Mukesh Ambani Resigns From Board Of Reliance Jio
Reliance Jio Infocomm on Tuesday said that Mukesh Ambani has stepped down from the chairmanship of the Board and approved the appointment of his elder son Akash Ambani as the new chairman of the company. The resignation of Mukesh Ambani, one of the richest people in India, is effective from the close of the working…
Shipra Prajapati
Adani With 54 Others Interested To Acquire Reliance Capital
Fifty-four companies, including Adani Finserve, ICICI Lombard, Tata AIG, Nippon Life Insurance, and HDFC Ergo, have shown their interest in acquiring debt-ridden Reliance Company Group, according to the sources. Other bidders are Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, Blackstone Brookfield, KKR, TPG, Oak Tree Capital, Piramal Finance, and Poonawala Finance. The last date of…
Vishal Prajapati
Reliance Retail Picks Up 89% Stake in Lingerie Brand Clovia
Reliance Retail Venture Limited acquired an 89% stake in women’s lingerie brand Clovia, owned and operated by Pankaj Panda fashion Private Limited. RRVL invested Rs. 950 Cr. in the company through a combination of secondary stake purchase and primary investment, as per the official statement. Clovia is launched in 2013 by Pankaj Vermani, Neha Kant…
Vipin
Reliance Retail Acquires 54% Shares in Addverb For ₹ 983 Cr.
Reliance Retail Venture Ltd., the retail unit of Reliance Industries Ltd., has now acquired 54% stakes in Robotic Company, Addverb Technologies for ₹ 983 Cr. ($ 132 million approximately). Before this, Reliance has picked 25.5% stacks worth in Dunzo for $240 million. With this, the company is expecting business extension in Europe and US and…
John David
Reliance Retail Buys 25.8% Stakes in Dunzo Worth $240 Million
Reliance has picked 25.5% stakes worth $240 million in Dunzo – a Google-backed hyperlocal delivery startup, as the largest Indian retail chain expands to the instant commerce space. Dunzo is a six-year-old startup that operates an eponymous hyperlocal delivery service in seven cities of India including Delhi, Bengaluru, Gurugram, Pune, Chennai, Mumbai, and Hyderabad. Its…
Reliance Looking To Acquire Textile Industry ‘Sintex’
Reliance, partnering with Assets Care & Reconstruction Enterprise Ltd., plans to hire Sintex Industries Ltd. under the bankruptcy resolution process, Sintex revealed in a filing on Sunday. Mukesh Ambani’s Reliance Industries Ltd., along with a partner, are planning to take over a bankrupt Indian Textile firm ━ Sintex Industries Ltd., according to a stock-exchange filing….
Reliance New Energy Solar to Buy 40% Stakes in Sterling and Wilson Solar
On Monday, Reliance Industries (RIL) shares hit a new high after Reliance New Energy Solar LTD announced the acquisition of two companies, intensifying its drive into green energy. Nifty rocketed to a new high of 18,000, after gains in index heavyweights RIL and banks. Mukesh Ambani’s conglomerate, RIL made two purchases over the weekend, including…
India’s Game Changing Spectrum Decision: What Next?
On Tuesday, the government of India made a milestone decision in the ongoing debate over spectrum allocation. According to the government’s official statement, India will allocate the spectrums for satellite via administrative means, probably setting a price payable on a first-come, first-serve basis rather than the traditional auction route. This news comes hours after Elon…
Suryansh
Personalised Investing with Robo-Advisors
The financial industry is undergoing a revolution, one driven by technology and data analytics. Robo-advisors have emerged as one of the most disruptive innovations, changing how investors approach portfolio management. These AI-driven platforms are designed to provide automated financial advice and management based on algorithms, offering low-cost and efficient alternatives to traditional financial advisors. However,…
ABHYUDAYA MITTAL
Cooper Corp
Putting ‘Made In India’ on the Global Map With Excellence & Innovation Farrokh N Cooper Chairman & Managing Director Cooper Corporation Cooper Corporation is not just a name but a legacy in India’s ever-evolving OEM sector. Founded on determination and innovation, it perfectly exemplifies resilience and forward-thinking leadership. From its humble beginnings during British rule,…