Page 5 - Reliance Retail

Reliance Retail will launch FMCG business this year: Isha Ambani at RIL AGM

Business Standard accessed a presentation, which includes the brands it has taken to general trade

Reliance to enter FMCG business this year, partner 10 mn merchants in 5 yrs

Reliance Retail will launch its FMCG business this year, Reliance Retail Ventures Ltd Director Isha Ambani said on Monday. The objective of this business will be to develop and deliver products and solve every Indian's daily needs, with high quality products at affordable pricing, she said while addressing Reliance Industries' annual general meeting. "This year, we will launch our FMCG goods business," she said. Besides, Reliance Retail will start marketing goods produced by Indian artisans. "As part of our commitment to India's rich culture and heritage, we will soon start marketing quality goods produced by tribals and other marginalised communities across India," Isha Ambani said. This will not only provide a gainful opportunity for employment and entrepreneurship but also help to preserve the talent, skill sets and knowledge base of the Indian artisans, especially women. Reliance Retail Ventures Ltd (RRVL) is the holding company of all the retail companies under the Reliance

Retail to Isha, new energy to Anant: RIL chairman details succession plan

Billionaire Mukesh Ambani on Monday introduced daughter Isha as leader of his conglomerate's retail business as he details succession planning at India's most valuable firm. Ambani had previously named son Akash as chairman of the group's telecom arm, Reliance Jio. At Reliance Industries Ltd's 45th annual shareholders meeting, Ambani introduced Isha as leader of retail business as he invited her to speak on integrating WhatsApp with the retail business. Isha, 30, gave a presentation on placing online grocery orders using WhatsApp and making payments. Ambani, 65, has three children twins Akash and Isha and youngest son Anant. Isha is married to Anand Piramal, son of Piramal Group's Ajay and Swati Piramal. Reliance has three broad businesses - oil refining and petrochemicals, retail and digital services that include telecom. While retail and digital services are housed in separate wholly-owned subsidiaries, the oil-to-chemical or O2C business is a functional division of Reliance.

RIL's initial bid for Metro Cash & Carry India at Rs 5,600 crore: Report

Thailand's CP Group has placed a bid of about Rs 8,000 crore, or $1 billion, to acquire Metro Cash & Carry India

RIL AGM 2022: Ambani to unveil 5G phone, spell out new, bigger energy plans

On 5G, RIL may provide a timeline on rollout of its 5G services in 13 cities; Analysts believe the firm may revive plans for an O2C demerger which was shelved last year

Reliance Retail enters general trade with its own FMCG grocery brands

In the non-foods space, it has entered the personal care and home care business

Dunzo Daily to increase delivery time and reduce distance: Report

Company backed by Reliance Retail won't expand to new cities after burning more than Rs 100 cr in the last quarter

Changing customer behaviour helps establish new age e-commerce models

New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come

Reliance Industries increases related-party disclosures in FY22 report

Transaction details between RIL and its telecom, retail subsidiaries a positive: Analysts

Reliance Retail made investments to the tune of Rs 30,000 crore in FY22

The country's largest retailer made the investment in its retail business in organic growth, acquisitions and strategic partnerships

Lifestyle & grocery retailers reverse FY21 trend, hire over 180,000 people

The total number of employees in eight of the top retailers in India went up 57 per cent to 4,90,000 in FY22, with Reliance Retail hiring the most number of people at 1,61,000

Reliance Retail net profit rises 114.2% to Rs 2,061 cr in June quarter

Reliance Retail added 79 warehousing and fulfilment locations in Q1, measuring 3.3 million sq ft of space during the quarter

TMSEp211: SpiceJet, Reliance Retail, estimated IT earnings, forex reserve

Can the SpiceJet incident be brushed aside as a blip? What is Reliance Retail's growth strategy? How will TCS Q1 results set the stage for IT earnings? What is a forex reserve? All answers here

What is behind reliance retail's expansion spree?

Reliance recently partnered with GAP to bring the luxury brand to India. Reliance has also brought home some 35 international brands. Let's explore the growth strategy of Reliance Retail.

US Fashion brand Gap returns to India, signs deal with Reliance Retail

Reliance Retail will be the official retailer for Gap in India, mixing exclusive stores and digital commerce platforms.

Reliance Retail partners with Gap Inc. to bring Gap to India

Reliance Retail will introduce Gap's latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms

Valuation hurdle stiff for DMart despite 26% correction since January

Store additions strong while same store sales declined in Q1

All in the family

Succession planning in India Inc remains a clannish exercise

Top Headlines: Maha CM resigns, generational change in India Inc, and more

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Mukesh Ambani's daughter Isha set to be named chairperson of retail unit

An announcement of Isha Ambani's elevation could come as early as Wednesday, according to people with knowledge of the matter, who asked not to be identified ahead of a formal statement