RIL
In Focus
Reliance Retail’s revenue grows 18% to cross Rs 3 lakh crore in FY24
PTI -
During the financial year 2023-24, the total footfall at Reliance Retail stores was at 1,063 million (around 106.3 crore) this was 780 million a year ago
New Delhi: Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led...
Finance and Funding
KKR to invest Rs 2,069 cr in Reliance Retail to hike stake to 1.42%
PTI -
After this investment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL), the holding company of the retail business of billionaire Mukesh Ambani-led RIL, will increase to 1.42 per cent from 1.17 per centNew Delhi: Global investment firm KKR will...
Fashion & Lifestyle
Reliance Retail launches youth fashion retail format, Yousta
The first Yousta store, opened in Hyderabad, features several tech touch points, including QR-enabled screens for information sharing, self-checkout counters, complimentary Wi-Fi and charging stations
New Delhi: India’s largest retailer, Reliance Retail today announced the launch of its youth-focused fashion retail format,...
Fashion
Armani Exchange opens outlet in Goa
The latest outlet is located at Goa's Manohar International Airport (MOPA)
Mumbai: Italian apparel and accessories brand Armani Exchange has opened its latest outlet in Goa, Reliance Brands Ltd. announced on social media. The latest outlet is located at Manohar...
Big Grid
Future Retail shares climb 5%
PTI -
As many as 49 players, including Reliance Retail, Jindal Power Ltd and Adani group, have submitted EoI for acquiring the assets of Future Retail, which is currently going through insolvency resolution processNew Delhi: Shares of Future Retail climbed nearly...
Big Grid
Future Group moves HC against order restraining Future-Reliance deal
The Future Group has approached the Delhi HC challenging a single judge's order upholding the Singapore's Emergency Arbitrator's (EA) order restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,713 crore deal with Reliance Retail Limited to sell its...
Big Grid
Traders’ bodies urge Amazon to ‘back off’ from Future-RIL deal
Traders' body AICPD and NGO Prahar in an open letter on Thursday asked Amazon to 'back off' from blocking the Reliance-Future Group deal, alleging mall vendors and suppliers have become collateral damage in the current tussle between the companies."Around 6,000 Indian small vendors and suppliers...
Latest News
Suspend review of Future-RIL deal, don’t grant no objection: Amazon urges SEBI
E-commerce giant Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal.It has also filed an appeal with...
Big Grid
We were fed up with your lackadaisical attitude, Future Group CEO Kishore Biyani tells Amazon
Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Future Group Founder and CEO Kishore Biyani said in a letter to Amazon.com NV Investment Holdings LLC said, "You were well aware...
Retail
Future Retail anticipates liquidation if deal with RIL fails
IANS -
As a Singapore arbitration court has temporarily halted the acquisition process of Future Group's retail business by Reliance Retail, there has been speculation over what happens to Future Retail if the deal does not actually go through.
Future Retail's representative...
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Latest News
Zomato raises $1 bn via QIP; Motilal Oswal, ICICI Prudential among big domestic investors
Zomato had launched its Qualified Institutional Placement (QIP) issue on 25 November, which closed on 28 November New Delhi: Food...
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