The cabinet has approved Foreign Direct Investment (FDI) in Retail. 51% in multi-brand retail (think Walmart, Tesco) 100% in single-brand retail (like a Nike) $100 million minimum investment, of which 50% must be in back-end 30% of sourcing from SMEs in India Only in towns with over 1 million population This has pushed retail stocks [...]

Posted in Credit Repair, PANTALOONR, RealEstate Comments Off

Pantaloon Retail wants to exit Future Capital Holdings, says ET.  (HT @moneybloke) The stock has come a long way from it’s IPO in 2008 January, for Rs. 765 per share. It went to a high of over 1,000 before the markets gave way and the stock fell. It’s at Rs. 146 today, with just Rs. [...]

Posted in Credit Repair, FCH, PANTALOONR Comments Off

A recent IPO at the face value of 10 – which was as good as Gold dust – has been dissapointing. Future Ventures, a Biyani Group company, has seen it’s price fall all the way to 8.70 in two days. The fall has been cushioned partly by promoter-owned P…

Posted in Credit Repair, FUTUREVENT, IPO, PANTALOONR, Stocks Comments Off

Pantaloon Retail – the owner of Big Bazaar – has been losing steam tremendously, and is down over 6% today to 253, the lowest it has been since, well May 2009. The stock has been absolutely hammered all the way from the 520 levels it saw in October 20…

Posted in Credit Repair, PANTALOONR, Stocks Comments Off