SBI Beats Reliance Industries to Claim Top Spot Profit Race
In a remarkable turnaround, the State Bank of India (SBI) has outshined Reliance Industries (RIL) to become the front-runner in India’s corporate profit arena. For the quarter ending June 2023, SBI, the country’s largest public sector lender, reported a consolidated net profit of Rs 18,537 crores, surpassing RIL’s quarterly net profit of Rs 16,011 crore….
Vishal Prajapati
Reliance Industries Share Price Soars with Jio Financial Services Demerger
Reliance Industries Ltd (RIL) experienced significant buying interest among Indian stock market investors on Monday morning, as the company announced plans to unlock value through the demerger of Jio Financial Services. The share price of Reliance opened higher today and reached a peak of ₹2756 per share on the National Stock Exchange (NSE), surpassing its…
Former Amul Chief RS Sodhi Roped In By Reliance Retail To Drive Grocery Biz
Reliance Retail Ventures, the retail arm of Reliance Industries Limited (RIL), roped in former Amul chief RS Sodhi to lead the grocery business. Sodhi served as the former MD of the Gujarat Cooperative Milk Marketing Federation(GCMMF) and known for the Amul brand all over India. Reliance Retail, India’s leading retail provider, decided to expand its…
John David
Torrent Group Emerges As Top Bidder For Reliance Capital
Ahmedabad-based Torrent Group offered Rs. 8,640 to Anil Ambani-owned Reliance Capital in an auction held on Wednesday. According to the sources, Torrent Group won the bid after beating an offer of Rs. 8,150 made by Hinduja Group, which also participated in the auction. This time Torrent offered more offers than its initial offer made last…
SHAHID MUSHTAQ
Reliance To Launch ‘Independence’ FMCG Brand In Gujarat
On Thursday, Reliance announced the launch of its own Fast-moving Consumer Goods brand (FMCG) ‘Independence’ in Gujarat. With this, the company will enter the FMCG industry and sell products from staples to processed foods and other essentials. The company plans to develop Gujarat as a ‘Go-to-market’ state to excel in the FMCG business and will…
Reliance Launched First In-house Fashion Store, Azorte
Mukesh Ambani continues to hold his position in the luxury market of fashion and lifestyle as Reliance Industries Ltd launched its first in-house premium fashion brand, Azorte, on Thursday in Bangalore. This new fashion brand is named Azorte and is expected to grow as a chain of stores all around the country. Billionaire’s daughter Isha…
Reliance Industries Is All Set To Acquire California-Based SenseHawk
Oil to telecom amalgamation Reliance Industries has final agreements with California-based software development company SenseHawk to acquire a 79.4% stake in the company. As per RIL’s official statement, the acquisition has a valuation of $32 million and will happen through primary infusion and secondary purchase. Established in 2018, SenseHawk is a California-based company that develops…
Shipra Prajapati
Reliance Retail Will Launch FMCG Business This Year, Nisha Ambani
After entering the 5G spectrum, footwear, clothing, etc., Reliance Retail has now found its place in the fast-moving consumer goods (FMCG) industry; the conglomerate is now reportedly in talks to acquire a batch of brands. According to the reports, Reliance Retails on Monday announced the acquisition of brands like Garden Namkeens from CavinKare, Lohri Zeera,…
Adani Group Enters 5G Spectrum, Reliance Jio, and Bharti Airtel In Competition
Billionaire Gautam Adani’s group on Saturday confirmed its entry into the race to acquire a 5G spectrum, for which they have to apply for participation in the upcoming 5G spectrum auction. The company will use the technology to create a private network to support its business from airports to power as well as data centres. …
Reliance Partners With UK Chain To Launch Sandwich And Coffee Chain India
After the fashion world, Reliance Brands Limited entered the Food & Beverages Space. On Thursday, the company announced a franchise partnership with ‘Pret A Manger’, a UK-based food and organic coffee chain, to launch and build British Sandwich and Coffee chain in India. Reliance is spreading its wings everywhere. Before this Reliance picked stakes in…
abhinav singh