reliance retail

Future Retail Wants to Fast Track Deal With Reliance: Writes To SEBI For Clearance!

Tired of being stuck between rock and a hard place, Future Retail wants to fast track their deal with Reliance Retail. The Kishore Biyani owned retail enterprise recently wrote to the Securities and Exchange Board of India aka SEBI to...

Storm the Front: JioMart DAUs in India Top That of BigBasket And Grofers

JioMart has started with a beta test in December 2019. Crept up with an official rollout in the month of May this year. And my word has it traipsed to the top! The juggernaut that is JioMart just keeps on...

Amazon Future Group Dispute Deepens As Singapore Court Turns Down Future Group Plea

The dispute between Amazon and Future Retail is, apparently, far from over anything soon as the Singapore International Arbitration Centre (SIAC) has rejected Future Retail's plea to exclude it from the arbitration proceedings involving Amazon and Future Coupons. This is...

Does CCI Verdict On Reliance Future Group Deal Hints Who Will Have The Last Laugh?

Biyani's Future Group, Ambani's RIL, and Bezos' Amazon have been in a three-way dispute for the past month. This dispute was sparked in October when in a response to a deal between RIL and Future Group, Amazon sought the...

Urban Ladder Acquisition Indicates A Larger Underlying Problem In The Indian Startup Ecosystem: Valuation

The retail giant Reliance Retail gobbled up another startup Urban Ladder by acquiring 96% stake for Rs 182.12 crore, yesterday. But this time it wasn’t a regular run-of-the-mill acquisition. This is neither the first nor the surprise move made by...

Amazon-Reliance Fight Becomes Ugly Now!

Amazon’s spat with the Future Group over the Future-Reliance deal has turned ugly! The global e-commerce behemoth, in a recently sent letter to India’s market regulator SEBI aka Securities and Exchange Board of India, has asked for a detailed investigation on Future...

Reliance Retail Posts Pandemic-Proof Revenue in FY Q2 2021

The latest financial report card for Mukesh Ambani’s Reliance Retail is out, and it turns out his retail empire is pandemic-proof! How? Well, the consolidated revenue of Reliance Retail in fiscal Q2 2021 stood at ₹41,100 crores ($ 5.6 billion),...

Reliance Future Group Deal In The Soup: SIAC Orders To Put The Deal On Hold

When Reliance agreed to acquire Future Group for $3.4 billion, recently, the share of Reliance Industries Limited rallied on the stock market. Today, it came tumbling down by 2% in the wake of news that hints that Reliance and...

Amazon’s Latest Move Could Put Reliance-Future Group Deal In Jeopardy

It seems like Amazon is not at all happy with the Reliance-Future Group deal! The e-commerce giant recently sent a legal notice to the promoters of its Indian retail partner Future Group for entering into the $3.4 billion sale agreement...

Major Investments in Reliance Retail 2020

The above graph represents the major investments in Reliance Retail unit in 2020. Surprisingly, within two months, Reliance Retail Ventures Limited (RRVL), the subsidiary of Reliance Industries Limited, has raised a total of Rs 47,265 crore from 8 global...

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The New Crypto Tax in India: An Attempt To Discourage Cryptocurrency Enthusiasts?

Crypto tax in India could soon become a reality. In the coming days, crypto traders in India may end...