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KKR to invest Rs 2,069 cr in Reliance Retail to hike stake to 1.42%

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...

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,...

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...

Future Retail shares climb 5%

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...

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...

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...

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...

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...

Future Retail anticipates liquidation if deal with RIL fails

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...

RIL to now focus on monetization with 'commerce layer'

In the next four years, Reliance Industries Limited (RIL)'s focus would be to add a third ‘layer of commerce’ and monetize the existing investments across different formats. According to a research report by BofA Securities, in the last 4 years,...
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Ace Turtle wins Images Award of Excellence at IFF 2024

The award celebrates Ace Turtle’s efforts in establishing itself as India's first fully digitally integrated retailer Bengaluru: Technology-native retail company Ace...
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