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reliance industries
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Mukesh Ambani, Asia’s richest man, rebuilds a 261-year-old British icon
Bloomberg |
PUBLISHED ON APR 13, 2021 02:55 PM IST
- Mukesh Ambani, 63, bought Hamleys in 2019 to strengthen his retail footprint as part of the ongoing transformation of his oil-and-chemicals conglomerate Reliance Industries Ltd. into a consumer and technology behemoth.
Delhi HC stays single judge order upholding Singapore EA award
By Richa Banka, Hindustan Times, New Delhi
UPDATED ON MAR 23, 2021 03:19 PM IST
The court also stayed the ₹20 lakh fine and the show cause notice to the Biyanis and other directors of Future Group that had sought to know from them as to why they should not be kept in civil detention for three months.
News updates from HT: PM Modi urges bolstering of indigenous defence manufacture
By hindustantimes.com, Hindustan Times, New Delhi
UPDATED ON FEB 22, 2021 01:00 PM IST
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.
Future Group creditors scramble to recover $2.5 billion loans
Reuters |
PUBLISHED ON FEB 16, 2021 02:03 PM IST
- Future, India's No.2 retailer with more than 1,700 stores, has been hit hard by the pandemic and agreed to sell most of its retail assets to Mukesh Ambani-led Reliance in a $3.4 billion deal. The transaction, however, has faced legal hurdles with e-commerce giant Amazon.
Advantage Future Group as HC lifts stay on Reliance deal
By Richa banka, New Delhi
PUBLISHED ON FEB 09, 2021 02:16 AM IST
The judges rejected a plea by Amazon to keep its order in abeyance for a week, and said they saw no reason to maintain status quo on the Future Retail assets.
Shares hit over 1-week low as shadow lenders drop on fears of tighter rules
Reuters | , Bengaluru
PUBLISHED ON JAN 18, 2021 04:08 PM IST
The blue-chip NSE Nifty 50 index fell 1.06% to close at 14,281.3, while the benchmark S&P BSE Sensex was down 0.96% at 48,564.27.
Sebi fines RIL, Mukesh Ambani
Livemint | By Kalpana Pathak
UPDATED ON JAN 02, 2021 04:08 AM IST
The case pertains to a Sebi order, dated 24 March, 2017, claiming fraudulent trading in the futures and options (F&O) segment of the securities of RPL which was merged with the former in 2009.
Fiscal measures, vaccine optimism boosts Sensex, Nifty gains on last trading day
Bengaluru | By Reuters | Posted by Shankhyaneel Sarkar
PUBLISHED ON DEC 31, 2020 04:36 PM IST
The benchmark NSE Nifty 50 index rose 14.9% to clock its best year since 2017, while the S&P BSE Sensex gained 15.75%.
Amazon asks SEBI to wait for SIAC order
Livemint, Mumbai | By Anirudh Laskar
UPDATED ON DEC 29, 2020 06:22 AM IST
In a 21 December letter, Amazon told Sebi that the Singapore arbitration court’s ruling has been held valid under India’s arbitration Act by the Delhi high court and, hence, the Future group’s amalgamation must wait till the Singapore court gives a final judgement.
Five companies will end 2020 with ₹5 lakh crore market cap
Livemint, Mumbai | By Nasrin Sultana and Ravindra Sonavane
PUBLISHED ON DEC 26, 2020 03:19 AM IST
Hindustan Unilever Ltd and Infosys Ltd entered the ₹5 lakh crore market capitalisation club this year, joining Reliance Industries Ltd, Tata Consultancy Services Ltd and HDFC Bank Ltd.
In India’s retail, a battle of the billionaires
Livemint, New Delhi | By Livemint
UPDATED ON DEC 23, 2020 04:54 AM IST
The battle for dominance in one of the fastest-growing major retail markets is being fought on the ground in India and the courts in Singapore and New Delhi.
Sensex surges 224 points to finish at record peak; Nifty tops 13,700
Mumbai | By Press Trust of India | Posted by Arpan Rai
PUBLISHED ON DEC 17, 2020 04:04 PM IST
After touching its lifetime intra-day high of 46,992.57, the 30-share BSE index settled 223.88 points or 0.48 per cent higher at 46,890.34.
Canara Bank shares jump nearly 8% on QIP launch
Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON DEC 08, 2020 01:42 PM IST
Canara Bank had saind on Monday that it has set a floor price of Rs 103.50 per share for its qualified institutional placement (QIP) to raise up to Rs 2,000 crore.
Sensex, Nifty hit all-time high as banks, Reliance gain
Mumbai | By Reuters| Posted by Mallika Soni
PUBLISHED ON DEC 03, 2020 11:45 AM IST
The NSE Nifty 50 index climbed 0.38% to 13,163.9 by 0449 GMT and was on course for a third straight session of gain, while the benchmark S&P BSE Sensex was up 0.34% at 44,770.56.
Reliance Industries shares jump over 3% after Saudi Arabia’s PIF investment of Rs 9,555 cr
By Press Trust of India | Posted by Shivani Kumar
UPDATED ON NOV 06, 2020 12:36 PM IST
Billionaire Mukesh Ambani-run Reliance Industries Ltd’s retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore.
Sensex ends 355 points higher; Nifty reclaims 11,900
Mumbai | By Press Trust of India | Posted by Kanishka Sarkar
PUBLISHED ON NOV 04, 2020 04:13 PM IST
According to traders, domestic equities followed global stocks that were upbeat ahead of the outcome of the US presidential election.
Amazon’s legal suit prolongs wait for lenders to Future group
Livemint | By Kalpana Pathak & Jayshree P Upadhyay
UPDATED ON OCT 19, 2020 06:09 AM IST
Amazon has cited a clause in the company’s 2019 investment pact in Future Coupons Ltd that specifically bars the Future group from forging a pact with Reliance Industries, Mint reported on 16 October.
Reliance raises Rs 7,350 crore from GIC, TPG
New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
PUBLISHED ON OCT 03, 2020 06:27 AM IST
Following the sell-down in its digital unit Jio Platforms, Reliance’s focus has shifted to retail with the acquisition of Future Group’s businesses and investment by global private equity firms/strategic investors.
Silver Lake co-investors to invest additional Rs 1,875 crore in Reliance Retail ventures
Mumbai | By Asian News International | Posted by Niyati Singh
UPDATED ON OCT 01, 2020 10:31 AM IST
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced on Wednesday that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of Reliance Industries.
Reliance Industries shares gain 1% after General Atlantic deal
Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
UPDATED ON SEP 30, 2020 12:00 PM IST
This is the third private equity investment in Reliance Retail, following US-based private equity firm Silver Lake’s Rs 7,500-crore investment for a 1.75 per cent stake and global private equity firm KKR’s Rs 5,550 crore investment for a 1.28 per cent stake earlier this month.
KKR to invest Rs 5,500 cr in Reliance Retail Ventures
Asian News International | By Asian News International| Posted by: Harshit Sabarwal
PUBLISHED ON SEP 23, 2020 09:39 AM IST
Notably, this is the second investment by KKR in a Reliance Industries subsidiary after the Rs 11,367 crore investment in Jio Platforms announced earlier this year.
Sensex ends 98 points lower, IT stocks shine
Mumbai | By Press Trust of India | Posted by Kanishka Sarkar
PUBLISHED ON SEP 14, 2020 07:04 PM IST
After gyrating 657 points during the day, the 30-share BSE index settled 97.92 points or 0.25 per cent lower at 38,756.63. The NSE Nifty slipped 24.40 points or 0.21 per cent to close at 11,440.05.
Reliance may use stake sales to help fund expansion plan
Livemint | By Kalpana Pathak
UPDATED ON SEP 14, 2020 06:51 AM IST
Reliance Industries is actively looking to acquire startups, as well as mature companies, to strengthen its digital commerce, 5G and fibre-to-the-home businesses to create India’s largest digital ecosystem spanning telecom, retail and payments, the people said on condition of anonymity.
Reliance Industries to spin off oil to chemicals business
Livemint, Mumbai | By Kalpana Pathak
UPDATED ON SEP 07, 2020 04:10 AM IST
According to the plan, RIL’s oil-to-chemicals assets, including its refining, petrochemicals, fuel retail (majority interest only) and bulk wholesale marketing businesses, along with its assets and liabilities, will be transferred to a new unit.
Future Group’s Biyani, pioneer of Indian retail, to hand over empire’s control to Reliance Industries
New Delhi | By Press Trust of India | Posted by Prashasti Singh
UPDATED ON AUG 30, 2020 02:05 PM IST
Kishore Biyani is giving the control of what he nurtured for over three decades to Reliance Retail.
Sensex rallies over 300 points in early trade; Nifty tops 11,400
Mumbai | By Press Trust of India| posted by Susmita Pakrasi
PUBLISHED ON AUG 21, 2020 10:55 AM IST
The BSE Sensex was trading 330.76 points or 0.87 per cent higher at 38,551.15; while NSE Nifty was up 98.05 points or 0.87 per cent at 11,410.25.
Reliance Retail acquires majority stake in Netmeds for Rs 620 crore
New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
UPDATED ON AUG 19, 2020 12:37 AM IST
This investment represents around 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries -- Tresara Health Private Limited, Netmeds Market Place Limited and Dadha Pharma Distribution Pvt Limited, the Reliance Retail statement said.
Sensex rallies over 500 points after RBI policy outcome; Nifty tops 11,200
Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 06, 2020 01:57 PM IST
Tata Steel was the top gainer in the 30-share Sensex pack, rising around 2 per cent, followed by HDFC Bank, Bajaj Finance, HCL Tech, Infosys, Kotak Bank, TCS and Reliance Industries.
Reliance Industries second biggest brand globally after Apple
New Delhi | By Press Trust of India| Posted by: Harshit Sabarwal
UPDATED ON AUG 06, 2020 12:03 AM IST
“This year’s highest entrant at number two, Reliance Industries excels on every attribute,” FutureBrand said, releasing its 2020 Index.
Mukesh Ambani calls for urgent policy steps to do away with 2G
New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON JUL 31, 2020 04:00 PM IST
On the silver jubilee of the 1st mobile phone call made in India, Mukesh Ambani said that 2G era feature phones have kept around 30 crore subscribers away from basic internet services when both India and other countries are venturing into 5G era.