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The deep pockets of Mukesh Ambani and India’s demographics could help breathe new life into Hamleys,

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.
A file photo of Delhi high court. (HT Archive)
A file photo of Delhi high court. (HT Archive)

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.
Prime Minister Narendra Modi on Monday outlined that the country now has to step out from an import-dependent status and fast track its defence manufacturing capabilities. (PTI Photo)(PTI)
Prime Minister Narendra Modi on Monday outlined that the country now has to step out from an import-dependent status and fast track its defence manufacturing capabilities. (PTI Photo)(PTI)

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.
The Future group and Amazon have been locked in a battle after the US-based company took FRL into an emergency arbitration over alleged breach of contract.
The Future group and Amazon have been locked in a battle after the US-based company took FRL into an emergency arbitration over alleged breach of contract.

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.
A man walks inside the Big Bazaar retail store in Mumbai, India. (Reuters)
A man walks inside the Big Bazaar retail store in Mumbai, India. (Reuters)

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.
The Nifty Metal Index was the worst performing index, falling 4.1% to its lowest since Jan 4.(AP)
The Nifty Metal Index was the worst performing index, falling 4.1% to its lowest since Jan 4.(AP)

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.
Mukesh Ambani, chairman of Reliance Industries Limited.(Reuters/ File photo)
Mukesh Ambani, chairman of Reliance Industries Limited.(Reuters/ File photo)

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.
A digital screen on the facade of the Bombay Stock Exchange (BSE) building displays stock prices.(PTI)
A digital screen on the facade of the Bombay Stock Exchange (BSE) building displays stock prices.(PTI)

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%.
An employee of Amazon walks through a turnstile gate inside an Amazon Fulfillment Centre on the outskirts of Bengaluru.(REUTERS)
An employee of Amazon walks through a turnstile gate inside an Amazon Fulfillment Centre on the outskirts of Bengaluru.(REUTERS)

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.
Billionaire Mukesh Ambani’s Reliance Industries is the most valuable company with a market value of ₹12.64 lakh crore, followed by Tata Consultancy at ₹10.91 lakh crore.(REUTERS)
Billionaire Mukesh Ambani’s Reliance Industries is the most valuable company with a market value of ₹12.64 lakh crore, followed by Tata Consultancy at ₹10.91 lakh crore.(REUTERS)

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.
Jeff Bezos, president and CEO of Amazon, and Mukesh Ambani, Chairman and Managing Director of Reliance Industries, are seen in this combination photo.(REUTERS)
Jeff Bezos, president and CEO of Amazon, and Mukesh Ambani, Chairman and Managing Director of Reliance Industries, are seen in this combination photo.(REUTERS)

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.
A man walks past a Canara Bank office in Mumbai in this file photo.(Reuters Photo)
A man walks past a Canara Bank office in Mumbai in this file photo.(Reuters Photo)

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.
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India.(Reuters)
People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India.(Reuters)

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.
At the NSE, it rose by 3.32 per cent to Rs 2,020.(Reuters)
At the NSE, it rose by 3.32 per cent to Rs 2,020.(Reuters)

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.
After a volatile session, the 30-share BSE index ended 355.01 points or 0.88 per cent higher at 40,616.14.(PTI File Photo)
After a volatile session, the 30-share BSE index ended 355.01 points or 0.88 per cent higher at 40,616.14.(PTI File Photo)

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.
While Future group firms owe close to ₹16,000 crore to a clutch of banks and debt mutual funds, Future group founder Biyani owes an additional ₹11,000 crore to several lenders.(Reuters)
While Future group firms owe close to ₹16,000 crore to a clutch of banks and debt mutual funds, Future group founder Biyani owes an additional ₹11,000 crore to several lenders.(Reuters)

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.
In less than three days, Reliance Industries has entered into five deals to sell stake in Reliance Retail Ventures Limited.(Reuters File Photo)
In less than three days, Reliance Industries has entered into five deals to sell stake in Reliance Retail Ventures Limited.(Reuters File Photo)

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.
This latest investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.(File photo for representation)
This latest investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.(File photo for representation)

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.
General Atlantic will invest Rs 3,675 crore to buy a 0.84 per cent stake in Reliance Retail Ventures Ltd (RRVL), Reliance Industries said in a statement.(REUTERS)
General Atlantic will invest Rs 3,675 crore to buy a 0.84 per cent stake in Reliance Retail Ventures Ltd (RRVL), Reliance Industries said in a statement.(REUTERS)

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.
Reliance Retail Limited, a subsidiary of RRVL, operates India’s largest, fastest-growing and most profitable retail business across its 12,000 stores nationwide.(Reuters file photo)
Reliance Retail Limited, a subsidiary of RRVL, operates India’s largest, fastest-growing and most profitable retail business across its 12,000 stores nationwide.(Reuters file photo)

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.
An investor watching stock prices at the Bombay Stock Exchange (BSE).(PTI File Photo)
An investor watching stock prices at the Bombay Stock Exchange (BSE).(PTI File Photo)

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.
RIL is planning to use the money it raised over the past few months to invest across businesses, rather than retire debt.(Reuters)
RIL is planning to use the money it raised over the past few months to invest across businesses, rather than retire debt.(Reuters)

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.
In April, RIL approved an arrangement for transfer of its oil-to-chemicals (O2C) business to Reliance O2C Ltd as a going concern on slump sale basis.(VIA BLOOMBERG NEWS)
In April, RIL approved an arrangement for transfer of its oil-to-chemicals (O2C) business to Reliance O2C Ltd as a going concern on slump sale basis.(VIA BLOOMBERG NEWS)

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.
Kishore Biyani is a man known for thrifty approach to running the business.(HT Photo)
Kishore Biyani is a man known for thrifty approach to running the business.(HT Photo)

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.
In the previous session, the Sensex closed at 38,220.39, down 394.40 points or 1.02 per cent, while the broader Nifty slumped 96.20 points or 0.84 per cent to finish at 11,312.20.(REUTERS)
In the previous session, the Sensex closed at 38,220.39, down 394.40 points or 1.02 per cent, while the broader Nifty slumped 96.20 points or 0.84 per cent to finish at 11,312.20.(REUTERS)

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.
A woman walks past a poster of Reliance Industries in Mumbai.(Reuters File Photo)
A woman walks past a poster of Reliance Industries in Mumbai.(Reuters File Photo)

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.
The central bank opted for a status quo and left interest rates unchanged at the latest monetary policy meet.(PTI)
The central bank opted for a status quo and left interest rates unchanged at the latest monetary policy meet.(PTI)

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.
One of the most profitable companies in India, Reliance is, “very well respected” and “seen as behaving ethically” as well as being associated with “growth”, “innovative products” and “great customer service”, FutureBrand said.(Reuters file photo)
One of the most profitable companies in India, Reliance is, “very well respected” and “seen as behaving ethically” as well as being associated with “growth”, “innovative products” and “great customer service”, FutureBrand said.(Reuters file photo)

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.
Earlier, Mukesh Ambani had announced that RIL’s telecom arm Jio will strive to make India free of 2G by migrating from feature phones to an affordable smartphone.(REUTERS)
Earlier, Mukesh Ambani had announced that RIL’s telecom arm Jio will strive to make India free of 2G by migrating from feature phones to an affordable smartphone.(REUTERS)

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.
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