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Ambani’s FMCG Brand Independence To Take On ITC, Patanjali, Tata And Adani

Mukesh Ambani-led Reliance Consumer Products (RCPL) is set to take on the likes of FMCG food brands including ITC, Tata Consumer Products, Adani Wilmar and Patanjali.   RCPL, the newly formed FMCG arm of Reliance Retail Ventures (RRVL), offers staples, processed foods, beverages and other daily essentials under the newly launched brand Independence.   On […]

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Citi, Revlon Lenders Strike Deal Over $500 Mn Accidental Payment

Ending litigation of more than two years, Citigroup Inc has arrived at an agreement with all 10 Revlon Inc lenders that it has mistakenly paid about $500 million on a loan. As Revlon’s loan agent, Citigroup accidentally used its own money in August 2020 to prematurely pay off an $894 million loan owed by billionaire […]

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