Page 2 - Reliance Group

Reliance to take over operations of 250 more Future Retail stores: Report

Reliance's move assumes significance as it follows failed efforts since 2020 to close a $3.4-bn deal to acquire the retail assets of Future

Reliance takes over operations of 200 Future Group's stores

Reliance Industries is in the process of transferring 30,000 Future Group employees to its staffing and manpower firm

Scaling down ops to cut losses, says FRL as Reliance takes over its stores

Future Retail on Saturday said long-stop date for deal with Reliance has been extended to September 30, 2022

Reliance to take over 200 Future stores' operations amid Amazon row: Report

The takeover of stores by Reliance signals Future's worsening financial situation as its retail assets sale remains blocked due to legal battles

CCI does not have powers to keep own order in abeyance: Amazon tells NCLAT

The e-commerce major made the submission before the National Company Law Appellate Tribunal (NCLAT), which is hearing its plea against the decision of the Competition Commission of India (CCI)

British retailer Marks & Spencer launches homeware collection in India

British retailer Marks & Spencer on Thursday announced the launch of its homeware collection in India across its select stores and the website, apart from e-commerce channel partners AJIO and Myntra. The company is targeting urban consumers through its homeware collection, said Marks & Spencer Reliance India Managing Director James Munson. Munson added that after the pandemic, people have a new-found connection to their homes. The collection will offer products in beddings, bathrooms, wellness and dining category, according to a statement. "We are targeting urban consumers who are quality connoisseurs and are seeking value for their money. Those who aspire for contemporary and beautiful homes and yet want solutions that are designed to last using materials sourced with care," he said. Marks & Spencer operates through a 51:49 joint venture in the Indian market with Reliance Retail. "After the pandemic, people have a new-found connection to their homes and M&S Homeware .

NCLAT allows RARCL plea to initiate insolvency against Narendra Plastics

The National Company Law Appellate Tribunal on Tuesday set aside an NCLT order that rejected an appeal by Reliance Asset Reconstruction Company Ltd (RARCL) to initiate insolvency proceeding against Narendra Plastics. The NCLAT also directed the NCLT to initiate the insolvency proceedings against the company. A three-member NCLAT bench headed by Chairperson Justice Ashok Bhushan set aside the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) which on August 13, 2021, rejected RARCL's plea to initiate insolvency proceedings. The NCLT had said the RARCL's plea was barred under limitations as it was filed beyond the prescribed limit of three years after default. The tribunal had said the RARCL had filed a petition under section 7 of the Insolvency & Bankruptcy Code on May 8, 2019, while Narendra Plastics' account was declared as NPA on June 30, 2014, which was prima facie filed after more than five years. This was challenged by RARCL, which is registered as

RInfra's subsidiary plea: DMRC provides details of funds in its bank a/c

As per the filing, DMRC has Rs 5,694 crores in its various bank accounts, as against DAMEPL's claim of above Rs 6,208 crores

NCLAT adjourns hearing on Amazon plea seeking stay on CCI order to Feb 25

The two-member Bench expressed difficulty in taking up the matter on Monday, as one of the members was retiring in the next four days

FRL seeks time on loan dues; independent directors accept Reliance's offer

Retailer asks apex court to direct banks on not labelling it NPA

Reliance Industries may reverse feeble stock showing on strong outlook

Major rerating, however, will depend on multiple triggers playing out

Jio Platforms net profit rises 8.8% to Rs 3,795 crore in Dec quarter

The company had posted a net profit of Rs 3,486 crore in the same period a year ago

Building an empire: Reliance joins top league of PE players with bold bets

Spends $5.7 bn on stakes and acquisitions in four years; $9 bn if Future deal cleared

Reliance General Insurance to soon launch nine sandbox approved products

The Reliance General Insurance Company said on Tuesday that it will soon come out with nine sandbox products to meet evolving consumer needs

This Reliance Group stock has surged 62% in 2 weeks, hit over a 11-yr high

Reliance Industrial Infrastructure rallied 19% to Rs 993.50 on the BSE,trading at its highest level since July 2010.

Delay in getting strategic investor a concern for Rel Gen: Brickworks

RGICL faces competition from the private as well as public sector general insurance companies in India

Reliance group firm to acquire 49.1 mn shares of Sterling & Wilson Solar

Reliance New Energy Solar will acquire the shares for over Rs 1,840 crore

Reliance General Insurance Q2 net profit rises 18% to Rs 73 crore

Reliance General Insurance Company Ltd (RGI) on Wednesday reported an 18 per cent rise in net profit at Rs 73.34 crore for the quarter ended September 2021. The insurer had posted a net profit of Rs 62.19 crore in the same quarter a year ago. However, the profit was down sequentially from Rs 75.78 crore in the June 2021 quarter. Total income of the company rose to Rs 199.70 crore during July-September period of FY22, as against Rs 193.22 crore in the year-ago quarter, RGI said in a regulatory filing. Final dividend of Rs 0.04 per equity share for FY21 has been accounted for during the September 2021 quarter, it added. The company further said its board of directors during its meeting on Wednesday noted the resignation, dated September 14, 2021, of Mohan Khandekar as the company secretary and chief compliance officer. He will be serving his notice period, it added.

Amazon vs Future: Relief for Biyani as SC stays proceedings in $3.4 bn deal

Three judge-bench led by CJI asks NCLT, CCI and Sebi not to pass any final order in relation to the dispute for four weeks

Reliance Infra raises Rs 550.56 cr via preferential allotment of securities

Reliance Infrastructure had earlier said the funds would be utilised for long-term resources for general corporate purposes, to fund future growth and also to reduce debt.