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Reliance Retail to reduce share capital, to pay Rs 1,362 per share

This capital reduction plan will make Reliance Retail a 100% subsidiary of Reliance Retail Ventures Limited New Delhi: Country's leading retailer Reliance Retail on Friday said it will reduce the equity share capital to the extent held by shareholders other than...

Google investing $10 billion in India’s digitisation fund: Pichai tells PM Modi

Pichai met Prime Minister Modi here and also announced the opening of Google's global fintech operation centre in the Gujarat International Finance Tec-City (GIFT) New Delhi: Internet giant Google is investing USD 10 billion in India's digitisation fund, its CEO...

Despite global slowdown, FDI growth story in India to continue into 2021

The high growth story of foreign direct investments into India will "go well" in the new year too as there is a growing interest among overseas investors about the country amid the government's continuing reform measures to further improve...

Jio, Facebook partnership is value creation platform for SMBs in India: Mukesh Ambani

Mukesh Ambani, Chairman, Reliance Industries Limited (RIL) has said that the partnership between Jio and Facebook is great for India, Indians and small Indian businesses. Ambani was in conversation with Mark Zuckerberg, CEO, Facebook at the first ever Facebook Fuel...

Flipkart, Jio deals push VC inflows to $3.6 billion in September quarter: Report

Despite the pandemic-driven recession, venture capitalists continued to invest dollars into the country with September quarter seeing investment inflows more than doubling to US$ 3.6 billion over April-June, says a report. In June quarter, which was marked by very strict...

Mubadala picks up 1.4 pc stake in Reliance Retail for Rs 6,247.5 cr

Reliance Industries Limited (Reliance Industries) and Reliance Retail Ventures Limited (RRVL) announced on Thursday that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance...

Reliance expected to spin-off Jio, Retail over 3-4 yrs: Report

Analysts expect a break-up of Reliance Industries Limited (RIL) in the next 3-4 years through the IPO of the Jio and Retail business segments which should unlock additional shareholder value. Broking house Bernstein said in a research note that Reliance...

'Local Shops on Amazon' launched to enable small retailers sell online

E-commerce major Amazon has decided to go big in the neighbourhood commerce space with the launch of ‘Local Shops on Amazon', a programme to enable local and small shops and retailers sell their products online. The announcement came a day...

Facebook and Jio deal win-win situation for both, says GlobalData

Following the announcement of Facebook’s US$ 5.7 bn investment for 9.99 percent stake in India-based Jio Platforms Limited (JPL) on April 22 2019; Aurojyoti Bose, Lead Analyst at GlobalData, a leading data and analytics company, offers his view on the...

Jio move set to boost digital marketing space: Lycos CEO

Reliance Jio's disruptive offer of free voice calls forever and data at just 5 paise per MB is expected to open up the digital marketing space in the country in a big way, a top expert has said. According to...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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