Articles for Retail Business

RIL preparing for Jio IPO next year, retail business to go public much later
1 month, 2 weeks ago

RIL preparing for Jio IPO next year, retail business to go public much later

Live Mint  

Reliance Jio IPO: Reliance Industries Ltd aims to list its subsidiary Jio Platforms Ltd, which houses the country’s largest telecom company, in 2025, two people familiar with the development said. Reliance Jio Infocomm Ltd, a fully owned subsidiary of Jio Platforms, houses the group’s telecom services business, offering voice and data services to more than 479 million consumers in the …

India Retail Jio Sector Platforms Ipo Reliance
Indian brands are bridging the Gulf, lured by wealthy expats and local residents
3 months, 1 week ago

Indian brands are bridging the Gulf, lured by wealthy expats and local residents

Live Mint  

New Delhi: Indian consumer companies are opening stores in Gulf countries like never before, lured by the large and affluent Indian diaspora a stone’s throw away. “Dubai is more like another city in India than an international market," said Matt Chitharanjan, co-founder and chief executive of Blue Tokai. Earlier this year, Indian cosmetics and fashion retailer Nykaa partnered with Dubai-based …

Delhi Market Local Indian Gulf Indians Dubai
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 …

Business Retail Crore Billion Last Year Store Ambani
Colour and bling: Aditya Birla Group eyes $25 bn rev from consumer ops in 5 years as it enters crowded jewelley market
4 months, 4 weeks ago

Colour and bling: Aditya Birla Group eyes $25 bn rev from consumer ops in 5 years as it enters crowded jewelley market

Live Mint  

New Delhi: Aditya Birla Group expects its consumer business to surge to $25 billion over the next five years as it bets on its new segments such as paints and jewellery. “This year, we have redoubled our bet on the dynamism of the Indian consumer, by launching two major new consumer brands—in paints and jewellery,” Kumar Mangalam Birla, chairman, Aditya …

Business India Retail Consumer Revenue Group Birla
Reliance AGM 2023: From financial performance to AI revolution, read full speech
1 year, 3 months ago

Reliance AGM 2023: From financial performance to AI revolution, read full speech

Live Mint  

Reliance AGM 2023: Reliance Industries Limited Chairman Mukesh Ambani on Monday addressed the 46th Annual General Meeting of the company. The inaugural Jio True5G Lab will be located at the Reliance Corporate Park, acting as the nerve centre for shaping India’s 5G future. That’s why I am so proud of our forthcoming joint venture in India with Jio Financial Services, …

Business Health India Energy Climate Change Retail Mumbai
Ambani's ‘target setup’ for his 3 children in succession plan
1 year, 11 months ago

Ambani's ‘target setup’ for his 3 children in succession plan

Hindustan Times  

Billionaire Mukesh Ambani has set targets for his three kids whom he has identified for takeover of telecom, retail and new energy business. Mukesh Ambani, chairman, Reliance Industries Speaking at his father Dhirubhai's anniversary, celebrated as Reliance Family Day, he said the oil-to-telecom-to-retail conglomerate Reliance industries Ltd has embarked on a journey of comprehensive self-transformation. "Under Akash's chairmanship, Jio is …

India Jio New Energy Reliance Ambani Mukesh Ambani Retail Business
ABFRL: Acquiring big and influential brands; Is it enough for your long-term investing?
2 years, 2 months ago

ABFRL: Acquiring big and influential brands; Is it enough for your long-term investing?

Live Mint  

ABFRL is part of a leading Indian conglomerate, the Aditya Birla Group. Youth western wear American Eagle Revenue grew ~3 times the pre-COVID levels ‒ Continued to expand the distribution network with 5 new stores during the quarter Forever 21 Improving margin profile with leverage of local sourcing. Super premium brands Ethnic collection Jaypore Revenue grew to 3.5 times of …

Business India Lifestyle Growth Retail Ethnic Wear Network
RIL’s small Campa Cola deal poses big worry for giants
2 years, 3 months ago

RIL’s small Campa Cola deal poses big worry for giants

Live Mint  

Reliance Industries’ acquisition of carbonated beverages maker Pure Drinks and the associated Campa brands is less than miniscule by RIL’s standards. And in 1977, when Coca Cola decided to exit India rather than become an “Indian” company, Charnjit Singh, the Pure Drinks patriarch, was quick to launch a ‘desi’ cola to fill the gap–Campa Cola. In fact, Campa Cola dominated …

India Indian Reliance Coke Campa Coca Cola Cola
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 …

Business India Retail Isha Ambani Customers Our Customers Reliance
Reliance Q4 net up 22.5%, becomes first Indian company to cross $100 bn annual revenue
2 years, 7 months ago

Reliance Q4 net up 22.5%, becomes first Indian company to cross $100 bn annual revenue

India Today  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. Consolidated revenue of the nation's biggest company by market value rose 35 per cent year-on-year to …

India Revenue Jio Profit Cent Net Cross
Is quick commerce a sustainable business?
2 years, 8 months ago

Is quick commerce a sustainable business?

Live Mint  

BENGALURU : This is absurd! However, one can argue that since quick commerce companies carry a much lower assortment, anywhere between 1,500-2,500 stock keeping units, versus 10 times or more that number for the regular ecommerce companies, their warehouses would be more compact, and could be operated more efficiently. The last mile The last mile delivery cost for quick commerce …

Business Retail Delivery Commerce Quick Commerce Cost Need
Axis Bank to Take Over Citi India's Retail Business for $2 Billion; Announcement Today
2 years, 8 months ago

Axis Bank to Take Over Citi India's Retail Business for $2 Billion; Announcement Today

News 18  

Axis Bank is all set to acquire Citi India’s retail assets for $2 billion, according to sources. The retail business of Citi India includes credit cards, wealth management and retail customer accounts. This deal, where Axis Bank is set to acquire Citi’s consumer business in India, will have milestone-linked payments. Axis Bank was given the nod to acquire Citigroup’s retail …

Business India Retail Banking Citigroup Axis Retail Business
EXPLAINER: What’s ahead for recreational pot in New Mexico
2 years, 8 months ago

EXPLAINER: What’s ahead for recreational pot in New Mexico

Associated Press  

SANTA FE, N.M. — Marijuana aficionados and entrepreneurs across New Mexico are bracing for the April 1 start of state-regulated retail marijuana. The start date for sales ushers in a new era for cannabis as big business with implications for law enforcement, scarce water resources, economic opportunity and cannabis tourism along the state line with Texas. The changes take effect …

Business Cannabis Texas Consumption New Mexico Mexico State
Reliance posts best quarterly performance, net profit at Rs 18,549 crore in Q3
2 years, 11 months ago

Reliance posts best quarterly performance, net profit at Rs 18,549 crore in Q3

India Today  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported its best-ever quarterly performance in October-December 2021, helped by an uptick in two 'Rs' -- refining and retail, a recent tariff hike accelerating growth at Jio and a one-off gain from the sale of US shale gas business. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose 35.6 per cent sequentially and 41.5 …

Business Growth Retail Oil Gas Jio Profit
Reliance posts best quarterly performance, net profit at Rs 18,549 cr in Q3
2 years, 11 months ago

Reliance posts best quarterly performance, net profit at Rs 18,549 cr in Q3

India TV News  

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported its best-ever quarterly performance in October-December 2021, helped by an uptick in two 'Rs' -- refining and retail, a recent tariff hike accelerating growth at Jio and a one-off gain from the sale of US shale gas business. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose 35.6 per cent sequentially and 41.5 …

Business Growth Retail Oil Gas Jio Profit
850 new swanky liquor shops open in Delhi today. Know costs, timings and facilities
3 years, 1 month ago

850 new swanky liquor shops open in Delhi today. Know costs, timings and facilities

Live Mint  

New Delhi: The Delhi government has bid adieu to the retail liquor business as a new excise regime will hit the city markets today. New liquor vends in Delhi from today As per the new excise policy, the liquor business will now be handled completely by private players. The Delhi government had already issued guidelines regarding placing order and receiving …

Delhi Liquor Shops New Liquor Vends
Hero MotoCorp commences retail operations in Mexico
3 years, 4 months ago

Hero MotoCorp commences retail operations in Mexico

Live Mint  

Indian two-wheeler major Hero MotoCorp informed that it has commenced retail sales in Mexico. Hero Motocorp will market models including the Xpulse 200, Xpulse 200T, Hunk 190, Hunk 160R, Hunk 150, Eco 150 TR, Eco 150 Cargo, and Ignitor 125, and the Dash 125 scooter in the South American country. The range of products that we have introduced here should …

Hero Mexico Motocorp Hero Motocorp
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 …

India Units Reliance Mukesh Ambani Reliance Retail Ril Lakh Jobs
Premarket stocks: Why AMC shares are skyrocketing again
3 years, 6 months ago

Premarket stocks: Why AMC shares are skyrocketing again

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. This is what’s known as a “short squeeze.” Investors on Reddit’s WallStreetBets community used this method to pump up the price of GameStop shares earlier this year. “BlackRock has made big sweeping promises about its climate commitments, and has certainly increased its rhetoric on its for …

Business Retail Price Company Stock Investors Shares
’I thought there was no other answer but to exit the business’: Kishore Biyani
4 years, 2 months ago

’I thought there was no other answer but to exit the business’: Kishore Biyani

Live Mint  

New Delhi: A series of acquisitions over the last few years compounded by the covid-19 crisis that rendered several businesses to temporarily halt in India, prompted Kishore Biyani to sell his chain of retail stores, warehousing and logistics business to Reliance Retail in a slump sale amounting to Rs24,713 crore earlier this year. Biyani said covid will prove to be …

India Biyani Retail Business
IFSCA sets up committee for international retail business development
4 years, 4 months ago

IFSCA sets up committee for international retail business development

Live Mint  

The work to establish the International Financial Services Centre as a credible international jurisdiction and gain from the changing geopolitical situation has picked up steam. On Monday, the International Financial Services Centres Authority, the regulator for IFSC, set up a committee for international retail business development. The panel has been tasked to suggest measures for developing international retail business in …

India International Retail Gift Trading Fpi Ifsc