(Sebi) provided clearance to the Reliance Retail’s acquisition of Future Group’s retail assets. The ₹ 24,713-crore deal gained approval despite objections raised by Amazon. Besides Sebi, Bombay Stock Exchange (BSE) also granted its nod to the deal with “no adverse observation” report.  The deal was originally finalized in August, last year, when Mukesh Ambani’s RIL ...

Mukesh Ambani: On Monday, amid the ongoing farmers protests, Reliance Industries (RIL) owner Mukesh Ambani issued a statement emphasising that his company never bought any agricultural land and had no plans of entering into contract or corporate farming. His statement came in order to stop the vandalising of Jio towers and property as over the ...

On Saturday, Reliance Industries (RIL) acquired 96 percent equity shares of Urban Ladder Home Decor Solutions Pvt Ltd for Rs 182.12 crore. As per the company statement, Urban Ladder’s share ownership now rests with Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries (RIL) .  Besides the recent takeover by billionaire Mukesh Ambani’s company, ...

Anil Ambani has been chased by three Chinese banks to whom, according a UK court, he owed over $716 million (Rs 5,276 crore), plus significant legal costs including interest of Rs 7.04 crore. After his cross-examination by the commercial court on 29 June, his total repayment amount increased to $717.6 million. After Ambani’s recent cross-examination, ...

Anant Ambani has been appointed as Executive Director of Reliance Industries for 5 years effective from 1 May 2025. The move, approved by the company’s Board of Directors is an important one as the Ambani family are currently the biggest business conglomerates with Reliance Industries in India.  Anant Ambani is currently serving as a Non ...

Reliance Retail, owned by billionaire Mukesh Ambani and his daughter Isha Ambani, has relaunched Shein in India, nearly five years after the fast-fashion giant was banned in the country in the wake of diplomatic tensions between New Delhi and Beijing.  Developed under a licensing agreement with Reliance, Shein will be reintroduced in the country with ...

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 ...