Reliance Retail's JioMart to take on Amazon, Flipkart this festive season
Reliance Retail’s JioMart transitions into a full-scale e-marketplace, offering not just home products, and groceries, but brands across categories like jewellery, beauty, electronics.
Reliance Brands to acquire 40% stake in Plastic Legno's India toy biz
Sunino group-owned Plastic Legno SPA has more than 25 years of experience in toy production; started India ops in 2009 to develop a production hub.
Banks vote against Future deal; co a pale shadow of itself
From a peak of 1,400 stores, Future group is now left with around 550 stores. Of these, 70% are shut because of lack of stocks.
Future Group shares plunge as lenders reject ₹24,713 cr Reliance Retail deal
Kishore Biyani’s Future group shares plunged up to 12% after bankers to the debt-laden company rejected Reliance Retail’s proposed takeover bid.
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.