Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), has acquired shares in online furniture startup Urban Ladder Home Decor Solutions Pvt Ltd to ₹Rs 182.12 crore RRVL bought a 96% stake in Urban Ladder’s share capital and has an additional option to acquire the remaining stake, …
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The legal battle between Future Group and Amazon.com Inc. over the ₹The 24,713 crore settlement with Reliance Industries Ltd (RIL) is growing like a snowball, with the two litigants adopting the dual strategy of taking the case in the Indian courts and the Singapore arbitration court. While Kishore Biyani’s Future …
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Reliance Industries Limited announced Thursday that it will make a contribution of up to $ 50 million into Breakthrough Energy Ventures. The investment constitutes 5.75% of the size of the fund currently contemplated, the company led by Mukesh Ambani said in a regulatory document. “This investment will be made in …
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Extending their winning streak to the seventh consecutive session, the benchmark indices gained more than 1 percent to hit record levels for the second consecutive session on Tuesday. Investor confidence got a big boost after Pfizer said its experimental Covid-19 vaccine was more than 90 percent effective based on the …
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Reliance Industries (RIL) announced Thursday that Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), will invest 9,555 crore, or $ 1.3 billion, to buy a 2.04% stake in its retail arm. . This investment values Reliance Retail Ventures Limited (RRVL) at a pre-money capital value of Rs 4,587 …
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Reliance Industries Ltd. said Thursday that the Public Investment Fund (PIF) will invest ₹ Rs 9,555 crore for a 2.04% equity interest in Reliance Retail Ventures Limited. This investment values RRVL at a pre-money equity value of ₹ 4,587 million lakh rupees. “This investment will further strengthen PIF’s presence in …
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The Indian stock market closed Tuesday up 1 percent, supported by favorable global signals, ahead of the outcome of the US presidential election. Analysts say that while predicting the outcome of the election is more difficult than never a victory for Democratic candidate Joe Biden will be good for emerging …
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Indian markets were unable to sustain their slight recovery in midday trading and fell half a percent, before the October series derivatives contracts expired. The S&P BSE Sensex was trading around 39,700 levels, down 220 points. The index hit an intraday low of 39,524. Meanwhile, the broader Nifty50 index hovered …
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BENGALURU (Reuters) – Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $ 1 billion to salt-to-software conglomerate Tata Group. reported the Economic Times on Wednesday, citing three sources familiar with the matter. The centennial group has been planning to launch a “super …
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The national stock market closed about 1 percent higher on Tuesday, led by gains in financial and consumer goods stocks. Also, hopes for higher inflows after Morgan Stanley Capital Investment (MSCI) said it will implement the new regime on foreign ownership limits (FOL) on MSCI global indices containing Indian stocks …
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