KKR is in discussions for a stake in Reliance Retail Ventures Ltd., a unit of the largest retailer in India, said the people, who asked not to be identified because the information isn't public
The investment in Reliance Retail comes a day after it led a $500 million funding round for Byju's that valued the Indian online education platform at around $10.8 billion
Arvind Pani's firm is the first in the world to launch an Indian language support on Android platform in 2011 in partnership with Qualcomm
These phones, which will be bundled with data packs, could be launched in December or early next year, sources in the know said
Reliance, an oil-to-telecoms conglomerate controlled by India's richest man, Mukesh Ambani, is pitching its retail business as a formidable force
The list covers five sectors including finance, technology, health, government/politics and media/entertainment
Family-owned businesses outdo peers in returns since 2006, suggests a Credit Suisse report
Future would be one of the top contract manufacturers in FMCG, fashion space but with wafer-thin margin
Praveen Khandelwal, secretary general of Confederation of All India Traders said the deal will lead to monopoly and consequently unfair domination by the large player(s)
Shares of RIL had hit an all-time high of Rs 2,198.70 on July 27, 2020.
Mukesh Ambani, despite being a later starter in the Retail Business, is today the undisputed emperor.
Rival Reliance Retail too will be investor in company
The financial instruments of Future group have gone through multiple rating downgrades in recent months due to the delay in payments
Gets scale, massive presence, higher valuation of its retail business, and inherits the entire logistics and distribution chain
Biyani (59), who started his business in 1987 by launching Manz Wear which later adopted the brand name of Pantaloon, has agreed to hand over the control of his retail empire to relatively new entrant
This week marked just the latest boon for the personal fortunes of the richest of the rich, whose red-hot growth has been largely driven by surging markets, particularly for tech shares
Robust omni-channel network in the offing, says Reliance Retail's FY20 annual report
Musk extends an extraordinary stretch of wealth gains to become a centibillionaire
The promoters had decided to keep their salaries at the current level three years ago.
Just as opening up the economy in the 1990s was a windfall for the current generation of middle-class Indians, excessive economic concentration will be a headache for the next