M&A news and archive

Reliance bids for Alok Ind

Reliance Industries is interested mainly in the polyester yarn business of Alok Industries. Alok faces claims to the tune of Rs 29,519 crores from financial creditors and Rs 624 crores from operational creditors. Alok is a fully integrated textile unit with four core divisions — cotton yarn, apparel fabric, home textile and polyester yarn....

RetailFeatured

Demonetisation Affect: Brands still giving out end of season discounts

For the first time in six years, the customary end-of-season sale at Zara, Mango and Marks & Spencer has meandered way past its traditional deadlines – without emptying the shelves. Low consumer confidence owing to currency swap announcement has prevented brands from liquidating last season's stocks as, analysts say, even discounts of up to 70...