In a strategic move to expand its footprint in the consumer durables segment, Reliance Retail Ventures Ltd (RRVL) has acquired the iconic home appliances brand Kelvinator India. The acquisition is expected to significantly boost Reliance Retail’s presence in the white goods and home appliances market, a sector poised for rapid growth in the coming years. About the Acquisition The acquisition was executed through Reliance’s subsidiary, Reliance Retail Limited, which will now hold the rights to
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Shares of Indian solar companies such as Waaree Energies, Premier Energies, and SW Solar witnessed a decline of up to 4% in Monday’s trade following reports that several U.S.-based solar manufacturers have petitioned the U.S. government to impose tariffs on solar imports from India. What Triggered the Fall? According to recent filings, a coalition of American solar manufacturers has submitted a formal request to the U.S. International Trade Commission (USITC) and the U.S. Department of
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Indian markets closed on a weak note on Thursday’s weekly F&O expiry. The Sensex ended nearly 350 points lower at 82,259, while the Nifty managed to stay slightly above the 25,100 mark, closing at 25,111. The broader market showed relative resilience, but sentiment was weighed down by IT sector losses and a cautious stance from global investors. Key Factors Behind Market Movement IT Sector Pressure: Shares of Tech Mahindra and other major IT players fell
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India has reaffirmed its confidence in the face of potential US secondary sanctions on Russian oil imports. Union Petroleum Minister Hardeep Singh Puri stated that the country is not concerned about such developments, citing India’s diversified crude sourcing strategy and stable global oil supply. India’s Diversification Strategy India has significantly expanded its oil import portfolio. Where it earlier sourced crude from 27 countries, it now imports from over 40. This includes traditional Middle Eastern suppliers
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In a major development, the Adani Group has sold a 20% stake in AWL Agri Business Limited (formerly Adani Wilmar Ltd) to Wilmar International’s unit, Lence Pte Ltd, in a deal valued at ₹7,150 crore (at ₹275 per share). The transaction reshapes ownership, reinforcing Wilmar’s control over the food and FMCG joint venture. Deal Overview Seller: Adani Commodities LLP (subsidiary of Adani Enterprises) Buyer: Lence Pte Ltd (Wilmar International’s subsidiary) Deal Value: ₹7,150 crore (₹275
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