Page 20 - Reliance Retail

Reliance-Future Retail deal may not impact revenue market share

Reliance Retail, despite the pandemic, hit revenues of Rs 157,629 crore in FY21. The Future group's revenues are merely 7 per cent of this, compared to around 18 per cent in FY20

Reliance Retail's open offer for Just Dial shareholders to start on Sep 13

Reliance Retail Ventures Ltd's open offer for the shareholders of Just Dial to buy an additional 26 per cent stake in the company will commence on September 13

Reliance Retail Q1 PAT up 123% to Rs 962 cr on low base

EBITDA up 79% at Rs 1,941 crore YoY but plunged 46.3% sequentially

RIL Q1 results: Consolidated net profit falls 7% to Rs 12,273 crore

The oil-to-telecom conglomerate's revenue from operations rose 58.2 per cent to Rs 1.44 trillion

Reliance Retail Ventures buys shares worth over Rs 1,332 cr in Just Dial

Reliance Retail Ventures Ltd on Tuesday purchased shares worth over Rs 1,332 crore in Just Dial Ltd, through an open market transaction.

Just Dial falls 5% as Reliance Retail Ventures acquires controlling stake

RRVL has announced the acquisition of a controlling stake or a 40.95 per cent holding in Just Dial for a total consideration of Rs 3,497 crore

RIL's retail business likely to grow 3x in next 3-5 years: Report

Reliance Industries' retail business is expected to grow three times in next the next three to five years at a robust CAGR of 35-40 per cent, said a Bernstein report

Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos

Business Standard brings to you the top headlines on Saturday

Reliance Retail buys controlling stake in Just Dial for Rs 5.7k crore

Will acquire 25.33% stake via preferential allotment at Rs 1,022.25 a share, another 15.62% from Just Dial founder V S S Mani. It will later make an open offer for 26% as per Sebi rules

Reliance Retail picks up 66.95% stake in Just Dial for Rs 3,497 cr

VSS Mani will continue as MD and CEO of Just Dial; company reported a net loss of Rs 3.5 crore in June quarter

Amid IPO frenzy, Reliance plans public listing of retail, O2C businesses

Depending on the investors' appetite, at least one will be launched in the current financial year, a banker close to the development says

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

Reliance Retail to grow 3x in next 3-5 years, create a million jobs: Ambani

It continues to be among the fastest-growing retailers globally and the company aims to be among the top ten retailers of the world, Ambani said at RIL's annual general meeting

Analysts expect Aramco deal update, ground-breaking products in RIL AGM

In their base case scenario, Jefferies maintains a price target of Rs 2,540 on RIL stock - an upside of around 15 per cent from the current levels

Retail next growth engine for RIL with potential 10x PBT growth: Goldman

After growing 5x over FY16-FY20, RIL's core retail revenue growth has taken a pause in FY21 (April 2020 to March 2021) due to Covid related macro headwinds including lower footfalls

Amazon to Reliance Retail's Ajio, retailers roll out goodies for shoppers

Big discounts, cashback offers, early sales part of strategy

Reliance Retail got sizable revenue in FY21 from digital commerce

The digital commerce and merchant partnerships business has gained significant traction in the wake of Covid-induced disruptions

Reliance Industries rallies 15% in seven days, hits over 7-month high

The stock was up 2.2 per cent at Rs 2,250 on the BSE in intra-day trade on Thursday, trading close to its record high level of Rs 2,368.80 touched on September 16, 2020

Tata Digital buys majority stake worth $1.31 bn in online grocer BigBasket

India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital

Mukesh Ambani's Reliance Retail second-fastest growing retailer in world

Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years. It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report. The list is topped by US giant Walmart Inc, which retains its position as world's top retailer. Amazon.com Inc improved its position to rank second. Costco Wholesale Corporation of US slipped a rank to be placed third followed by Schwarz Group of Germany. The top 10 has seven US retailers and one from the UK (Tesco PLC at 10th position). Other US retailers in the top 10 include The Kroger Co (ranked 5th), Walgreens Boots Alliance, Inc (6th) and CVS Health Corporation (ranked 9th). Germany's Aldi Einkauf GmbH & Co. oHG and Aldi International Services GmbH & Co. oHG is placed at 8th position. Reliance Retail is the only Indian entry ..