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What a deal with Future Retail means for RIL’s retail business

India covid-19 pandemic
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₹10654 crore and ₹3834 crore, respectively.RIL should not have any issues in funding these deals given its healthy balance sheet following the fund raising spree lately.

RIL has sold 24.7% stake in its digital services subsidiary, Jio Platforms Ltd for ₹1.15 trillion. It is also raising ₹53000 crore through a rights issue.The stake sales will offer relief on the debt front for Future Group.

This is all the more critical in covid-19 times when sales have taken a beating due to restrictions and a general demand slowdown.A pertinent question here would be whether offline retailing is appealing given the pandemic, which has increased demand for online services.

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NEW DELHI : The number of COVID-19 containment zones in Delhi has risen to 421 after re-mapping of such areas, an increase of 141 in the last two days, as the cases rose to over 83,000 on Sunday.Noting that the number of recoveries was more that the number of new cases, Delhi government said that the situation will improve in coming weeks and it will not be as "bleak" as it appeared in early June when there was a rapid surge in infections.Around 2.45 lakh people have been screened till Saturday night in an ongoing mammoth exercise to check the spread of COVID-19 in the national capital under a revised strategy, officials said.Authorities said that the city has reported 2,889 fresh cases in the last 24 hours while 3,306 people have recovered
city New Delhi city Delhi hospital covid-19 death Coronavirus
Final preparations by businesses ahead of further lifting of restrictions - rte.ie - Ireland
rte.ie
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Final preparations by businesses ahead of further lifting of restrictions
Business owners and employees around the country are making last-minute preparations for the reopening of premises with the lifting of further coronavirus restrictions tomorrow.
Ireland business Coronavirus
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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