RIL

Aiming a new fashion brand launch in India, Reliance Industries Limited (RIL) and Indian Couturier Anamika Khanna to sign an agreement. The agreement will be between the affiliates of the two companies, to launch AK-Ok, a new brand in 60:40 joint venture. "The partnership with Anamika Khanna pivots around our recognition of homegrown talent's growing popularity and appeal in both India and globally," said Isha Ambani, Director of Reliance… read-more

Reliance Retail Ventures Limited (RRVL) has officially extended its deadline by 6 months to figure out the nitty gritties of its ₹24,713 crore deal with Future Group. In August 2020, RRVL committed that it would buy out all retail and wholesale business, and the logistics and warehousing business in due time before September 2021. However, due to the future group's ongoing case with Amazon, the deadline has been pushed to March 2022.

Tata Consultancy Services (TCS) on January 25 outdid Reliance Industries Ltd (RIL) to become India's most valuable firm in terms of market capitalization. As per Bombay Stock Exchange (BSE) data, TCS' share price increased by almost 1.26%, thereby tapping an unparalleled Rs 3,345.25. At the day's highest level, TCS' market value attained a record high of Rs 12.55 lakh crore, while RIL descended by 4.84% to Rs 12 lakh crore.

Reliance Industries Limited (RIL) on September 30, stated that the New York-based General Atlantic will invest Rs 36.75 billion in the company's retail wing. Reportedly, the investment covers 0.84% stakes in the company. RIL Chairman Mukesh Ambani stated that the company would stick to General Atlantic's “extensive expertise at the intersection of technology and consumer businesses.” RIL recently had successfully raised investments of up to … read-more

A total loss of Rs 1,11,799.05 crore was faced by eight leading companies in the first week of September.  ICICI Banks and Reliance Industries Limited alone faced a combined loss of Rs 49,693.28 crore. In addition to them, HDFC, Kotak Mahindra Bank, ITC, Infosys, Hindustan Unilever also faced losses in their market value. On the contrary, TCS and HDFC banks faced a combined gain of Rs 22,398.11 crore in their values.