Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business
Reliance Retail is set to transfer its FMCG brands, including Campa and various private labels, to Reliance Consumer Products Ltd (RCPL) for rapid business expansion. RCPL plans exclusive bottling plants for Campa and is preparing for a capital infusion of up to Rs 3,900 crore through equity and debt. This strategic move aims at enhancing brand availability. Key Points
Economic TimesHinduja rejigs fundraise plan for Reliance Capital deal
Hinduja Group, the winning bidder for Reliance Capital, is reworking its fundraising plan to raise ₹7,500 crore from domestic and overseas private credit funds at 15%. The Reserve Bank of India seized control of Anil Ambani-owned Reliance Capital due to governance concerns. Nageswara Rao Y was appointed as the administrator. Key Points
Economic TimesYou could soon be living in a Mukesh Ambani universe
Reliance Latest Update: Mukesh Ambani is expanding Reliance into various aspects of daily life. From soap to mobile phones, Reliance is already a significant part of consumers' routines. Now, with plans to enter the consumer electronics and home appliances segment, Reliance aims to provide a comprehensive experience across all consumption areas. The new brand Wyzr will offer a range of products, including air coolers, televisions, washing machines, and more. Key Points
Economic TimesReliance Power and its parent entity actively settling dues with lenders
Reliance Infrastructure and JC Flowers ARC had entered into a standstill agreement, according to notice issued to the exchanges on January 7. Initially, the standstill was until March 20, 2024, according to a separate stock exchange disclosure. This was recently extended to March 31, 2024, said a spokesperson of Reliance Infrastructure. Key Points
Economic TimesReliance-linked Qwik Supply third largest electoral bond buyer; Reliance says co not its subsidiary
Qwik Supply Chain Private Limited, reportedly linked Reliance Industries, emerged as the third-largest donor to political parties through electoral bonds, purchasing Rs 410 crore between 2021-22 and 2023-24. However, the Mukesh Ambani-led Reliance clarified that Qwik isn't its subsidiary. The company's activities and directors show various connections to Reliance-linked entities. Key Points
Economic Times
Paramount in Talks to Sell India TV Stake to Ambani’s Reliance
Paramount Global is in discussions to sell its stake in its media joint venture in India to Mukesh Ambani’s Reliance Industries Ltd., according to people familiar with the matter, as Asia’s richest man continues to consolidate his clout in one of the world’s fastest-growing entertainment markets. Key Points
mintReliance-Disney merger may take up half of India's streaming market: Reports
Reliance Industries Limited and The Walt Disney Company formally signed a binding agreement on February 28 to establish an $8.5 billion media powerhouse. Key Points
India TodayReliance Industries in talks to bring British fashion retailer Primark to India
Primark has been a successful value-priced retailer and its global revenue has exploded in the last few years, aside from two Covid-hit years. Average prices are even cheaper than retailers such as H&M and Uniqlo. While China is the largest source country for Primark, India is second in the number of small to large factories that supply the company. Nearshoring is already embedded in Primark's supply chain strategy, and it can deliver goods from Indian suppliers directly to a local retail unit for cost control and flexibility while being responsive to local market needs. Key Points
Economic TimesRIL-Disney deal: Nita Ambani may be named chairperson
Nita Ambani is likely to become the chairperson of the Star India-Viacom18 merged entity, with Uday Shankar as the vice chairperson. The merger deal is expected to be announced soon, and Reliance is set to invest $1-2 billion in the merged entity. Key Points
Economic TimesNCLT nod for Hindujas to buy Rel Cap
India Business News: The National Company Law Tribunal has approved the Rs 9,650-crore resolution plan submitted by Hinduja's IndusInd International Holdings for bankrupt Reliance Capital. Get all the details here. Key Points
Times Of IndiaNCLT approves Hinduja Group firm IndusInd International Holdings' resolution plan for Reliance Capital
Mumbai, Feb 27 (PTI) The National Company Law Tribunal on Tuesday approved Hinduja Group firm IndusInd International Holdings’ Rs 9,650-crore resolution plan for Reliance Capital. The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company. A […] Key Points
ThePrintReliance, Disney may announce Star-Viacom18 merger this week
Reliance Industries and Walt Disney have signed a binding agreement to merge Viacom18 and Star India, creating India's largest media empire. The deal is expected to be announced this week, spanning TV broadcasting, streaming, movies, and sports. Reliance will own 61% of the combined company, with Uday Shankar as the leader. Key Points
Economic TimesSweet deal! Mukesh Ambani's Reliance Consumer buys Paan Pasand maker for Rs 27 crore
A deed of assignment by its promoters Harshavardhan Bharat Doshi, Nihal Harshavardhan Doshi, and Lalan Ajay Kapadi has also been executed. RCPL is a subsidiary of Reliance Retail Ventures Ltd (RRVL), which is the retail arm of Mukesh Ambani-led Reliance Industries Ltd. Key Points
Business TodayReliance launches eye-popping discount schemes ahead of 75th Republic Day
Reliance Digital has launched the Digital India Sale with the best deals on popular electronics, which is available in Reliance Digital and MyJio stores as well as on reliancedigital.in The customers can avail discounts of up to Rs 26,000 on using cards of different leading banks. The sale is on till January 28 with exciting offers on electronics including TVs, refrigerators, laptops, washing machines, and more. Key Points
Economic TimesRetail, O2C scored, longer term, it is green for Reliance: Mayuresh Joshi
Reliance Industries' oil and gas exploration segment has shown a significant jump in performance, with a 22% increase on a sequential basis and a 50% increase on a YoY basis. The current EBITDA number for the segment stands at close to Rs 5,800 crore. Mayuresh Joshi, Head-Equity Research-India at William O'Neil, expects the numbers to remain stable and increase at a reasonable pace. Key Points
Economic Times
How Mukesh Ambani & Family are navigating change at India's biggest firm
The past year has marked RIL's foray into finance and its plan to dominate the media and entertainment as it heads towards merging its media business with Walt Disney. It is already India's largest retail and digital player. As India is on track to become the world's third-largest economy, RIL Chairman Mukesh Ambani believes his company too can rise globally to be among the top 10 global conglomerates. This rise will come from the transformation of the company through digital, retail and green energy businesses. Key Points
Economic TimesReliance Retail Q3 results: Net profit rises 32% to Rs 3,165 cr
Reliance Retail's net profit experienced a remarkable surge, climbing by 31.9 per cent YoY to reach Rs 3,165 crore. Key Points
Business TodayAnant Ambani-Radhika Merchant pre-wedding functions in Jamnagar from March 1-3
The couple got engaged in a Gol Dhana ceremony in Mumbai on January 19, 2023. Gol Dhana literally means coriander seeds and jaggery, which is distributed to guests at the ceremony. Key Points
FirstpostReliance Power & Reliance Infra commit to settle their dues by fiscal-end
Reliance Power and Reliance Infrastructure have signed standstill arrangements with DBS Bank and JC Flowers ARC, respectively, to settle their loans by the end of the fiscal year. In April 2023, Reliance Power settled loans with two of its lenders - JC Flowers ARC and Canara Bank, according to a disclosure by the company. Key Points
Economic TimesGautam Adani's big announcement for Gujarat: ‘Adani to invest… Even from space’
Vibrant Gujarat Global Summit updates: Gautam Adani announced an investment of over ₹2 lakh crore in Gujarat. The investment will create 1 lakh jobs. | Latest News India Key Points
Hindustan Times
Dhirubhai Ambani's birthday: Reliance will never be complacent, will be in world's top 10 conglomerates, s
Mukesh Ambani, the chairman and managing director of Reliance Industries Ltd, has stated that the company will not become complacent and will strive to become one of the top 10 business conglomerates globally. He emphasized the need for continuous innovation and reinvention, aiming to consolidate a place among global leaders in digital data platforms and artificial intelligence adoption. Key Points
Economic TimesReliance’s top 5 moves in 2023: Succession planning, broadcast push, retail dominance & more
Reliance Industries, led by Mukesh Ambani, continued to diversify its business operations and consolidate its presence in various sectors. The conglomerate made significant moves in the broadcast, retail, and 5G sectors, aiming to become a prominent player across industries. Key developments include succession planning, expansion in the broadcasting sector, a focus on renewable energy, retail growth, and leadership in the telecom space Key Points
Economic TimesCCI clears IndusInd Bank-Reliance Capital deal
The Competition Commission of India has approved the proposed acquisition of a controlling stake in Reliance Capital by IndusInd International Holdings Ltd, IIHL BFSI (India) Ltd, and Aasia Enterprises. The transaction will give IndusInd Bank a controlling stake in Reliance Capital. The acquisition follows a $1.5-2bn capital-raising plan by Hinduja group-owned IndusInd International Holdings and an increase in IIHL's holding in Reliance Capital. Key Points
Economic TimesAjio set to become Reliance retail's first profitable online venture
Reliance had started Ajio in 2017. Ajio reduced marketing cost with five different storefronts for each consumer class. It lined up 4,000 stock points for last-mile fulfilment, including Reliance Retail's nearest store for delivery, which brought down logistic cost at the operational level. Also, return rates reduced to around 28% of orders from 35-36% earlier. Key Points
Economic TimesSanjiv Bhasin on why he prefers Reliance Retail to Trent, says midcap rally is here to stay
“Some of the beaten down banks will lead the rally. Axis is looking very strong. I think that is deserving of a re-rating. Pharma stocks are leading the flow and that is evident from the likes of Dr Reddys and HCL Tech and so on. There is a basket of stocks and it is about time Reliance started to show its colours.” Key Points
Economic Times
Reliance Retail ramps up Smart Bazaar stores in small towns
Reliance Retail is the retail unit of Reliance Industries. It is the largest grocery retailer in the country which operates stores in multiple formats - Smart Superstore, Smart Point, Smart Bazaar, Fresh Signature, Freshpik and 7-Eleven. Key Points
Economic TimesMukesh Ambani’s Reliance Industries considers record $1.8 billion bond sale
Reliance Industries, owned by Indian tycoon Mukesh Ambani, is reportedly considering raising $1.8 billion through the sale of local-currency bonds. If Key Points
Times Of IndiaAmbani’s Reliance Industries considers record $1.8 billion bond sale
Reliance Industries is Indias largest company by market value, and its business interests range from petrochemicals refining to wireless communication services and consumer goods. It is expanding rapidly into 5G and venturing into new areas like green energy and financial services. Key Points
Economic TimesAre threats for Reliance from Israel-Hamas war & likely Disney's India asset buy too strong?
Reliance Industries' credit metrics are expected to worsen in the second half of the fiscal year due to factors such as lower O2C margins, significant organic capital expenditure (capex) in telecom, retail, and renewables, and a potential acquisition of Disney's India media assets. This may outweigh the strong EBITDA generation from the telecom and retail businesses. Management also foresees increased capex in FY24, especially with the conclusion of 5G rollouts. Key Points
Economic TimesReliance Industries shows robust growth; net profit reaches Rs 19,878 crore, EBITDA at Rs 44,867
Mumbai (Maharashtra) [India], October 27 (ANI): Reliance Industries Limited has registered robust growth with the net profit of Rs 19,878 crore, which is 29.7 per cent higher than the previous number on year-to-year basis. The Reliance Industries Limited informed about its consolidated results for quarterly ended September 30, 2023. Show Full Article The Reliance Industries […] Key Points
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Reliance Industries second-quarter profit misses on fall in crude prices
India's most valuable company Reliance Industries (RELI.NS) reported a weaker-than-expected quarterly profit on Friday as a fall in crude prices hit revenue from fuel sales and hurt its mainstay oil-to-chemicals (O2C) business. Key Points
ReutersAmbani's youngest son, Anant, faces proxy firms’ pushback on board seat
Reliance did not respond to Bloombergs queries but told the proxy companies that Anant has “the relevant experience and maturity to add value to the board deliberations” given his participation in the conglomerates businesses and the grooming he has received from senior leadership over the years. Both ISS and IIAS added Reliances response to their reports. Key Points
Economic TimesIRDAI objects to Hinduja Group pledging shares of insurance company to acquire Reliance Capital
Hinduja Group is in talks with offshore lenders to raise $800mn (Rs 6,660 crore equivalent) to acquire the finance company under the Insolvency and Bankruptcy Code, the people said. Lenders have unanimously voted in favour of a Rs 9,660-crore plan offered by IIHL in June. Key Points
Economic Times3 stocks that are attractive buys in a volatile market: Sanjiv Bhasin
Sanjiv Bhasin, Director at IIFL Securities, is bullish on three stocks: Reliance, AU Bank, and Tata Power. He believes that if the market is to reach 20,000, Reliance must rise above Rs 2,600. Bhasin also highlights the strong performance of AU Bank and the potential of Tata Power in the green energy sector. In addition, Bhasin suggests that the current market fear could be a good entry point for Adani Ports, as CLSA believes the recent drop in stock price is only a minor setback. Key Points
Economic TimesIndian billionaire Ambani's Reliance Retail to raise $598 mln from ADIA
Billionaire Mukesh Ambani's Reliance Retail Ventures said on Friday it would raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority, in the latest bet on India's largest retailer ahead of a potential stock market listing. Key Points
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Exclusive: Indian billionaire Ambani's Reliance Retail in talks to raise $2.5 billion, sources say
Indian billionaire Mukesh Ambani's Reliance Retail Ventures is in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing, people familiar with the matter told Reuters. Key Points
ReutersExclusive: Indian billionaire Ambani's Reliance Retail in talks to raise $2.5 bln -sources
Indian billionaire Mukesh Ambani's Reliance Retail Ventures is in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing, people familiar with the matter told Reuters. Key Points
ReutersIs there any fresh trigger for Reliance Industries other than value unlocking? Mayuresh Joshi explains
“There is a lot of value that the Street is probably giving to both these elements of businesses as well. For Jio, the equity value is probably coming out anywhere between Rs 725 to 775 on a standalone basis. For Reliance Retail, anywhere between Rs 1,250-1,350. So there is a broad construct in terms of the expected SOTP valuations within the entire group itself.” Key Points
Economic TimesReliance Foundation work in all states and over 54,000 villages across India: Nita Ambani
Nita Ambani will continue to lead Reliance Foundation as its chairperson, even as she steps down from the RIL board. At the Reliance AGM, she highlighted the various initiatives undertaken by the foundation, including education, healthcare, women's empowerment, and rural transformation. Key Points
Economic TimesWhat's new in Ambani's 'New Reliance'? The reinvention of India's biggest conglomerate
Today, Mukesh Ambani, the Chairman of Reliance Industries, heralded a 'New Reliance' at the 46th AGM of the company, mincing no words in telling the shareholders that India's biggest conglomerate has bent its trajectory towards a technological future. It is a brave but a calculated bet by a fossil fuel company intent upon changing with the times. Key Points
Economic Times
Reliance-shareholder bonhomie: Interesting moments from India's most-attended AGMs
Reliance Industries Ltd's Annual General Meeting (AGM) is a significant event that reflects the company's agile business and its impact on India's economy. Over the years, the AGMs have showcased the company's growth, with investments made in Reliance in the past yielding substantial returns. The AGMs have also witnessed surprise announcements, such as bonus issues, and personal anecdotes from the Ambani family. Key Points
Economic TimesReliance Capital sells 45% stake in home finance arm for Rs 54 crore
Authum Investment & Infrastructure acquired assets of both finance companies in an out-of-court resolution process. Under the resolution plan, Authum acquired Rs 11,540-crore debt of Reliance Home Finance for Rs 3,351 crore and the Rs 9,000-crore loan book of Reliance Commercial for Rs 1,629 crore. Key Points
Economic TimesTurning attention to largecaps; 3 stocks on radar: Sanjiv Bhasin
My top pick is Larsen & Toubro. There is a new tie up with Hindustan Aeronautics. Defence now taken centrestage after Chandrayaan 3. And Larsen & Toubro fits the bill perfectly. It is a must-have in a portfolio. Use this correction to buy. Two, I have been very bullish on Apollo Hospital and that could be a very good play for a target of 6,000. Third, I am very bullish on LTIM. In IT, there will be a re-rating and it will be led by LTIM. Key Points
Economic TimesWhat QIA investment means for Reliance Retail & Reliance?
The Qatar Investment Authority is set to invest $1 billion in Reliance Retail Ventures, valuing the company at $100 billion. This is a significant increase from its previous valuation of $43 billion in 2020. The investment reflects the growth and potential of Reliance Retail Ventures, which has seen an increase in its customer base and operates through an integrated offline and online network. The deal is seen as a positive development for Reliance Industries and highlights the strength of its retail business. Key Points
Economic TimesReliance hires 2.6L people in FY2022-23 as growth picks up
This is a third consecutive year of Reliance reporting strong jobs growth. In FY 2021-22, the company had added a record 2.32 lakh jobs across businesses. Prior to that, in FY 2020-21, notwithstanding the COVID disruption, the company had added 75,000 new jobs. Key Points
Economic Times
RIL says Reliance Retail crosses a billion transaction benchmark in FY23, to ramp up FMCG biz
In FY23 alone, it added 3,300 new stores, bringing the total count to 18,040 stores spread across 65.6 million square feet. Key Points
Business TodayReliance Jio posts slowest profit, revenue growth in six quarters
Reliance Jio Infocomm, the telecom arm of Indian billionaire Mukesh Ambani's Reliance Industries (RELI.NS), reported its slowest profit and revenue growth in six quarters on Friday, hit by higher expenses and a lack of recent tariff hikes. Key Points
ReutersReliance spin-off Jio Financial's share price set well above estimates
The share price of Jio Financial Services (JFS), the demerged financial services unit of Reliance Industries (RELI.NS), was set at a much higher-than-expected 261.85 rupees ($3.19) during a special trading session for the parent company's stock on Thursday. Key Points
ReutersExplainer: Reliance-Jio Financial demerger: what you need to know
Billionaire Mukesh Ambani's Reliance Industries (RELI.NS), India's most valuable company, will demerge its financial services business on Thursday as part of a move to unlock value. Key Points
ReutersIndia's Reliance spin-off Jio Financial Services worth 160-190 rupees/share -analysts
The financial services business of India's Reliance Industries (RELI.NS) will be valued at 160-190 rupees per share, according to estimates by five analysts, with the impending demerger boosting the stock price of the country's most valuable company. Key Points
Reuters
Reliance set to buy Alia Bhatt's Ed-a-Mamma for Rs 300-350 crore
Reliance Brands is reportedly in talks to acquire actress Alia Bhatt's children's wear brand Ed-a-Mamma. The acquisition is expected to strengthen Reliance's children's wear portfolio and give it a greater toehold in the kidswear market. The eco-friendly brand operates primarily online but is also sold through retail chains such as Shoppers Stop and Lifestyle. Key Points
Economic TimesHindujas look to raise up to $1b to finance Reliance Capital acquisition
The Hinduja family is reportedly exploring raising up to $1bn to fund its acquisition of Reliance Capital, for which it is the preferred bidder. The financing timeline could take between three and six months, depending on legal issues and court approvals for the acquisition, and the final list of financiers could change, sources said. Key Points
Economic TimesReliance Share Price Live blog for 12 Jul 2023
Reliance stock price went up today, 12 Jul 2023, by 1.07 %. The stock closed at 2735.15 per share. The stock is currently trading at 2764.3 per share. Investors should monitor Reliance stock price closely in the coming days and weeks to see how it reacts to the news. Key Points
MintMukesh Ambani's daughter Isha, former CAG Rajiv Mehrishi appointed directors on RIL's financial services u
Reliance had previously announced plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL). It will lend to consumers and merchants based on proprietary data analytics and will eventually branch out to insurance, payments, digital broking and asset management. Key Points
Economic TimesReliance Retail set to cancel all public shares
Global investment firm Bernstein in a May report valued the holding company of Reliance Retail, called Reliance Retail Ventures (RRVL), at $131 billion (₹10.82 lakh crore). RIL owns 85% of RRVL, which in turn owns more than 99% of Reliance Retail. Key Points
Economic Times