Reliance Retail, which is a step-down subsidiary of Reliance Industries, has crossed the one billion transaction mark and is the only Indian retailer to feature in the top 100 retailers globally. In its Annual Report, the company said the next wave of value creation for the company was built around multiple hyper-growth engines… Continue reading Reliance Retail crossed 1 bn transaction mark in FY23, to ramp up FMCG biz
Tag: Reliance
Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs
Reliance Industries Ltd, India’s most valuable company, has sought shareholder’s approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. Ambani, 66, will cross the company law-mandated 70 years age for the chief… Continue reading Reliance seeks shareholder nod to appoint Ambani as head for another 5 yrs
Lenders bet on Reliance Retail Ventures for Future Enterprises revival
Lenders are betting on Reliance Retail Ventures, a RIL subsidiary, to acquire bankrupt Future Enterprises to recover part of their Rs 15,820 crore exposure to the company. Lenders say RRVL, if its offer is accepted, will get access to two insurance JVs which are currently owned by Future Enterprises with Generalli which… Continue reading Lenders bet on Reliance Retail Ventures for Future Enterprises revival
Reliance Industries’ annual general meeting of shareholders on Aug 28
Last month, Reliance demerged JFS, which was valued at around $20 billion after its stock price was set at a much higher than expected 261.85 rupees ($3.19) BENGALURU (Reuters) -India’s Reliance Industries on Friday said it would hold its much-anticipated annual general meeting of shareholders on Aug. 28, where it is expected to give… Continue reading Reliance Industries’ annual general meeting of shareholders on Aug 28
Reliance jumps 16 places, now at number 88 on Fortune Global 500 list
The company has gained a whopping 67 places in the last two years from number 155 in 2021. (Photo via PTI) Billionaire Mukesh Ambani’s Reliance Industries has maintained its highest ranking among Indian corporates in the latest Fortune Global 500 list, jumping 16 places to rank at number 88. Reliance was ranked at… Continue reading Reliance jumps 16 places, now at number 88 on Fortune Global 500 list
Reliance Retail’s valuation now nearly twice that of RIL’s O2C business
Reliance Industries’ retail arm, Reliance Retail, is now valued at nearly twice the amount of its decades-old and lucrative oil-to-chemical (O2C) division. Bernstein’s latest report on the conglomerate reveals an estimated valuation of $112 billion for its retail business, dwarfing the $57 billion valuation of its O2C division. In addition, the research firm… Continue reading Reliance Retail’s valuation now nearly twice that of RIL’s O2C business
Reliance Jio, Airtel drive telecom subscriber base to 1,172.57 mn in May
New customer addition by telecom operators Reliance Jio and Bharti Airtel led to a marginal growth in the country’s telecom subscriber base to 1,172.57 million in May, according to a report released by regulator Trai on Tuesday. Subscriber loss of Vodafone Idea, BSNL and MTNL mitigated the growth of the telecom user base… Continue reading Reliance Jio, Airtel drive telecom subscriber base to 1,172.57 mn in May
Reliance Retail launches new 4G-enabled JioBook priced at Rs 16,499
Reliance Retail on Monday announced the launch of JioBook in the Indian market, with a price tag of Rs 16,499 making it one of the most affordable 4G-enabled laptops in the country. The device, touted as “India’s first learning book”, will be available for purchase starting on August 5. Customers can get their… Continue reading Reliance Retail launches new 4G-enabled JioBook priced at Rs 16,499
Reliance launches laptop-like student-focused JioBook at Rs 16,499
Reliance Retail will start selling its new device, JioBook from August 5, 2023, for Rs 16,499. The device has been designed to focus on students. Users can perform tasks like attending online classes, learning to code, and online trading. The device has a form factor of a small laptop which has a full… Continue reading Reliance launches laptop-like student-focused JioBook at Rs 16,499
Reliance Capital posts consolidated net profit of Rs 444 crore in Q1
Its total expenses rose to Rs 5,560 crore, from Rs 4,068 crore in the first quarter of the previous year. Debt-ridden Reliance Capital on Sunday reported coming back in black in the April-June quarter of 2023-24 with a consolidated net profit of Rs 444 crore for the period driven by the good performance of… Continue reading Reliance Capital posts consolidated net profit of Rs 444 crore in Q1