RIL’s ’new commerce’ to revolutionise 3 crore kirana stores: Mukesh Ambani
5 years, 4 months ago

RIL’s ’new commerce’ to revolutionise 3 crore kirana stores: Mukesh Ambani

Live Mint  

Reliance Industries is working towards empowering the 3 crore merchants and kirana shop owners with its end-to-end digital and physical distribution stack new commerce, its chairman Mukesh Ambani said today. Speaking to shareholders at RIL's 42nd Annual General Meeting, Mukesh Ambani said the company's retail arm will soon unveil Reliance 'new commerce'. "I believe that the small must not only survive, but also thrive in New India," Mukesh Ambani said. "Reliance Retail has brought a retail revolution in India," he said, adding that 'new commerce' is meant to revolutionise India's three crore kirana stores.

India Retail Commerce Reliance Mukesh Ambani Ril Kirana New Commerce  kirana  mukesh  small  ril  commerce  crore  stores  services  shop  retail  reliance  revolutionise  rils  ambani

History of this topic

Quick commerce is rocketing. So, are kiranas on the way out?
6 days, 17 hours ago

Quick commerce is rocketing. So, are kiranas on the way out?

Live Mint  

New Delhi: In little more than a couple of years, quick commerce has turned into the great hope of India’s startup landscape. As of 2023-24, according to data compiled by the National Sample Survey, there were around 22.8 million ‘unincorporated’ establishments conducting some sort of trade. Quick economics Ultimately, the ‘decline’ of kiranas may have come about from a combination …

FRAI Urges Govt To Provide Enhanced Tech Platforms To Kirana Stores To Help Them Compete With Quick Commerce
2 weeks ago

FRAI Urges Govt To Provide Enhanced Tech Platforms To Kirana Stores To Help Them Compete With Quick Commerce

ABP News  

The Federation of Retailer Association of India on Tuesday called on the authorities to provide advanced technology to Kirana stores. “Such support would enable the kirana stores to remain competitive amidst the increasing encroachment into their space by quick commerce companies like Swiggy Instamart, Blinkit or Zepto,” the FRAI said. Abhaj Raj Mishra, Honorary Spokesperson, FRAI, said, “With new technologies …

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business
4 months, 1 week ago

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business

News 18  

Reliance AGM 2024: Isha Ambani, the Director of Reliance Retail Ventures Limited, shared the latest updates and plans for the retail business. Talking about plans for Reliance Retail during the 47th AGM of Reliance Industries on August 29, Isha Ambani said that the business is establishing 7-Eleven stores as a leading 24×7 convenience destination, offering localised fresh food and beverages …

RIL AGM 2024: Reliance Retail Among Top-5 Global Retailers In Store Numbers, Mukesh Ambani Shares 6 Pillars
4 months, 1 week ago

RIL AGM 2024: Reliance Retail Among Top-5 Global Retailers In Store Numbers, Mukesh Ambani Shares 6 Pillars

News 18  

Reliance AGM 2024 Live: Reliance Industries chairman Mukesh Ambani on Thursday announced that Reliance Retail is among the top 5 global retailers in terms of number of stores. During the year, Reliance Retail undertook an equity fund raise of ₹17,814 crore, achieving a valuation milestone of USD 100 billion. Mukesh Ambani shared six pillars of retail business; “First, the retail …

Mukesh Ambani's JioMart to enter quick commerce space in June? What we know
7 months, 1 week ago

Mukesh Ambani's JioMart to enter quick commerce space in June? What we know

Hindustan Times  

Mukesh Ambani's Reliance Industries may enter the quick commerce space as early as next month, it was reported. Reliance Retail's JioMart could launch the service soon to take on Zomato's Blinkit, Tata Group's BigBasket, Swiggy's Instamart and Zepto, Times of India reported citing people in the know. JioMart will not adopt a dark store model for its quick commerce operations …

RIL invested ₹45,000 crore in West Bengal, additional Rs. 20,000 crore planned
1 year, 1 month ago

RIL invested ₹45,000 crore in West Bengal, additional Rs. 20,000 crore planned

Live Mint  

Reliance Industries has invested ₹45,000 crore in West Bengal and is further planning to invest additional Rs. 20,000 crore in the next three years, chairman Mukesh Ambani said at the 7th Edition of Bengal Global Business Summit in Kolkata. Ambani further said that Reliance Retail will also expand the number of retail stores from 1000 to 1200 within next two …

Ambani Scions Made Reliance Board Members
1 year, 4 months ago

Ambani Scions Made Reliance Board Members

Deccan Chronicle  

The Reliance Industries Limited held its 46th Annual General Meeting for its shareholders on Monday. Changes in Reliance Board Nita Ambani stepped down from the Board of Directors of Reliance Industries Limited, making way for children Isha, Akash and Anant to become the non-executive directors on the RIL Board. Key Takeaways Jio Financial Services was mini bonus for long-term RIL …

Reliance AGM 2023: ‘We are now a new-age tech company’ says RIL chairman
1 year, 4 months ago

Reliance AGM 2023: ‘We are now a new-age tech company’ says RIL chairman

Live Mint  

Reliance AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani on Monday addressed the 46th Annual General Meeting and affirmed that RIL has now become a ‘New Reliance’ which is a new-age technology company with distinctive capabilities. These achievements are a testament to our faith in India to the unlimited India opportunity and to the boundless Indian talent,” RIL Chairman Mukesh …

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report
1 year, 4 months ago

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report

Live Mint  

Ahead of the proposed IPO of Reliance Retail Ventures Ltd, Mukesh Ambani's RIIL is planning to sell an additional 8-10% stake in RRVL, reported Economic Times citing inputs from industry experts. On Thursday, Qatar Investment Authority announced an investment of ₹8,278 crores into Ambani's Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited. Isha Mukesh Ambani, director, Reliance Retail …

Reliance Retail Reports 42% Growth In Transactions, Crosses One Billion Mark In FY23
1 year, 5 months ago

Reliance Retail Reports 42% Growth In Transactions, Crosses One Billion Mark In FY23

ABP News  

Mukesh Ambani’s Reliance Retail has crossed the benchmark of one billion transactions in the fiscal year 2023, Reliance Industries noted in its annual report released on Sunday. Further, RIL also noted in the annual report that moving forward, the next step for the retail company is to expand it’s reach into Tier 2 and 3 markets through more stores. The …

Reliance launches new brand on Adani’s turf
2 years ago

Reliance launches new brand on Adani’s turf

Live Mint  

Reliance Consumer Products launched its packaged goods brand in Gujarat, entering the home turf of rival Adani Wilmar. Reliance Consumer Products Ltd, the fast-moving consumer goods arm of Reliance Retail Ventures Ltd, on Thursday launched its packaged goods brand Independence in Gujarat, entering the home turf of rival Adani Wilmar Ltd. {{^adFree}} {{/adFree}} Independence will sell a wide range of …

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani
2 years, 4 months ago

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani

News 18  

At the 45th Annual General Meeting of Reliance Industries Limited, Chairman and Managing Director Mukesh Ambani introduced Isha Ambani as the leader of Reliance Retail business. Isha Ambani took the centre-stage to talk about the growth of Reliance Retail in India and said that Reliance Retail has served over 200 million registered customers. Isha Ambani claimed that Reliance’s grocery business …

RIL AGM 2022: Reliance To Launch FMCG Business This Year, Says Isha Ambani
2 years, 4 months ago

RIL AGM 2022: Reliance To Launch FMCG Business This Year, Says Isha Ambani

News 18  

Isha Ambani, director of Reliance Retail Ventures Ltd, on Monday said the company is going to launch its first fast-moving consumer goods business and its objective is to develop products to solve every Indian’s daily needs. The objective of this business is to develop and deliver high-quality, affordable products which solve every Indian’s daily needs,” Isha Ambani, the daughter of …

Reliance Retail boosts its 'Handmade in India' programme, to launch dedicated artisan-only stores
2 years, 8 months ago

Reliance Retail boosts its 'Handmade in India' programme, to launch dedicated artisan-only stores

Firstpost  

The first Swadesh store is expected to open in the second half of the current year and will house a wide range of products including handmade textiles, handicrafts, agriculture products and other artisanal merchandise sourced directly from artisans Mumbai: In a major boost to its “Handmade in India” programme, Reliance Retail on Thursday announced that it is embarking on several …

RIL invests ₹7,600 cr on acquisitions in first 3 qtrs to strengthen retail arms
2 years, 11 months ago

RIL invests ₹7,600 cr on acquisitions in first 3 qtrs to strengthen retail arms

Live Mint  

Reliance Industries Ltd has spent more than ₹7,600 crore over the past nine months of this fiscal towards investing in and acquiring assets to strengthen its retail business, according to Gaurav Jain, head, strategy and business development, Reliance Retail. “We have spent close to ₹7,600 crore in the first nine months in investing and acquiring assets and investing in capabilities …

India’s Reliance: Mukesh Ambani is bringing 7-Eleven to the country
3 years, 3 months ago

India’s Reliance: Mukesh Ambani is bringing 7-Eleven to the country

CNN  

Hong Kong CNN Business — India’s richest man is bringing 7-Eleven to the country, adding the convenience store chain to a sprawling business empire that spans energy, chemicals, retail and telecommunications. Reliance Retail, the commerce arm of Mukesh Ambani’s conglomerate, announced Thursday that it will open India’s first 7-Eleven stores, just days after the quick-service chain lost its local partner. …

Digitising Indian retail: Looking at challenges and exploring growth models
3 years, 5 months ago

Digitising Indian retail: Looking at challenges and exploring growth models

Hindustan Times  

According to the United Nations Conference on Trade and Development’s B2C E-commerce Index 2019, India ranks 73 out of 152 countries on its readiness to support online shopping.1 India leads among South Asian countries, while Asian states like Iran, China, Kazakhstan, Azerbaijan, Vietnam and Tunisia fare better than it on the index. Nevertheless, India’s domestic e-commerce market is expected to …

Reliance Retail Sold 18 cr Units in COVID-19 Year, Enough to Dress UK, Germany, Spain Once
3 years, 6 months ago

Reliance Retail Sold 18 cr Units in COVID-19 Year, Enough to Dress UK, Germany, Spain Once

News 18  

Reliance Industries Limited chairman Mukesh Ambani during the 44th Annual General Meeting highlighted key achievements of the conglomerate’s retail businesses, including providing jobs, clocking profits during the pandemic, among other things. RIL’s apparel business sold nearly five lakh units per day and over 18 crore units during the year. RIL further consolidated its position in consumer electronics and sold 4.5 …

RIL AGM 2021: Reliance Retail to create 10 lakh jobs, on a hyper growth trajectory, says Mukesh Ambani
3 years, 6 months ago

RIL AGM 2021: Reliance Retail to create 10 lakh jobs, on a hyper growth trajectory, says Mukesh Ambani

Firstpost  

As India’s largest grocery retailer, Reliance Retail sold over a billion units of groceries or about 30 lakh units per day, Ambani said Chairman of Reliance Industries Limited, Mukesh Ambani during the 44th Annual General Meeting said the company’s retail business is on a hyper-growth trajectory and will provide 10 lakh jobs in the near future. “RIL’s apparel business sold …

Reliance Retail 2nd fastest growing retailer in world
3 years, 7 months ago

Reliance Retail 2nd fastest growing retailer in world

The Hindu  

Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years. "The company is partnering with WhatsApp to further accelerate Reliance Retail's digital commerce business on the JioMart platform using WhatsApp and to support small businesses …

Jeff Bezos vs Mukesh Ambani: A fight for retail dominance in India
4 years, 2 months ago

Jeff Bezos vs Mukesh Ambani: A fight for retail dominance in India

India Today  

The recent legal dispute over the Future deal seems to be setting the stage for a major fight between two of the richest men in the world for retail dominance in India. Earlier this year, Mukesh Ambani-owned Reliance Industries Limited announced that it had signed a deal with Kishore Biyani’s Future Group to acquire assets in its retail business for …

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale
4 years, 2 months ago

RIL's retail arm receives Rs 5,550 cr from KKR for 1.28% stake sale

India TV News  

Reliance Industries Ltd has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 per cent stake in its retail arm, the Mukesh Ambani-led company said today. In a regulatory filing, Reliance Industries said: "Reliance Retail Ventures Limited, a subsidiary of the company, today received the subscription amount of Rs 5,550 crore from Alyssum Asia Holdings …

Reliance Raises Rs 7,350 Crore from New Investments by Global Firms GIC, TPG in Retail Arm
4 years, 3 months ago

Reliance Raises Rs 7,350 Crore from New Investments by Global Firms GIC, TPG in Retail Arm

News 18  

New Delhi: Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors — Singapore's sovereign wealth fund GIC and Global alternative asset firm TPG — by selling a stake in group's retail arm. Through two separate deals, Reliance Industries will sell 1.63 per cent stake in Reliance Retail Ventures Limited. Earlier, On Thursday, …

The reality behind Reliance’s retail rush
4 years, 3 months ago

The reality behind Reliance’s retail rush

Live Mint  

Last month, Nimit Jain, an entrepreneur, ordered biscuits, shampoo, toothpaste and other items for his family in Kota. But Mint learns that Reliance is sourcing a majority of orders on JioMart in many cities through Reliance Retail’s supply chain; only a small number of orders are served through kirana stores. People familiar with Reliance’s plans said that the company wants …

KKR picks up 1.28% stake in Reliance Retail for ₹5,550 cr
4 years, 3 months ago

KKR picks up 1.28% stake in Reliance Retail for ₹5,550 cr

Live Mint  

Mukesh Ambani’s fundraising spree shows no signs of slowing. On Wednesday, Reliance Industries Ltd said it has raised ₹5,550 crore by selling a 1.28% stake in its retail business to US private equity firm KKR and Co., as India’s most valuable company creates a war chest for its push into e-commerce. Sarvesh Kumar Sharma/Mint “We look forward to working with …

BofA Securities bets on RIL adding third ’layer of commerce’ in next 4 years
4 years, 4 months ago

BofA Securities bets on RIL adding third ’layer of commerce’ in next 4 years

Live Mint  

New Delhi: After building a 'digital layer' on top of the existing 'physical layer' of retail shops, Reliance Industries would over the next four years focus on adding a third 'layer of commerce' and monetize the existing investments, BofA Securities said. "In the last 4 years, with Jio, RIL has been able to build a 'digital layer' on top of …

Reliance's Acquisition of Future Group to Strengthen Its Retail Footprint: Moody's
4 years, 4 months ago

Reliance's Acquisition of Future Group to Strengthen Its Retail Footprint: Moody's

News 18  

Reliance Industries Ltd's acquisition of Future Group's consumer business will strengthen the retail footprint of India's largest organised retailer, Moody's Investors Service said on Wednesday. Moody's said despite a price tag of around USD 3.3 billion, the cost of the acquisition remains small relative toRIL's total assets of around USD 155 billion and consolidated EBITDA of USD 12.8 billion for …

Reliance Industries buys Future Group business for Rs 24,713 crore
4 years, 4 months ago

Reliance Industries buys Future Group business for Rs 24,713 crore

India TV News  

Industrialist Mukesh Ambani's Reliance Industries Ltd on Saturday announced the acquisition of Future Group businesses for Rs 24,713 crore to add to its fast-expanding retail business and bolster e-commerce to take on the competition from Amazon.com. In a statement, the company said, "Reliance Retail Ventures Ltd, subsidiary of Reliance Industries Ltd will acquire the retail and wholesale business and the …

Mukesh Ambani's Reliance goes on shopping spree to take on e-commerce giants in India
4 years, 4 months ago

Mukesh Ambani's Reliance goes on shopping spree to take on e-commerce giants in India

India Today  

Reliance Industries Limited has gone on a shopping spree after the company successfully managed to become debt free earlier this year. Now, the sixth-richest man in the world is looking expand RIL’s product offerings by acquiring several local online retailers as it looks to take on other online retailers and e-commerce giants. Sources quoted in a Bloomberg news report indicate …

Mukesh Ambani's RIL closing in on deal to buy Future Group's retail business
4 years, 5 months ago

Mukesh Ambani's RIL closing in on deal to buy Future Group's retail business

India Today  

Mukesh Ambani’s Reliance Industries Limited is closing in on a deal to buy Kishore Biyani-owned Future Group’s retail business. According to a report published in livemint.com, RIL is likely to buy Future Group’s retail assets for a sum ranging from Rs 24,000-27,000 crore. It may be noted that as part of the deal, fashion and grocery retail formats of Future …

RIL builds indigenous 5G tech, says ready to take on world
4 years, 5 months ago

RIL builds indigenous 5G tech, says ready to take on world

Live Mint  

Reliance Industries Ltd chairman Mukesh Ambani announced the development of a made-in-India 5G technology solution that he envisions will be the cornerstone of the company’s strategy to create a connected digital ecosystem, spanning telecom, e-commerce, retail and enterprise solutions in India and outside. “Once Jio’s 5G solution is proven at India-scale, Jio Platforms would be well-positioned to be an exporter …

RIL AGM 2020: Reliance Retail at forefront of bringing about Organised Retail Revolution in India, says Mukesh Ambani
4 years, 5 months ago

RIL AGM 2020: Reliance Retail at forefront of bringing about Organised Retail Revolution in India, says Mukesh Ambani

Firstpost  

The company is also partnering with farmers, small and medium-scale manufacturers, merchants, vendors, start-ups and global companies. Addressing the company’s 43rd Annual General Meeting on Wednesday, Reliance Industries Chairman and Managing Director Mukesh Ambani said Reliance Retail is India’s largest, most profitable retail business and is the fastest-growing retailer in the world. “Reliance Retail is the only Indian retailer to …

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani
4 years, 5 months ago

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani

Firstpost  

More than two-thirds of Reliance Retail’s nearly 12,000 stores are operated in Tier II, Tier III and Tier IV towns. Mumbai: Reliance Industries Limited chairman Mukesh Ambani on Wednesday said his group’s retail venture has received strong interest from strategic and financial investors. “We will induct global partners and investors in Reliance Retail in the next few quarters,” he said …

RIL’s JioMart to convert kirana stores into self-service stores
4 years, 5 months ago

RIL’s JioMart to convert kirana stores into self-service stores

Live Mint  

Reliance Industries in its 43rd Annual General Meeting has announced that itse-commerce portal JioMart will offer kirana stores for greater demand generation from taking the store online and leveraging the existing Jio customer base. The partnership with JioMart can potentially help kirana stores grow business and earnings," Isha Ambani said at the AGM. Isha Ambani further added, "A unique solution …

‘We help transform kirana shops into convenience stores’
5 years, 2 months ago

‘We help transform kirana shops into convenience stores’

Live Mint  

—Karthik Venkateswaran, co-founder and CEO, Jumbotail We serve thousands of kirana stores and make it convenient for them to procure a wide selection of staples and fast moving consumer goods, reliably delivered to storefronts using our in-house supply chain and logistics. Entrepreneurs who planned to set up new kirana stores wanted us to bootstrap their entire product selection from the …

Mukesh Ambani targets more retail acquisitions abroad
5 years, 4 months ago

Mukesh Ambani targets more retail acquisitions abroad

Live Mint  

Mumbai: Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters. Under Asia's richest man, Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company, selling everything from handbags to broadband to …

From task force on J&K, Ladakh to Jio Fiber: Highlights from Mukesh Ambani's RIL AGM address
5 years, 4 months ago

From task force on J&K, Ladakh to Jio Fiber: Highlights from Mukesh Ambani's RIL AGM address

India TV News  

Reliance Industries Chairman and MD, Mukesh Ambani on Monday announced that Saudi Aramco will invest for a 20 per cent stake in RIL's O2C division. RIL will create a special task force for developmental activities in J&K and Ladakh, Mukesh Ambani said at the RIL AGM. - Reliance Jio to provide a bundle of connectivity and essential business productivity and …

Reliance Retail eyes consumer-focused retail businesses, plans to focus on last-mile delivery
5 years, 7 months ago

Reliance Retail eyes consumer-focused retail businesses, plans to focus on last-mile delivery

Firstpost  

While most retailers are trying to bank on an omnichannel strategy, Reliance Retail is working on a unique Offline to Online model Reliance Retail is eying the huge potential in consumer-focused retail businesses in India. In this backdrop, the entry of deep-pocketed Reliance Retail may well stiffen competition and compress margins across the board. While most retailers are trying to …

Reliance to digitise 5 million kirana stores by 2023
5 years, 7 months ago

Reliance to digitise 5 million kirana stores by 2023

India TV News  

Mukesh Ambani-led Reliance Industries' entry into online retailing will help expand the current 15,000 digitised retail stores to over 5 million by 2023, a study of Bank of America Merrill Lynch said. As much as 90 per cent of India's USD 700 billion retail market is unorganised, made up mostly of neighbourhood kirana stores selling groceries and other sundries. Overall, …

Reliance Industries plans major expansion of fashion store business
5 years, 10 months ago

Reliance Industries plans major expansion of fashion store business

Firstpost  

Reliance Industries Ltd plans to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, two people briefed on the plans said Mumbai: Reliance Industries Ltd plans to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 …

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