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RRVL has acquired 89 per cent equity stake in Purple Panda Fashions Pvt Ltd, which owns and operates the Clovia business, through a combination of secondary stake purchase and primary investment, said a joint statement. Reliance Retail Ventures Ltd (RRVL) on Sunday announced the acquisition of a majority 89 per cent equity stake in Clovia, …
Taking note of the submission of the US firm that Reliance has been allegedly taking over the FRL stores and this be stopped, the bench granted Amazon the liberty to file an application, giving details of relief, and posted it for hearing on Wednesday. US e-commerce major Amazon told the Supreme Court on Tuesday that …
Reliance Retail Ventures Ltd (RRVL) will leverage its subsidiary Reliance Brands Ltd’s deep understanding of the affluent Indian customer and their heft across digital, retail operations, marketing, and supply chain platforms, to build brand Abraham & Thakore’s global appeal in the fashion and lifestyle category. Billionaire Mukesh Ambani’s Reliance group on Tuesday said its retail …
SoftBank-backed InMobi’s co-founder and CEO Naveen Tewari told PTI in an interview that the company is looking to reach 1 billion users in the next 2-3 years by building various partnerships and expanding its footprint overseas. Digital technology firm InMobi’s social media arm Roposo is in discussions with Reliance Retail for a social commerce related …
Reliance Retail reported revenues of Rs 1,53,818 crore in FY21, a marginal decline over revenues of Rs 1,63,029 crore posted in FY20, the firm said in its annual report. (Representative image) Reliance Retail aims to record at least three-fold growth in the next three to five years and will make deeper investments to bolster its …
Reliance Industries today announced its quarterly results. (Image: REUTERS) Mukesh Ambani’s Reliance Jio’s fiscal fourth-quarter net profit surged almost 50% on-year to Rs 3,508 crore. Jio Revenue for the January-March quarter rose 19% on-year to Rs 18,278 crore; however, revenue fell on a sequential basis owing to lower number of days during the quarter. Meanwhile, …
Reliance Industries Chairman Mukesh Ambani. Mukesh Ambani’s efforts to bolster his new cash cows is again bearing fruit for India’s largest listed private company. In the third quarter of the financial year 2021, the retail and digital services arms of Reliance Industries Ltd (RIL) reported a revenue of Rs 36,887 crore and Rs 23,678 crore, …
Mukesh Ambani is on a mission to carve a tech giant out of Reliance Industries Ltd empire. Amid this, RIL’s consumer facing businesses Jio Platforms and Reliance Retail have been gaining prominence. Combined, the digital services arm and the retail business of Mukesh Ambani’s oil-to-telecom behemoth make up for 49% of the company’s total EBITDA. …
Future Enterprises’ Retail & Wholesale Undertaking has been transferred to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a wholly-owned subsidiary of RRVL Mukesh Ambani-led Reliance Industries’ subsidiary Reliance Retail Ventures Limited (RRVL) announced to acquire the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group in a mega transaction for …
