SEARCHED FOR:RELIANCE RETAIL
Reliance Retail Q1 sales drop 17% to ₹31,633 cr as stores shut by lockdown
Operating profit of the country's biggest retailer by revenue almost halved in the quarter, as its fixed cost remained almost similar to the pre-lockdown period despite store closures. The company posted net sales of ₹31,633 crore in the three months ended June 30. Earnings before interest, taxes, depreciation and amortisation fell 47% to ₹1,083 crore.
Grey market sees 'Future' in Reliance Retail
So, if investment bankers are reasonably correct with their ballpark estimates, the retailing bu...
Mukesh Ambani says received strong interest from strategic investors for Reliance Retail
Addressing shareholders in RIL's 43rd annual general...
RIL inches closer to bolster its presence in retail space as it nears deal with Future Group
Reliance Industries (RIL) is in late-stage talks to acquire the retail business of Future Group as it moves to bolster its brick-and-mortar play in Asia’s third-largest economy.
The Reliance cheque that could mark the end of Kishore Biyani's play in retail
Mukesh Ambani has been buoyed by investments close to $20 billion from backers including Google and Facebook in his oil-to-telecoms conglomerate, and is seeking to strengthen his hand in India's huge retail sector with the Future deal.
Retail business witnessed sharp decline, de-growth of 64% in 1st half of July
The latest monthly survey by the Retailers Association of India (RAI) found “no sign of recovery” yet from Covid-19 for the sector that has been severely hurt by the pandemic.
Reliance to expand JioMart to fashion, phones, electronics; bets on hyperlocal model
Two senior industry executives said while Reliance Retail stores are currently fulfilling orders in JioMart, it will eventually have a hybrid model whereby its own retail stores and local neighbourhood shops will be roped in for order fulfilment.
What made Kishore Biyani's Future is also what led to his undoing
If the debt position pushed Biyani into a corner, the pandemic sealed his fate. Any potential buyer will drive a hard bargain, knowing the group will find itself in a crisis when the loan moratorium ceases at the end of August. The man who hooked India on to retail bargains will have to negotiate hard for a good deal for himself. How did Biyani end up in this situation?
RIL spikes 4% on buzz around stake sale in Reliance Retail
The stock closed at a record high of Rs 2,076, up 3.59 per cent on the NSE. Thanks to the rise in prices, the valuation of the company rose to Rs 13.16 lakh crore.
Amazon in talks to buy 9.9% stake in Reliance retail arm
Amazon wants a preferred, strategic stake in Reliance Retail for JioMart, according to tweets by the television channel.
Amazon stake knot in any Reliance-Future deal
Amazon owns 3.5% in Future Retail, the Future Group flagship that Reliance Retail is said to be interested in.
Expect a Jio like monetisation in Reliance Retail too: Daljeet Singh Kohli
The stocks has moved very sharply in the last three months.
Arvind Fashions in talks with Reliance Retail to sell two denim brands
Arvind Fashions has been restructuring its businesses for about a year, by trimming its global brands portfolio and pruning unviable outlets. Last year, it exited marketing arrangements with loss-making global labels including Izod, Gant, Nautica and Ed Hardy to focus on US Polo, Aeropostale, Gap, Flying Machine, and other labels.
Amazon deal talk may cut Reliance Retail’s grey market price by half
ETNow on Thursday reported that RIL was holding preliminary talks to sell about 10 per cent stake in Reliance Retail (RRL) to Amazon.
RIL retail arms hand exit notice to Nexus Malls
The ongoing tussle between malls and retailers about rentals during the lockdown period has now pitted India’s largest retailer by revenue and number of stores against a private equity (PE) giant.