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Reliance Industries Ltd’s retail arm said on Thursday it would roll out 7-Eleven convenience stores in India, days after Future Retail Ltd ended a similar deal with the US chain. Reliance Retail Ventures Ltd will open the first 7-Eleven round-the-clock…
Reliance Retail is to buy nearly 41 percent of search and database firm Just Dial for US$468.84 million. Billionaire Mukesh Ambani-owned Reliance Retail will also make an open offer to public shareholders of Just Dial to acquire an additional 26 percent,…
A struggling 261-year-old U.K. toy-store chain is seeking a new lease of life in the hands of billionaire Mukesh Ambani, who’s looking to India where about a fifth of the world’s babies are born to fuel its revival. Hamleys, a British retail icon that hasn’t…
Through this acquisition, RJIL’s total owned spectrum footprint has increased significantly, by 55%, to 1,717 MHz (uplink+ downlink). RJIL has the highest amount of sub-GHz spectrum with 2X10 MHz contiguous spectrum in most circles. It also has at least 2X10…
The Delhi High Court on Monday refused to restrain Jeff Bezos-led Amazon from interfering in Kishore Biyani-headed Future Retail’s $3.4 billion deal with Mukesh Ambani-owned Reliance Retail by writing to statutory authorities. The order was pronounced by a…
Indian conglomerate Reliance Industries is holding talks to purchase a controlling share in e-commerce pharmacy business Netmeds. The talks, which according to the Economic Times are in advanced stages, could see a Reliance subsidiary pay US$130–150 million…
India’s Reliance Retail opened 1533 new stores last fiscal year, taking its network to 11,784 as it boosts its strength across the food, fashion, and digital sectors. In results published this week the company says pre-tax earnings grew 55.7 percent to Rs…
Reliance Retail Ventures Limited has bought Indian retailer Shri Kannan Departmental Store for US$20 million. “The investment will further strengthen the group’s retail operations and presence in the state of Tamil Nadu and will further enable retail and new…
Indian conglomerate Reliance Brands is planning to launch a luxury fashion in the e-commerce portal through its online fashion site Ajio. The launching of the e-commerce portal is aimed at widening the company’s market share as online marketing in the country…
Indian retailer Reliance Brands is to launch Spanish fashion label Balenciaga in India. The move comes shortly after Reliance signed a deal to bring US luxury jewelry brand Tiffany and Co to India last July, with the first store opening last month in New…
Reliance Industries has entered India’s online grocery retailing market via a new e-commerce platform JioMart, which started pilot trials last month in Mumbai. Through JioMart, it is planning to offer more than 50,000 products and connect 30 million offline…
Indian conglomerate Reliance Industries is launching a Michelin-star restaurant in Mumbai in partnership with Italian luxury firm Emporio Armani. The first Armani Cafe venue is set to open in the firm’s upcoming luxury Bandra Kurla mall, the Jio World Centre.…
Indian conglomerate Reliance Industries is moving to take on Amazon in India by founding a new digital retail platform. The firm, led by billionaire Mukesh Ambani, has of late been engaged in testing to refine its new online shopping portal JioMart, which is…
The Reliance-Tiffany partnership in India will allow Tiffany & Co to offset subdued demand in US and Europe, says data and analytics company GlobalData. The US-based luxury jeweler Tiffany & Co formally announced last week it was forming a joint venture with…
Amazon is in talks with Reliance Industries Ltd’s retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks told Reuters. Amazon’s massive online presence could help bolster Reliance’s consumer and…
Reliance Brands is launching two of its US brands – lifestyle label Tory Burch and jeweller Tiffany & Co in India. The brands will set up shop at Jio World Centre mall in Mumbai in April next year. The move is Tiffany & Co’s third attempt to establish a…
