Reliance Trends

The new rule for upcoming retail stores is a big change from the earlier policy of Reliance Retail, which allowed up to two years to asses if a retail store could be profitable

Revenue down due to weak performance in fashion and lifestyle business

Reliance Retail has launched over 50 exclusive brands and plans to increase the number by 2-3 times, under its strategy to expand the fashion business beyond its own stores

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RIL retail arm in talks with global investors to raise $2.5-3 billion

Reliance Retail Limited's debt-to-equity ratio increased from 1.35 in FY22 to 1.91 in FY23

During the 46th Annual General Meeting (AGM) of Reliance Industries Limited, Isha Ambani, director of Reliance Retail, said that the retail company saw around 1,000 million transactions last year

Reliance Industries Ltd, India's largest company by market value, will commence natural gas production from its deepest discovery in the KG-D6 block this quarter, meeting 15 per cent of India's gas demand. KG-D6 off the Andhra coast is India's only deepwater block under production. The block averaged 20 million standard cubic meters per day of production in the January-March quarter, the company said in an investor presentation post-presentation of the March quarter earnings. Reliance and its partner, UK supermajor BP are now nearing the start of production from their giant MJ deep-water project, which will significantly boost gas output from the prized east coast asset. "MJ field is expected to commence production in 1Q FY24 (April 2023 to March 2024)," it said. The company, which is the operator of the block, earlier planned to start production in the December quarter, but it was delayed by three months. Reliance and BP are spending about USD 5 billion on further developing KG-

The brand caters to requirements of sports and fitness enthusiasts

Larger groups like the Tatas, Aditya Birla and Reliance Retail are slowly making a mark in a Rs 46,400 cr industry that is otherwise ruled by traditional organised and unorganised players

A Business Standard analysis found that while the number of Reliance retail stores has grown fourfold in six financial years, this growth has not been uniform

Will have over 300 Indian and International brands in categories such as apparels, footwear, cosmetics, lingerie, sportswear, luggage and accessories

Reliance Brands also recently forayed into food and beverages retail space by entering into a long-term franchise partnership with Pret A Manger - a global fresh food and organic coffee chain

Department of Consumer Affairs held meeting with stakeholders including Amazon, Flipkart, Reliance and Tata to discuss issues arising due to fake and deceptive online reviews

A meeting was held on Friday by Department of Consumers Affairs with Amazon, Flipkart, Reliance and Tata to address the issue, say sources

Reliance wishes to utlise its strength in a sector where it sees huge prospect. Luxury goods are Reliance's next target market, according to market pundits and analysts.

Most categories looking to capitalise on out-of-home momentum

Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the company's retail revenues, has been demerged

Growing demand for value-for-money products and higher margins make this a profitable growth option

Go the extra mile by making calls, setting up mini stores; trend is here to stay, say experts