The basis of Amazon’s complaint regarding the Reliance Retail deal was its previous deal with Future Coupons where it had veto power and if that is deemed illegal it is surely a setback for the e-commerce firm, legal observers contend. In a ruling in which both sides can claim some …
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Jio has been the biggest revenue generator despite a smaller increase in average revenue per user (ARPU) after last year’s rate hike. RIL’s share price has fallen more than 2% in the last month, while the Nifty 50 has risen 11.5% in the same time period. The recent heavyweight underperformance …
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Billionaire Mukesh Ambani’s Reliance Industries said Thursday that it completed the sale of about 10 percent of its stake in its retail unit to a group of foreign investors for 47,265 crore. Since September 25, the company has sold 10.09% of its stake in Reliance Retail Ventures Ltd (RRVL) to …
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Reliance Retail Ventures operates supermarkets and consumer electronics chain stores. Future Retail said Monday it was reviewing an order against its deal with Reliance Industries. after an order from an arbitration panel suspended its sale of assets of Rs 24,713 crore to the conglomerate led by billionaire Mukesh Ambani. Future …
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By: ENS Economic Bureau | Mumbai, New Delhi | September 11, 2020 4:19:44 am Amazon has had “discussions” and “expressed interest in negotiating a possible transaction, said a person with knowledge of the matter,” reported Bloomberg. After completing a fundraiser of over $ 20 billion for Jio Platforms, Reliance Industries …
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Reliance Retail currently operates about 11,784 stores nationwide. The agreement is positive for all shareholders of all branches of Future Group, except Future Enterprises. News18.com Last update: August 30, 2020 8:38 AM M. IST FOLLOW US: Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries, said on Saturday that it …
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Future Enterprises’ retail and wholesale commitment has been transferred to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a wholly owned subsidiary of RRVL Reliance Retail Ventures Limited (RRVL), the subsidiary of Reliance Industries, led by Mukesh Ambani, announced the acquisition of Future Group’s retail and wholesale business and logistics and …
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