Reliance Industries Q1FY20: Retail and Jio drive the show, traditional businesses feel the heat

Reliance Industries (RIL) reported mixed set of numbers in Q1FY20 where traditional businesses were weaker, but largely in line with global trend. Gross refining margin (GRM) at $8.1 per barrel was a miss on street expectations. Jio continues to meet expectations in terms of its quarterly performance. Despite slower pace of customer addition, strong competition … Read more

Online buying boosts ‘touch, feel’ business of home decor furnishings

  Indians are becoming more conscious about the way their homes look and this has given new wings to the home decor segment on online platforms. Perhaps in response to the growing demand, Walmart announced this February the launch of redesigned home shopping experience on the web. This move was a part of the company’s … Read more