Thursday, 18 August, 2022
TopicReliance Retail

Topic: Reliance Retail

Mukesh Ambani’s daughter Isha Ambani to be named chair of Reliance retail

Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.

SC allows Future Retail to approach Delhi HC with plea for merger with Reliance Retail

The apex court bench said the high court should consider the plea of Future Retail on the issue without being influenced by the observations made in its order.

SC reserves verdict on Amazon’s pleas against Future Retail-Reliance deal

Amazon has sought in the Supreme Court that Singapore’s Emergency Arbitrator award that restrained Future Retail from going ahead with the merger was valid & enforceable.

Amazon or Big Bazaar, Indians want low prices. Online retail must be a level-playing field

India’s e-commerce rules single out foreign-owned online platforms like Amazon and Flipkart. But the domestic online and offline retailers follow similar marketing tactics.

Delhi HC seeks Amazon reply on Future Retail plea against interference in Reliance deal

Kishore Biyani-led Future Retail Ltd alleged that the e-commerce giant was interfering in its deal with Reliance Retail on the basis of an interim order passed by a Singapore arbitrator.

Saudi Arabia’s PIF invests Rs 95.55 billion in Reliance Retail

Saudi's Public Investment Fund, a sovereign wealth fund, will pick a 2.04% stake in Mukesh Ambani's Reliance Retail and will be its third investment in the conglomerate.

It’s pouring investors for Mukesh Ambani as UAE’s ADIA buys Reliance Retail stake for $750 mn

With the latest investment, Reliance Retail has raised 377.1 billion rupees from global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG & ADIA in less than 4 weeks.

With Rs 3,680 crore investment, it’s General Atlantic’s turn now to bet on Reliance Retail

Private equity firm General Atlantic will hold a 0.84% stake in Reliance Retail Ventures Ltd., according to an exchange filing Wednesday.

Reliance Retail gets $1 billion from Silver Lake for 1.75% stake

Reliance announced on 9 Sept that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal.

Investors continue to flock Mukesh Ambani, now KKR to invest $754 million in Reliance Retail

US private equity group KKR will hold a 1.28% stake in Mukesh Ambani’s Reliance Retail, valuing India’s biggest retailer at Rs 4.2 lakh crore or $57 billion.

On Camera

YourTurn

Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

HAL signed an MoU for opening an office in Kuala Lumpur | Twitter

Hindustan Aeronautics Limited to open first overseas marketing office in Malaysia for LCA Tejas

HAL is tapping new business opportunities for Light Combat Aircraft Tejas as well as servicing of Su-30 aircraft and Hawk trainer aircraft for the Royal Malaysian Air Force.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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