Reliance Group

Future Retail denies Amazon charges of facilitating 'fraudulent stratagem'

FRL says it has already made necessary disclosures on termination of leases, and has provided related updates

Reliance to acquire several brands in over Rs 50,000 cr consumer goods play

Reliance, run by Indian billionaire Mukesh Ambani, plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months

Top headlines: RIL profits surge, L&T Infotech-Mindtree merger, and more

Business Standard brings you the top headlines on Saturday

Future group firms complete shareholders, creditors meet over Reliance deal

Several listed Future group firms have completed meetings of their respective shareholders and creditors to approve the Rs 24,713 crore deal to sell their assets to Reliance Retail Ventures Ltd

Reliance Industrial Infrastructure profit drops 65% in March quarter

The company had posted a consolidated profit of Rs 3 crore in the year-ago period, Reliance Industrial Infrastructure Ltd (RIIL) said in a filing to BSE

Amazon, Reliance, Sony vying for IPL broadcast rights: Report

The auction will allow the winner or winners to globally telecast matches of India's top cricket league between 2023 and 2027 via live streaming and TV broadcast

Reliance sets up free EV charging infra for employees in Mumbai campus

The charging station set up by Jio-bp - the company's fuel retailing joint venture with British energy giant bp - is in line with the firm's promise to achieve net carbon neutrality

Adani Group wins big in FY22 with 88% surge in market capitalisation

The big three groups - Tatas, Mukesh Ambani-led conglomerate, and Adani Group - raise their share

Reliance Group in letter defends its takeover of Future Retail stores

Reliance, has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million compelled it to act beyond expectations, a letter shows

Cricket Australia exploring broadcasting partnership with Reliance Viacom

The meeting is crucial as Reliance Viacom is likely to launch their Sports Channel in the next month

Four firms selected for Rs 18,000 crore PLI scheme for ACC battery

Four companies have been selected to receive incentives under the government's Rs 18,100 crore PLI scheme for Advanced Chemistry Cell (ACC) battery storage, the government said

Vedantu appoints former Reliance, Google executive as chief growth officer

Rungta is a seasoned leader with strong management experience across consumer internet, technology, and SaaS organisations

Banks to start debt recovery proceedings against Future Retail: Report

Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer's stores

Top Headlines: Fed signals more hikes; India may import cheap Russian oil

The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year

Future Retail to take steps needed to get back stores from Reliance Group

FR: says its board has strongly objected to such action by RIL and has also put a notice to it to reconsider all other action initiated over the past few days

Bad news for Amazon as Ambani's RIL seizes the future of retail in India

In the end, Mukesh Ambani settled the dispute over who gets to own the assets of beleaguered Future Retail not in an arbitration tribunal in Singapore, or in a Delhi courtroom, but in a shopping aisle

Termination notice to 947 Future Group stores from Reliance

Future Group now has about 550 stores of around 1,500, a company official said

'Shops are gone': How Reliance stunned Amazon in battle for Future Retail

At a large Future Retail supermarket in Mumbai last week, workers were unloading hundreds of bright blue grocery crates belonging to India's biggest retailer Reliance

FRL-Reliance merger: SC defers hearing on Amazon's plea for 10 days

A bench headed by Chief Justice N V Ramana took note of the submissions of senior advocate Gopal Subramanium, appearing for Amazon, that there be no order from the Delhi High Court

Reliance Retail invests in Abraham & Thakore for majority stake

Billionaire Mukesh Ambani's Reliance group on Tuesday said its retail arm has invested in luxury fashion house Abraham & Thakore for an undisclosed majority stake, strengthening the line of lifestyle brands under its umbrella. "Reliance Retail Ventures Ltd, a subsidiary of BSE-listed Reliance Industries Ltd and the holding company of all retail companies within the group, has invested in Abraham & Thakore Exports Pvt Ltd for a majority stake," the firm said in a statement. Reliance Retail Ventures Ltd (RRVL) will leverage its subsidiary Reliance Brands Ltd's deep understanding of the affluent Indian customer and their heft across digital, retail operations, marketing, and supply chain platforms, to build brand Abraham & Thakore's global appeal in the fashion and lifestyle category. Launched in 1992 by David Abraham and Rakesh Thakore, they were soon joined by Kevin Nigli, who famously became the '&' in Abraham & Thakore (A&T). A&T unlocked the potential and