Page 16 - Reliance Retail
Top headlines: RBI steps in to save rupee, power crisis deepens, and more
India's Minister of State for New and Renewable Energy Bhagwanth Khuba launched a "Ghar Ke Upar Solar Is Super" - another of those catchily-named schemes that characterise the Narendra Modi government
 "Top headlines: RBI steps in to save rupee, power crisis deepens, and more")
Reopening 'Future' stores a work in progress for Reliance Retail
A source said there was a possibility that Reliance may trim the sizes of some of its stores and may also look at shutting down some locations
 "Reopening 'Future' stores a work in progress for Reliance Retail")
Future Group, its promoters 'orchestrated and committed' fraud, says Amazon
Warns of legal action to block sale of FRL assets to Reliance Retail as part of a $3.4-billion deal
 "Future Group, its promoters 'orchestrated and committed' fraud, says Amazon")
'Demon preaching vedas': Future Rt'l independent directors on Amazon claim
US e-commerce giant had accused them of 'fraudulent stratagem' in transferring 835 stores to Reliance group.
 "'Demon preaching vedas': Future Rt'l independent directors on Amazon claim")
Earnings announcements of Future Retail, Future Lifestyle to be delayed
In the last two months, Future Retail Ltd, the flagship firm of Kishore Biyani-led Future Group, witnessed several top-level exits after the Rs 24,713-crore deal with Reliance Retail was called off
 "Earnings announcements of Future Retail, Future Lifestyle to be delayed")
Why is the Indian market a hard nut to crack for foreign retailers?
Metro AG decided to exit India after 19 years. Is Indian market a hard nut to crack for international retail giants? Or India's business model is tilted in favour of local firms? Let us understand
 "Why is the Indian market a hard nut to crack for foreign retailers?")
Reliance to acquire several brands in over Rs 50,000 cr consumer goods play
Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months
 "Reliance to acquire several brands in over Rs 50,000 cr consumer goods play")
Reliance Brands signs agreement to retail Tod's in Indian market
Tod's has been operational in India since 2008 with mono-brand stores in DLF Emporio, New Delhi, and Palladium, Mumbai
 "Reliance Brands signs agreement to retail Tod's in Indian market")
Reliance Brands signs franchise agreement with Italian luxury brand Tod's
Indian company says it has become the official retailer of the brand across all categories including footwear, handbags and accessories.
 "Reliance Brands signs franchise agreement with Italian luxury brand Tod's")
RIL Q4 consolidated net profit up 22.5%; FY22 revenue at Rs 7 trillion
Net profit goes past Rs 60,000 crore
 "RIL Q4 consolidated net profit up 22.5%; FY22 revenue at Rs 7 trillion")
Reliance Retail's net profit declines 4.8% to Rs 2,139 cr in March quarter
Reliance Retail said it delivered its best-ever quarterly revenues, which even surpassed the festive quarter performance despite the Omicron wave and coming out from the festive quarter
 "Reliance Retail's net profit declines 4.8% to Rs 2,139 cr in March quarter")
Reliance Retail pre-tax profit rises 2.43% to Rs 3,705 crore in Q4
The company's gross revenue stood at around Rs 1,99,704 crore in the last fiscal
 "Reliance Retail pre-tax profit rises 2.43% to Rs 3,705 crore in Q4")
Future Retail MD Rakesh Biyani steps down, Company Secretary resigns
The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal
Future Group shares continue to fall for second day; down up to 20%
With the proposed deal with Reliance falling through, investors have been dumping the shares of Future Group since Monday even as the broader market made substantial gains
Local vs foreign: How a creditor revolt scuttled RIL's Future Retail deal
FRL's offshore bondholders -- a relatively smaller part of the creditor pool -- were promised 100% payment, while local lenders were asked to take a haircut
Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth
Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.
 "Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth")
Future Group to focus on saving, rebuilding firms as Reliance deal rejected
However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT
 "Future Group to focus on saving, rebuilding firms as Reliance deal rejected")
Reliance Retail drops Future Group deal after secured lenders reject it
Kishore Biyani's retail chain was to sell 19 companies for Rs 24,713 crore as part of an agreement announcement in August 2020.
Top Headlines: Omicron sub-variant akin to Delta, EVs could cut forex outgo
Business Standard brings you the top headlines at this hour
 "Top Headlines: Omicron sub-variant akin to Delta, EVs could cut forex outgo")
Majority of Future Retail secured creditors reject Reliance deal
Shareholders, unsecured creditors back the proposal
 "Majority of Future Retail secured creditors reject Reliance deal")