Reliance Industries

Photo: Business Today

Reliance Industries Acquire 52% Stake In Fashion Label Ritu Kumar

Reliance Industries bought 52% stake in the fashion brand, Ritu Kumar. However, no financial details have yet been unveiled  by the company. Reportedly, Reliance also bought a 40% stake in Manish Malhotra’s fashion house. Furthermore, Birla Fashion and Reliance bought 51% stake in Sabyasachi. “The discretionary wallet spend on products of the top 20 million customers is what we remained focused on”, said Darshan Mehta.

Wed, 20 Oct 2021 - 10:32 AM / by Nehal Surana

Tags
business
Reliance Industries
Mukesh Ambani
India
fashion
Courtesy
Reuters

You May Like

Defence Ministry

PM Modi Praises All Time Defence Export Of India Under Make In India Initiative

PM Narendra Modi appreciated the growth of the 'Make in India' initiative, as the nation's defence hub exported hardware worth Rs 15,920 crores in 2022-2023 financial year. In a Twitter post, Modi wrote, "Excellent! A clear manifestation of India… read-more

TAGS: Union Minister, PM Modi, Made In India Initiative, Defence Hub, Exports

Power Tariff

MERC Approves Power Tariff Hike Between 5-10 %, New Rates From April 1

In a burn to pockets of common man, electricity tariff in Maharashtra has been increased by 5-10%, in effect from April 1. The notification came after the Maharashtra Electricity Regulatory Commission (MERC) approved the hike in power tariffs. As… read-more

TAGS: Power Tariff, Tariff Hike, Maharashtra Citizens, MERC, new rates

Enforcement Directorate

ED Conducts Multiple Raids At Renowned Pharma Companies In Hyderabad

The Enforcement Directorate (ED) once again targeted pharma companies in Hyderabad.  Multiple raids carried out in Hyderabad locations including Banjara Hills, Jubilee Hills, Madhapur, and Patancheru. The raids started in the early hours of April… read-more

TAGS: Pharma Companies, Hyderabad Raids, Enforcement Directorate, Telangana News

Ritesh Agarwal Seeks Blessing Of SoftBank Founder

Ritesh Agarwal Seeks Blessing Of SoftBank Founder Son

OYO founder and CEO Ritesh Agarwal tied the knot on March 7. He invited celebrities, political leaders and Soft Bank's son for his wedding reception, in New Delhi. Highlighting the event, Billionaire investor and SoftBank Group Founder Masayoshi… read-more

TAGS: Oyo Founder, ritesh agarwal, Newlywed, Softbank CEO, Wedding Reception

Tata Motors

Tata Motors Technologies Unit Files For IPO

Tata Technologies, a unit of Indian carmaker Tata Motors filed for an initial public offering (IPO),  confirmed Tata Motors said in an exchange filing. On March 9, the automobile company said they will not offer any of the 95.7 million shares,… read-more

TAGS: TATA Motors, Tata Technologies, IPO, Shares, INDIAN MARKET

Joe Biden

US President Joe Biden Announces Budget 2023-2024

US President Joe Biden presented the budget for the fiscal year 2024 and unveiled the government's plans to cut $3 trillion from the fiscal deficit over the next decade. On March 10, the Biden Government also increased taxes for the rich, to… read-more

TAGS: US President, Joe BIden, US Budget 2024, Taxes Hike