RIL aims to become India’s largest private employer
The aim is to add a million in headcount in three years, primarily in the retail arm, as the company transforms itself into an enterprise that now includes two mega consumer and technology businesses.
India sees $62 bn in PE funding in 2020
Consumer tech and IT/ITeS were the most-funded sectors last year, while investments in the BFSI space were down by 60%, says Bain & Company.
A strong balance sheet and RIL’s growth plans
The oil-to-telecom behemoth has created a strong balance sheet that supports growth plans for three hyper-growth engines—Jio, Retail, and O2C. And as part of CSR, it’s also in the healthcare space.
Investors bet big on India’s growth story
Despite the pandemic wreaking havoc on businesses everywhere, PE/VC funds pivoted towards Indian companies last year, says a Praxis Global Alliance report.
Reliance gets a new-look growth engine
The Mukesh Ambani-led cash-rich giant is all set to carve out its traditional oil-to-chemicals business into an independent subsidiary, and create a holding structure by itself.
Saudi fund invests $1.3 bn in Ambani’s retail business
The Public Investment Fund of Saudi Arabia is picking up a 2.04% stake in Mukesh Ambani’s Reliance Retail Ventures. This after it invested $1.5 billion in a sister company, Jio Platforms.
The great Indian retail sale
Flipkart investing ₹1,500 crore in Aditya Birla Fashion and Retail shows it's not a winner-takes-all market, and there will be convergence between online and offline stores.