Meta, Jio platforms collaborate to launch JioMart shopping services on WhatsApp
Aug 30, 2022, at 06:40 am
Mumbai/IBNS: Meta and Jio Platforms Monday announced the launch of the first-ever end-to-end shopping experience on WhatsApp, where consumers can shop from JioMart right within their WhatsApp chat.
Mukesh Ambani outlines businesses to be helmed by each of his 3 children in Reliance
Aug 30, 2022, at 03:18 am
Billionaire industrialist Mukesh Ambani has outlined the businesses each of his three children will oversee during Reliance Industries Ltd.'s annual shareholder meeting, declaring his company's successors clearly for the first time.
Reliance Industries' brand new eCommerce platform JioMarket likely before festive season: Report
Aug 06, 2022, at 07:16 pm
Mumbai: With the launch of its separate platform JioMarket nearing, Reliance Industries (RIL) has started inducting independent sellers and Direct to Customer (D2C) brands, media reports said.
Reliance Retail to bring Gap products in India; signs long-term franchise pact
Jul 07, 2022, at 04:20 am
Mumbai: Reliance Retail Ltd has inked a long-term franchise agreement with American fashion brand gap Inc to sell its products to India, the company said on Thursday.
Amazon writes to independent directors of Future Retail, accuses them of 'fraudulent stratagem'
May 23, 2022, at 05:46 am
Amazon has written to the independent directors of Future Retail Ltd (FRL), accusing them of facilitating a "fraudulent stratagem" of transferring 835 stores to billionaire Mukesh Ambani's Reliance Retail.
May 23, 2022, at 02:17 am
Mumbai: The Atlas of Affluence (AOA) 2022, the digital magazine that tracks and leads conversations on Indian fashion, design, crafts, and retail, was launched in Mumbai on May 20.
Reliance Jio Q4 profit jumps 24 pc to Rs 4,173 cr
May 07, 2022, at 02:28 am
Mumbai: Mukesh Ambani-led Reliance Jio Infocomm on Friday reported a 24 percent increase in standalone net profit to Rs 4,173 crore in the quarter ending March 2022 as compared to Rs 3,360 crore in the same period last financial year.
Mukesh Ambani preparing to launch India's biggest IPOs
Apr 29, 2022, at 09:42 pm
Mumbai: Reliance Industries Ltd (RIL) chairman Mukesh Ambani is set to launch initial public offerings (IPOs) for Reliance Jio and Reliance Retail Ventures, media reports said.
Mumbai: Reliance to launch luxury shopping mall for India's richest buyers
Apr 28, 2022, at 01:21 am
Mumbai: Eyeing India's growing western luxury brand market, billionaire Mukesh Ambani-led Reliance is planning to open a mega shopping mall that will be a shopping paradise for India's uber-rich, Reuters reported.
RIL becomes first Indian company to cross Rs 19 trillion in market cap
Apr 27, 2022, at 07:07 pm
Mumbai: Reliance Industries Ltd (RIL) has become the first-ever Indian company to cross a market capitalization (m-cap) of 19 trillion or 19 lakh crore as the company's stock hit record hit a record of Rs 2,827.10 on BSE, up 1.7 percent intraday, said media reports.
Reliance & UAE's TA’ZIZ sign shareholder agreement for Ruwais chemicals project
Apr 27, 2022, at 04:00 am
Mumbai: India's leading conglomerate Reliance Industries Ltd (RIL) and Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) on Tuesday announced the signing of shareholder agreement for the Ruwais chemicals project.
Reliance cancels Rs 24,700 cr deal with Future group after secured creditors oppose it
Apr 24, 2022, at 02:35 am
Mumbai: A day after secured creditors, primarily banks and financial institutions, of Future Retail rejected the Rs 24,713 crore deal with Reliance Group, billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) on Saturday said that the scheme of arrangement cannot be implemented.
Lenders vote against Future Group's proposed deal with Reliance
Apr 23, 2022, at 04:21 pm
Future Group's plan to sell its retail and wholesale assets to Reliance Retail failed after the majority of the lenders of the flagship Future Retail Ltd (FRL) voted against such a takeover by Reliance, media reports said.
Mar 22, 2022, at 09:40 pm
New Delhi: A Supreme Court bench headed by Chief Justice N V Ramana Tuesday said that it would list for hearing the interim plea of e-commerce major Amazon seeking preservation of Future Retail Ltd's assets besides resumption of arbitration over the merger deal with Reliance Retail, media reports said.
Reliance Retail acquires 89 pc stake in lingerie brand Clovia
Mar 21, 2022, at 05:45 am
Reliance Retail Ventures Limited (RRVL) said on Sunday that it has acquired 89 percent equity stake in Purple Panda Fashions Private Limited, which owns and operates intimate wear brand Clovia.
Jio Platforms to invest $200 million in Google-backed consumer internet company Glance
Feb 17, 2022, at 05:34 am
Jio Platforms (JPL), the digital unit of Reliance Industries (RIL), has agreed to invest $200 million (about Rs 1,500 crore) for a roughly 17 percent stake in Glance, a Google-backed consumer internet company, which allows users to consume personalized content even with a locked smartphone screen.
Reliance Jio and SES JV to offer satellite-based broadband service
Feb 16, 2022, at 10:40 pm
Mumbai: Reliance Industries-owned Jio Platforms Ltd and SES have announced a joint venture – Jio Space Technology Limited – to deliver satellite-based broadband services. SES is a satellite-based content connectivity solutions provider.
RIL signs MoU with Gujarat for investing Rs 5.95 lakh crore
Jan 13, 2022, at 11:06 pm
New Delhi/UNI: Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) on Thursday said it has signed MoU with the Gujarat government for a total investment of Rs 5.95 lakh crore in the state as part of investment promotion activity for Vibrant Gujarat Summit 2022.
Amazon files fresh law suits in dispute with Future group: Report
Jan 10, 2022, at 03:36 am
New Delhi/IBNS: Amazon has approached the courts challenging the recent decisions in its protracted legal dispute with Kishore Biyani-led Future Group after the Competition Commission of India suspended a 2019 deal between the two sides, leading to a halt in their arbitration, Reuters reported on Sunday citing sources.
Mukesh Ambani-led Reliance to raise up to US$ 5 billion through overseas bonds
Jan 02, 2022, at 05:29 am
New Delhi/UNI: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Saturday said that the Finance Committee of the Board of Directors of the company has approved the plan to raise up to US$ 5 billion through an overseas bond issue.
Mukesh Ambani opens up about succession of Reliance Industries for the first time
Dec 30, 2021, at 12:41 am
Mumbai/IBNS: Reliance Industries Chairman, Mukesh Ambani has opened up about succession for the first time. The 64-year-old richest Indian said he wants to accelerate the process of leadership transition with the seniors including him making way for the new generation.
UAE's TA’ZIZ and Reliance ink JV for $2 billion chemicals projects in Ruwais
Dec 08, 2021, at 07:51 am
Mumbai/IBNS: Reliance Industries Limited (RIL) has inked an agreement with Abu Dhabi Chemicals Derivatives Company RSC Ltd (“TA’ZIZ”) to launch ‘TA’ZIZ EDC & PVC’, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in Ruwais.
Oct 21, 2021, at 05:20 am
Singapore: Future Retail cannot avoid being part of the arbitration process over a commercial dispute with Amazon.com Inc, a Singapore arbitration panel ruled on Wednesday, Reuters reported.
Reliance Retail acquires 52 pc stake in Ritu Kumar's designer labels
Oct 20, 2021, at 04:29 am
Mumbai/IBNS: Reliance Retail Ventures Limited (RRVL)- the retail business of Mukesh Ambani-owned Reliance Industries acquired a majority 52 percent stake in popular designer labels of Ritu Kumar, according to media reports.
Oct 13, 2021, at 06:46 pm
Mumbai/IBNS: Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited (RIL), and Denmark-based Stiesdal A/S (Stiesdal) have signed a cooperation agreement for technology development, and manufacturing of Stiesdal’s HydroGen Electrolyzers in India.
Reliance Retail to launch 7-Eleven Convenience stores in India
Oct 07, 2021, at 07:55 pm
Mumbai/UNI: Reliance Retail Ventures Limited (RRVL), through its wholly-owned subsidiary, 7-India Convenience Retail Limited, has entered into a master franchise agreement with 7-Eleven, Inc. (“SEI”) for the launch of 7-Eleven convenience stores in India, company officials said Thursday.
US pension fund to vote against Saudi Aramco chairman Al-Rumayyan's appointment to RIL board: Report
Sep 24, 2021, at 11:39 pm
The California State Teachers' Retirement Fund (CalSTRS) has decided to vote against the appointment of Saudi Aramco's chairman Yasir Al-Rumayyan as an independent director to the board of Mukesh Ambani's Reliance Industries, according to a media report.
Big relief for Future Group as SC stays seizure of assets
Sep 09, 2021, at 08:52 pm
New Delhi/IBNS: In a big relief to Future Group, the Supreme Court has halted the seizure of Future Coupons, Future Retail and Future Group owned by Kishore Biyani.
Reliance completes acquisition of Just Dial
Sep 03, 2021, at 03:18 pm
Mumbai: Reliance Retail Ventures Limited, has now taken sole control of Just Dial Limited in accordance with the SEBI Takeover Regulations with effect from September 1, 2021.
Will enforce single-judge order against FRL-RIL deal if no stay order by SC: HC
Aug 18, 2021, at 05:18 am
New Delhi/IBNS: The Delhi High Court Tuesday said it will implement the ruling issued by the single-judge bench restraining Future Retail Ltd (FRL) from selling its retail assets for Rs 24,713 crore with Reliance Retail to sell its business, which was opposed by US-based e-commerce giant Amazon, in case no stay is obtained from the Supreme Court within four weeks.