Skip to main content

Featured Post

A Comprehensive Guide What Are the Best Stocks to Buy on the NSE?

  Introduction   India’s National Stock Exchange (NSE) is one of the world’s most dynamic value markets, advertising speculators introduction to a wide cluster of sectors—from data innovation and pharmaceuticals to buyer merchandise and budgetary administrations. As the Indian economy proceeds to develop, numerous retail and organization financial specialists ponder which stocks merit a put in their portfolios. Whereas there is no one ‑ size ‑ fits ‑ all reply, a taught approach that centres on essentials, valuation, and macro ‑ economic patterns can offer assistance you recognize high ‑ quality companies with solid development prospects.   Understanding the NSE Scene Metric What It Means for Investors Market Capitalization Large ‑ cap stocks (₹10,000 crore +) tend to be more liquid and less volatile, while mid ‑ caps and small ‑ caps can offer higher growth but come with greater risk. Liquidity (Average Dail...
Post a Comment

Reliance Retail buys online drug-selling company Netmeds

 

Reliance Retail buys online drug-selling company Netmeds



Mukesh Ambani has made a big deal for his retail business. Reliance Industries Limited (RIL) has reported that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority share of Digital Pharma Market Place Netmeds. Reliance Industries has invested Rs 620 crore in online pharmacy company Netmeds. Reliance has taken a 60% stake in Vitalik Health and its subsidiary companies, collectively known as NetMeds. Reliance has bought 100 per cent stake in subsidiaries Trisara Health Pvt Ltd, Netmeds Market Place Ltd and Dadha Pharma Distribution Pvt Ltd.

 

Netmeds is an e-pharma portal selling prescription-based and over-the-counter medicines and other health products. Its services are available in around 20,000 locations in the country. Apart from this, the company also does doorstep delivery of medicines. Its promoter is Chennai-based company Dadha Pharma. It has been in operation since 2015. RIL talks about the purchase of urban ladder has been going on for the last several months. Now this conversation has reached the advanced stage. People aware of the matter say that the deal could be worth around $ 30 million. Similarly, after the deal failed with Amazon and BigBasket, Milk Basket and Reliance have come very close. According to the news, Reliance can pay $ 160 million for Jivame while about 30 million for Urban Ladder. The company is also planning to buy a stake in the milk maker Milk Basket. Let us know that Mukesh Ambani has recently raised more than $ 20 billion by selling a stake in Jio platform.

 

RIL is also in talks to buy Kishore Biyani's Future Group's retail business. According to the news, a deal may be announced in both companies soon. The deal is in its last phase. Future Retail Ltd, Future Consumer, Future Lifestyle Fashion, Future Supply Chain and Future Market Network will be merged into Future Enterprises Ltd before Future's retail business goes on sale. Future Group will be owned by Mukesh Ambani.

 

Please tell that e-commerce company Amazon has announced to enter the online pharmacy business. The company has started e-pharmacy service from Bengaluru. At the same time, Flipkart is also planning to enter this business soon. Talks are on with several pharma startups. In such a situation, tremendous competition is going to start.


Labels:

Comments

Post a Comment

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...
Post a Comment
Read more

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...
Post a Comment
Read more

Axis Bank has changed the interest rates of Axis Bank Fixed Deposit

  Axis Bank has changed the interest on Axis Bank Fixed Deposit Scheme (FD). Now 7 days and 29 days FD will get 2.50% interest. Apart from this, now investor will get 5.75% interest on FD of 5 to 140 years. The new interest rates have come into effect from March 18, 2021. Earlier in January 2021, SBI also changed the interest on FD.   Now how much interest rate will be received on FD     Time P eriod New Interest Rate (in%) Old Interest Rate (in%) 7 Days to 29 Days 2.50 2.50 7 Days to 29 Days 3.00 3.00 3 to 6 Months 3.50 3.50 6 to 11 Months 25 Days 4.40 4.40 11 Months 25 days to 1 Year 5 Days 5.15 5.15 1 Year 5 Days to 18 Months 5.10 5.10 18 Months to 2 Years 5.25 5.10 2 Years to 5 Years ...
Post a Comment
Read more