Reliance Retail Reports 42% Growth In Transactions, Crosses One Billion Mark In FY23
1 year, 4 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 company added to its FMCG and beauty business profile in the year and launched it’s own brand ‘Independence’ along with the digital commerce platform ‘Tira’ and relaunched the famous beverage brand ‘Campa’. The report highlighted that the expansion in the merchant partner network has contributed to the strong growth of the new commerce business and credited it’s digital brands including Ajio and Netmeds for the rapid growth in the retail segment.

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History of this topic

Isha Ambani Charts Out Expansion Plans For Reliance Retail's Food, Grocery Business
3 months, 3 weeks 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
3 months, 3 weeks 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 …

SBI topples Reliance Industries as most profitable company, logs in a record Rs 20,698 crore net in Q4
7 months, 2 weeks ago

SBI topples Reliance Industries as most profitable company, logs in a record Rs 20,698 crore net in Q4

New Indian Express  

MUMBAI: The nation’s largest lender State Bank of India has reported record quarterly and annual profit numbers with a 24 percent growth in the March quarter earnings at Rs 20,698 crore—the highest in the entire India Inc including that of the otherwise most-profitable Reliance Industries, while annual profit peaked at Rs 61,077 crore. At Rs 20,698 crore, SBI’s March quarter …

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore
10 months, 1 week ago

Mukesh Ambani-led Reliance Industries achieves market cap of ₹20 lakh crore

Hindustan Times  

Mukesh Ambani-led Reliance Industries Limited became the first Indian company to achieve a market capitalisation of ₹20 lakh crore. Mukesh Ambani, chairman of Reliance Industries Limited, The market valuation of the company surged to ₹20,01,279.72 crore during the intra-day session and at close, the market capitalisation stood at ₹19,81,635.72 crore. On the NSE, shares of Reliance Industries rose nearly 1.89 …

Reliance Industries posts 9 per cent surge in Q3 net profit to Rs 17,265 crore
11 months ago

Reliance Industries posts 9 per cent surge in Q3 net profit to Rs 17,265 crore

India TV News  

Reliance Industries Limited reported a 9 per cent rise in its third quarter net profit which stood at Rs 17,265 crore. Jio Platforms Limited witnessed an 11.4 per cent Y-o-Y increase in revenue, driven by robust subscriber growth in mobility and homes, along with improved average revenue per user. Reliance Retail Ventures Limited showed a strong performance, with a 22.8 …

Mukesh Ambani’s Reliance Retail in talks to raise $2.5 billion: Report
1 year, 3 months ago

Mukesh Ambani’s Reliance Retail in talks to raise $2.5 billion: Report

Live Mint  

Indian billionaire Mukesh Ambani's Reliance Retail Ventures is in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing, people familiar with the matter told Reuters. Three sources said the target fund raise of $2.5 billion is part of a combined $3.5 billion target the firm has set …

Ambani Scions Made Reliance Board Members
1 year, 3 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 …

RIL AGM 2023: Reliance added 2.6 lakh jobs in FY23, says Mukesh Ambani
1 year, 3 months ago

RIL AGM 2023: Reliance added 2.6 lakh jobs in FY23, says Mukesh Ambani

Live Mint  

RIL AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani, stated that Reliance had created 2.6 lakh new employment in the previous year. Reliance Industries has cumulatively invested more than $150 billion in the last 10 years, said Chairman Mukesh Ambani. Reliance Industries Chairman Mukesh Ambani congratulated all the scientists of ISRO on the success of the Chandrayaan 3 mission. The …

Over 41,000 Reliance Jio employees resigned in FY23, annual reports reveal
1 year, 4 months ago

Over 41,000 Reliance Jio employees resigned in FY23, annual reports reveal

India Today  

Reliance Industries Ltd experienced a significant increase in the number of employees choosing to leave the company voluntarily in its retail and telecom divisions during 2022-23. The details shared by Live Mint reveal that this rise in departures was partly due to operational redundancies and duplication of roles after RIL made several acquisitions in the retail segment. Despite the increase …

Reliance Industries' Q4 profit sees 18% year-on-year jump at ₹21,327 crore
1 year, 8 months ago

Reliance Industries' Q4 profit sees 18% year-on-year jump at ₹21,327 crore

Hindustan Times  

Reliance Industries has posted an 18.3 per cent jump in its profit after tax to ₹21,327 crore for the quarter ended March 31, 2023, against ₹18,021 crore in the year-ago period. The company said it achieved a record annual consolidated profit after tax at ₹74,088 crore in FY23 against ₹65,009 crore in FY22, which is up 14 per cent year-on-year. …

Mukesh Ambani completes 20 years at helm of Reliance
1 year, 11 months ago

Mukesh Ambani completes 20 years at helm of Reliance

The Hindu  

Mukesh Ambani, who took over the reins of Reliance Industries Ltd after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate. In 20 years that Stanford University-drop out Mr. Mukesh, 65, has been …

With Mukesh Ambani as chairman for 20 yrs, Reliance....
1 year, 11 months ago

With Mukesh Ambani as chairman for 20 yrs, Reliance....

Hindustan Times  

Reliance Industries Chairman and Managing Director Mukesh Ambani has completed two decades at the helm of Reliance Industries in 2022. Among the several achievements, RIL's market capitalisation grew at an annualised rate of 20.6 per cent in the last 20 years from ₹41,989 crore in March 2002 to ₹17,81,841 crore in March 2022. Reliance's total assets grew at an annualised …

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics
2 years, 3 months ago

Reliance AGM 2022 Highlights: Jio 5G In Mumbai, Delhi, Kolkata, Other Metros by Diwali; RIL to Set Up New Gigafactory in Power Electronics

News 18  

RIL AGM 2022 LIVE Updates: Jiomart on WhatsApp to Revolutionise Business, says Reliance The JioMart on WhatsApp experience will revolutionize the way millions of businesses across the country connect with their consumers while bringing unparalleled simplicity and convenience to people’s shopping experience, said Reliance in a press release RIL 45th AGM Live Updates: Mukesh Ambani Sets Big Target Mukesh Ambani: …

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani
2 years, 3 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, 3 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 …

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details
2 years, 4 months ago

Mukesh Ambani’s Reliance Industries will hold AGM on August 29: Check details

Live Mint  

The 44th Annual General Meeting of Reliance Industries will take place on August 29, 2022. Billionaire Mukesh Ambani's RIL announced a 46% increase in net profit for the June quarter in July, thanks to record oil refining earnings as well as booming telecom and retail operations. According to a statement from the company, the oil, retail, and telecom conglomerate's consolidated …

Reliance Retail Clocks 52% YoY Growth In Q1 Revenue At Rs 58,569 Crore
2 years, 5 months ago

Reliance Retail Clocks 52% YoY Growth In Q1 Revenue At Rs 58,569 Crore

News 18  

Reliance Retail, a subsidiary of Reliance Industries, on July 22, has clocked a massive 52 percent year-on-year growth in best-ever quarterly gross revenue at Rs 58,554 crore for the quarter ended June 2022, partly due to low base, backed by boost in consumer spending. The digital commerce platforms continued to grow from strength to strength with daily orders up 64 …

Reliance Retail’s 1st-qtr revenue is best ever, employee headcount nears 3.80L
2 years, 5 months ago

Reliance Retail’s 1st-qtr revenue is best ever, employee headcount nears 3.80L

Live Mint  

Retail Retail, the business housing the retail interests of billionaire Mukesh Ambani's Reliance Industries Ltd, added 17,000 employees during the April-June quarter. Reliance Retail has logged its best-ever quarterly revenues in a macro environment that remained challenging, the company said, adding, “Gross Revenue was at ₹58,554 crore for the quarter, registering a growth of 51.9% YoY.” The business posted an …

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 …

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani
3 years, 6 months ago

44th AGM of RIL: Reliance Industries' contribution to Indian economy remains unmatched, says Mukesh Ambani

Firstpost  

44th AGM of RIL: Reliance Industries raised $44.4 billion, the largest-ever capital raised by any company in a year globally, says Mukesh Ambani Reliance Industries Limited chairman Mukesh Ambani while addressing the 44th AGM of the company on Thursday said that even in a challenging environment, the company’s performance continued to be outstanding. As India’s largest enterprise, RIL’s contribution to …

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth
3 years, 6 months ago

After record fund raising, Mukesh Ambani says Reliance now has strong balance sheet to support growth

India TV News  

After record fund raising, Reliance Industries Ltd now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and Oil-to-Chemicals, according to the firm's Chairman and Managing Director Mukesh Ambani. In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- …

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 …

SEBI Imposes Rs 40 Crore Fine On Reliance Industries, Mukesh Ambani For Manipulative Trades In RPL
3 years, 11 months ago

SEBI Imposes Rs 40 Crore Fine On Reliance Industries, Mukesh Ambani For Manipulative Trades In RPL

Live Law  

The Securities Exchange Board of India on Friday imposed a fine of Rs 25 crore on Reliance Industries and Rs 15 crore on its chairman, Mukesh Ambani, for manipulating shares of Reliance Petroleum Ltd in November 2007.The issue relates to manipulation during the sale and purchase of Reliance Petroluem Limited shares in the cash and the futures segments in November …

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, 2 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, …

Abu Dhabi State Fund Mubadala to Invest Rs 6,247.5 Crore in Reliance Retail for 1.4% Stake
4 years, 2 months ago

Abu Dhabi State Fund Mubadala to Invest Rs 6,247.5 Crore in Reliance Retail for 1.4% Stake

News 18  

Abu Dhabi state fund Mubadala Investment Co will invest Rs 6,247.5 crore to secure 1.4 percent in the retail unit of Reliance Industries as investor interest in the Indian company surges. This latest investment — with Silver Lake’s co-investors and General Atlantic, the fifth in three weeks — values Reliance Retail at a pre-money equity value of Rs 4.285 lakh …

Reliance market cap hits ₹16-trillion mark
4 years, 3 months ago

Reliance market cap hits ₹16-trillion mark

Live Mint  

Reliance Industries Ltd briefly breached the ₹16 trillion market capitalization mark for the first time on Wednesday, as investors continued to buy the stock anticipating higher valuation in the wake of stake sales in its subsidiary Reliance Retail. On 9 September, California-based private equity fund Silver Lake picked up a 1.75% stake in Reliance Retail Ventures Ltd for ₹7,500 crore, …

Reliance may use stake sales to help fund growth plan
4 years, 3 months ago

Reliance may use stake sales to help fund growth plan

Live Mint  

Reliance Industries Ltd, which has raised more than ₹2.2 trillion through stake sales, is likely to go on a shopping spree as the coronavirus pandemic has clouded the prospects of cash-strapped businesses, making them takeover targets, said three people aware of the company’s plans. Kotak Institutional Equities, in a 9 September report, said that Reliance Industries is likely to make …

Reliance Almost Doubles Retail Footprint with Acquisition of Future Group
4 years, 3 months ago

Reliance Almost Doubles Retail Footprint with Acquisition of Future Group

News 18  

Reliance Industries Ltd's acquisition of debt-strapped Future Group will almost double the footprint of its retail business, which now is valued at up to USD 68 billion, analysts said. The deal increases the retail store footprint of Reliance Retail Ltd, a unit of RIL, from current 28.7 million square feet to 52.5 million sq ft, consolidating its pole position, analysts …

Reliance Industries buys Future Group business for Rs 24,713 crore
4 years, 3 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 …

Reliance is now among top 100 global companies
4 years, 4 months ago

Reliance is now among top 100 global companies

India TV News  

It appears that there is no stopping for Mukesh Ambani or for reliance. Now, Reliance Industries had jumped 10 places to break into world's top 100 companies on Fortune Global 500 list. Reliance had broken into the top 100 in 2012 ranking when it was ranked 99th but slipped in subsequent years to rank 215th in 2016. State-owned Indian Oil …

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 …

Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap
4 years, 6 months ago

Mukesh Ambani's Reliance Industries becomes first Indian firm to hit USD 150 bn m-cap

India TV News  

Reliance Industries on Monday became the first Indian firm to hit a market valuation of USD 150 billion helped by a continuous rally in its share price. Reliance Industries on Friday became the first Indian company to cross the Rs 11 lakh crore market valuation mark. Its market valuation crossed Rs 11 lakh crore in the previous session as its …

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