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Nov 11, 2021 09:15 PM IST The dispute over the merger deal has seen several rounds of litigations after SIAC passed the EA in favour of the US firm on October 25, 2020 staying the merger.
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Oct 25, 2021 01:11 PM IST Many of Reliance’s businesses are seen to be on a strong footing. Investors seem to be capturing a good portion of this optimism into the share price, which has increased by 32 percent year-to-date.
- Oct 22, 2021 10:07 PM IST
The retail arm of Reliance Industries posted an 11 percent year-on-year jump in its revenues to Rs 45,426 crore for the second quarter-ended September, while net profit jumped by 74 percent to Rs 1,695 crore as compared to the same period last year.
- Oct 22, 2021 08:45 PM IST
EBITDA jumped 50 percent to Rs 2,913 crore from Rs 1,941 crore in the previous quarter. On a YOY basis, it increased by 45 percent from Rs 2,006 crore.
- Oct 22, 2021 12:48 PM IST
Amazon has been locked in a tussle with Future and accuses it of breaking contracts when it sold its retail assets to Indian market leader Reliance last year. Future denies any wrongdoing
- Oct 20, 2021 07:16 PM IST
Reliance Retail on Tuesday announced it has bought a majority stake in designer label Ritu Kumar. This is the second investment by the company in a couture brand in just a week’s time.
- Oct 19, 2021 06:17 PM IST
This is second investment by Reliance Industries in a designer brand in a week’s span. Earlier on Friday, Reliance Brands had signed a definitive agreement to invest in founder and creative director Manish Malhotra’s eponymous brand for a 40 percent minority stake.
- Oct 18, 2021 05:05 PM IST
Granting Reliance Retail Ventures Limited (RRVL) the permission, the NCLT set aside objections raised by Amazon terming them as “premature”.
- Oct 18, 2021 09:59 AM IST
D-Mart posted strong results for Q2FY22. With a steep reduction in COVID-19 cases, store operations have normalised, and the company is on track to resume strong earnings growth trajectory
- Oct 14, 2021 09:45 PM IST
The range of food items offered at Freshpik include staples; freshly picked fruits and vegetables – with specially curated exotic and organic varieties and live microgreens; essential ingredients for international cuisines such as Italian, Thai, Japanese, Korean.
- Oct 07, 2021 02:13 PM IST
Reliance Retail is all set to launch the first 7-Eleven store in Andheri East in Mumbai on October 9. The company plans to introduce several more stores under the brand in the Greater Mumbai cluster in near future.
- Oct 01, 2021 07:07 PM IST
The company had earlier extended the deadline for the Rs 24,713 crore deal by six months in April.
- Sep 28, 2021 07:25 PM IST
In the order issued on September 28, the NCLT asked the Future Group to propose a suitable date to hold the extraordinary general meeting (EGM) of the shareholders and creditors to seek their approval for the sale of its assets to Reliance Retail for a consideration of Rs 24,713 crore.
- Sep 27, 2021 11:33 AM IST
Reliance Retail plans to launch an online marketplace as well as a chain of offline stores to sell personal care and cosmetics products, according to report in a business daily. The venture has the potential to disrupt the personal care and cosmetics products market, experts say.
- Sep 16, 2021 06:02 PM IST
Reliance Retail last week announced the launch of its ethnic wear brand Avantra. Aditya Birla Fashion and Retail Retail, which has mainly catered to the Western wear market in the past, acquired stakes in eponymous ethnic labels like Tarun Tahiliani and Sabyasachi earlier this year. Titan Company, too, is engaged in a renewed push of its ethnic range under Taneira. Why has the Rs. 1.5 lakh crore ethnic wear market attracted these retail giants now?
- Sep 09, 2021 09:13 PM IST
Avantra by Trends is being positioned as the first pan-India brand that will build presence in Metros, Tier 1, Tier 2 & Tier 3 markets with a plan to launch around 30 stores by the end of the current financial year across southern states before expanding into other states.
- Sep 02, 2021 07:35 PM IST
Reliance Retail Ventures Ltd now holds 40.98% in Just Dial Ltd.
- Aug 28, 2021 05:21 PM IST
The Supreme Court this month dealt a blow to Future when it said an interim decision by a Singapore arbitrator in October 2020 that put its deal with Reliance Industries on hold - following Amazon's complaint - was valid in India.
- Aug 12, 2021 06:24 PM IST
Future Coupons on August 12 moved the Supreme Court, challenging the Delhi High Court order that directed attachment of assets
- Aug 06, 2021 03:53 PM IST
The company plans to file a special leave petition in the Supreme Court and seek relief from the Delhi High Court to proceed with the transaction
- Aug 06, 2021 03:36 PM IST
Amazon which holds a 49% stake in Future Group promoter Future Coupons objected to the Rs 24,713 crore deal between Future Retail and Reliance by moving the Singapore International Arbitration Centre in October 2020. The tussle continued across the Delhi HC and SC.
- Aug 02, 2021 09:49 AM IST
Subway has been looking to streamline its India business by collaborating with local partners to do away with the current regional master franchisees and individual networks.
- Jul 25, 2021 01:28 PM IST
The retail major has taken several initiatives over the past year to push sales from e-commerce, right from introducing JioMart to the recent move of acquiring JustDial.
- Jul 23, 2021 07:58 PM IST
Reliance Retail experienced significant disruptions in store and logistical operations during the quarter on account of the pandemic, however, digital commerce came to its rescue.
- Jul 16, 2021 09:03 PM IST
With the Reliance Just Dial deal being announced, here's a lookback at how VSS Mani launched Just Dial in 1996 with a seed capital of Rs 50,000. With just six employees and a few rented computers in a pokey garage, the 29-year-old entrepreneur was determined to revolutionise information search media.
