RIL unit may need to pay upto Rs 4,975 crore for Reliance Infratel
According to the order, the resolution applicant (RA) – in this case Reliance Digital - has proposed to make a total payment of INR 3,720 crores for corporate debtor -Reliance Infratel (RITL), which will be distributed among the lenders.
Mukesh Ambani takes on Amazon in India's $200 billion market
Reliance group’s JioMart – which only started this year and is still in the beta...
Reliance starts sales of electronics on JioMart ahead of festive season shopping
Reliance Industries started selling electronic products onli...
How iPhone's online price discounts work in Indian retail
Apple is the only electronics company that does not mandate any end-consumer selling price or dictate channel promotional offers in India, making it easier to offer discounts, industry executives said.
From laptops to grinders, it’s up & up again since May: Reliance Digital
Reliance Digital, India's biggest retail chain by revenues, said it has grown business by 30-40% in August and September compared to a year ago, indicating the continuing demand revival in smartphones, televisions and refrigerators on a month-on-month basis.
Abu Dhabi's Mubadala in advanced talks to invest up to $1 billion in Reliance Retail
While one source said Mubadala "is ready with" $1 billion for Reliance Retail and doing due diligence, a second source said the talks were at an advanced stage and said the investment could be anywhere between $500 million and $1 billion.
Apple Inc-owned webstore debut in India: Products being sold at maximum retail prices
Apple products, such as iPhones and iPads, are sold at up to 12% discount in the online marketplaces and even the webstore of top retail chains like Reliance Digital and Croma. Discounts tend to be higher during busy shopping days, like the upcoming festive season.
Reliance, Tatas control 20% of smartphone, electronics retailing; together notch up Rs 50,000 cr sales in FY20
While Reliance Retail grew its consumer electronics retailing business sales by 14% to Rs 44,625 crore in FY20 as per an investor presentation, Tata-owned Infiniti Retail Ltd which owns and runs the Croma chain reported sales of Rs 5173 crore which went up by 11% as reported in Registrar of Companies filings.
Reliance Retail increases advertisements four times in July-August for more visibility
Reliance Trends and Reliance Digital including My Jio Store were the top brands advertised by the conglomerate. From ranking 162 in the list of top advertisers on TV, according to Adex data, Reliance Retail moved to the 32nd spot this year during July-August period.
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.
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.
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.
Diwali sales give retailers relief, finally
Diwali was a crucial period since sales of most categories had been flat or had declined this year.
Ecommerce may soon lose ‘mobile’ exclusivity
Offline retailers have been protesting against online exclusive smartphone models because consumers often buy them at lower prices. But now this could change as leading mobile brands are unlikely to launch any web-only models from January.
Retail’s Diwali rests on this weekend
Brick-and-mortar retailers and companies are hopeful that this weekend will see a jump in sales as the festive season kicks in. Retailers say the weeks of shopping spree ahead of the festival season has been trimmed down to one weekend.