Reliance Industries Ltd. has dismissed a report that it was planning to sell a $20-billion stake in its retail business to its American rival Amazon. The report was published by Bloomberg on Thursday stating that Mumbai-based RIL is willing to offer an approximate 40 percent stake in its subsidiary Reliance Retail Ventures Ltd. (RRVL) to ...

On Tuesday, Reliance Retail, a subsidiary of Reliance Industries ventured into e-pharmacy with acquisitions of Netmeds. Reliance bought 60% stake in Netmeds’ parent company Vitalic, a Chennai-based company for about ₹620 crore. Announcing the acquisition, RIL added that as part of the deal it also got complete ownership of Netmeds’ subsidiaries, Tresara Health, Netmeds Market ...