Once regarded as cheap me-too products, the lockdown has changed how customers engage with private labels. Will the trend outlast the pandemic?
"The current crisis is demonstrating the adaptability and durability of Amazon's business as never before, but it's also the hardest time we have ever faced," said Jeff Bezos, Amazon founder and CEO.
Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders
Its revenues for FY20 grew by 24.8 per cent on a yearly basis to Rs 62,936 crore. Ebitda for FY20 grew by 56 per cent y-o-y to Rs 9,654 crore.
Jio Platforms, Reliance Retail and WhatsApp also enter into a commercial partnership agreement
The biggest lesson in the situation is redefining the hygiene of the shopping environment, which will now be an ongoing exercise, says Big Bazaar CEO Sadashiv Nayak
RRVL will acquire 7,86,191 equity shares representing 100 per cent of the equity share capital of SKDS
Deloitte ranked 250 firms globally in its annual report based on their revenues for FY2018. The Indian retail major secured the 56th spot this year against the 94th rank the previous year
Billionaire Mukesh Ambani's Reliance Industries is India's answer to US giants Exxon, AT&T and Amazon - all rolled into one, Bernstein Research said on Tuesday. "Reliance has disrupted the energy and telecoms industry in India and is on the cusp of doing the same to retail, fintech, and media," it said in a report adding the company has an enviable track record of innovation and execution. For the oil-to-telecom conglomerate, energy remains core business and is expected to further expand as India is forecast to be the fastest-growing market for fuel and chemical products over the next decade, it said adding the company's partnership with BP of the UK and Saudi Aramco will support this. Reliance owns the world's largest single-site oil refining complex and has multiple petrochemical plants. Three years back it forayed into telecom business and has reached 34 per cent share of market revenue. "Based on the current net add run-rates it will likely reach 44 per cent share by the end ..
Firm's revenue grew 27.4 per cent YoY during the quarter to touch Rs 45,327 cr
RIL's net profit for October-December 2019 increased by 13.5 per cent to Rs 11,640 crore, beating street estimates
Listen to the podcast to know how Reliance is all set to take on Amazon and Flipkart with its online food and grocery selling venture, JioMart
Lower-than-expected valuation for the swap and the dashing of hopes of listing gains are said to have weighed on sentiment, according to unlisted share dealers
The valuations of Reliance Retail have been arrived at using both discounted cash flow method as well as market capitalisation of comparable companies in the listed space
From Reliance Retail's valuation to GoAir's 'operational challenges', here are today's top headlines
Reliance Retail runs India's largest chain of neighborhood supermarket stores and consumer electronics stores
FMCG firm says rural slowdown sharp; RIL arm claims growth continues
This is the second straight quarter that Reliance Retail's Ebitda has crossed Rs 2,000 crore
Talks began after Reliance's negotiations with China's Alibaba Group to sell a stake in the retail entity fell through due to differences over valuation
Reliance Brands hopes to take the 88-store network of Hamleys to around 200 in the next two to three years in India