Page 11 - Reliance Retail

Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos

Business Standard brings to you the top headlines on Saturday

Reliance Retail buys controlling stake in Just Dial for Rs 5.7k crore

Will acquire 25.33% stake via preferential allotment at Rs 1,022.25 a share, another 15.62% from Just Dial founder V S S Mani. It will later make an open offer for 26% as per Sebi rules

Reliance Retail picks up 66.95% stake in Just Dial for Rs 3,497 cr

VSS Mani will continue as MD and CEO of Just Dial; company reported a net loss of Rs 3.5 crore in June quarter

Amid IPO frenzy, Reliance plans public listing of retail, O2C businesses

Depending on the investors' appetite, at least one will be launched in the current financial year, a banker close to the development says

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

Reliance Retail to grow 3x in next 3-5 years, create a million jobs: Ambani

It continues to be among the fastest-growing retailers globally and the company aims to be among the top ten retailers of the world, Ambani said at RIL's annual general meeting

Analysts expect Aramco deal update, ground-breaking products in RIL AGM

In their base case scenario, Jefferies maintains a price target of Rs 2,540 on RIL stock - an upside of around 15 per cent from the current levels

Retail next growth engine for RIL with potential 10x PBT growth: Goldman

After growing 5x over FY16-FY20, RIL's core retail revenue growth has taken a pause in FY21 (April 2020 to March 2021) due to Covid related macro headwinds including lower footfalls

Amazon to Reliance Retail's Ajio, retailers roll out goodies for shoppers

Big discounts, cashback offers, early sales part of strategy

Reliance Retail got sizable revenue in FY21 from digital commerce

The digital commerce and merchant partnerships business has gained significant traction in the wake of Covid-induced disruptions

Reliance Industries rallies 15% in seven days, hits over 7-month high

The stock was up 2.2 per cent at Rs 2,250 on the BSE in intra-day trade on Thursday, trading close to its record high level of Rs 2,368.80 touched on September 16, 2020

Tata Digital buys majority stake worth $1.31 bn in online grocer BigBasket

India's antitrust body had in March approved the acquisition of up to a 64.3% stake in BigBasket by Tata Digital

Mukesh Ambani's Reliance Retail second-fastest growing retailer in world

Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years. It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report. The list is topped by US giant Walmart Inc, which retains its position as world's top retailer. Amazon.com Inc improved its position to rank second. Costco Wholesale Corporation of US slipped a rank to be placed third followed by Schwarz Group of Germany. The top 10 has seven US retailers and one from the UK (Tesco PLC at 10th position). Other US retailers in the top 10 include The Kroger Co (ranked 5th), Walgreens Boots Alliance, Inc (6th) and CVS Health Corporation (ranked 9th). Germany's Aldi Einkauf GmbH & Co. oHG and Aldi International Services GmbH & Co. oHG is placed at 8th position. Reliance Retail is the only Indian entry ..

Most brokerages bullish on RIL despite Q4 miss; here's why

While Mukesh Ambani-led RIL posted a 108 per cent year-on-year (YoY) rise in profit after tax for the fourth quarter of FY21 at Rs 13,227 crore, it fell short of Bloomberg estimates of Rs 13,704 crore

Reliance Retail revenue up 25% in March quarter on strong recovery

Profit for the quarter also surged on the back of strong operational performance

Reliance Industries Q4 net profit more than doubles to Rs 13,227 crore

The oil-to-telecom conglomerate's revenue from operations rose 11 per cent to Rs 1.54 trillion as compared to Rs 1.39 trillion in the year-ago period

Lenders to withdraw debt recast if Future-RIL deal goes through: Report

Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat

Amazon moves SC against HC stay order restraining Future-Reliance deal

Future Retail says it got communication from Amazon that it has filed Special Leave Petition before Supreme Court

Reliance Retail extends deadline to complete Rs 24,713 cr deal with Future

Reliance Retail, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore deal with Biyani-led Future to buy its retail and wholesale business

Reliance Retail's pvt labels revolution spooks global consumer goods makers

Reliance plans to keep expanding and promoting its private labels - even in non-food segments - via its own supermarkets and kiranas