Reliance Retail: News
Reliance Retail acquires Kelvinator to expand in home appliances market
Reliance Retail, a subsidiary of Reliance Industries Ltd., has acquired the iconic home appliances brand Kelvinator.
Anant Ambani to receive ₹10-20cr pay as Reliance's Executive Director
Anant Ambani, the youngest son of billionaire Mukesh Ambani, has been appointed as the Executive Director of Reliance Industries.
₹1.25L crore boost: Ambani, Adani announce massive investments for Northeast
Reliance Industries and Adani Group have announced ambitious investment plans for Northeast India.
Reliance becomes first Indian firm to hit ₹10T net worth
Mukesh Ambani-led Reliance Industries Limited (RIL) has become the first Indian firm to cross ₹10 lakh crore in net worth.
How US-China tariff war jeopardises SHEIN-Reliance's global sourcing deal
Chinese fast fashion giant SHEIN is reportedly rethinking its global sourcing agreement with Reliance Retail.
Reliance launches ₹10 'Spinner' to disrupt sports drink market
Reliance Consumer Products Limited (RCPL), a subsidiary of Reliance Retail Ventures Limited, has launched a new sports drink called 'Spinner.'
Reliance Retail brings back Shein to India after 5 years
Reliance Retail, the subsidiary of Mukesh Ambani's Reliance Industries, has brought Chinese fashion brand Shein back to the Indian market.
Why Reliance Retail wrote off its $200M investment in Dunzo
Reliance Retail, the biggest backer of hyperlocal delivery start-up Dunzo, has written off its $200 million investment.
China's SHEIN enters India as labels appear on Reliance's AJIO
Reliance Retail has launched a backend test of Chinese fast fashion label, SHEIN, on its AJIO platform. The development comes nearly five years after the Indian government banned the brand.
Reliance Jio's IPO slated for 2025 with $100 billion valuation
Mukesh Ambani, the head honcho of Reliance Industries, is gearing up for a 2025 initial public offering (IPO) of his telecom venture Reliance Jio.
Reliance Retail posts ₹2,836 crore net profit in Q2 FY25
Reliance Retail Ventures (RRVL), the retail arm of Reliance Industries (RIL), has posted a 1.3% year-on-year growth in its consolidated net profit for the second quarter.
Reliance Retail joins quick commerce fray, offers free delivery
Reliance Retail is entering the quick commerce space, giving a tough competition to established players like Zepto, Zomato's Blinkit and Swiggy's Instamart.
Reliance-owned stock turns ₹1L into ₹1.1cr in 5 years
The shares of Lotus Chocolate Company have demonstrated the potential of long-term stock market investments.
Reliance becomes first Indian firm to hit ₹10L crore revenue
Reliance Industries Limited (RIL) has set a new record, by becoming the first Indian company to surpass ₹10 lakh crore in annual revenues.
Reliance Retail to enter luxury jewelry market, reveals Isha Ambani
Reliance Retail, a subsidiary of Reliance Industries Limited (RIL), has announced its foray into the luxury jewelry sector.
Reliance Industries laid off around 42,000 employees in FY24
Reliance Industries (RIL) reduced its workforce by nearly 11% in FY24, a decrease of around 42,000 employees compared to the previous fiscal year.
Disrupting fashion market? Reliance to re-launch China's SHEIN in India
Reliance Retail, owned by Mukesh Ambani, is preparing to introduce popular Chinese fast fashion label SHEIN in India.
Reliance Retail enters quick commerce race with 1-hour delivery pilot
Reliance Retail has launched a pilot program for immediate delivery of groceries and fast-moving consumer goods (FMCG) in select areas of Mumbai and Navi Mumbai.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Reliance's much anticipated AGM starts 2pm today: What to expect
Investors and market observers eagerly await the Reliance Annual General Meeting (AGM) 2023.
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.
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.
QIA acquires 1% stake in Reliance Retail at $100bn valuation
Qatar's sovereign fund, QIA, has announced a $1 billion investment in Reliance Retail.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
NewsBytes Briefing: Apple launching iPhone 12 on October-13, and more
Last night, Apple sent out invites for a 'Hi, Speed' event.
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.
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.
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.
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.
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.
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.