Immediately after Future Retail announced the termination of agreement with 7-eleven, Reliance Retail announced a similar Master Franchise Agreement to launch 7-Eleven Convenience stores in India. Further interesting is the fact, that the 1st store is getting opened within the next 2 days, i.e., October 9, 2021 in Andheri East, Mumbai. Sequence of events clearly … Read more
Future Retail had signed the Master Franchise Agreement with 7-Eleven in February 2019 to develop and operate 7-Eleven stores within India. However, given Future group’s struggle over the last few years nothing material could be done and plans remained on paper. Future Group’s merger with Reliance Retail is also saddled with legal complications initiated by … Read more
Good Glamm Group, which operates brands like POPxo and BabyChakra, on Wednesday said it has acquired The Moms Co for an undisclosed amount. With this acquisition, The Moms Co aims to grow to a Rs 500 crore revenue run rate in the next two years. The brand is also expanding to the US and Middle … Read more
Chip-maker Advanced Micro Devices, Inc. (AMD) said that the latest Windows 11 operating system may reduce the gaming performance of its Ryzen motherboard by 10 to 15% as the OS does not utilize AMD’s preferred core. AMD posted a support note on its website stating that the new Windows OS will triple the L3 cache … Read more
Godrej Industries (GI) is one of the holding Company of Godrej group. Besides, it’s also a leading manufacturer of oleochemicals on standalone basis. However, for all practical purposes, it should be mainly looked at as a holding Company – numbers of it’s standalone business are not much exciting. It also borrows to fund various group … Read more
VST has been one of the under performers in the current bull run. From the high of around Rs 4,500 in January 2020 stock is currently trading at Rs 3,500. I personally attribute the underperformance to Covid-19 and it’s related fear about Cigarette smoking. The same is also reflected in the reported financial performance by … Read more