RIL has set August 21 as the record date to determine eligible shareholders for payment of dividend. Dalal Street investors will keenly look forward to it, as Chairman Mukesh Ambani usually makes key announcements related to growth and expansion plans in AGMs.
Hindustan Unilever (HUL), a leading fast-moving consumer goods (FMCG) player in India, is expected to announce a 14% YoY hike in Q4 revenue growth to Rs 15,347 crore driven by price hikes. The company is also expected to report a 12.33% YoY increase to Rs 2,614 crore in net profit in the final quarter of the financial year 2021-22 (FY22), EBITDA margins are expected to remain flat at 24% for Q4., Companies News, Times Now
Mukesh Ambani-led Reliance Industries Ltd is all set to acquire German retailer METRO AG's cash & carry business in India for 500 million Euro or Rs 4,060 crore. According to a PTI report that quoted industry sources, the deal includes 31 wholesale distribution centres, land banks, and other assets owned by the German retailer in India.
Reliance Industries announced on Thursday a franchise partnership with Pret A Manger to launch and build the British sandwich and coffee chain in India, marking the company's foray into the booming food and beverage industry.
Reliance Industries along with US private equity fund Apollo Global Management is learnt to have made a 5 billion pounds bid for the UK-based chemist chain Boots, according to various media reports.