Oil-to-telecommunications conglomerate Reliance Industries is constantly working to expand its presence in the retail sector. On Tuesday, the Abu Dhabi Investment Authority (ADIA) became the eighth investor in Reliance Retail Ventures, agreeing to choose 1.2 percent of the company’s share capital for Rs 5,512.5 million. ADIA joins the Silver Lake …
Read More »UBS cuts target prices on bank stocks by 5-41%
[ad_1] Mumbai: UBS has cut target price of banks by 5-41% as it believes risk-reward remains unfavorable in the sector while risks to collections and credit culture are rising. The brokerage has downgraded its rating on HDFC Bank to neutral from buy and cut target price on it to Rs …
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