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The Latest Breaking News from Reliance Retail

5G rollout by Diwali, Qualcomm partnership: Key points from Reliance Industries' AGM

NEW DELHI: Reliance Industries on Monday conducted its 45th annual general meeting (AGM). This is the 3rd time when RIL conducted its AGM virtually.

The Times of India

Reliance to enter FMCG business this year, partner 1 crore merchants in 5 years

NEW DELHI: The country's largest retailer Reliance Industries on Monday announced that it will enter the fast-moving consumer goods (FMCG) business this year as part of its expansion plan.

The Times of India

Reliance Retail Q4 pre-tax profit rises to Rs 3,705 crore; FY22 gross revenue touches nearly Rs 2 lakh crore

NEW DELHI: Reliance Retail Ltd on Friday posted a 2.43 per cent rise in pre-tax profit at Rs 3,705 crore for the fourth quarter ended March 2022 and its gross revenue for the full fiscal jumped to nearly Rs 2 lakh crore.

The Times of India

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Boots could be taken over by eighth richest man on earth as Mukesh Ambani in rumoured bid

He's believed to be teaming up with a US giant

Nottingham Post

Eighth richest man on earth Mukesh Ambani rumoured to be planning joint takeover of Boots

Boots CEO Seb James stressed this month there was 'a lot of interest' in business amid fears £7bn sale had stalled

Birmingham Post

FRL shareholders' e-voting ends; EGM for shareholders, creditors to be held on April 20, 21

NEW DELHI: The electronic voting process for shareholders of the debt-ridden Future Retail Ltd (FRL) ended on Tuesday evening ahead of the meetings of the shareholders and creditors to approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail despite opposition from e-commerce major Amazon and…

The Times of India

Future Retail claims shareholders' meet for Reliance deal is legal, in response to Amazon's allegations

NEW DELHI: Big Bazaar-parent Future Retail (FRL) on Friday said the meetings of its shareholders and creditors that are scheduled to be held on April 20 and 21 for the approval of its proposed deal with Reliance Retail are “legal” and conform to the directions issued by the National Company…

The Times of India

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Future Retail's shareholders' meet to approve Reliance deal is 'illegal': Amazon

NEW DELHI: Amazon has written to Big Bazaar-parent Future Retail alleging that the upcoming meetings of its shareholders and creditors for the approval of the retailer’s proposed Rs 24,700-crore deal with Reliance Retail is “illegal”.

The Times of India

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assets

NEW DELHI: The Supreme Court on Friday asked whether it can pass any interim order on a plea of Amazon that Future Retail's assets including 'Big Bazaar shops' not be alienated till the dispute over it's merger with Reliance Retail is decided by the arbitral tribunal.

The Times of India

Future Retail CEO Sadashiv Nayak resigns after 7 months of his appointment

NEW DELHI: Debt-ridden Future Retail Ltd's CEO Sadashiv Nayak has resigned from the post seven months after his appointment, according to a filing.

The Times of India

Amazon seeks SC order for resumption of arbitration & preservation of FRL assets

NEW DELHI: US e-commerce major Amazon Wednesday apprehended the “disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL's merger deal with Reliance Retail.

The Times of India

Reliance Brands acquires majority stake in Abraham & Thakore

Reliance Retail Ventures Ltd, the retail arm of the Mukesh Ambani-led conglomerate RIL, announced an investment in 30-year-old designer brand Abraham Thakore (AT) for a majority stake.

The Times of India

Reliance Retail invests in Abraham & Thakore for majority stake

NEW DELHI: 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.

The Times of India

Supreme Court permits FRL to approach Delhi HC with plea related to merger with Reliance Retail

“We grant liberty to FRL to approach the Delhi High Court for seeking continuation of proceedings before the NCLT...We request the single judge [of the high court] to pass orders,” the Bench said

The Hindu

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The Times of India

Let Reliance, Amazon bid for Future Retail: Banks to SC

NEW DELHI: Pushing for ownership over the litigation mired assets of Future Retail owned by beleaguered Biyani group, a consortium of 27 banks on Thursday told the Supreme Court that the best way out of the present mess is to ask both Reliance Retail and Amazon to make open competitive…

Dynamite News

Amazon-Future case: SC remands dispute back to HC for fresh consideration

In a relief to the Future group, the Supreme Court on Tuesday set aside the previous orders of the Delhi High Court refusing to stay arbitration tribunal decision restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,731 crore merger deal with Reliance Retail.

The Hindu

SC remands Amazon-Future dispute to Delhi HC for fresh consideration on merits

Amazon has been opposing the Future group decision to go ahead with the ₹24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail.

The Hindu

SC to pronounce verdict on pleas of Future group firms in Amazon-Future case

The bench had reserved the judgement and had said that it wanted to send the case back to the Delhi HC to render a finding on the enforceability of the SIAC award restraining FRL's sale of assets to Reliance Retail

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The Times of India

Reliance Retail buys 54% stake in Addverb Tech for $132 million

NEW DELHI: Mukesh Ambani led Reliance Retail has acquired a 54 per cent stake in domestic robotics company Addverb for $132 million (about Rs 983 crore), a senior official of the robotic firm said Tuesday.

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