Page 11 - Reliance Retail

This Chris Wood owned stock hit a 52-week low. What's worrying the Street?

In the last few sessions, the stock of Mukesh Ambani-controlled Reliance Industries (RIL), hit its 52-week low level of Rs 2269.75, and has been one of the worst performers among the Sensex pack

Indian retail industry to reach $2 trn by 2032: Reliance's Subramaniam V

The Indian retail market is one of the fastest growing in the world and is expected to reach USD 2 trillion by 2032, according to Reliance Retail Director Subramaniam V. The Indian retail market is estimated at USD 844 billion in 2022 with the unorganised retail market contributing around 87 per cent of the share, he said. "The retail market is projected to grow at 10 per cent annually to reach a whopping 2 trillion by 2032 making it the fastest growing retail market of the world," Subramaniam said at an event organised by industry body FICCI here. Talking about the unorganised retail segment, Subramaniam said it is highly fragmented and lacks modern day infrastructure and technology due to smaller volume and financial resources. Subramaniam said there is a need to build an operating environment which promotes inclusive and sustainable growth for the sector and government policies and business practices of the big players must support the inclusive growth for the small players of t

Reliance opens its first store in partnership with Gap Inc. in Mumbai

Reliance Retail is the official retailer of Gap across all channels in India, the company said in a press release

RIL will give us scale, can negotiate better with suppliers: METRO MD & CEO

The B2B model that METRO Cash and Carry is focussed on has a lot of opportunities in the Indian market, says METRO Cash & Carry MD & CEO Arvind Mediratta

Reliance Industries stops local petcoke sales, boosts imports: Reports

Reliance Industries has stopped selling petroleum coke within India and boosted imports of the product to turn it into synthetic gas to power its refineries

Reliance Consumer bites into biscuit market to take on Britannia, Parle

Maliban, household name in Sri Lanka, is a biscuit manufacturer well known for the last 70 years

Reliance Retail net profit increases 6.2% to Rs 2,400 crore in Dec quarter

Ebitda from operations up 32.2%, revenue rises 18.6%

Reliance Retail acquires footwear and apparel retailer V Retail: Report

Reliance Retail has acquired Telangana and Andhra Pradesh-based footwear and apparel retailer V Retail Pvt Ltd, which operates a retail chain under the brand name 'Centro Style'. V Retail operates 32 Centro stores in the markets of Andhra Pradesh, Telangana and Karnataka. "Reliance Retail strengthened its product offerings with the acquisition of V Retail (Centro Footwear)," said the earning statement from Reliance Industries on Friday. However, the company did not disclose the financial details of the deal. According to industry sources, the acquisition was completed during the last quarter. Started in April 2009, as a distribution house, V-Retail is now one of the largest retail, distribution and franchising companies in South India. It is promoted by the distributors of several National and International brands operating in footwear and garments in Andhra Pradesh and Telangana, said the information available on V Retail's portal. Out of its 31 stores, about 15 Centro stores a

Consumer companies push deal activity to 25-year high in 2022, shows data

Many small brands swallowed up in catch-up acquisition spree

Reliance Retail to turn Metro stores into destination retail outlets

Metro sold only to business customers as its German parent had to comply with India's FDI norms

Reliance Consumer Products to acquire 50% stake in makers of Sosyo

Reliance Consumer Products announced it will acquire 50 per cent stake in 100 year old Gujarat-based Sosyo Hajoori Beverages, which owns and operates beverage business under the flagship brand 'Sosyo

20 years at Reliance helm: Mukesh Ambani redefines scale, business growth

From inheriting legacy textile and oil businesses to stepping into retail, telecom and digital, RIL is a company for New India, say experts

Reliance Retail may convert Metro Cash & Carry stores into B2B outlets

They may not be converted into hypermarkets and supermarkets as many are on city outskirts

Groundwork laid, here are the tech developments we will see in 2023

From common charging port to Right to Repair, the focus would be on consumer convenience

Reliance Retail to acquire Metro Cash & Carry India for Rs 2,850 crore

The acquisition is expected to strengthen Reliance Retail's physical store footprint across the country

Metro AG exits: Here is what happened to other foreign retailers in India

Reliance Retail on Wednesday announced acquiring a 100 per cent stake in German retailer Metro AG

Top Headlines: Reliance to acquire METRO AG's India biz, Covid-19 alert

Business Standard brings you the top headlines at this hour

Reliance Retail Ventures sells 2% stake in Just Dial for Rs 101 crore

Just Dial's promoter Reliance Retail Ventures on Wednesday sold 2 per cent stake in the company for Rs 101 crore in order to comply with the minimum public shareholding norms. According to the bulk deal data available with stock exchanges, Reliance Retail Ventures, a subsidiary of Reliance Industries, offloaded a total of 16,86,119 shares, amounting to 2 per cent stake in Just Dial. The shares were sold at an average price of Rs 600 apiece, taking the transaction value to Rs 101.16 crore. The shareholding of promoter and promoter group entities in Just Dial, which offers online directory for local contacts, has come down to 74.98 per cent from 76.98 per cent. On Monday, Just Dial said that Reliance Retail will sell 2 per cent stake in the company through the open market transactions to comply with regulatory requirement of 25 per cent minimum public shareholding. On Wednesday, shares of Just Dial closed 2.97 per cent lower at Rs 589.85 per piece on BSE and Rs 591.25 each piece on

TMS Ep327: Reliance FMCG, Byju's pains, Markets, EAGLE Act

Is FMCG the new battlefield between Ambani and Adani? Is Byju's experiencing growing pains? Will US Fed's hawkish pivot push Sensex to 58,000? How will EAGLE Act help Green Card seekers? Answers here

Is FMCG the new battlefield between Ambani and Adani?

Reliance Consumer Products launched its consumer goods brand, Independence. It puts the company in direct competition with Adani Wilmar. Is FMCG the new battlefield between the Ambanis and the Adanis?