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Mukesh Ambani

Qatari fund in talks to invest $1 bn into Reliance Retail at $100 bn valuation

The Qatar Investment Authority (QIA) is “considering” to pick a minority 1% stake in holding firm Reliance Retail Ventures Ltd  New Delhi: Qatar’s sovereign fund is planning to invest $1 billion into Reliance Retail, valuing India’s largest retailer at a...

Reliance Retail Q1 net profit climbs 19% to Rs 2,448 crore

The company, a part of billionaire Mukesh Ambani-led Reliance Industries Ltd, had posted a consolidated net profit of Rs 2,061 crore in the same quarter of the last fiscalNew Delhi: Reliance Retail on Friday reported a 19 per cent rise...

Reliance Brands to acquire Alia Bhatt-promoted kidswear brand Ed-a-Mamma

Reliance Brands would ultimately acquire the company, which specializes in providing sustainable clothing options for kids at affordable ratesNew Delhi: Reliance Brands, part of Reliance Retail Ventures Ltd (RRVL), is planning to buy Ed-a-Mamma, a kidswear brand promoted by...

Future Lifestyle Insolvency: Claims worth Rs 3,477 crore admitted from financial creditors

Catalyst Trusteeship Ltd has emerged as the lead financial creditor with Rs 600.40 crore, having a 17.4 per cent voting share in the Committee of Creditors (CoC), formed for the debt-ridden Future Group firmNew Delhi: Future Lifestyle Fashions Ltd...

Aditya Birla Group to foray into branded jewellery retail business; to invest Rs 5,000 crore

The new venture, Novel Jewels, will build large-format exclusive jewellery retail stores across India, with in-house jewellery brandsNew Delhi: Leading business conglomerate Aditya Birla Group on Tuesday said it is foraying into the branded jewellery retail business with an...

$150bn e-commerce market: Potent mix of retail, telecom, digital media to put Reliance at top

In a new report, Bernstein Research said India is evolving into a three-player market with Amazon, Walmart and RelianceNew Delhi: Billionaire Mukesh Ambani's Reliance is the best-positioned player in the USD 150-billion Indian e-commerce market ahead of Amazon and...

FMCG makers expect sustained recovery in volume and margins with price reduction in FY24

FMCG companies are chasing volume growth again after a gap of a few quarters, offering higher grammage and price cuts thanks to inflationary pressuresNew Delhi: Encouraged by volume growth, margin improvement and recovery in rural sales, India's top fast-moving consumer...

Soft drinks to soaps: Reliance unveils big price war plan

Reliance has entered the personal and home care segment of FMCG, offering products at 30 to 35 per cent lesser priceNew Delhi: After stirring a price war in the soft drink segment with the relaunch of Campa, billionaire Mukesh Ambani-led...

Reliance to invest Rs 75,000 crore in UP in 4 yrs: Ambani

Reliance Industries Ltd will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity in UPLucknow: Reliance Industries Ltd will invest Rs 75,000 crore in rolling out 5G mobile telephony...

Reliance makes open offer to acquire 26% stake in Lotus Chocolate

The open offer starts on February 21 and closes on March 6 and it will aggregate to a total consideration of Rs 38.56 crore over the full acceptanceNew Delhi: Two Reliance group firms - Reliance Consumer Products Ltd (RCPL) and Reliance...
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Zepto achieves 120% revenue growth in FY24, reports strong financial performance

Zepto reduced its absolute losses, with PAT as a percentage of revenue improving significantly from -63% in FY23 to...
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