November 06, 2022 10:30 pm
The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said.
September 29, 2022 3:11 pm
The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with the likes of Mango and Industria de Diseno Textil SA (Inditex)-owned Zara, and cater to millenials and Gen Z.
August 30, 2022 10:31 am
Reliance AGM 2022 Highlights, JIO 5G Services Announced: Reliance Industries (RIL) Chairman Mukesh Ambani is addressing the shareholders at the company's 45th annual general meeting (AGM) today. He said that Reliance Jio will launch 5G services in key cities by Diwali.
August 08, 2022 4:07 pm
During the fiscal year, Reliance Retail further strengthened its sourcing ecosystem, working closely with producers, MSMEs, service providers, and local and international brand companies, it added.
May 16, 2022 10:24 am
Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months and is hiring an army of distributors to take them to mom-and-pop stores and bigger retail outlets across the nation
April 26, 2022 5:52 pm
The unequal treatment led to the move last week, when the local banks rebuffed the $3.2 billion offer from Ambani’s conglomerate. Reliance Industries Ltd. announced the purchase plan in August 2020 but struggled to complete the transaction in the face of legal challenges mounted by Amazon.com Inc., which argued it had the first right of refusal contractually.
April 06, 2022 12:40 pm
A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the consent of US e-commerce major Amazon and Future group over the resumption of arbitral proceedings before the Singapore International Arbitration Centre (SIAC).
March 21, 2022 3:23 am
The founding team and management will own the balance stake in the company, RRVL said. With this acquisition, RRVL will further strengthen its portfolio in the innerwear segment, having already acquired Zivame and Amante brands, RRVL said
March 16, 2022 12:23 am
Amazon, which is involved in a legal battle with FRL over the sale of the latter’s assets to Reliance Retail, said, in a public notice, that the false statements had been made knowingly as “FRL was on the verge of purportedly allowing handing over of the retail assets to the MDA Group”.
March 11, 2022 12:57 am
Reliance had taken over the stores last month as they were sub-leased by it to Future which had defaulted on rental payments. Now, all such stores have been closed by Reliance.