Reliance Retail To Buy Metro India. China Covid Rise Hurt Investors' Sentiments & More

Indian businesses are nervously watching the spread of Covid in China. It is déjà vu for the Indian supply chain which went off the rails in previous lockdowns. Isha Ambani's Reliance Retail has made its largest acquisition to date. Picking up the entire stake in Metro Cash & Carry's Indian operations for Rs 2,850 crore rupees. The deal considerably strengthens RIL's dominant position in the domestic retail sector. Till a few months ago, bank fixed deposits were considered one of the worst investments… with one of the lowest returns… taxable according to the income tax slab you fell in. These and many other stories only on #BTTV.