Tag: Reliance

New Delhi: Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Saturday that global investment firm TPG will invest Rs 1,837.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. TPG’s investment will translate into a 0.41 per cent […]

New Delhi: Amazon.com Inc on Sunday won an interim award against its partner Future Group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single judge arbitration panel put the deal on hold. Amazon, which had agreed to purchase 49 per cent of one of Future’s unlisted firms last year […]

Mumbai: After a Singapore arbitration court ordered a temporary stay on Reliance Retail’s acquisition of the debt laden Future Group’s retail business, the latter has said that the deal with Reliance Retail is in consonance with Indian laws. It further said that it is not a party to the agreement under which Amazon has invoked […]

Mumbai: Equity indices spiralled lower on Monday following heavy losses in Reliance Industries after Amazon won an interim arbitration award to stall the Mukesh Ambani-led firm’s acquisition of Future Group’s retail assets. A sharp fall in the rupee and a negative trend in global markets further unnerved investors, traders said. After tanking 737 points during […]

Mumbai: Equity benchmarks made a winning start to the week on Monday as positive results from another COVID-19 vaccine candidate bolstered investor confidence globally. After touching a record intra-day high of 44,271.15, the 30-share BSE Sensex ended 194.90 points or 0.44 per cent higher at 44,077.15. Similarly, the broader NSE Nifty rose 67.40 points or […]

New Delhi: Founder of bottled water company Nongfu Spring, Zhong Shanshan has overtaken Reliance Industries Chairman Mukesh Ambani as the richest person in Asia, with a net worth of $77.8 billion. The Bloomberg Billionaires Index showed that Zhong’s net worth has surged $70.9 billion making him the richest man in Asia above both Mukesh Ambani […]

Thane (Maharashtra): In an intriguing development, police have recovered the body of a Thane-based businessman whose stolen SUV with 20 gelatin sticks was found parked near Antilia, the iconic home of Reliance Industries Ltd. Chairman Mukesh Ambani, officials said here on Friday. The body of Mansukh Hiren — who had reported his Scorpio SUV as […]