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Mukesh Ambani

Reliance Retail set for pan-India dominance with digital and physical expansion ambitions

Reliance Industries’ recently held 41st annual general meeting in Mumbai saw some major announcements by Chairman, Reliance Industries, Mukesh Ambani. Chairing the occasion, he said: "Reliance Retail is going to scale up its retail presence across its formats from...

Reliance Retail to borrow Rs 4,500 cr for big ecomm rollout

Looking at the stupendous growth of e commerce in India, Reliance Retail reportedly plans to borrow Rs 4,500 crore through term loans and debentures to build a robust e commerce business and invest more on store openings in select...

Reliance to launch its e-commerce platform by May

Reliance Industries has chosen the months of April and May to launch its e-commerce platform through its subsidiary, Reliance Retail. The company has chosen the same months to roll out its pan-India 4G data and mobile services through its...

Reliance Retail, Bharti Enterprises in Talks to Buy Carrefour India Assets

Reliance Retail and Bharti Enterprises are understood to be in talks to buy India assets of the world's second largest retailer Carrefour that has decided to exit the country by closing its five stores, states PTI. According to industry...

Reliance Retail to be the Major Growth Engine: Mukesh Ambani

Retail business will emerge as a major growth engine for the consumer segment of Reliance Industries while it will continue with its expansion in existing and new markets besides exploring new channels, said company Chairman Mukesh Ambani, according to...

Gourmet Processed Food brand ‘Tify’ to Enter India with Reliance Retail

Reliance Industries Limited's (RIL) Retail division has been an enormous amount of growth during the past year. Many new outlets have been opened across India and serve as the only place for many people to shop in many locations...

Hamleys to open store in Delhi’s DLF Place mall in May

British toy retailer Hamleys, which operates in India under a franchise agreement with Reliance Retail, is all set to open a flagship store in Delhi, its first-ever in the national capital.The 20,000 sq.ft. store will sprawl across three floors...

Global retail players eye Indian market, ask for regulatory changes

CapitaMalls Asia, one of Asia’s biggest listed shopping mall developers, organised a forum called Retail Global Connexion in Singapore on October 12. About a dozen prominent retailers from all over the world addressed the audiences, sharing their insights and...

Wal-Mart appoints Danone’s Morten Knudsen as CFO for Asia

Wal- Mart Stores Inc. (WMT) appointed Morten Knudsen chief financial officer for Asia as the world’s largest retailer rebuilds its leadership team in the region. Knudsen will join Wal-Mart from Danone (BN), where he was vice president for corporate...

Retailers back at hypermarkets for growth

Mukesh Ambani's Reliance Retail probably signalled the arrival of hypermarkets when it opened the first big-box store spread across 165,000 sq ft in Ahmedabad four years ago. But things did not quite work according to plan and the retailer...
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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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