Reliance Retail Ventures (RRVL) announced on Monday that the global investment firm KKR, through an affiliate, will invest Rs 2,069.50 crore into RRVL, a subsidiary of Reliance Industries Limited. This investment values RRVL at a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in […]
The central government has sold 1.66 lakh metric tonne (LMT) wheat and 0.17 LMT rice through the Open Market Sale Scheme (D) in an e-auction held on 06 September 2023. The Ministry of Consumer Affairs, Food and Public Distribution in a statement said that a quantity of 2.0 LMT wheat from 500 depots and 4.89 […]
Jio Platforms, a subsidiary of Reliance Industries, has joined forces with NVIDIA, a global leader in AI computing, to unveil an Artificial Intelligence cloud infrastructure to revolutionise India’s AI landscape. According to a media release by Jio Platforms, this collaboration is set to accelerate India’s progress in artificial intelligence, supporting the nation’s competitiveness and addressing […]
Uniqlo, the largest clothing brand in Asia, has reported a 69 per cent increase in sales, with its Indian unit nearly tripling its net profit for the fiscal year ending in March 2023. According to their latest filing with the Registrar of Companies, the Japanese brand achieved a net profit of Rs 68.38 crore, with […]
As Jio turns seven, the telecom company has come up with some additional benefits for its users in a few select tariff plans. For Rs 299 and Rs 749 Jio plans, users will get additional data to the tune of 7 GB and 14 GB, respectively as special benefits. For Rs 2,999, users will be […]
Galaxy High Street, a shopping and lifestyle destination in Vapi, Gujarat, announced the opening of The Body Shop’s first store in the project. The highly anticipated store is set to offer an exceptional range of ethical and sustainable beauty and skincare products to the discerning residents of Vapi, Valsad, Daman & Silvassa. “We extend a […]
IT major HP is reportedly in talks for its application for the Production Linked Incentive Scheme 2.0 (PLI 2.0) which was recently revised by the Centre and has been receiving excellent response since then. HP’s PLI 2.0 participation was highlighted by a media report on Thursday which said the company is aiming to expand its […]
Reliance Industries Chairman and Managing Director Mukesh Ambani on Monday announced that the company will launch Jio AirFiber this Ganesh Chaturthi (19 September). He was addressing its 46th Annual General Meeting of Reliance Industries. Reliance aims to tap the untapped segment with an addressable market of over 200 million Indian homes. What is Jio AirFiber: […]
Shoppers Stop’s Managing Director and Chief Executive Officer (CEO), Venugopal G. Nair, has submitted his resignation, effective from the close of business hours on 31 August 2023, citing personal reasons. The company officially announced his departure on Thursday. The board of directors has accepted Nair’s resignation, acknowledging his desire to dedicate more time to his […]
Reliance Industries on Thursday announced that it has entered into an understanding with The Oberoi Hotels and Resorts (Oberoi) to jointly manage three properties across India and the UK. The trio of properties includes the upcoming Anant Vilas Hotel situated in Mumbai’s Bandra Kurla Complex (BKC), the iconic Stoke Park in the UK, and another […]
