Mukesh Ambani
Retail
Jio, Facebook partnership is value creation platform for SMBs in India: Mukesh Ambani
IANS -
Mukesh Ambani, Chairman, Reliance Industries Limited (RIL) has said that the partnership between Jio and Facebook is great for India, Indians and small Indian businesses.
Ambani was in conversation with Mark Zuckerberg, CEO, Facebook at the first ever Facebook Fuel...
Retail
Amazon Tussle: Future Retail says not every development 'material event for disclosure'
Kishore Biyani-led Future Retail Ltd on Thursday accused e-commerce giant Amazon of adopting a media strategy of "having every development reported and converted into a line of communication with stock exchanges" regarding the Amazon-Future Coupons' arbitration proceedings in Singapore.
According...
Retail
Reliance Retail completes fund raise of Rs 47,265 crore for 10.09 pc stake
IANS -
Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) have completed the current phase of partner induction and fund raise exercise for RRVL.
Accordingly, the RRVL has received cumulative subscription amount of Rs 47,265 crore from its financial partners...
Retail
Amazon not shareholder, no say in company affairs: Future Retail tells Delhi High Court
Kishore Biyani-led Future Retail Ltd (FRL) Thursday told the Delhi High Court that Amazon was not its shareholder and has no say in its affairs and the interim order passed by the Singapore International Arbitration Centre (SIAC) was of...
Retail
Reliance Retail Ventures raises more than US$ 6 bn since Sept
IANS -
Public Investment Fund (PIF) Saudi Arabia has invested in Reliance Retail Ventures Limited (RRVL) at a pre-money valuation of Rs 4.59 trillion (US$ 62.4 billion), which is 7-9 percent higher than earlier investments in RRVL.
According to a research by...
Retail
Saudi PIF to invest Rs 9,555 crore in Reliance Retail Ventures
IANS -
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Thursday that the Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04 percent into RRVL, a subsidiary of Reliance...
Retail
Amazon flexes muscles but Reliance holds deep war chest
IANS -
The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called ‘gatekeeper for e-commerce’ to keep the reins...
Retail
Future Retail anticipates liquidation if deal with RIL fails
IANS -
As a Singapore arbitration court has temporarily halted the acquisition process of Future Group's retail business by Reliance Retail, there has been speculation over what happens to Future Retail if the deal does not actually go through.
Future Retail's representative...
Retail
Jeff Bezos, Mukesh Ambani set for long-drawn war over Future Retail
IANS -
As Reliance Industries Ltd (RIL) stepped into the e-commerce space with JioMart, speculations ran rife over two of world's richest individuals up for a confrontation in the market. But RIL's proposed acquisition of Future Group's retail business has just...
Retail
In Bezos vs Ambani battle, focus on disclosures by Amazon
IANS -
In the Jeff Bezos vs Mukesh Ambani battle royale for the Indian retail market, which is now also evolving into a 'videshi vs swadeshi' battle, questions are being raised by corporate watchers.
Eight absolutely unknown facts are emerging in the...
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