Reliance, Bata form alliance for footwear vertical (Economic Times 31st Dec 2007)Reliance Retail is ensuring it gets the widest possible reach for its footwear business. The company has entered into a strategic alliance with Bata India to jump-start its footwear vertical. With this alliance, Reliance will get access to India’s oldest and biggest footwear retailer’s 1,200 stores which are spread in every nook and corner of the country. Reliance Retail has entered into a distribution tie-up with Bata India to retail its private labels through Bata outlets, sources have confirmed. More
Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.
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