Reliance had denied previous reports that it was in talks to buy all or part of Debenhams. Multiple parties remained interested in the firm, according to paper
This follows a dispute over the Future's sale of its retail and wholesale businesses to Reliance Industries Ltd (RIL)
From retailers adding new stores in pandemic to the crisis at Lakshi Vilas Bnak, here are top headlines this morning
Half of the nation's 100 richest saw gains rising a collective 14% to $517.5 billion, says Forbes
While it took 25 years for the Indian telecom industry to build its 2G network, Jio built its 4G network in only three years.
From Lakhsmi Vilas Bank getting non-binding offer from Clix to India's richest getting richer amid lockdown, Business Standard brings you the top headlines of the day
With a global health crisis raging, listed pharma entrepreneurs fared well while those with interests in real estate suffered
While Mukesh Ambani added $37.3 bn to his fortune, Gautam Adani retained the second spot on the list by boosting his net worth 61 per cent to $25.2 billion
Amazon, in its legal notice, cited a contract arrangement that included "a restricted list" of companies Future was not supposed to enter deals with, according to the report
With eight deals in four weeks, analysts were expecting the valuation of the firm to touch at least Rs 4.5 trillion
Analysts expect in the coming years, the Indian rich list to be dominated by new age companies as the Corona pandemic has made adoption of latest, cutting age technology inevitable
Speaking at RAISE 2020 summit, Ambani said the time is ripe, and the tools ready to make India a world leader in AI and to make AI work for all Indians
RIL Chairman Mukesh Ambani said that the time is ripe for India to become a world leader in artificial intelligence (AI) and the tools are also ready to make the country lead globally in the field
The rise to riches of Sanjeev Bikhchandani and Ajay Banga--'ordinary professionals', with "good education'--should be true inspiration.
GIC will invest Rs 5,512 crore for a 1.22% stake, while TPG Capital will invest Rs 1,838 crore to own a 0.41% equity stake in the retail arm
This investment values Reliance Retail at a pre-money equity value of Rs 4.285 trillion
GIC's investment will translate into a 1.22% equity stake in Reliance Retail on a fully diluted basis.
Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's upcoming retail behemoth
Strategic investor to be inducted later; General Atlantic becomes third PE firm to infuse funds
This is the second such investment by General Atlantic in a Reliance venture following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year