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 years. We target to establish 100 compressed biogas plants in the next three years, consuming 5.5 million tonnes of agricultural residue and organic waste," he added.

India West Bengal Crore Bengal Reliance Bio Energy  rs  retail  ambani  invested  additional  stores  crore  45000  reliance  today  telecom  20000  ril  planned  bengal  west  india

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 …

Reliance shares can create up to $100 billion wealth, Morgan Stanley predicts. Should you invest?
5 months, 3 weeks ago

Reliance shares can create up to $100 billion wealth, Morgan Stanley predicts. Should you invest?

Hindustan Times  

Morgan Stanley said that Reliance Industries Ltd can add up to $100 billion to it market capitalisation in its fourth monetisation cycle this century as new cash flow streams emerge and valuation multiples catch up. Investments made in new energy, retail expansion to take market share from the unorganised sector, and repurposing of existing energy businesses provide a long runway …

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 …

Bengal receives worth Rs 3.76 lakh crore investment proposals at business summit
1 year, 1 month ago

Bengal receives worth Rs 3.76 lakh crore investment proposals at business summit

India TV News  

West Bengal has received investment proposals worth over Rs 3.76 lakh crore during the business summit that concluded today, informed Chief Minister Mamata Banerjee. Reliance to invest additional Rs 20,000-crore investment in Bengal Yesterday, Reliance Industries Chairman and MD Mukesh Ambani announced an additional Rs 20,000-crore investment for West Bengal over the next three years. We plan to invest an …

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani
1 year, 1 month ago

'Reliance Industries will invest additional Rs 20,000 cr in West Bengal in three years', says Mukesh Ambani

India TV News  

Reliance Industries chairman and MD Mukesh Ambani has announced that an additional Rs 20,000 crore will be invested in West Bengal in the next three years. "We plan to invest an additional Rs 20,000 crore in Bengal in the next three years for enhancing digital life solutions, augmenting Reliance Retail footprint and on bio-energy," he said at the Bengal Global …

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 …

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 …

QIA to invest ₹ 8,278 crore in RIL’s retail arm for 0.99%
1 year, 4 months ago

QIA to invest ₹ 8,278 crore in RIL’s retail arm for 0.99%

Live Mint  

NEW DELHI, BENGALURU : Sovereign wealth fund Qatar Investment Authority has agreed to invest ₹8,278 crore into the retail arm of Reliance Industries Ltd, marking a fresh round of investments into Reliance Retail Ventures Ltd after the country’s largest retailer raised ₹47,265 crore in 2021. Between 2020-21, RIL raised ₹47,265 crore by selling a little more than 10% in RRVL …

RIL to invest ₹ 1.5 tn in green energy business
1 year, 4 months ago

RIL to invest ₹ 1.5 tn in green energy business

Live Mint  

Mumbai: Amid the increasing push for sustainable global practices among large industrial houses, billionaire Mukesh Ambani-led Reliance Industries Ltd said it is committed to double its investment target for green energy to ₹1.5 trillion, as part of the company’s initiatives to expand its renewable energy portfolio. The investment of ₹75,000 crore with a readiness to double investment will further the …

Stocks to buy: HAL, M&M, RIL among six stocks to buy for the short term
1 year, 7 months ago

Stocks to buy: HAL, M&M, RIL among six stocks to buy for the short term

Live Mint  

Frontline index Nifty opened 60 points higher at 18,124.80 on May 2 despite mixed global cues. Analysts say one can buy these stocks for the next 3-4 weeks: Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Hindustan Aeronautics | Target price: ₹ 3,100 | Stop loss: ₹ 2,820 HAL has been in consolidation for quite some time in the …

RIL shares dip ahead of Q4; key things to watch out for
1 year, 8 months ago

RIL shares dip ahead of Q4; key things to watch out for

Live Mint  

Shares of Mukesh Ambani-led Reliance Industries edged higher in Friday's trade at ₹2353.90 versus the previous day close of ₹2345, but could not sustain the gains and soon turned in the red. The stock has gained 3.16 per cent in the last one month, while on a year-to-date basis RIL shares fell 9.09 per cent. Ahead of Q4 results, RIL …

RIL shares: Why JPMorgan has ’overweight’ stance even as stock at 52-week low
1 year, 9 months ago

RIL shares: Why JPMorgan has ’overweight’ stance even as stock at 52-week low

Live Mint  

In CY23, global brokerage JPMorgan continues to see Reliance Industries Ltd as a relative outperformer in what could be a sluggish earnings environment overall, but see multiple potential catalysts over CY24-25 to help drive absolute outperformance. “We see continued strength in refining business, a likely rebound in Petrochem spreads from decadal low levels from China re-opening, and volume growth in …

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani
1 year, 10 months ago

Reliance to invest ₹75,000 crore in Uttar Pradesh in 4 years: Mukesh Ambani

The Hindu  

Reliance Industries Ltd will invest ₹75,000 crore in rolling out 5G mobile telephone services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on February 10. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Mr. Ambani said his group will set up 10 GigaWatts of …

RIL Buying US-Based Software Firm SenseHawk for Rs 255 Crore
2 years, 3 months ago

RIL Buying US-Based Software Firm SenseHawk for Rs 255 Crore

News 18  

Reliance Industries Ltd has signed definitive agreements to acquire a 79.4 per cent stake in California-based solar energy management software developer SenseHawk Inc for a total transaction value of $32 million, including funding for future growth, commercial rollout of products, and R&D, according to a statement. “SenseHawk, along with RIL’s other investments in New Energy, will be synergistic and create …

As RIL aims big, investors have eye on risk
2 years, 3 months ago

As RIL aims big, investors have eye on risk

Live Mint  

Shares of Reliance Industries Ltd fell by 0.8% on Monday, the day the company laid out ambitious growth plans at its 45th annual general meeting. However, it will require rapid investment in 5G infrastructure and given the limited use cases available, the ability to drive adoption will be a key test for RIL," said analysts at HSBC Global Research. RIL’s …

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 …

RIL AGM 2022: Reliance Plans to Accelerate Rs 75,000-Crore Investment in New Energy, Says Mukesh Ambani
2 years, 3 months ago

RIL AGM 2022: Reliance Plans to Accelerate Rs 75,000-Crore Investment in New Energy, Says Mukesh Ambani

News 18  

RIL AGM 2022: Reliance Industries Chairman Mukesh Ambani on Monday said the company will establish 20 gigawatts of solar energy generation capacity by 2025 and 100 GW by 2030. Addressing the company’s 45th annual general meeting, RIL Chairman Mukesh Ambani said, “Reliance’s captive energy requirement across businesses provides us with a large base-load demand to support our plans to set …

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 …

RIL Q3 Results: Profit Jumps 42% to Rs 18,549 cr, Revenue Rises to Rs 1,91,271 cr
2 years, 11 months ago

RIL Q3 Results: Profit Jumps 42% to Rs 18,549 cr, Revenue Rises to Rs 1,91,271 cr

News 18  

Billionaire Mukesh Ambani owned, oil to chemical, telecom and retail conglomerate, Reliance Industries, on January 21 reported a consolidated profit after tax of Rs 18,549 crore for the quarter ended December 2021, up 42 per cent from Rs 13,101 crore registered in the corresponding quarter of the last financial year. The company had reported a profit of Rs 13,680 crore …

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 AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco
3 years, 6 months ago

Reliance AGM 2021 LIVE Updates: Mukesh Ambani RIL 44th Annual General Meeting Announcements Jio Google 5G Phone JioBook Saudi Aramco

ABP News  

Reliance AGM 2021 HIGHLIGHTS: Billionaire Mukesh Ambani, Asia's most affluent, is addressing the shareholders at the 44th Annual General Meeting of Reliance Industries Limited, India's most valued firm by market capitalization, today virtually. Ambani, known for making big bang announcements during the AGM, is expected to cheer the shareholders with mega announcements in its core O2C business and the consumer-facing …

RIL shares gain 3% after PIF invests ₹9,555 cr in Reliance Retail Ventures
4 years, 1 month ago

RIL shares gain 3% after PIF invests ₹9,555 cr in Reliance Retail Ventures

Live Mint  

Shares of Reliance Industries Ltd on Friday gained over 3% after the company informed exchanges that Saudi Arabia wealth fund Public Investment Fund will invest ₹9,555 crore in its retail arm. The transaction values Reliance Retail Ventures Ltd at a pre-money equity value of ₹4.587 trillion. Last month, Mubadala Investment Co., the sovereign wealth fund of Abu Dhabi, invested ₹6,247.5 …

PIF invests ₹9,555 crore in RIL’s retail arm
4 years, 1 month ago

PIF invests ₹9,555 crore in RIL’s retail arm

Live Mint  

Saudi Arabia’s Public Investment Fund will invest ₹9,555 crore for a little over 2% in Reliance Industries Ltd’s retail unit, taking total investments into India’s largest retailer to about ₹47,265 crore. “I welcome PIF as a valued partner in Reliance Retail and look forward to their sustained support and guidance as we continue our ambitious journey to transform India’s retail …

RIL stocks cracks 9%, loses $11 billion in market capitalisation in single day
4 years, 1 month ago

RIL stocks cracks 9%, loses $11 billion in market capitalisation in single day

Live Mint  

MUMBAI: Investors of Reliance Industries Ltd on Monday lost over $11 billion in wealth as the stock slumped 9%, hitting a four-month. The sell-off was triggered by the company reporting a 15% decline in its net profit for the September quarter due to a sharp fall in its refining margin, and weakness in retail business as the pandemic hit sae …

RIL's Q2 Net Profit Falls 15% To Rs 9,567 Crore As Covid-19 Impacted Fuel Demand
4 years, 1 month ago

RIL's Q2 Net Profit Falls 15% To Rs 9,567 Crore As Covid-19 Impacted Fuel Demand

ABP News  

Shapoorji Pallonji Group Wants Stakes In All Tata Group Companies As Part Of The Settlement Billionaire Mukesh Ambani-led Reliance Industries Ltd reported a 15% fall in the September quarter net profits as the coronavirus crisis gutted the demand for transportation fuels. Domestic demand has sharply recovered across our O2C business and is now near pre-Covid level for most products.” The …

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 …

RIL shares jump over 4% after ADIA invests Rs 5,512.5 crore in Reliance Retail
4 years, 2 months ago

RIL shares jump over 4% after ADIA invests Rs 5,512.5 crore in Reliance Retail

India TV News  

Shares of Reliance Industries Ltd on Wednesday gained over 4 per cent after Reliance Retail Ventures Ltd raised Rs 5,512.50 crore from Abu Dhabi Investment Authority. Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority, taking the total fundraise to Rs 37,710 crore in less than four …

As ADIA Joins the Spree with Rs 5,512.5 Cr Investment, Here's How RIL Achieved Eight Deals in Four Weeks
4 years, 2 months ago

As ADIA Joins the Spree with Rs 5,512.5 Cr Investment, Here's How RIL Achieved Eight Deals in Four Weeks

News 18  

Abu Dhabi Investment Authority will invest Rs 5,512.5 crore in Mukesh Ambani-controlled Reliance Industries into its retail division, the latest in a string of such investments in recent weeks. “With this investment, RRVL has raised Rs 37,710 crore from leading global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than four weeks,” the statement …

ADIA to invest ₹5,512.50 crore in Reliance Retail for 1.2% stake
4 years, 2 months ago

ADIA to invest ₹5,512.50 crore in Reliance Retail for 1.2% stake

Live Mint  

Abu Dhabi Investment Authority will invest ₹ 5,512.50 crore in Reliance Retail Ventures Ltd for a 1.2% stake in the Reliance Industries subsidiary. “Reliance Retail’s vision is to galvanize the Indian retail sector through an inclusive strategy …Reliance Retail, through its new commerce strategy, has started a transformational digitalization of small and unorganised merchants and is committed to expanding the …

Reliance Retail Cracks Seven Deals in Less Than a Month, Raises More Than Rs 32,000 Cr
4 years, 2 months ago

Reliance Retail Cracks Seven Deals in Less Than a Month, Raises More Than Rs 32,000 Cr

News 18  

The retail arm of the Reliance Industries Limited’s has raised Rs 32,197.50 crore in exchange of 7.28 per cent consolidated stakes spread across seven mega deals in less than a month. The Reliance Retail Venture Ltd received investment from half a dozen global firms including Silver Lake, KKR, General Atlantic, Mubadala. On September 23, the RIL announced Rs 5,550 crore …

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 …

RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail
4 years, 3 months ago

RIL Top Gainer on Sensex, Share Price Rises 3% After Investment by KKR in Reliance Retail

News 18  

Reliance Industries share price gained 3 per cent in early trade on September 23 after the announcement that global investment firm KKR will invest Rs 5,550 crore in the company’s retail subsidiary Reliance Retail for a 1.28 per cent stake. This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in …

KKR to invest ₹5,500 crore in Reliance Retail Ventures for 1.28% stake
4 years, 3 months ago

KKR to invest ₹5,500 crore in Reliance Retail Ventures for 1.28% stake

The Hindu  

September 23, 2020 08:56 am | Updated 09:25 am IST - MUMBAI Investment firm KKR has decided to invest ₹5,550 crore in Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries Ltd, for a 1.28% stake, RIL said in a filing with stock exchanges. Reliance Retail Ltd, a subsidiary of RRVL, operates India’s largest, fastest growing retail business serving close …

Reliance Retail-KKR Deal: Here's What You Need to Know About Rs 5,550 Crore Investment in 5 Points
4 years, 3 months ago

Reliance Retail-KKR Deal: Here's What You Need to Know About Rs 5,550 Crore Investment in 5 Points

News 18  

American buyout firm KKR & Co has said that it will invest Rs 5,550 crore in Reliance Retail, giving the unit a pre-money valuation of Rs 4.21 lakh crore, the Indian conglomerate said on Wednesday. This is the second big investment in Reliance Retail in a span of two weeks, after private equity giant Silver Lake Partners said that it …

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 Industries Jump 8.5 percent, First Indian Firm to Reach Rs 14 lakh crore Mark
4 years, 3 months ago

Reliance Industries Jump 8.5 percent, First Indian Firm to Reach Rs 14 lakh crore Mark

News 18  

New Delhi: Continuing its rally, shares of Reliance Industries Ltd on Thursday zoomed 8.5 per cent and the company’s market valuation rose to Rs 14,66,589.53 crore in late afternoon trade becoming the first domestic firm to achieve the milestone. On Wednesday, it was announced that US private equity firm Silver Lake Partners would buy 1.75 per cent stake in RIL’s …

Reliance's Acquisition of Future Group to Strengthen Its Retail Footprint: Moody's
4 years, 3 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, 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 …

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

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