Reliance Retail: News

22 Jun 2024

Mukesh Ambani

RIL shareholders approve $4B deal between Reliance Retail, Jio Financial

Shareholders of Reliance Industries have approved a deal between its subsidiaries, Reliance Retail and Jio Financial Services (JFS), valued at $4.3 billion.

29 May 2024

JioMart

JioMart launching sub-30-minute delivery service to rival Blinkit and Zepto

Reliance Industries is reportedly preparing to enter the quick commerce market with its subsidiary, JioMart, planning to introduce an under-30-minute delivery service.

24 May 2024

Reliance Industries

Jio Financial Services subsidiary announces $4.32 billion telecom equipment purchase

JioLeasing Services Ltd (JLSL), a Jio Financial Services subsidiary, has unveiled plans to acquire customer premises equipment, and telecom equipment worth $4.32 billion from Reliance Retail.

19 Jan 2024

Reliance Industries

Reliance Industries, Jio, and Retail's Q3 results out: Details here

Reliance Jio, a telecom subsidiary of Mukesh Ambani's Reliance Industries, has announced its results for the quarter ending December 2023.

07 Nov 2023

Business

Reliance Retail expands Smart Bazaar stores in small towns

Reliance Retail, the retail arm of Reliance Industries, is growing its Smart Bazaar stores in small towns throughout India, per The Economic Times.

02 Nov 2023

E-commerce

RIL-owned AJIO launches a D2C e-commerce platform called AJIOGRAM

On November 2, AJIO, the e-commerce platform of Reliance Retail, unveiled AJIOGRAM, a direct-to-consumer (D2C) centric e-commerce platform.

06 Oct 2023

Mahendra Singh Dhoni

JioMart ropes in MS Dhoni as its brand ambassador

Reliance Retail has announced that they have appointed former Indian cricket team captain Mahendra Singh Dhoni as the brand ambassador of JioMart.

25 Sep 2023

Startups

Dunzo nears $25-30 million funding boost to keep company afloat

Quick-commerce company Dunzo is poised to secure a crucial $25-30 million cash injection in a funding round involving major investors such as Reliance Retail, Google, and Lightrock.

13 Sep 2023

Business

Reliance Retail eyes whopping $1.5bn investment from Gulf, Singapore funds

Reliance Retail, India's largest retailer led by the country's wealthiest individual, Mukesh Ambani, is currently engaged in discussions with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, reported Reuters.

01 Sep 2023

Mukesh Ambani

Mukesh Ambani-backed Reliance Retail Ventures eyes $2.5 billion fundraiser

Reliance Retail Ventures, owned by Mukesh Ambani, is reportedly in advanced talks to raise $2.5 billion by September end, for a possible stock market listing.

28 Aug 2023

Reliance Industries

Reliance's much anticipated AGM starts 2pm today: What to expect

Investors and market observers eagerly await the Reliance Annual General Meeting (AGM) 2023.

25 Aug 2023

Business

Reliance Retail's Gen Z-focused Yousta stores challenge Flipkart's Spoyl

Reliance Retail has introduced Yousta, a new fashion retail format targeting consumers aged 15-25 with affordable prices.

25 Aug 2023

Reliance Industries

Reliance Retail's IPO prep: RIL could sell 8-10% stake

Reliance Industries plans to sell an additional 8-10% stake in Reliance Retail Ventures Limited (RRVL) to fund expansion, repay debt, and prepare for its stock market debut.

23 Aug 2023

Qatar

QIA acquires 1% stake in Reliance Retail at $100bn valuation

Qatar's sovereign fund, QIA, has announced a $1 billion investment in Reliance Retail.

02 Aug 2023

Reliance Industries

Reliance Retail is worth $112bn; twice as RIL's O2C business

Reliance Retail, the retail subsidiary of Reliance Industries, is now valued at a whopping $112 billion, nearly double the valuation of its oil-to-chemical (O2C) division, as reported by Bernstein.

23 May 2023

JioMart

Reliance axes over 1,000 JioMart employees; more layoffs to follow

JioMart, the online wholesale arm of Reliance Industries, has fired over 1,000 employees. The move is part of the company's plan to consolidate JioMart's B2B business.

19 Apr 2023

Mukesh Ambani

Mukesh Ambani's 66th birthday: A look at his entrepreneurial journey

Mukesh Ambani, the richest man in India and Asia, is celebrating his 66th birthday today. The chairman of Reliance Industries (RIL) was born on April 19, 1957, in Yemen.

10 Apr 2023

Adani Group

Reliance, Adani competing to acquire Future Retail: Journey so far

Kishore Biyani-led Future Retail Ltd. is caught in a mountain of debt. The once-successful retailer has now released a provisional list of applicants who are interested in acquiring the debt-ridden flagship company of Future Group.

27 Mar 2023

Reliance Industries

Reliance does a Jio on FMCG: Aggressive pricing, disruptive products

Mukesh Ambani's Reliance is an expert at triggering price wars. What started with the telecom sector has now entered the personal and home care segment of FMCG.

09 Mar 2023

Reliance Industries

Reliance relaunches Campa in India: Is this its next disruptor

Reliance is known for being a market disruptor. The company first disrupted the telecom sector with Jio.

07 Mar 2023

Nykaa

Everything to know about Tira, Reliance's rival to Nykaa

Reliance Retail's beauty e-commerce platform Tira will be available to customers in the coming weeks. Tira's presence won't be limited to the online space.

09 Oct 2021

Mukesh Ambani

Mukesh Ambani enters the elusive $100bn club alongside Bezos, Musk

Asia's richest person Mukesh Ambani has entered the world's most elite wealth club with a fortune of at least $100 billion, joining the likes of Jeff Bezos and Elon Musk.

07 Oct 2021

Mukesh Ambani

Reliance Retail set to bring 7-Eleven stores to Indian shores

Indian billionaire businessman Mukesh Ambani's Reliance Retail Ltd. will soon bring 7-Eleven Inc.'s convenience stores to India.

20 Nov 2020

Mukesh Ambani

Reliance Retail raises Rs. 47,265cr from sale of 10% stake

Billionaire Mukesh Ambani-led Reliance Industries announced that it has completed the sale of Rs. 47,265cr worth of stake in its retail arm, Reliance Retail Ventures Limited (RRVL), to a group of foreign investors.

15 Nov 2020

Flipkart

Reliance buys 96% stake in Urban Ladder for Rs. 182cr

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd. (RIL), has acquired a majority stake in online furniture retailer Urban Ladder, the company announced on Sunday.

26 Oct 2020

Singapore

Future Group, Reliance ignore ruling to hold $3.4bn deal

The Future Group on Monday said that it was examining an order to stall a Rs. 24,713 crore (approximately $3.4 billion) asset sale to Reliance Industries Limited (RIL).

08 Oct 2020

Paytm

NewsBytes Briefing: Amazon unhappy with Future Group-Reliance deal, and more

Last night, Amazon expressed discontent over Future Group's deal to sell its businesses to Reliance Retail and issued the former a legal notice.

07 Oct 2020

Google

NewsBytes Briefing: Apple launching iPhone 12 on October-13, and more

Last night, Apple sent out invites for a 'Hi, Speed' event.

30 Sep 2020

Mukesh Ambani

Reliance Retail scores Rs. 3,675cr from General Atlantic: Details here

The retail venture of Mukesh Ambani's Reliance Industries is going all guns blazing to take on Amazon and Walmart in India.

17 Aug 2020

Mukesh Ambani

Reliance could buy Milkbasket, Urban Ladder in e-commerce push

As Amazon and Flipkart continue to take long strides in the Indian e-commerce segment, Mukesh Ambani's Reliance Industries is also looking to grow its online footprint.

25 May 2020

Navi Mumbai

Reliance JioMart now live across 200 Indian cities: Details here

The lockdown enforced to contain the outbreak of COVID-19 has surged the demand for home delivery of essentials, giving a significant boost to the business of e-grocers like Bigbasket and Grofers.

23 Oct 2017

Jammu And Kashmir

First reported case of JioPhone exploding, company calls it sabotage

After selling six million handsets in a matter of days, the JioPhone has now waded into controversy.

16 Oct 2017

Diwali

Second round of JioPhone bookings to start after Diwali: Reports

Reports have emerged that Reliance Jio will resume bookings for its JioPhone right after Diwali. "Likely from October end or November first week," a Reliance Retail channel partner has said.

22 Aug 2016

India

Army canteens are the most profitable retail chains in India

According to a report published in the Economic Times, India's most profitable retail chain is run by the Indian defence services.