Page 8 - Reliance Retail

RIL AGM LIVE: Mukesh Ambani to remain CMD for 5 years, mentor new leaders

RIL AGM: From Mukesh Ambani's address to major announcements, check all the live updates and news related to Reliance's 46th annual general meeting here

Retail value of Reliance Retail doubled in less than 3 years: Isha Ambani

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

RIL trades flat ahead of 46th AGM at 2 pm today; Jio Financial surges 5%

At the 46th AGM of Reliance, chairman, Mukesh Ambani is expected to divulge information about JFSL's business and future plans

Reliance AGM: Where and how to watch Reliance's 46th annual general meeting

Reliance AGM 2023: Mukesh Ambani, chairman of Reliance Industries, will address the shareholders and talk about the company's past performance as well as further plans

Reliance Retail Ventures may sell another 8-10% stake to prepare for IPO

Further dilution of stake might make its IPO size manageable

Reliance Retail opens youth fashion retail format with 1st store in H'bad

Leading retailer Reliance Retail on Thursday announced the launch of its youth-focused fashion retail format, Yousta, with the opening of its first store in Sarath City Mall here. A press release from the company said with contemporary technology-enabled store layouts, Yousta offers high-fashion at affordable prices targeted at young consumers. All products, for instance, are priced below Rs 999, with a majority of them priced below Rs 499. Speaking on the launch, Akhilesh Prasad, President and CEO Fashion and Lifestyle, Reliance Retail, said Yousta is a young and dynamic brand that underlines a way of life that will grow and evolve with the youth of this country. "The team will continuously work with India's younger generation to understand their evolving fashion needs. Every day will be 'Day One' in terms of freshness and relevance. Yousta will not only give a voice to the youth but also give them the freedom to express themselves, because for us, they are absolute stars," he ...

QIA to invest Rs 8,278 cr in Reliance Retail Ventures for 0.99% stake

Retail arm of Reliance Industries valued at pre-money equity value of Rs 8.28 trn

Reliance Retail crossed 1 bn transaction mark in FY23, to ramp up FMCG biz

In the previous financial year, it forayed into the FMCG and beauty businesses

Lenders bet on Reliance Retail Ventures for Future Enterprises revival

Lenders say RRVL, if its offer is accepted, will get access to two insurance JVs which are currently owned by Future Enterprises with Generalli which gels with RIL's financial services business

At $112 bn, RIL's retail arm value almost twice of O2C biz: Bernstein

According to Berstein's latest report on the company, its retail business is valued at $112 billion while its O2C business is valued at $57 billion

Reliance Retail launches new 4G-enabled JioBook priced at Rs 16,499

The company had launched a previous version of the JioBook discreetly in October last year, offering it to a select group of buyers

Reliance launches laptop-like student-focused JioBook at Rs 16,499

The device is powered by a 2.0 GHz octa-core processor and comes supported by 4 GB LPDDR4 RAM and 64 GB internal storage which can be expanded up to 256 GB with an SD card

Qatar fund in talks to buy minority stake in Reliance Retail Ventures

Those investors included KKR & Co and Saudi Arabia's Public Investment Board (see chart). RIL and its associate firms own the rest of the stake in RRVL

Qatar sovereign fund in talks for $1 billion stake in Reliance Retail

Qatar's sovereign wealth fund is in early discussions to buy a minority stake in billionaire Mukesh Ambani's rapidly expanding retail unit for about USD 1 billion (Rs 8,200 crore), sources said. The Qatar Investment Authority is keen on tapping the fast-growing Indian market and has entered into a discussion to buy about 1 per cent stake in Reliance Retail Ventures, sources with knowledge of the matter said. Talks, sources said, are at a preliminary stage and being led by an executive director on the board of parent Reliance Industries Ltd. If successful, QIA would follow the footsteps of sovereign wealth funds of other oil-rich Gulf nations which picked up stake in Reliance Retail Ventures in 2020. While Saudi Arabia's Public Investment Fund (PIF) invested USD 1.3 billion for a 2.04 per cent stake in Reliance Retail Ventures, Abu Dhabi Investment Authority (ADIA) put in Rs 5,513 crore for a 1.2 per cent stake. The UAE's Mubadala invested Rs 6,248 crore for a 1.4 per cent stake. T

Qatar sovereign fund in talks for minority stake in Reliance Retail

RRVL valued at $100 bn by JM Financial; Reliance group looking to unlock potential of its telecom unit too

Qatar Investment Authority looking to buy 1% stake in Reliance Retail

QIA is considering a $1 billion investment to buy a 1% stake bringing the valuation of Mukesh Ambani's retail unit to $100 billion

RIL dips 3% in intraday trade on weaker-than-expected Q1FY24 results

The company reported a 10.8% year-on-year dip in its consolidated net profit to Rs 16,011 crore owing to weak profitability seen in the O2C business

Reliance Retail revamping Trends stores with new-age, tech-enabled features

Reliance Retail said it is revamping Trends fashion stores across the county by adding contemporary and tech-enabled features ranging from self-checkout counters to electronic shelf labels to attract customers of younger generations. Reliance Retail is revamping around 150 Trends stores pan-India with a new brand identity. The stores will have a new look right from the faade to fixtures, lighting, ceiling and flooring, becoming more aspirational for shoppers, the retailer said. Trends, an affordable fashion & lifestyle retailer which operates more than 2,300 stores in over 1,100 towns and cities across India, has opened its first such store with a new brand identity in Surat with several more in the pipeline to be opened shortly. Now all new Trends stores to be opened by Reliance Retail in the future will be based on the new format, which may also have a dedicated space for local artesian to showcase the city's identity. Reliance Fashion & Lifestyle President & CEO ...

Endless troubles: What is happening at quick commerce platform Dunzo?

Quick-commerce player Dunzo is struggling not only with financial losses but also with keeping its operations afloat

Reliance Retail Q1 results: Net profit rises 18.8% to Rs 2,448 crore

Firm's finance cost up 130% due to business expansion