Reliance Retail, a unit of Indian oil-to-chemicals conglomerate Reliance Industries, is set to enter the salon business and is in talks to buy a 49% stake in Naturals Salon & Spa, the chief executive of the salon chain said in a social media post on Friday. The existing promoters of Naturals Salon-parent, Groom…
Mukesh Ambani’s Reliance Industries and US giant Amazon have been vying to get an upper hand in one of the world’s fastest-growing retail markets which is India. This is the reason why for more than a year, Amazon.com Inc and Future Group have been locked in a complex legal stand-off that has stalled…
Reliance Retail Ventures Limited (RRVL) on Thursday announced that it has entered into a master franchise agreement with 7-Eleven Inc (SEI) for the launch of 7-Eleven convenience stores in India. It added that the first 7-Eleven store is set to open on Saturday, October 9, 2021, in Andheri East, Mumbai. The retail…
Indian shares hit record highs on Monday, boosted by heavyweight Reliance Industries and firmer Asian markets after a weak US jobs report raised hopes that the Federal Reserve could continue its massive economic support for a longer period. The blue-chip NSE Nifty 50 index was up 0.44 per cent at 17,399.75 by 0346 GMT…
The Supreme Court ruled in favour of e-commerce giant Amazon.com after it had filed a plea against a Rs 24,713 crore deal for the merger of Future Retail Limited (FRL) with Reliance Retail. The top court bench stated that the emergency award is enforceable under Indian laws and upheld the Delhi High Court judgement…
Reliance has never lacked ambition. And its new energy and new materials plan unveiled at its annual general meeting on Thursday, while shocking in its audacity is not lacking in its believability. Executing mega-scale projects efficiently, economically, and swiftly is its core DNA. Over the years, many doubted…
Reliance Industries Limited (RIL) did not cut salaries, bonuses, or any other compensation of its employees throughout the coronavirus pandemic, Nita Ambani, Reliance Foundation’s founder and chairperson, said today. At the 44th Annual General Meeting (AGM) of RIL, Nita Ambani said: “The COVID-19 pandemic…
The 44th Reliance AGM is set to take place on June 24, where the telco giant is expected to release the Jio Phone 5G alongside a few more products. Keeping the expected launch in mind, we decided to detail everything known about this device HIGHLIGHTS Jio Phone 5G could launch on June 24. It may ship with Snapdragon…
The company was expected to launch the device at the AGM 2021, but now a fresh report has suggested that the phone will be launched around October-November this year. HIGHLIGHTS Reliance has been long rumoured to be launching a new JioPhone with 5G support. Reliance will host its 44th annual general meeting (AGM) on…