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MUMBAI: Reliance Retail Ventures has agreed to acquire a 51% stake in Mothercare’s India operations for 16 million pounds (about Rs 175 crore). The deal follows Reliance’s previous purchase of British toy retailer Hamleys in 2019. Mothercare, a London-listed retailer specialising in baby products, will retain a 49% stake in its India unit. This unit […]
RIL bonus shares: The issuance of bonus shares in a 1:1 ratio was initially announced by Mukesh Ambani during the 28th AGM. RIL bonus share record date: Mukesh Ambani-led Reliance Industries (RIL), a diversified conglomerate spanning from oil to retail, has announced that the record date for determining shareholders eligible for the 1:1 bonus share […]
Merger of Reliance group’s media assets TV18 Broadcast and E18 with Network18 Media & Investments has already been sanctioned by the NCLT | (Photo: Shutterstock) 3 min read Last Updated : Oct 15 2024 | 6:54 AM IST The merger of media assets of Reliance Industries and the India business of global media house […]
Mumbai: Reliance Industries, India’s largest company in terms of market value, posted a 3% drop in quarterly profit on Monday, hurt by weak refining margins. Profit stood at Rs 19,323 crore in Q2 FY25, in line with analysts’ expectations. Revenue was stable at nearly Rs 2.4 lakh crore, benefiting from the strength of the oil-to-chemicals […]
4 min read Last Updated : Oct 14 2024 | 8:27 PM IST Reliance Retail Ventures on Monday reported a 5.2 per cent rise in net profit to Rs 2,935 crore in the September quarter of financial year 2024-25 (Q2FY25). Its PBIDT (profit before interest, depreciation and tax) from operations increased 1.0 per […]
RIL Q2 results: Revenue from operations saw a slight increase of 0.2% year-on-year (YoY), reaching Rs 2.35 lakh crore. RIL Q2 FY25 results: Reliance Industries Ltd (RIL), owned by Mukesh Ambani, announced on Monday a decrease of 5% in its consolidated net profit for the quarter that ended in September 2024, amounting to Rs 16,563 […]
Karan Johar would like everyone to know that he’s still the owner of Dharma Productions. Thank you very much. Is Mukesh Ambani buying a stake in Karan Johar’s Dharma Productions? Will the real Dharma owner please stand up Amid reports of Goenka group’s Saregama taking over the production house and Mukesh Ambani’s Reliance buying minority […]
If the acquisition proceeds, it would enhance Reliance’s media and content portfolio, which already includes Jio Studios, Viacom18 Studios, Colosceum Media, and a minority stake in Balaji Telefilms. 3 min read Last Updated : Oct 14 2024 | 9:28 AM IST Reports emerged last week that Saregama is eyeing a majority stake in Dharma […]
4 min read Last Updated : Oct 08 2024 | 11:11 AM IST Reliance Retail, the country’s largest retailer, has officially entered the booming quick commerce space, intensifying competition for players like Zomato-owned Blinkit, Swiggy Instamart, and BigBasket. The company began offering quick commerce services through its e-commerce platform JioMart in select areas of […]
2 min read Last Updated : Oct 03 2024 | 10:05 PM IST The board of directors of Reliance Power has approved plans to raise Rs 4,198 crore through foreign currency convertible bonds (FCCBs), to be issued to affiliates of Värde Investment Partners, a Singapore-based global alternative investment firm, according to a company press […]
