News

Razorpay`s new `UPI Autopay on QR` lets you pay in just 30 seconds Full-stack fintech platform Razorpay in collaboration with NPCI (National Payments Corporation of India) on Wednesday launched 'UPI Autopay on QR' that will transform customer onboarding into a swift two-step process, involving ‘scanning and paying’ under just 30 seconds. According to the company, this pioneering solution aims to streamline and simplify the challenges associated with expanding and maintaining subscription-based businesses, marking an industry-first achi...
Razorpay`s new `UPI Autopay on QR` lets you pay in just 30 seconds
Razorpay`s new `UPI Autopay on QR` lets you pay in just 30 seconds
Source: IANS
7/09/2023 10:01:42 AM
Reliance Retail Ventures Limited and Alia Bhatt`s Ed-e-Mamma enter into a joint venture to shape a conscious future Reliance Retail Ventures Limited (RRVL) signs a joint venture with Alia Bhatt’s conscious clothing brand of kids and maternity-wear, Ed-a-Mamma for a 51% majority stake. RRVL aims to take the brand on a dynamic growth trajectory by closely collaborating with founder Alia Bhatt and leveraging the management strength of its subsidiary Reliance Brands Limited to spearhead the business. This partnership also marks a significant step forward in promoting sustainable fashion for the...
Reliance Retail Ventures Limited and Alia Bhatt`s Ed-e-Mamma enter into a joint venture to shape a conscious future
Reliance Retail Ventures Limited and Alia Bhatt`s Ed-e-Mamma enter into a joint venture to shape a conscious future
Source: PR Agency
6/09/2023 5:36:32 PM
India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation Tata Group's consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said. If successfully concluded, a deal would see the Indian conglomerate directly compete with Pepsi and billionaire Mukesh Ambani's Reliance Retail. Haldiram's, a household name in India, is also talking with private equity firms including Bain Capital about the sale of a ...
India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation
India`s Tata seeks control of Haldiram`s, snack maker wants $10 billion valuation
Source: Reuters
6/09/2023 2:56:54 PM
Quote on RIL AGM from Dr. V K Vijayakumar, Geojit Financial Services Below the quote on today's RIL AGM from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. "Market will be keenly watching for any indications on value unlocking in Reliance Retail and Telecom businesses. Also any announcements regarding the status of the mega green energy and battery projects also will be keenly watched."   Above views are of the author and not of the website kindly read disclaimer
Quote on RIL AGM from Dr. V K Vijayakumar, Geojit Financial Services
Quote on RIL AGM from Dr. V K Vijayakumar, Geojit Financial Services
Source: Geojit Financial Services
28/08/2023 2:17:33 PM
Reliance Retail launches youth fashion retail format Yousta India’s largest retailer, Reliance Retail, on Thursday announced the launch of its youth-focused fashion retail format, Yousta, with the opening of its first store in Hyderabad’s Sarath City Mall. With contemporary tech-enabled store layouts, Yousta offers high-fashion at affordable prices targeted at young consumers. All products, for instance, are priced below Rs 999, with a majority priced below Rs 499. Apart from housing unisex merchandise, character merchandise and a we...
Reliance Retail launches youth fashion retail format Yousta
Reliance Retail launches youth fashion retail format Yousta
Source: IANS
25/08/2023 9:59:21 AM
India`s Reliance Industries to sell additional stake in retail arm India's Reliance Industries is likely to sell an additional 8-10% stake in its retail arm Reliance Retail Ventures to fund expansion, retire debt and prepare for a public listing of the conglomerate's retail business, the Economic Times reported on Friday. This process will most likely take 12-15 months and will be vital for the projected initial public offering of Reliance's retail operations, the report added, citing industry sources. Reliance did not immediately respond t...
India`s Reliance Industries to sell additional stake in retail arm
India`s Reliance Industries to sell additional stake in retail arm
Source: Reuters
25/08/2023 9:36:49 AM
QIA to invest Rs 8,278 crore in Reliance Retail for 0.99% equity stake Reliance Retail Ventures Limited (RRVL) announced on Wednesday that Qatar Investment Authority (QIA), through a wholly-owned subsidiary, will invest Rs 8,278 crore into RRVL, a subsidiary of Reliance Industries Limited. The investment values RRVL at a pre-money equity value of Rs 8.278 lakh crore. RRVL, through its subsidiaries and associates, operates India's largest, fastest growing, and most profitable retail business serving 267 million loyalty customers with an integrated omni-...
QIA to invest Rs 8,278 crore in Reliance Retail for 0.99% equity stake
QIA to invest Rs 8,278 crore in Reliance Retail for 0.99% equity stake
Source: IANS
23/08/2023 5:46:51 PM
Reliance hires 2.6L people in FY2022-23 as growth picks up Reliance Industries has always believed that its greatest strength is the One Reliance family that has powered its inclusive growth since the beginning. The Company regards its people as its most valuable asset. Reliance Group employed 2.62 lakh people in FY2022-23. Out of this, 1.8 lakh people joined in Retail, while 70,500 joined Jio. 'Reliance set new records in creating employment for Indians with the addition of 2,62,558 jobs across businesses. Reliance Retail is recognised as ...
Reliance hires 2.6L people in FY2022-23 as growth picks up
Reliance hires 2.6L people in FY2022-23 as growth picks up
Source: IANS
6/08/2023 4:09:18 PM
Reliance on path of unlocking value across business segments  Reliance Industries is on the path of unlocking value across business segments, evident from the recent IPO of Jio Financial Services (JFS), buyout of minorities/potential investor in Reliance Retail and the stabilizing of Telecom capex, foreign brokerage, Bernstein said in a report. The report analyses the potential unlocking opportunities across businesses with 'path to potential IPOs' a key medium term catalyst. Reliance has sold strategic stakes over the years across v...
Reliance on path of unlocking value across business segments
Reliance on path of unlocking value across business segments
Source: IANS
2/08/2023 9:35:42 AM
Qatar`s QIA in talks for minority stake in India`s Reliance Retail- FT Qatar Investment Authority (QIA), Qatar's sovereign wealth fund, is in talks to buy a minority stake in Indian billionaire Mukesh Ambani's Reliance Retail Ventures, the Financial Times reported on Wednesday. The fund is considering a $1 billion investment in the retail unit, giving it a stake of about 1% and valuing the business at around $100 billion, the FT said, citing three people with knowledge of the discussions. The Qatari sovereign wealth fund had not yet approved the de...
Qatar`s QIA in talks for minority stake in India`s Reliance Retail- FT
Qatar`s QIA in talks for minority stake in India`s Reliance Retail- FT
Source: Reuters
26/07/2023 10:25:48 AM
Reliance Industries Ltd posts Rs 2.31L cr consolidated revenues for Q1 Reliance Industries Limited posted consolidated revenues of Rs 231,132 crore ($28.2 billion), down 4.7 per cent YoY, for Q1 FY2023-24 due to sharp decline in O2C revenues with 31 per cent fall in crude oil prices. Reliance’s quarterly EBITDA stood at a record high of Rs 41,982 crore ($5.1 billion), up 5.1 per cent Y-o-Y, led by consumer and upstream businesses. Its consolidated profit after tax (PAT) was at Rs 8,258 crore ($2.2 billion), down 5.9 per cent YoY, on account of high...
Reliance Industries Ltd posts Rs 2.31L cr consolidated revenues for Q1
Reliance Industries Ltd posts Rs 2.31L cr consolidated revenues for Q1
Source: IANS
22/07/2023 8:56:13 AM
India's Reliance Retail valued $92-96 billion by company-appointed consultants-source India's Reliance Retail, run by Asia's richest man Mukesh Ambani, has been valued at $92-96 billion by two global consultants appointed by the company, a source with direct knowledge of the matter told Reuters. Reliance had appointed independent valuers EY, which valued the company at $96.14 billion, while BDO valued it at around $92 billion, the source said. Reliance Retail includes Ambani's core retail businesses, including digital and brick-and-mortar stores. Reliance Ret...
India's Reliance Retail valued $92-96 billion by company-appointed consultants-source
India's Reliance Retail valued $92-96 billion by company-appointed consultants-source
Source: Reuters
7/07/2023 7:43:13 PM
Amazon raises investment in India to $26 billion by 2030 Amazon.com Inc said on Friday it will take its investments to $26 billion in India by 2030, adding $6.5 billion in new planned investments in an announcement made after CEO Andy Jassy met Prime Minister Narendra Modi in the United States. Though Jassy gave no breakdown, the announcement follows Amazon's cloud computing unit Amazon Web Services (AWS) saying last month it will invest 1.06 trillion rupees ($12.9 billion) in the country by the end of 2030. Earlier, Amazon had announced ...
Amazon raises investment in India to $26 billion by 2030
Amazon raises investment in India to $26 billion by 2030
Source: Reuters
24/06/2023 11:59:17 AM
Reliance Consumer Products partners with General Mills to launch Alan's Bugles in India  Reliance Consumer Products Limited (RCPL), the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), on Friday announced its foray into the western snacks category with the launch of Alan's Bugles in India. For the first time ever, snackers in India can enjoy Bugles, the international corn chips snacks brand with more than 50 years of heritage, owned by General Mills and available across major global markets, including the UK, US and the Middle East. ...
Reliance Consumer Products partners with General Mills to launch Alan's Bugles in India
Reliance Consumer Products partners with General Mills to launch Alan's Bugles in India
Source: IANS
26/05/2023 5:30:38 PM
Reliance Retail generates net new employment for 2,500 people  Reliance Retail generated net new employment for 2,500 people from January 2023 alone. As per market sources, 567 people resigned on performance grounds and serving notice-period post April 2023. Drumming up 567 performance-based exits which is less than 0.14 per cent) on a huge base of 400,000 plus is naive and alarmist, market sources said. Churn in all organised retail companies in India is 30-40 per cent annually. Separation is part of the normal course and is performance-r...
Reliance Retail generates net new employment for 2,500 people
Reliance Retail generates net new employment for 2,500 people
Source: IANS
25/05/2023 2:02:28 PM
CCI okays acquisition of METRO Cash, Carry by Reliance Retail Ventures The Competition Commission of India (CCI) has approved the acquisition of METRO Cash and Carry India Private Limited by Reliance Retail Ventures Limited. The proposed combination involves acquisition of 100 per cent of the issued and paid-up equity share capital of METRO Cash and Carry India Private Limited (Target) by the Reliance Retail Ventures Limited (Acquirer). The Acquirer is a subsidiary of Reliance Industries Limited. The Acquirer, through its subsidiaries and affiliates, is...
CCI okays acquisition of METRO Cash, Carry by Reliance Retail Ventures
CCI okays acquisition of METRO Cash, Carry by Reliance Retail Ventures
Source: IANS
15/03/2023 12:39:20 PM
Reliance Retail opens the first Gap store in India Reliance Retail announced the opening of the first freestanding Gap store in India in Mumbai's Infiniti Mall, Malad. The launch of this store marks a milestone in the long-term partnership between Reliance Retail Limited and Gap Inc., through which Reliance Retail is the official retailer for Gap across all channels in India. After opening over 50 Gap shop-in-shops since last year, Reliance Retail now initiates the second phase of the launch with the new Gap store in Infiniti Mall. The...
Reliance Retail opens the first Gap store in India
Reliance Retail opens the first Gap store in India
Source: IANS
27/02/2023 4:59:07 PM
Reliance Retail begins accepting Government digital rupee for sales Reliance Retail on Thursday announced it has begun accepting retail payments via the Indian government's Digital Rupee across its stores in the country. Reliance Retail launched the first in-store acceptance of the RBI-created and Blockchain-based Central Bank Digital Currency (CBDC) at its gourmet food store Freshpik here. The CBDC is the a digital version of fiat money that will co-exist will hard cash. "This historic initiative of pioneering the digital currency acceptanc...
Reliance Retail begins accepting Government digital rupee for sales
Reliance Retail begins accepting Government digital rupee for sales
Source: IANS
2/02/2023 2:47:08 PM
India`s Lotus Chocolate rises 5% on selling majority stake to Reliance Retail Shares of Lotus Chocolate Co rose 5% on Friday, a day after a unit of Reliance Retail Ventures agreed to buy a majority stake in the Indian chocolate maker for 740 million rupees ($8.94 million). Reliance Consumer Products Limited (RCPL), the fast-moving consumer goods arm of Reliance Retail, will acquire a 51% stake from promoters at 113 rupees a share and will also subscribe to some non-noncumulative redeemable preference shares. RCPL would also make an open offer to acquire 26% from ...
India`s Lotus Chocolate rises 5% on selling majority stake to Reliance Retail
India`s Lotus Chocolate rises 5% on selling majority stake to Reliance Retail
Source: Reuters
30/12/2022 10:05:34 AM
Reliance Industries Limited`s scorching growth in 20 years of Mukesh Ambani`s leadership Mukesh Ambani took over as the Chairman and Managing Director of Reliance Industries Limited (RIL) after the demise of his father and Reliance founder, Dhirubhai Ambani on July 6, 2002. In 2022, he completes two decades at the helm of Reliance Industries. In these 20 years, the company has achieved a consistent strong double-digit growth across revenues, profits, net worth, assets as well as market capitalisation. Reliance's market capitalization grew at an annualized rate of 20.6 p...
Reliance Industries Limited`s scorching growth in 20 years of Mukesh Ambani`s leadership
Reliance Industries Limited`s scorching growth in 20 years of Mukesh Ambani`s leadership
Source: IANS
28/12/2022 2:32:27 PM
Just Dial falls after Reliance Retail Ventures sells 2% stake in company Just Dial is currently trading at Rs. 583.40, down by 6.45 points or 1.09% from its previous closing of Rs. 589.85 on the BSE. The scrip opened at Rs. 592.00 and has touched a high and low of Rs. 598.20 and Rs. 580.25 respectively. So far 8029 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 957.50 on 21-Jan-2022 and a 52 week low of Rs. 520.30 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs....
Just Dial falls after Reliance Retail Ventures sells 2% stake in company
Just Dial falls after Reliance Retail Ventures sells 2% stake in company
Source: Accord Fintech
22/12/2022 12:39:10 PM
Reliance Retail Ventures Limited acquires METRO Cash & Carry India Private Limited METRO India, a wholly owned subsidiary of METRO AG, operates cash and carry stores primarily under ‘METRO’ brand in India, with a unique history of 19+ years of experience and innovation in B2B segment The acquisition will add uniquely positioned multi-category large format stores to Reliance Retail’s store footprint across India and further strengthen its new commerce business Reliance Retail Ventures Limited (‘RRVL’), a subsidiary of Reliance Industries L...
Reliance Retail Ventures Limited acquires METRO Cash & Carry India Private Limited
Reliance Retail Ventures Limited acquires METRO Cash & Carry India Private Limited
Source: PR Agency
22/12/2022 9:50:43 AM
Heads UP Ventures touches roof on entering into contract with Reliance Retail Heads UP Ventures is currently trading at its upper limit of Rs. 16.20, up by 2.70 points or 20.00% from its previous closing of Rs. 13.50 on the BSE. The scrip opened at Rs. 16.20 and has touched a high and low of Rs. 16.20 and Rs. 16.20 respectively. So far 158845 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.00 on 07-Feb-2022 and a 52 week low of Rs. 11.25 on 02-Aug-2022. Last one week high and low...
Heads UP Ventures touches roof on entering into contract with Reliance Retail
Heads UP Ventures touches roof on entering into contract with Reliance Retail
Source: Accord Fintech
14/12/2022 12:13:37 PM
Reliance Centro Now Open At Growel`S 101 Mall Mumbai: Reliance Retail, India’s largest retailer, launched its fashion & lifestyle departmental store format, Reliance Centro at Growel’s 101 Mall in Kandivali, Mumbai, with much fanfare.  The expansive new store of Reliance Centro at Growel’s 101 Mall spreads over 60000 sq. ft. of retail space across three floors and offers more than 300 Indian and International brands across categories, including apparel, footwear, cosmetics, lingerie, sportswear, luggage...
Reliance Centro Now Open At Growel`S 101 Mall
Reliance Centro Now Open At Growel`S 101 Mall
Source: PR Agency
4/11/2022 2:57:02 PM
India`s Reliance to enter salon business, in talks with Naturals chain -Media Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, plans to enter the salon business and is in final stages to buy a roughly 49% stake in Naturals Salon & Spa, the Economic Times newspaper reported on Friday. However, Naturals' Chief Executive CK Kumaravel said "the talks are at a nascent stage," according to the report, which cited executives aware of the development. The existing promoters of Groom India Salons & Spa, which runs ...
India`s Reliance to enter salon business, in talks with Naturals chain -Media
India`s Reliance to enter salon business, in talks with Naturals chain -Media
Source: Reuters
4/11/2022 9:52:37 AM
India`s Reliance launches first in-house premium fashion store Reliance Industries Ltd's retail unit launched its first in-house premium fashion and lifestyle store on Thursday, as the billionaire Mukesh Ambani-led company continues to grab a bigger slice of India's luxury market. The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with the likes of Mango and Industria de Diseno Textil SA-owned Zara, and cater to millenials and Gen Z. "The mid-premium fashion segment is one of fastest growing c...
India`s Reliance launches first in-house premium fashion store
India`s Reliance launches first in-house premium fashion store
Source: Reuters
29/09/2022 11:40:57 AM
Reliance Retail launches fashion & lifestyle department store format Reliance Centro Reliance Retail, Indias largest retailer, on Tuesday announced the launch of its fashion and lifestyle department store format, Reliance Centro. The first Reliance Centro store was launched in Delhi's Vasant Kunj area. Reliance Centro is aimed at democratising fashion in India by strengthening its reach and connect with consumers  right from categories like apparels, footwear, cosmetics, lingerie, sportswear to luggage and accessories with over 300 Indian and international bran...
Reliance Retail launches fashion & lifestyle department store format Reliance Centro
Reliance Retail launches fashion & lifestyle department store format Reliance Centro
Source: IANS
28/09/2022 10:25:25 AM
Reliance Industries moves up as its arm executes definitive documents to acquire polyester business of SPL and SPTex Reliance Industries is currently trading at Rs. 2587.65, up by 19.05 points or 0.74% from its previous closing of Rs. 2568.60 on the BSE. The scrip opened at Rs. 2573.70 and has touched a high and low of Rs. 2593.80 and Rs. 2572.00 respectively. So far 19430 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the s...
Reliance Industries moves up as its arm executes definitive documents to acquire polyester business of SPL and SPTex
Reliance Industries moves up as its arm executes definitive documents to acquire polyester business of SPL and SPTex
Source: Accord Fintech
12/09/2022 11:47:52 AM
Reliance Retail begins appointing super-stockists to distribute its private label products in multiple FMCG categories Reliance Retail (RR) has begun appointing super-stockists to distribute its private label products in multiple FMCG categories, Kotak Securities said in a report. Reliance Retail already has a wide range of private labels across several entry-level food and non-food FMCG categories and will likely acquire more brands. "We believe own FMCG sales can add a margin layer to the overall Jiomart business", the report said. In its AGM held on August 29, 2022, Reliance Retail announce...
Reliance Retail begins appointing super-stockists to distribute its private label products in multiple FMCG categories
Reliance Retail begins appointing super-stockists to distribute its private label products in multiple FMCG categories
Source: IANS
4/09/2022 1:56:07 PM
Isha Ambani announces launch of FMCG business this year Isha Ambani, Director, Reliance Retail, announced on Monday that this year, Reliance Retail will launch its fast-moving consumer goods (FMCG) business. This is being done with an objective to develop and deliver high quality, affordable products which will solve every Indian's daily needs, Isha Ambani said at RIL's 45th AGM. Reliance Retail achieved a proud record of Rs 2 lakh crore turnover and EBITDA of Rs 12,000 crore, and is among the top 10 retailers in Asia. Reliance Re...
Isha Ambani announces launch of FMCG business this year
Isha Ambani announces launch of FMCG business this year
Source: Accord Fintech
29/08/2022 5:19:50 PM
Reliance-backed Dunzo's B2B logistics arm arrives on ONDC Reliance Retail-based Dunzos B2B logistics arm, Dunzo for Business (D4B), on Thursday announced its partnership with the governments Open Network for Digital Commerce (ONDC) to provide last-mile delivery services to local enterprises on the ONDC network. D4B has a fleet of over 75,000 delivery partners, connecting over 20,000 merchants to customers and running millions of orders every month. GrowthFalcons is one of the first businesses D4B has serviced on ONDC. "We are very happ...
Reliance-backed Dunzo's B2B logistics arm arrives on ONDC
Reliance-backed Dunzo's B2B logistics arm arrives on ONDC
Source: IANS
4/08/2022 6:57:27 PM
Reliance Retail to bring Gap brand to India  India's largest retailer Reliance Retail Ltd on Wednesday said it has entered a long-term partnership with Gap Inc. to bring iconic American fashion brand to India. Through the long-term franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India, Reliance Retail said. Reliance Retail will introduce Gap's latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions, and di...
Reliance Retail to bring Gap brand to India
Reliance Retail to bring Gap brand to India
Source: IANS
7/07/2022 8:41:20 AM
India's Reliance to acquire dozens of brands in $6.5 billion consumer goods play MUMBAI -India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters. Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months and is hiring an army of distributors to take them to mom-and-pop stores and bi...
India's Reliance to acquire dozens of brands in $6.5 billion consumer goods play
India's Reliance to acquire dozens of brands in $6.5 billion consumer goods play
Source: Reuters
16/05/2022 8:36:48 AM
Tod’s S.P.A And Reliance Brands Limited Enter A Multi-Year Franchise Agreement To Retail The Brand In India RELIANCE BRANDS LIMITED (RBL) commences a new journey with the icon of Italian luxury lifestyle Tod’s S.p.A.  With this long-term Franchise agreement, RBL has become the official retailer of the brand across all categories including footwear, handbags and accessories in the Indian market. Tod's has been operational in India since 2008 with mono brand stores in DLF Emporio, New Delhi and Palladium, Mumbai and multibrand ecommerce platform Ajio Luxe.    The manage...
Tod’s S.P.A And Reliance Brands Limited Enter A Multi-Year Franchise Agreement To Retail The Brand In India
Tod’s S.P.A And Reliance Brands Limited Enter A Multi-Year Franchise Agreement To Retail The Brand In India
Source: PR Agency
10/05/2022 11:40:02 AM
India's Future Group stocks plunge after Reliance deal falls through BENGALURU - Shares of Future Group companies fell sharply on Monday, some as much as 20%, after India's biggest retailer Reliance called off its $3.4 billion deal with the group over the weekend, pushing its flagship Future Retail towards a possible bankruptcy process. Shares of Future Supply Chain Solutions, Future Retail, Future Lifestyle Fashions, Future Consumer and Future Enterprises fell between 5% and 20%. With Reliance calling off the deal, Future, once one of India'...
India's Future Group stocks plunge after Reliance deal falls through
India's Future Group stocks plunge after Reliance deal falls through
Source: Reuters
25/04/2022 11:01:20 AM
Reliance Retail boosts its “Handmade in India” programme Reliance Retail boosts its “Handmade in India” programme   Will launch a dedicated artisan-only store format, “Swadesh”, to showcase artisanal products including Agriculture & Food products, handlooms, Clothing, Textiles, Handicrafts & Handmade natural products Envisages global platform for artisans and sellers of handcrafted products Explores new partnerships with state governments and undertakings to create a strong, vigorous and sustainable...
Reliance Retail boosts its “Handmade in India” programme
Reliance Retail boosts its “Handmade in India” programme
Source: PR AGENCY
21/04/2022 6:14:26 PM
India's Reliance defends takeover of Future stores in letter NEW DELHI - India's top retailer, Reliance, has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million compelled it to act beyond expectations, a company letter shows. The takeover was part of the race to dominate a $900-billion retail sector that set off a bitter dispute in which India's Supreme Court will decide whether Reliance or Amazon.com Inc gets to scoop up Future's assets. The March 8 letter, ...
India's Reliance defends takeover of Future stores in letter
India's Reliance defends takeover of Future stores in letter
Source: Reuters
31/03/2022 12:54:50 PM
Key News - Jindal Steel and Power Ltd, Wockhardt Ltd, Reliance Retail , SBI, HDFC Bank By ARETE Securities KeyNews Steel major JSPL Mauritius' arm makes $ 357-mn prepayment to lenders Homegrown steel major JSPL on Sunday said its subsidiary in Mauritius has made a prepayment of USD 357 million to lenders. The prepayment will help clear the entire debt on Jindal Steel & Power (Mauritius) (JSPML), Jindal Steel and Power Limited (JSPL) said in a statement.   Wockhardt, Serum Institute of India tie up to make vaccines in UK Mumbai-based Wockhardt and Serum Life Sciences, ...
Key News - Jindal Steel and Power Ltd, Wockhardt Ltd, Reliance Retail , SBI, HDFC Bank By ARETE Securities
Key News - Jindal Steel and Power Ltd, Wockhardt Ltd, Reliance Retail , SBI, HDFC Bank By ARETE Securities
Source: ARETE Securities Ltd
21/03/2022 10:23:16 AM
Reliance Retail acquires majority stake in innerwear brand Clovia Reliance Retail Ventures Ltd on Sunday announced it has acquired 89 per cent equity stake in Purple Panda Fashions, which operates the Indian lingerie brand Clovia. Launched in 2013, Clovia is India's leading innerwear and loungewear for women. The acquisition entails an investment of Rs 950 crore through a combination of secondary stake purchase and primary investment. The remaining stake in the company will remain with the founding team and management of the company, a statemen...
Reliance Retail acquires majority stake in innerwear brand Clovia
Reliance Retail acquires majority stake in innerwear brand Clovia
Source: IANS
21/03/2022 8:53:42 AM
Reliance Retail Ventures Limited Joins Hands With Abraham & Thakore Reliance Retail Ventures Limited (RRVL) has invested in Abraham & Thakore Exports Pvt Lmt for a majority stake. RRVL seeks to leverage its subsidiary Reliance Brands Limited's (RBL) deep understanding of the affluent Indian customer and their heft across digital, retail operations, marketing, and supply chain platforms, to build brand Abraham & Thakore's global appeal in the fashion and lifestyle category. Launched in 1992 by David Abraham and Rakesh Thakore, were joined by...
Reliance Retail Ventures Limited Joins Hands With Abraham & Thakore
Reliance Retail Ventures Limited Joins Hands With Abraham & Thakore
Source: IANS
4/03/2022 3:33:15 PM
Reliance also extended working capital support due to which Future Retail has been able to pay its statutory dues In order that the Future Retail Limited (FRL) business could continue, Reliance also extended working capital support due to which FRL has been able to pay its statutory dues, pay interest and one time settlement amount to banks to continue its business operations. FRL owes Reliance towards this working capital support. In August 2020, the Boards of FRL and other Future companies and RRVL approved the Scheme of Arrangement for transfer of retail and logistics business of the Future Group t...
Reliance also extended working capital support due to which Future Retail has been able to pay its statutory dues
Reliance also extended working capital support due to which Future Retail has been able to pay its statutory dues
Source: IANS
28/02/2022 10:50:03 AM
India's Reliance to take over operation of 200 Future stores amid Amazon dispute - sources India's top retailer, Reliance, will take the operation of at least 200 stores of Future Retail, which failed to make lease payments due to Reliance, two people with direct knowledge of the matter told Reuters on Saturday. Since 2020, Reliance has failed to close a $3.4 billion deal to acquire the retail assets of Future, whose warring partner Amazon.com Inc has successfully blocked the transaction legally by citing violation of some contracts. Future denies any wrongdoing. Future, ...
India's Reliance to take over operation of 200 Future stores amid Amazon dispute - sources
India's Reliance to take over operation of 200 Future stores amid Amazon dispute - sources
Source: Reuters
26/02/2022 2:50:45 PM
Reliance Retail is 'King of India Retail': Bernstein Reliance Retail continues to execute strongly and has grown its retail footprint by 39 per cent (in sq.ft) since pandemic, added multiple brands and expanded its digital/new commerce, foreign brokerage, Bernstein said in a report. Reliance Retail is a scale leader with annualized core retail of $18.2 Bn, 3x+ of nearest competition and a current growth at 50 per cent+ yoy. It has shown consistent growth across categories -- grocery grew at double digit, Apparel & Electronics up 2x yo...
Reliance Retail is 'King of India Retail': Bernstein
Reliance Retail is 'King of India Retail': Bernstein
Source: IANS
24/02/2022 2:30:41 PM
Key News - Sony Corporation Ltd , Reliance Retail Ltd , JSW Energy Ltd, Saregama Ltd , Bajaj Auto Ltd , L&T Technology Services Ltd By ARETE Securities Key News Sony loses $20 bn in market value on Microsoft's Activision Blizzard deal Sony Group Corp. shares fell 13% in Tokyo on Wednesday, their biggest drop since October 2008, after PlayStation rival Microsoft Corp. announced a $69 billion deal to acquire games publisher Activision Blizzard Inc. The blockbuster acquisition escalates Microsoft’s spending spree to secure intellectual property assets for its Xbox Game Pass service, wiping $20 billion off Sony’s valuati...
Key News - Sony Corporation Ltd , Reliance Retail Ltd , JSW Energy Ltd, Saregama Ltd , Bajaj Auto Ltd , L&T Technology Services Ltd By ARETE Securities
Key News - Sony Corporation Ltd , Reliance Retail Ltd , JSW Energy Ltd, Saregama Ltd , Bajaj Auto Ltd , L&T Technology Services Ltd By ARETE Securities
Source: ARETE Securities Ltd
20/01/2022 9:24:54 AM
Reliance Industries Limited inks MoU worth Rs 5.95L cr in green energy other projects in Gujarat Reliance Industries (RIL) on Thursday signed Memorandums of Understanding (MoU) with the Gujarat state for a total investment of Rs 5.955 lakh crore as part of the investment promotion activity for 'Vibrant Gujarat Summit 2022', which was supposed to be held from January 10-12 in Gandhinagar, but was postponed due to the surge in the number of Covid cases in the state. These projects will create 10 lakh employment opportunities in the state. "To make Gujarat net zero and ca...
Reliance Industries Limited inks MoU worth Rs 5.95L cr in green energy other projects in Gujarat
Reliance Industries Limited inks MoU worth Rs 5.95L cr in green energy other projects in Gujarat
Source: IANS
14/01/2022 9:31:36 AM
Jefferies reiterates buy on RIL with target of Rs 2,950 Foreign brokerage Jefferies expects RIL's under-performance to reverse and has reiterated Buy with Rs 2,950 price target, with a 21 per cent potential upside. RIL under-performed Nifty by 5 per cent in CY21. We forecast 23 per cent EPS CAGR for RIL, ahead of the Nifty Consensus EPS CAGR of 16 per cent over FY22-24E, the report said. While Reliance Retail (RR) continued to scale up in the last two years, its growth trajectory was impacted by Covid-19 disruption. Rising Covid cases...
Jefferies reiterates buy on RIL with target of Rs 2,950
Jefferies reiterates buy on RIL with target of Rs 2,950
Source: IANS
10/01/2022 9:09:36 AM
Dunzo raises $240 mn led by Reliance Retail Ventures to expand business  E-commerce player Dunzo on Thursday raised $240 million to expand its footprint in India. The freshly raised funds will be used in enabling instant delivery of essentials from a network of micro warehouses while also expanding its 'B2B' business vertical to enable logistics for the local merchants. Currently, Dunzo is available across seven metro cities in India and the additional capital will be used to expand its business to 15 cities. The investment was led by Relian...
Dunzo raises $240 mn led by Reliance Retail Ventures to expand business
Dunzo raises $240 mn led by Reliance Retail Ventures to expand business
Source: IANS
7/01/2022 9:56:08 AM
Reliance Retail acquires 'amante' business of MAS Holdings Reliance Retail Ventures Limited ("RRVL") has acquired 100 per cent of the retail lingerie businesses under the 'amante' umbrella brand from MAS Brands, a wholly owned subsidiary of MAS Holdings, Sri Lanka. The 'amante business', which was established by MAS in 2007/8, engages in the retail and wholesale distribution of premium lingerie brands 'amante', 'Ultimo' and 'every de by amante'. The products are sold through its own stores and mult...
Reliance Retail acquires 'amante' business of MAS Holdings
Reliance Retail acquires 'amante' business of MAS Holdings
Source: IANS
12/11/2021 1:55:34 PM