#RIL receives Rs 5,512 cr from ADIA for stake sale in #retail unit, gets Rs 6,248 cr from Mubadala for stake sale in retail unit (From Agencies)

#Global | #China July industrial output rises 6.4% YoY; est of 7.9%

China July #retail sales rise 8.5% YoY; est of 10.9% (Agencies)

#GlobalNews | #China Aug industrial output rises 5.3% YoY vs est of 5.8%; Aug #retail sales rise 2.5% YoY vs estimate of 7% (From Agencies)

China Eco Data | May #industrial output rises 0.7% YoY; est of 0.9% decline

May #retail sales -6.7% YoY; est of -7.1% (From Agencies)

#NewsFlash | Electronic Mart India #IPO issue fully subscribed on Day 1

▶️On Day 1, IPO subscribed 1.30x until 3.55 pm

▶️Overall 1.30x, #QIB 1.67x, #NII 0.61x & #Retail 1.38x

L&T Fin Q2

Highest-ever quarterly #retail #disbursements at Rs. 10,238 Cr, up 15% QoQ

NIM + Fees at 8.43% in Q2FY23, up 85 bps YoY

PAT at Rs. 406 Cr, up 81% YoY

#Retail portfolio mix at 58% (up from 47% in Q2FY22) with over 27% YoY increase in retail book

#JustIn | IRCTC OFS for non-retail investors opens on December 15 & for #retail on December 16

JustIn | Phoenix Mills #acquires 7.22 acre of land parcel in #Surat, Gujarat, to develop #premium #retail destination for Rs 510 cr

USEconomicData | US January #retail sales at 6.4% (YoY) Vs estimate of 4.5%

TataMotors | #JLR UK Q1FY24 wholesales (ex-China) up 30% YoY at 93,253 units & retail sales grew 29% YoY

⭕️ Retail sales for #RangeRover up 199% & #Defender up 90% (YoY)

⭕️ Free cash flow expected to be over £400 million in Q1FY24

⭕️ #Retail sales up significantly, represent 76% of the #orderbook

India's #retail sales growth flat in August.

India's #retail sales grow 7% in October-November, below expected 10

#Reliance Q1 Beats:

➡️#O2C: EBITDA hits 4-year high of ₹17,010 Cr (+17.2% YoY)

➡️#Jio: EBITDA +15% YoY, ARPU at ₹215.60, JioHotstar hits 530 M MAUs

➡️#Retail: Revenue up 7.4% to ₹90,408 Cr; user base at 396M

➡️#Debt: Net debt stable at ₹1.23 Lakh Cr vs ₹1.24 Lakh Cr QoQ

#RelianceRetail scales up digital plays in Q1! Gross revenue crosses ₹90,408 Crore while the registered customer ecosystem reaches a record 396 Million. 'Ambition is to #double #retail biz operating EBITDA in 3 years', co says

Though digital commerce investments compressed EBITDA margins by 80 bps down to 7.9%, underlying demand remains robust with an adjusted revenue growth of 11.6% YoY