Mukesh Ambani
Retail
Deal with RIL in line with Indian laws, not party to agreement with Amazon: Future
IANS -
After a Singapore arbitration court ordered a temporary stay on Reliance Retail's acquisition of the debt laden Future Group's retail business, the latter has said that the deal with Reliance Retail is in consonance with Indian laws.
It further said...
Retail
Future Retail may challenge order stalling deal with RIL
IANS -
Kishore Biyani-led Future Retail on Monday indicated that it may challenge the interim order, wherein a Singapore arbitration court has directed to hold its deal with Reliance Retail Ventures Ltd (RRVL).
In a statement, Future Retail said that all the...
Retail
Future-RRVL deal stalled; RRVL says 'intend to enforce rights & complete transaction'
IANS -
E-commerce major Amazon has got a favourable ruling in Singapore regarding the Reliance Retail's buyout of the debt-laden Future Group as the deal has been temporarily stalled.
Reliance Retail Ventures Ltd in a statement said that it has entered into...
Retail
Jeff Bezos vs Mukesh Ambani: Battle royale for India's retail crown
IANS -
The arbitration proceedings between Amazon and Kishore Biyani have begun in Singapore.
Former Attorney General of Singapore, V.K. Rajah concluded arbitration hearing on Friday, October 16 and will deliver his ruling on or before Monday, October 26, sources said.
Rajah, former...
Research
Reliance accounts for 40 pc of PE investments
IANS -
Investments in Jio Platforms and Reliance Retail account for more than 40 percent of private equity and venture capital investments in 2020 between January-September.
According to the IVCA-EY PE/ VC roundup, the January-September period recorded investments worth US$ 28.9 billion...
Retail
Reliance's retail arm receives Rs 5,550 crore from KKR for 1.28 pc stake sale
Reliance Industries Ltd (RIL) on Thursday said it has received Rs 5,550 crore from global investment firm KKR, which has picked up 1.28 percent stake in its retail arm.
According to a PTI report: Earlier, on September 23, RIL had...
Retail
Phygital Retail Convention: Kishore Biyani’s Most Awaited Interview of 2020
Kishore Biyani, widely considered the pioneer of modern retail in India and credited with taking convenience shopping to the masses, is finally bowing to the winds of change blowing across the sector, handing over the reins of what he...
Retail
Amazon takes on Future Group over deal with Reliance Retail
IANS -
In a major turn of events in the buyout of the businesses of the debt laden Future Group by Reliance Retail, e-commerce giant Amazon.com, Inc has stepped in and said that Future Group violated a contract with it by...
Retail
ADIA to invest Rs 5,512 cr in Reliance Retail Ventures; RRVL raises Rs 37,000 cr
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Tuesday that a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into RRVL, a subsidiary of Reliance Industries.
This investment values RRVL at...
Retail
AI will expand capacity to solve India's pressing problems: Mukesh Ambani
IANS -
Reliance Industries Ltd (RIL) Chairman Mukesh Ambani said on Monday that AI and other associated technologies of the 4th Industrial Revolution will vastly expand the capacity to solve most complex and pressing problems before India and the world.
In his...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps
A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any...
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