Page 16 - Reliance Retail
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 Retail MD Rakesh Biyani steps down, Company Secretary resigns")
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
 "Future Group shares continue to fall for second day; down up to 20%")
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
 "Local vs foreign: How a creditor revolt scuttled RIL's Future Retail deal")
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.
 "Reliance Retail drops Future Group deal after secured lenders reject it")
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")
Secured creditors of Future Retail reject deal with Reliance Retail
A majority of 69.29 per cent of secured creditors of FRL voted against the resolution while 30.71 per cent voted in favour: Company.
Top Headlines: LIC IPO size may be cut, India's trade pacts, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: LIC IPO size may be cut, India's trade pacts, and more")
Future Group lenders reject slump sale proposal to Reliance Retail
Cite 'uncertainty over the entire proposition' for rejecting the proposal
 "Future Group lenders reject slump sale proposal to Reliance Retail")
Reliance Retail to start artisan-only store format 'Swadesh'
Reliance Retail on Thursday said it will launch a dedicated artisan-only store format 'Swadesh', which will showcase agriculture & food products, handlooms, clothing, textiles, handicraft and handmade natural products. This will boost its handmade in India programme and provide a global platform for artisans and sellers of handcrafted products, said a statement by Reliance Retail. The first Swadesh store is expected to open in the second half of 2022, it said. "The programme is being spearheaded by Reliance Retail's handicraft brand Swadesh, which envisages an artisan-only dedicated store format for handcrafted products from across the country," it said. Besides, Reliance Retail, a subsidiary of Reliance Retail Ventures Limited (RRVL) is exploring new partnerships with state governments to create a strong, vigorous and sustainable ecosystem for local artisans, the statement added. As part of that, an MoU was signed on Thursday at the Bengal Global Business Summit in Kolkata with .
Reliance Brands acquires 51% stake in couturiers Abu Jani Sandeep Khosla
Abu Jani and Sandeep Khosla will continue to lead the design and creative direction of the brand.
 "Reliance Brands acquires 51% stake in couturiers Abu Jani Sandeep Khosla")
Future Enterprises defaults on Rs 9.10 cr interest payment for NCDs
FEL has defaulted interest for the period between October 11, 2021, to April 10, 2022, a regulatory filing from the Future group firm said
 "Future Enterprises defaults on Rs 9.10 cr interest payment for NCDs")
Future-Amazon case: Supreme Court lifts stay on SIAC arbitration
The SC said in its order that the interim application will be transmitted to the Delhi High Court as agreed by both parties and as proceedings have already begun there