Reliance Retail Archives

Reliance Retail acquires majority stake in Clovia for Rs 950 Cr
Clovia, a bridge-to-premium D2C brand for women's innerwear and loungewear

Ayush BansalMarch 21, 2022

The retail arm of the oil-to-telecom conglomerate Reliance Industries (NS: RELI), Reliance Retail Ventures Ltd (RRVL) has acquired an 89% equity stake in the fu...

BusinessNews

Reliance terminates lease of 950 Big Bazaar, Central stores: Future Group

BalrajMarch 11, 2022

In the midst of the ongoing battle between the three retail conglomerates – Future, Amazon, and Reliance – Reliance Retail has issued notices to Future Group to...

BusinessIndia News

A Big Bazaar retail shop in Kolkata, India

Reliance takes control of Future Retail stores, including Big Bazaar amid Amazon dispute

BalrajFebruary 27, 2022

The Delhi High Court will hear pleadings in the prolonging dispute between Amazon and Future Group on February 28, 2022 (Monday). Reliance Industries is reporte...

BusinessIndia News

Reliance Jio picks up 17% stake in InMobi’s Glance for $200 million

BalrajFebruary 16, 2022

Reliance Industries' digital unit Jio Platforms has agreed to invest $200 million (~Rs 1,500 crore) in Google-backed AI-driven lock-screen platform Glance's Ser...

BusinessIndia NewsStartups

Future Group to sell 25% stake in insurance JV to Generali for Rs 1253 crore

BalrajJanuary 27, 2022

Future Group has announced that it will sell its 25 percent stake in Future Generali India Insurance Company Ltd. (FGIICL) to its JV partner Generali for a mone...

BusinessIndia News

Reliance Industries Q3 results: profit jumps 38%YoY; big profit on energy, retail boost

BalrajJanuary 23, 2022

Reliance Industries Ltd. (RIL) reported a consolidated net profit of Rs 20,539 crore for the quarter ending December 2021 (Q3FY22), owing to record revenue in c...

BusinessIndia News

Future Retail seeks Rs 3,500 crore from Amazon for debt repayment

BalrajJanuary 23, 2022

Future Retail's independent directors have agreed to accept Amazon's proposal of financial assistance. FRL's independent directors have requested a long-term lo...

BusinessIndia News

JustDial share jumps 15% after brokerage firm upgrades stock despite weak earnings

BalrajJanuary 20, 2022

Just Dial Ltd. shares jumped more than 14 percent on Thursday after brokerage firm Kotak Institutional Equities elevated the stock to a 'buy' rating from an 'ad...

BusinessIndia NewsMarkets

Reliance Retail picks up 54% stake in Addverb for $132 million

BalrajJanuary 19, 2022

Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, has acquired a 54 percent stake in robotics startup Addverb Technologies for $132 million (...

BusinessIndia NewsRobotics

Amazon moves NCLAT challenging CCI’s suspension of 2019 Future deal

BalrajJanuary 10, 2022

Amazon has filed a fresh legal challenge with the National Company Law Appellate Tribunal (NCLAT) regarding the Competition Commission of India's (CCI) suspensi...

BusinessIndia News