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Reliance Retail

Reliance Retail

 

More Stories on Reliance Retail

Amidst protests by traders, Reliance says no plan to set up 100 retail stores in Jammu

Sep 21, 2021

Amid the ongoing protest over the purportedly proposed opening of Reliance retail store chain over the past many days, the company said the talk of 100 stores being opened by is completely untrue.

In a July 22 memo, the corporate affairs ministry objected to one proposed clause to be enshrined in new rules that says e-commerce firms should not abuse their dominant position in India

Centre's plan for stringent e-commerce rules stuck due to internal dissent

Sep 21, 2021

The memos offer a rare glimpse of high-stakes policy-making governing a market already featuring global retail heavyweights from Amazon to Walmart, plus domestic players like Reliance Industries and Tata Group

Supreme Court has stayed Delhi HC proceedings on enforcement of Emergency Arbitrator's award restraining Future Retail from going ahead with merger deal with Reliance Retail

Future-Reliance Retail deal: SC stays all proceedings in Delhi HC

Sep 09, 2021

The SC bench headed by Chief Justice N V Ramana, also instructed the statutory authorities of the likes of CCI, NCLT, and SEBI not to pass any final order regarding the merger deal for next four weeks

The announcement comes ahead of the festive and wedding season

Reliance Retail to enter ethnic wear space with Avantra; first store to come up in Bengaluru

Sep 06, 2021

Avantra’s brick-and-mortar stores will be mid-size and in the economy range. The first Avantra store will come up in Bengaluru

Reliance Industries Chairman Mukesh Ambani

Reliance Retail acquires sole control of Just Dial; holds 40.98% in local search engine platform

Sep 02, 2021

Just Dial deal will allow Reliance access to 25-year-old listings company’s merchant database. As per earlier statements, Just Dial founder and CEO VSS Mani will continue to lead Just Dial as MD and CEO

The buzz around Reliance's potential acquisition of Justdial on Thursday took up its share price by 4 per cent (Source: Reuters)

Will the Justdial acquisition add value to Reliance Retail?

Jul 16, 2021

Justdial is a B2B directory business, I am not sure how if it will help Reliance Retail, which is building a consumer-facing business, says Arun Kejriwal, Founder, Kejriwal Research and Investment Services

In August, Just Dial stakeholders gave nod to the company's plans to issue shares worth Rs 2,165 crore via a preferential allotment to Reliance Retail

Just Dial board gives nod to allotment of 2 crore shares to Reliance Retail

Sep 02, 2021

Following the allotment, Reliance Retail holds 40.98% of the total paid-up equity share capital of the company, Just Dial said in an exchange filing

The dispute started after Future, with more than 1,700 stores, including popular Big Bazaar supermarkets, entered a deal last year to sell its retail businesses to Reliance.

Future Retail files new case in Supreme Court against Amazon over $3.4-bn deal

Aug 28, 2021

In its over 6,000-page filing, Future has argued that if the deal with Reliance doesn't go through, it would cause "unimaginable" damage to the group.

Future Retail operates retail stores like Big Bazaar, fbb, Foodhall, Easyday and Nilgiris

Sadashiv Nayak appointed as Future Retail CEO

Aug 25, 2021

Nayak has been associated with Future Group for over 17 years and in the last 8 years as the CEO of Big Bazaar, he has played a pivotal role in making Big Bazaar what it is today, a Future Retail statement said

Amazon founder Jeff Bezos and Future group promoter Kishore Biyani.

Twists & turns in the buyout of Kishore Biyani’s Future Retail

Aug 09, 2021

Following the SC verdict, Biyani and Amazon will need to negotiate a fresh deal with Future Retail in no better a position than what it was a year ago. It is clearly a case of time having been lost

SC last week upheld e-commerce giant Amazon’s plea seeking a hold on the Rs 24,713 crore deal between Reliance Retail and Future Retail

Future Group must pay $14 mn to bondholders this month or face legal action

Aug 09, 2021

If bond investors initiate legal action against the company, it could be a huge blow after the Supreme Court's order last week, which stalled Future Retail's mega Rs 24,713 crore deal with Reliance Retail