Reliance Retail: News
04 Nov 2024
Mukesh AmbaniReliance Jio's IPO slated for 2025 with $100 billion valuation
Mukesh Ambani, the head honcho of Reliance Industries, is gearing up for a 2025 initial public offering (IPO) of his telecom venture Reliance Jio.
14 Oct 2024
Reliance IndustriesReliance Retail posts ₹2,836 crore net profit in Q2 FY25
Reliance Retail Ventures (RRVL), the retail arm of Reliance Industries (RIL), has posted a 1.3% year-on-year growth in its consolidated net profit for the second quarter.
08 Oct 2024
JioMartReliance Retail joins quick commerce fray, offers free delivery
Reliance Retail is entering the quick commerce space, giving a tough competition to established players like Zepto, Zomato's Blinkit and Swiggy's Instamart.
07 Sep 2024
Stock MarketReliance-owned stock turns ₹1L into ₹1.1cr in 5 years
The shares of Lotus Chocolate Company have demonstrated the potential of long-term stock market investments.
29 Aug 2024
Mukesh AmbaniReliance becomes first Indian firm to hit ₹10L crore revenue
Reliance Industries Limited (RIL) has set a new record, by becoming the first Indian company to surpass ₹10 lakh crore in annual revenues.
29 Aug 2024
Isha AmbaniReliance Retail to enter luxury jewelry market, reveals Isha Ambani
Reliance Retail, a subsidiary of Reliance Industries Limited (RIL), has announced its foray into the luxury jewelry sector.
08 Aug 2024
JioReliance Industries laid off around 42,000 employees in FY24
Reliance Industries (RIL) reduced its workforce by nearly 11% in FY24, a decrease of around 42,000 employees compared to the previous fiscal year.
04 Jul 2024
Mukesh AmbaniDisrupting fashion market? Reliance to re-launch China's SHEIN in India
Reliance Retail, owned by Mukesh Ambani, is preparing to introduce popular Chinese fast fashion label SHEIN in India.
26 Jun 2024
JioMartReliance Retail enters quick commerce race with 1-hour delivery pilot
Reliance Retail has launched a pilot program for immediate delivery of groceries and fast-moving consumer goods (FMCG) in select areas of Mumbai and Navi Mumbai.
22 Jun 2024
Mukesh AmbaniRIL shareholders approve $4B deal between Reliance Retail, Jio Financial
Shareholders of Reliance Industries have approved a deal between its subsidiaries, Reliance Retail and Jio Financial Services (JFS), valued at $4.3 billion.
29 May 2024
JioMartJioMart launching sub-30-minute delivery service to rival Blinkit and Zepto
Reliance Industries is reportedly preparing to enter the quick commerce market with its subsidiary, JioMart, planning to introduce an under-30-minute delivery service.
24 May 2024
Reliance IndustriesJio Financial Services subsidiary announces $4.32 billion telecom equipment purchase
JioLeasing Services Ltd (JLSL), a Jio Financial Services subsidiary, has unveiled plans to acquire customer premises equipment, and telecom equipment worth $4.32 billion from Reliance Retail.
19 Jan 2024
Reliance IndustriesReliance Industries, Jio, and Retail's Q3 results out: Details here
Reliance Jio, a telecom subsidiary of Mukesh Ambani's Reliance Industries, has announced its results for the quarter ending December 2023.
07 Nov 2023
BusinessReliance Retail expands Smart Bazaar stores in small towns
Reliance Retail, the retail arm of Reliance Industries, is growing its Smart Bazaar stores in small towns throughout India, per The Economic Times.
02 Nov 2023
E-commerceRIL-owned AJIO launches a D2C e-commerce platform called AJIOGRAM
On November 2, AJIO, the e-commerce platform of Reliance Retail, unveiled AJIOGRAM, a direct-to-consumer (D2C) centric e-commerce platform.
06 Oct 2023
Mahendra Singh DhoniJioMart ropes in MS Dhoni as its brand ambassador
Reliance Retail has announced that they have appointed former Indian cricket team captain Mahendra Singh Dhoni as the brand ambassador of JioMart.
25 Sep 2023
StartupsDunzo nears $25-30 million funding boost to keep company afloat
Quick-commerce company Dunzo is poised to secure a crucial $25-30 million cash injection in a funding round involving major investors such as Reliance Retail, Google, and Lightrock.
13 Sep 2023
BusinessReliance Retail eyes whopping $1.5bn investment from Gulf, Singapore funds
Reliance Retail, India's largest retailer led by the country's wealthiest individual, Mukesh Ambani, is currently engaged in discussions with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, reported Reuters.
01 Sep 2023
Mukesh AmbaniMukesh Ambani-backed Reliance Retail Ventures eyes $2.5 billion fundraiser
Reliance Retail Ventures, owned by Mukesh Ambani, is reportedly in advanced talks to raise $2.5 billion by September end, for a possible stock market listing.
28 Aug 2023
Reliance IndustriesReliance's much anticipated AGM starts 2pm today: What to expect
Investors and market observers eagerly await the Reliance Annual General Meeting (AGM) 2023.
25 Aug 2023
BusinessReliance Retail's Gen Z-focused Yousta stores challenge Flipkart's Spoyl
Reliance Retail has introduced Yousta, a new fashion retail format targeting consumers aged 15-25 with affordable prices.
25 Aug 2023
Reliance IndustriesReliance Retail's IPO prep: RIL could sell 8-10% stake
Reliance Industries plans to sell an additional 8-10% stake in Reliance Retail Ventures Limited (RRVL) to fund expansion, repay debt, and prepare for its stock market debut.
23 Aug 2023
QatarQIA acquires 1% stake in Reliance Retail at $100bn valuation
Qatar's sovereign fund, QIA, has announced a $1 billion investment in Reliance Retail.
02 Aug 2023
Reliance IndustriesReliance Retail is worth $112bn; twice as RIL's O2C business
Reliance Retail, the retail subsidiary of Reliance Industries, is now valued at a whopping $112 billion, nearly double the valuation of its oil-to-chemical (O2C) division, as reported by Bernstein.
23 May 2023
JioMartReliance axes over 1,000 JioMart employees; more layoffs to follow
JioMart, the online wholesale arm of Reliance Industries, has fired over 1,000 employees. The move is part of the company's plan to consolidate JioMart's B2B business.
19 Apr 2023
Mukesh AmbaniMukesh Ambani's 66th birthday: A look at his entrepreneurial journey
Mukesh Ambani, the richest man in India and Asia, is celebrating his 66th birthday today. The chairman of Reliance Industries (RIL) was born on April 19, 1957, in Yemen.
10 Apr 2023
Adani GroupReliance, Adani competing to acquire Future Retail: Journey so far
Kishore Biyani-led Future Retail Ltd. is caught in a mountain of debt. The once-successful retailer has now released a provisional list of applicants who are interested in acquiring the debt-ridden flagship company of Future Group.
27 Mar 2023
Reliance IndustriesReliance does a Jio on FMCG: Aggressive pricing, disruptive products
Mukesh Ambani's Reliance is an expert at triggering price wars. What started with the telecom sector has now entered the personal and home care segment of FMCG.
09 Mar 2023
Reliance IndustriesReliance relaunches Campa in India: Is this its next disruptor
Reliance is known for being a market disruptor. The company first disrupted the telecom sector with Jio.
07 Mar 2023
NykaaEverything to know about Tira, Reliance's rival to Nykaa
Reliance Retail's beauty e-commerce platform Tira will be available to customers in the coming weeks. Tira's presence won't be limited to the online space.
09 Oct 2021
Mukesh AmbaniMukesh Ambani enters the elusive $100bn club alongside Bezos, Musk
Asia's richest person Mukesh Ambani has entered the world's most elite wealth club with a fortune of at least $100 billion, joining the likes of Jeff Bezos and Elon Musk.
07 Oct 2021
Mukesh AmbaniReliance Retail set to bring 7-Eleven stores to Indian shores
Indian billionaire businessman Mukesh Ambani's Reliance Retail Ltd. will soon bring 7-Eleven Inc.'s convenience stores to India.
20 Nov 2020
Mukesh AmbaniReliance Retail raises Rs. 47,265cr from sale of 10% stake
Billionaire Mukesh Ambani-led Reliance Industries announced that it has completed the sale of Rs. 47,265cr worth of stake in its retail arm, Reliance Retail Ventures Limited (RRVL), to a group of foreign investors.
15 Nov 2020
FlipkartReliance buys 96% stake in Urban Ladder for Rs. 182cr
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd. (RIL), has acquired a majority stake in online furniture retailer Urban Ladder, the company announced on Sunday.
26 Oct 2020
SingaporeFuture Group, Reliance ignore ruling to hold $3.4bn deal
The Future Group on Monday said that it was examining an order to stall a Rs. 24,713 crore (approximately $3.4 billion) asset sale to Reliance Industries Limited (RIL).
08 Oct 2020
PaytmNewsBytes Briefing: Amazon unhappy with Future Group-Reliance deal, and more
Last night, Amazon expressed discontent over Future Group's deal to sell its businesses to Reliance Retail and issued the former a legal notice.
07 Oct 2020
GoogleNewsBytes Briefing: Apple launching iPhone 12 on October-13, and more
Last night, Apple sent out invites for a 'Hi, Speed' event.
30 Sep 2020
Mukesh AmbaniReliance Retail scores Rs. 3,675cr from General Atlantic: Details here
The retail venture of Mukesh Ambani's Reliance Industries is going all guns blazing to take on Amazon and Walmart in India.
17 Aug 2020
Mukesh AmbaniReliance could buy Milkbasket, Urban Ladder in e-commerce push
As Amazon and Flipkart continue to take long strides in the Indian e-commerce segment, Mukesh Ambani's Reliance Industries is also looking to grow its online footprint.
25 May 2020
Navi MumbaiReliance JioMart now live across 200 Indian cities: Details here
The lockdown enforced to contain the outbreak of COVID-19 has surged the demand for home delivery of essentials, giving a significant boost to the business of e-grocers like Bigbasket and Grofers.
23 Oct 2017
Jammu And KashmirFirst reported case of JioPhone exploding, company calls it sabotage
After selling six million handsets in a matter of days, the JioPhone has now waded into controversy.
16 Oct 2017
DiwaliSecond round of JioPhone bookings to start after Diwali: Reports
Reports have emerged that Reliance Jio will resume bookings for its JioPhone right after Diwali. "Likely from October end or November first week," a Reliance Retail channel partner has said.
22 Aug 2016
IndiaArmy canteens are the most profitable retail chains in India
According to a report published in the Economic Times, India's most profitable retail chain is run by the Indian defence services.
