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Reliance Retail

M&S to expand India operations

British retailer Marks and Spencer, who had recently signed a joint venture with Mukesh Ambani-led Reliance Retail in India, has planned to add around 50 new stores to its existing tally of 14 stores in the country by the...

Consumer finance from RRL and Citibank JV

Looking at the increasing consumption due to availability of easy finance, Reliance Retail and Citibank have probably joined hands to float a joint venture for consumer finance.The companies will give charge of the new initiative to Sandeep Soni, who...

Fuel retailing is not a viable business proposition

Oil and Natural Gas Corporation (ONGC), one of the Navratna PSUs, made a significant announcement today. The company said that it is reconsidering its decision to get into fuel retailing business and will hold its plans to roll out...

About 60 iStores from Reliance on the cards

Reliance Retail (RRL) has planned to set up 60 iStores across the country by 2011. iStore is the retailing format of Reliance through which Apple products are sold.Speaking to media at the inauguration of iStore in Jaipur, the first...

Canadian firm to build energy-saving outlets for Reliance

From now onwards, all the outlets constructed for all verticals of the Mukesh Ambani-led Reliance Retail will be energy-efficient buildings constructed by Canadian plastics major Nova Chemicals.Reliance Industries has joined hands with Nova Chemicals for jointly designing and constructing...

Planet Retail might lose M&S franchise

The UK-based Marks & Spencer (M&S), which is present in India through a franchise agreement with Planet Retail, might consider closing down the deal as the company has recently signed a joint venture with Reliance Retail to set up...

RRL to be a listed company

Mukesh Ambani-led Relaince Industries did not reveal financial figures of its retail vertical Reliance Retail Ltd (RRL) in its FY2007-08 results release, as the company is not listed and is not liable to share its financial results in public.Contacted...

Office Depot in India; signs 51:49 JV with Reliance

The Florida-based office stationery retailer Office Depot Inc. (OPD) has signed a 51:49 joint venture with the Mukesh Ambani-led Reliance Retail in India.In an exclusive revelation to Indiaretailing, Marisa Bluestone, Office Depot spokesperson from the United States, confirmed the...

M&S partners Reliance Retail to form Tapti

Aiming to establish Marks & Spencer as a major retail brand in India, the UK-based Marks and Spencer Group has entered into a joint venture with Reliance Retail, the retailing arm of Reliance Industries, to form Marks and Spencer...

Reliance and Pantaloon to have STR-tested products

India's leading retailers including Reliance Retail and Pantaloon are reported to be in talks with the US-based Specialized Technology Resources Inc. (STR) to get STR certification for all their products.STR recently launched their first testing laboratory in India, at...
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