RELIANCE RETAIL VENTURES LIMITED
Reliance Industries Invests Rs 4,330 cr in Retail Unit in FY24
Reliance Industries invested Rs 4,330 crore into its flagship retail company, Reliance Retail, in the past fiscal year, a shift from previous reliance on debt funding. The investment, made through its subsidiary RRVL, included both equity and debt. Reliance Retail transferred its supply chain assets to RLWH at a valuation of Rs 8,000 crore. This move aims to unlock value from assets and improve cash flow, following recent investments by ADIA and KKR in RLWH.
Reliance's app, stores may soon sport Shein
Reliance Retail Ventures is gearing up to launch Chinese fast-fashion label Shein in India, a year after forming a strategic partnership with the brand. The retailer plans to sell Shein products on its app and offline stores. Former Meta director Manish Chopra may lead Shein's operations in India. Shein aims to reduce dependence on China and leverage India's supply chain. The platform and data will be hosted and controlled by Reliance Retail.
Reliance Retail's FMCG plans stay in fast lane with funds on tap
RCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operations in November 2022 and completed its first full year in FY24. In the filings, RCPL said the proceeds will be used for business operations. A senior industry executive, aware of the plans, said the funding from the parent into RCPL will continue in this fiscal as well, since Reliance has plans to rapidly grow the FMCG business.
MCA probe report on Byju’s; Walmart on Flipkart, PhonePe profitability
An investigation by the central government into Byju's cleared the edtech firm of financial fraud charges, according to a report by Bloomberg. The Ministry of Corporate Affairs, however, denied it on Wednesday evening. This and more in today's ETtech Top 5.
Reliance Retail sets the ball rolling on delivery in an hour, starts pilot service in Mumbai, Navi Mumbai
Reliance Retail's Mumbai delivery service aims for quick fulfillment in 30-45 minutes, integrating with kirana stores for wider reach. The company is utilising tech platforms like FYND and Locus for efficient operations.
Reliance Retail’s Tira launches 'Akind': Skincare brand co-founded by Mira Kapoor
Tira, Reliance Retail's beauty retail platform, has introduced its skincare brand, 'Akind', co-founded by Mira Kapoor, at its flagship store in Mumbai. Akind offers three categories of formulations focused on improving skin barrier health. Isha Ambani, Executive Director of Reliance Retail Ventures Limited, expressed excitement about the launch, emphasizing Tira's commitment to innovation. Mira Kapoor highlighted the brand's journey and its emphasis on tailored skincare solutions.
- Go To Page 1
Funds make a beeline for beauty platforms; Purplle raises $100 million
ADIA leads a $100-million financing round in Mumbai-based beauty retailer Purplle at a valuation of $1.2-1.3 billion. Creaegis, a PE fund, is expected to join the funding round. MCaffeine, a caffeine-based skincare and haircare brand, is also in the middle of a fundraise process and exploring strategic investors. The funding would be in MCaffeine’s parent firm PepTechnologies, which houses skincare brand Hyphen, along with recent fundraise by Foxtale and Traya.
Reliance Retail starts ONDC pilot via retail platform Fynd
Reliance Retail, a subsidiary of Reliance Industries, has begun testing the government's Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform in which Reliance holds an investment.
Reliance and Tata recognised among the World's Most Influential Companies by TIME
Reliance Industries Limited (RIL) has been named one of the World's Most Influential Companies by TIME magazine, marking its second appearance in the TIME 100 list. Recognized in the 'Titans' category, Reliance has significantly impacted various sectors in India and beyond, under the leadership of Mukesh Ambani. Key initiatives include Jio Platforms, the world's largest refining complex, Reliance Retail, investments in new energy, and ambitious net zero goals. The inclusion highlights the growing global influence of Indian enterprises.
Reliance Retail plans 30-minute delivery model for quick commerce re-entry
Reliance Retail is re-entering the quick commerce market with a 30-minute delivery model, focusing on a wider assortment of products than existing players like Blinkit and Zepto. They will leverage their network of stores and kiranas, connected through the JioMart Partner initiative, for product sourcing. Unlike competitors, Reliance will not set up dark stores for under-ten-minute delivery but will optimize delivery routes using tech platforms like FYND and Locus. The venture will start with groceries and expand to apparel and electronics, utilizing the 19,000-plus store network.
Next disruption? Reliance’s JioMart to enter quick commerce space to take on Blinkit, Zepto and others
Reliance Industries, led by Mukesh Ambani, plans to enter India's quick commerce sector, aiming to compete with Blinkit, BigBasket, Instamart, and Zepto. Initially targeting 7-8 cities, JioMart aims to expand to over 1,000 cities. Unlike rivals, it will leverage Reliance Retail's network instead of dark stores. Goldman Sachs estimates the online grocery market at $11 billion, with quick commerce accounting for $5 billion, possibly affecting kirana store sales.
Mumbai-based Garuda Construction and Engineering refiles DRHP for IPO
Garuda Construction and Engineering will issue shares that have a face value of Rs 5 and consist of a fresh issue of up to 18.30 million equity shares and an offer for sale of up to 9.50 million equity shares by promoter PKH Ventures.
Nykaa’s Q4 revenue rises 28% to Rs 1,667 crore
The operating revenue growth was led by a 24% increase in the core business, beauty and personal care (BPC), to Rs 1,388 crore during the quarter. For the full financial year, BPC saw a 20% year-on-year increase to Rs 5,385 crore.
Strong demand tailwinds are for all the players: 5 small and midcap real-estate stocks with upside potential of up to 34%
Four years ago, the real estate industry was defined by excess inventory, over leveraged balance sheets and weak demand. Today, a housing project getting launched is getting sold within a few days. The average prices on a per square ft basis have inched upward very sharply in the last one year and still there is no dearth of demand. Now the question is whether this kind of sharp rise in demand is having an impact only on large players or also on mid-sized companies which are focussed in a region only. The fact is that in the case of sectors like real estate, when the tide of demand changes, it changes for every player, be it large or medium. Yes, when it comes to medium-sized players it would be important to look at the players where they have a track record of implementing projects on time. Delivering the project on time is key metrics which determines whether the company which is mid-sized today will become large or not in years to come. As the large ones have seen a sharp rise in the valuations, the focus of the street is now also on mid-sized by well managed companies.
JV Ventures forays into healthcare-dedicated infrastructure platform; plans to open 75 centres in next 5 years
JV Ventures diversifies into healthcare infrastructure with The Medical Centre (TMC), investing $600 million for 75 centers. Raja Jain appointed CEO. Vishal Goel and Jasmeet Singh Chhabra express optimism. TMC to offer specialized services in major Indian cities.
Unconventional market signals: Unveiling special opportunities in investing for superior returns
By embracing a more nuanced approach to investing and staying vigilant for special situations, retail investors can position themselves to capitalize on opportunities that often get overlooked. By understanding and capitalizing on special opportunities such as demergers or spinoffs, holding company discounts, and promoter buying, investors can generate superior returns as these strategies have a positive historical track record.
Reliance Retail partners with UK-based fashion retailer ASOS
India's largest retailer, Reliance Retail, has signed a long-term licensing agreement with UK's leading online fashion retailer ASOS, bringing the brand to India. Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India, introducing its curated portfolio of fashion-led own brand labels through a multi-channel presence and diverse retail formats.
Reliance Retail partners with ASOS to bring brands like ASOS Design to India
Reliance Retail and ASOS have announced a long-term partnership to establish a multi-channel presence for ASOS's own brands in India. Reliance Retail will manage all online and offline channels, including exclusive brand stores, multi-brand store expressions, and digital commerce platforms. This marks ASOS' first country-wide exclusive retail partnership.
F&O Ban List: Canara Bank, Piramal Enterprises among 10 stocks under trade ban on Friday
F&O Ban List: When the open interest (OI) of any stock's Futures & Options contracts reaches 95% of the market wide positions limits (MWPL), it enters a ban period. The ban is lifted only when the open interest falls below 80%.
F&O Ban List: Zee, PNB among 8 stocks under trade ban on Thursday
F&O Ban List: When the open interest (OI) on any stock's Futures & Options contracts surpasses 95% of the market wide position limits (MWPL), it enters a ban period. This ban is lifted only when the open interest drops below 80%.
Walt Disney incurs $2b+ goodwill impairment charge linked to Star India in 2nd quarter
The US entertainment giant, which has signed a merger deal with Mukesh Ambani's Reliance Industries Limited (RIL), has recorded a $1.3 billion non-cash goodwill impairment charge related to the India merger deal, as per a regulatory filing.
F&O Ban List: SAIL, Biocon among 6 stocks under trade ban today
F&O Ban List: F&O trade ban includes SAIL, Biocon, ABFRL, Balrampur Chini, GMR Airports, Vodafone Idea. Ban lifted if OI falls below 80%.
ADIA, KKR book a $1.5b space in Reliance Retail warehouse
ADIA and KKR invest $1.5 billion in RRVL's warehousing assets, managed by RPPMSL. RRVL transfers assets to RLWH. Financial details include debt, NCDs, and equity. RRVL's growth supported by investments and strategic partnerships.
MrMed ventures into physical retail space with launch of store in Chennai
MrMed is set to inaugurate its inaugural physical store in Greams Road, Chennai on 25 April.
RIL Q4 earnings: Top highlights from management commentary
Reliance Industries has announced the financial results for the quarter and year ending March 31, 2024. The conglomerate achieved a record annual consolidated revenue of ₹1,000,122 crore ($119.9 billion), marking a 2.6% increase year-on-year. Additionally, the annual consolidated EBITDA reached ₹178,677 crore ($21.4 billion), reflecting a substantial 16.1% year-on-year growth. The strong performance was driven by key segments like Jio Platforms, which saw revenue increase by 11.7%, and Reliance Retail Ventures, which reported a sharp 28.5% increase in EBITDA.
Reliance Retail Q4 Results: Net profit jumps 12% YoY to Rs 2,698 crore
In its earnings release, Reliance Retail said it undertook an equity fund raise of Rs 17,814 crore in FY24, including Rs 2,500 crore infused by Reliance Industries during the March quarter. It did not specify where the capital would be utilized.
Reliance Consumer hits it big in 1st year which took rivals decades; co logs sales of Rs 3k cr in FY24
Reliance Industries' fast-moving consumer goods (FMCG) company, Reliance Consumer Products (RCPL), clocked ₹3,000 crore sales in FY24, its first full year of operations. Beverage brand Campa Cola contributed ₹400 crore, according to a senior industry executive. The company aims to continue sales growth momentum driven by staples and beverages. RCPL may raise ₹500-₹700 crore this fiscal from its parent company to set up bottling plants for Campa Cola to boost capacity amid supply constraints.
Shashwat Goenka to join World Economic Forum's Young Global Leaders Class of 2024
Other class members from India Inc for this year include FSN E-Commerce Ventures (NYKAA) CEO Adwaita Nayar, Jubilant Group director Arjun Bhartia and Vedanta Limited non-executive director Priya Agarwal Hebbar. There are Indian members in other fields such as social entrepreneur and acting. The class of 2024 includes a group of nearly 90 changemakers across nations.
Reliance, Disney announce deal to create $8.5 billion media goliath
Reliance Industries, Viacom 18, and Disney merge Viacom18 and Star India to create a JV valued at Rs 70,352 crore ($8.5 billion). The JV will be one of India's leading media companies, providing entertainment and sports content to over 750 million viewers and exclusive distribution rights for Disney films.
Load More
