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RIL to now focus on monetization with 'commerce layer'

In the next four years, Reliance Industries Limited (RIL)'s focus would be to add a third ‘layer of commerce’ and monetize the existing investments across different formats. According to a research report by BofA Securities, in the last 4 years,...

Future Retail logs Q4 net loss of Rs 477.63 crore

Future Retail Ltd (FRL) reported a consolidated net loss of Rs 477.63 crore for the quarter ended March 2020. According to a PTI report: The company, which owns brands like Big Bazaar, fbb, Foodhall, Easyday and Nilgiris, had posted a...

India e-commerce to grow 27 pc, Reliance to capture half of online grocery sales: Goldman

India's e-commerce business is expected to grow at a compound annual growth rate (CAGR) of 27 percent to reach US$99 billion by 2024, Goldman Sachs said projecting that Reliance Industries would capture half of the online grocery sales through...

Reliance JioMart goes live on WhatsApp

After signing a massive $5.7 billion deal with Facebook, Reliance Industries latest venture to expand into the retail market, JioMart, has reportedly gone live with its official WhatsApp number. According to media reports, JioMart is currently available in the suburban...

Reliance Industries joins hands with Turkey’s Kivanc Tekstil

Reliance Industries Ltd (RIL) on Monday said that it has joined hands with Turkey's textile company, Kivanc Tekstil, to manufacture and market fabric R|Elan GreenGold.Apart from manufacturing and marketing this fabric, Kivanc will be the exclusive distributor of Recron...

RIL has true potential to evolve into India’s Amazon or Alibaba: UBS

A week after Reliance Industries (RIL) reported a 8.82 percent rise in consolidated net profit for its third quarter at Rs 10,251 crore, global financial services firm UBS on Thursday said the Mukesh Ambani-led RIL has the true potential...

Reliance Jewels launches premium flagship outlet in Ahmedabad

Reliance Jewels has recently launched its premium showroom at Venus Amadeus, Jodhpur Cross Road in Ahmedabad. Spread over 3,400 square feet, this grand showroom is one of the biggest Reliance Jewels showrooms in the country.This premium showroom has been...

Alok Industries’ majority lenders approve RIL acquisition bid

Majority of lenders of textiles firm Alok Industries have approved Reliance Industries' resolution plan to acquire the debt ridden company.According to a PTI report: The Committee of Creditors (COC) of Alok Industries had earlier rejected RIL's resolution plan submitted...

RIL partners with PROLINE to co-brand sports apparels

Reliance Industries (RIL) on Thursday said that it has entered in a partnership with 'PROLINE' to co-brand a range of sports apparel manufactured using its 'R|Elan' fabrics.As per the deal, 'R|Elan' co-branded 'PROLINE' products will use RIL's 'R|Elan Kooltex'...

Indian men score over women in apparel share: India Business of Fashion Report

Contrary to popular perception about women being on shopping spree, it is the men who hold 41.7 percent share of the Indian apparel market followed by women at 37.5 percent and kids wear at 20.8 percent, according to Indian...
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Digital Icon : Rakesh Bali

Rakesh Bali is at the helm of brand marketing, communications, events, and sustainability-related marcom initiatives for the petrochemicals segment...
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