Friday, May 20, 2022
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Reliance Retail

Reliance Brands Limited Signs Franchise Agreement With Italian Luxury Shoemaker Tod’s

Reliance Brands Limited Signs Franchise Agreement With Italian Luxury Shoemaker Tod’s

RBL is the official retailer of the brand across all categories, including footwear, handbags, and accessories in the Indian market said a joint statement.

09 May 2022
Reliance Industries Profit Rises 22% To Rs 16,203 Crore In Q4 On Strong Oil-To-Chemicals Business

Reliance Industries Profit Rises 22% To Rs 16,203 Crore In Q4 On Strong Oil-To-Chemicals Business

Revenue for oil-to-chemicals business for the last quarter of previous financial year increased by 44.2 per cent year-on-year (Y-o-Y) to Rs 1,45,786 crore

06 May 2022

NCLT Gives Future Retail Time Till May 12 To File Reply On Insolvency Plea

Last week, the Bank of India moved the tribunal seeking to initiate insolvency resolution proceedings against FRL, which has defaulted on loan repayments.

Future Retail Secured Creditors Rejects Deal With Reliance Retail

Future Retail Secured Creditors Rejects Deal With Reliance Retail

While more than 75 per cent of shareholders and unsecured creditors supported the deal, FRL did not get the requisite 75 per cent favourable voting from...

22 April 2022

Reliance Industries Acquires 51% Stake In Fashion Brand Abu Jani Sandeep Khosla

Over the past few years, Reliance has up its game in the fashion retail sector through its flagship brands like Reliance Trends, and AJIO. 

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20 April 2022
SBI Seeks Accountability Of Future Group Over Retail Stores Takeover By Reliance: Report

SBI Seeks Accountability Of Future Group Over Retail Stores Takeover By Reliance: Report

The lender groups said that Future Group knew about its stores being taken over by Mukesh Ambani's Reliance Retail and did not provide any clear answers over...


01 April 2022
Future Retail Ltd Defaults On Repayment Of Rs 5,322 Crore Debt

Future Retail Ltd Defaults On Repayment Of Rs 5,322 Crore Debt

Last year, FRL had entered into a One Time Restructuring (OTR) scheme for COVID-hit companies with a consortium of banks and was under obligation to raise Rs...


21 March 2022
Reliance Retail Invests Rs 950 Crore In Lingerie Retailer Clovia, Acquires 89% Stake

Reliance Retail Invests Rs 950 Crore In Lingerie Retailer Clovia, Acquires 89% Stake

RRVL has acquired an 89 per cent equity stake in Purple Panda Fashions Pvt Ltd, which owns and operates the Clovia business, through a combination of secondary...


20 March 2022
Future Group Firms To Convene Shareholder, Creditors Meeting In April

Future Group Firms To Convene Shareholder, Creditors Meeting In April

Listed entities, including Future Enterprises Ltd, Future Retail Ltd, Future Consumer Ltd and Future Supply Chain, informed exchanges about dates and other...


17 March 2022
Amazon Seeks SC Order For Resumption Of Arbitration & Preservation Of FRL Assets

Amazon Seeks SC Order For Resumption Of Arbitration & Preservation Of FRL Assets

Amazon and Future group are engaged in multi-forum litigations on the issue of FRL’s merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd...


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16 March 2022
Talks With Future Group Failed: Amazon Tells SC

Talks With Future Group Failed: Amazon Tells SC

A bench headed by Chief Justice N V Ramana, on March 3, had acceded to Amazon's request and granted 10 days to it for exploring the possibility of resolving...


15 March 2022
Amazon Accuses Future Retail Of Fraud In Newspaper Advertisements

Amazon Accuses Future Retail Of Fraud In Newspaper Advertisements

Amazon has been engaged in several legal tussles with Future Retail and Reliance Group. The company has also been contesting Future Retail’s $3.8 billion...


14 March 2022
Reliance To Buy Assets Of Battery Firm Lithium Werks For $61 Million

Reliance To Buy Assets Of Battery Firm Lithium Werks For $61 Million

 The assets include the entire patent portfolio of Lithium Werks, manufacturing facility in China, key business contracts, and hiring of existing employees as...


10 March 2022
Reliance Terminates Lease For 835 Stores: Future Retail

Reliance Terminates Lease For 835 Stores: Future Retail

In stock exchange filings, the Kishore Biyani-led Future Group firms said they have been served notices to terminate the lease of 835 Future Retail stores and...


03 March 2022
Amazon Plans To File Criminal Case Against Future Over Store Transfers: Report

Amazon Plans To File Criminal Case Against Future Over Store Transfers: Report

Amazon and Future Group dispute Future's $3.4 billion sale of assets to Reliance Industries


01 March 2022
Reliance Retail Invests In Abraham & Thakore For Majority Stake

Reliance Retail Invests In Abraham & Thakore For Majority Stake

Reliance group said its retail arm has invested in luxury fashion house Abraham & Thakore for an undisclosed majority stake


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27 February 2022
Reliance Retail: King Of Indian Retail

Reliance Retail: King Of Indian Retail

Its revenue has grown 5x in the last five years. Core retail revenue of $18 billion is greater than competitors combined.


26 February 2022
Reliance Takes Control Of Future Retail Stores, Offers Jobs To Employees

Reliance Takes Control Of Future Retail Stores, Offers Jobs To Employees

Reliance Retail has started to take possession of the premises in which Future Retail is operating its stores such as Big Bazaar and replaced them with its...


15 February 2022
InMobi's Roposo To Enter Business Deal With Reliance Retail

InMobi's Roposo To Enter Business Deal With Reliance Retail

SoftBank-backed InMobi's co-founder and CEO Naveen Tewari said that the company is looking to reach 1 billion users in the next 2-3 years by building various...


01 February 2022
Amazon-Future Case: SC Sets Aside Delhi HC Orders, Remands Cases Back For Fresh Decision

Amazon-Future Case: SC Sets Aside Delhi HC Orders, Remands Cases Back For Fresh Decision

The March 18 order of the high court, upholding the EA’s award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.


21 January 2022
Reliance Industries Net Profit Jumps 41.5% At Rs 18,549 Crore In December Quarter

Reliance Industries Net Profit Jumps 41.5% At Rs 18,549 Crore In December Quarter

The company’s consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 30 per cent at Rs 33,886 crore in the December...


18 January 2022
Reliance Retail Buys 54% Stake In Addverb Tech, Becomes Largest Shareholder

Reliance Retail Buys 54% Stake In Addverb Tech, Becomes Largest Shareholder

Addverb Tech will continue to operate independently and will use the funds received from Reliance to expand business overseas as well as set up one of the...


17 December 2021
CCI Suspends Amazon's 2019 Deal With Future

CCI Suspends Amazon's 2019 Deal With Future

Reuters reports that the North American e-commerce retailer had made false and incorrect statements and suppressed the actual scope.


27 October 2021
Future Retail Moves Delhi High Court Seeking Relief From SIAC Stay

Future Retail Moves Delhi High Court Seeking Relief From SIAC Stay

In its filing to BSE, Future Retail said that the company is seeking relief from the Delhi High Court to stay and set aside the 'impugned order' of the SIAC.


22 October 2021
Reliance Industries' Net Profit Increases 43 Per Cent At Rs 13,680 Crore In Q2

Reliance Industries' Net Profit Increases 43 Per Cent At Rs 13,680 Crore In Q2

The company's gross revenue rose 49 per cent at Rs 1.91 lakh crore. The rise in crude oil prices and better realisation helped the old-economy business whereas...


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