Reliance Industries

India’s Reliance attracts retail arm investors

After attracting an investment of US$20 billion for his digital venture Jio Platforms, Mukesh Ambani, India’s richest man, is now looking to repeat the feat for his retail arm. The latest to sign a check is US private equity group KKR & Co, which will…

India’s Reliance attracts $1 billion in investment

India’s oil-to-telecom conglomerate Reliance Industries, run by India’s richest man Mukesh Ambani, continues to attract global investors amid the Covid-19 pandemic as it looks to pare its debt. After big names such as Facebook and Google signed checks for Reliance’s digital arm Jio Platforms, it…

India’s Reliance acquires retail major

Oil-to-telecom conglomerate Reliance Industries has increased its footprint in the retail space by acquiring Future Retail, the country’s second-biggest brick-and-mortar retailer, for 247 billion rupees (US$3.38 billion). It will also strengthen Reliance’s e-commerce push to take on Amazon and the Walmart-owned Flipkart. The all-cash deal…

India’s Future Group averts bond payment default

Offline retail major Future Group, which has of late come under tremendous financial strain, on Monday finally managed to avert a default by paying 1 billion rupees of interest on its foreign bonds. The interest was paid on the last date of the 30-day grace…

India’s Reliance logs on to online pharma space

India’s online pharma sector is now turning into a battleground for big players, with the US e-commerce giant Amazon and India’s oil-to-telecom conglomerate Reliance Industries throwing their hats into the ring. In the latest development Reliance Industries, owned by India’s richest man Mukesh Ambani, has…

Add to Collection

No Collections

Here you'll find all collections you've created before.

Scroll to Top