's gloom time for American malls and retailers. Despite the fact that the holiday season is around the corner - a time when consumer spending is at an all-year high - a survey has it that Americans are spending less...

Morgan Stanley slashes Flipkart valuation 3rd time in 6 months

Morgan Stanley Institutional Fund Trust, one of the mutual fund investors in Flipkart, has once again marked down its estimate of the company's valuation. The markdown has come for the third consecutive time in the past six months. Morgan Stanley...
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Ice cream boutique Gold by ICW opens new outlet in Juhu

The boutique features its signature creations such as the 24K gold leaf ice cream, artisanal sorbets, and sundaesBengaluru: Luxury...
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