While American biggies Amazon and Walmart fight for their pound of flesh in India, Indian retailers have quietly stolen the show.

The country's most profitable retailer has been getting tough competition, as a result of which, it had cut prices across categories and this led to margin erosion.

At 2:42 pm, the Avenue Supermarts stock was trading 4.91% or 69.25 points lower at 1,341 level on BSE. The stock which opened at 1,340 level fell to an intra day low of 1,310 on the BSE.

Kiran Mazumdar-Shaw is the only self-made women -- with the total wealth of Rs 24,790 crore - who could make it to the top 100. On the third spot is Indu Jain of Bennett Coleman and Co Group, whose total wealth is estimated to be around Rs 26,240 crore.

A recovery in rupee, unabated buying by domestic institutional investors (DIIs) and encouraging earnings by blue-chips contributed to the uptrend, brokers said.

The surge in the stock price took the market capitalization of the firm to a record Rs 1,01,099 crore on BSE. The stock has been gaining for the last four days and has risen 9.74% during the period.

The shares of Avenue Supermarts Ltd (ASL) crashed 7 per cent today after news broke that its promoter Radhakishan Shivkishan Damani will divest part of his shareholding in the company, which runs retail chain D-Mart.

The Fifth edition of Business Today's Fastest Growing Companies picks out leaders who grew even in tough times.

The Indian economy is showing signs of recovery as corporate numbers for Q3FY18 has improved.

Mukesh Ambani saw the highest jump in his net worth YTD in dollar terms.He was followed by Adani group's founder Gautam Adani whose net worth increased $5.6billion YTD.

The year 2017 saw a flurry of Initial Public Offers (IPO) which created a lot of buzz on the Dalal Street. While some stocks listed at discounts over their issue price, others made blockbuster debuts  and reaped huge gains for their investors.  We look at top five IPOs of 2017 which have delivered maximum returns over their issue price.

If it was not for some of our investors looking for an exit,we might have not listed our company,\" says Murugavel Janakiraman, CEO, Matrimony.com. The company, whose initial public offering, or IPO, in September mopped up nearly Rs500 crore at Rs985 per share, got only Rs130 crore, as the rest went to exiting investors.

Many of the recent initial public offerings were aimed at providing earlier investors an exit route rather than capital formation.

Ambani retains the richest Indian title for the sixth year running and this year he has climbed to top 15 in the Hurun global rich list for the first time. His wealth is 50 per cent more than GDP of Yemen, the country of his birth.

Three companies-Matrimony.com, Capacit'e Infraprojects and ICICI Lombard-will launch their initial share sale offers this week to raise about Rs6,600 crore.

IPOs have done exceptionally well over the past few years. It is time to exercise caution

At 9:21 am, the stock was trading  almost two percent higher at 1008 level. Its market capitalisation rose further to Rs 62764.18 crore on the BSE.