Reliance Retail extends deadline for Future deal

Share this…FacebookPinterestTwitterLinkedinTumblr RIL sets Sept. target to complete buy. Reliance Retail Ventures, the retail arm of Reliance Industries, has extended the timeline by six months to complete its ₹24,713 crore deal with Kishore Biyani-led Future group to buy its retail and wholesale business. Reliance Retail Ventures Ltd. (RRVL) has extended the ‘Long Stop Date’ from […]

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Future retail RIL deal: Delhi HC stays order restraining Future-RIL deal; issues notice to Amazon | India Business News – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: The Delhi high court on Monday stayed the single judge order restraining Future Retail’s Rs 24,713 crore deal with Reliance Industries to sell its retail and wholesale business. The Kishore Biyani-led group firm, Future Retail Ltd (FRL) had filed an appeal before the higher bench of the same high court against […]

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Amazon again urges SEBI to suspend Future-RIL deal review

Share this…FacebookPinterestTwitterLinkedinTumblr Amazon has written to SEBI again, apprising the regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the ₹24,713-crore Future-RIL deal. It has also filed an appeal with the division bench of the Delhi High Court against the December 21 order of the single […]

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M-cap of BSE-listed companies zoom to record high of over Rs 191 lakh crore

Share this…FacebookPinterestTwitterLinkedinTumblr Total market capitalisation of all listed companies on the BSE has zoomed to a record high of over Rs 191 lakh crore. Till Monday’s trade, markets recorded their ninth straight session of gain. During this time, the BSE Sensex jumped 2,622.84 points or 5.75% and closed above the 48,000-mark for the first time […]

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Flush with funds in Covid times: Indian companies mop up close to Rs 10 lakh crore in 2020

Share this…FacebookPinterestTwitterLinkedinTumblr Not-so-expensive credit avenues, benign capital markets and the scramble to built a liquidity war chest to fight pandemic-induced financial woes saw Indian companies mopping up close to Rs 10 lakh crore through equity and debt in 2020. And the bullish trajectory is expected to continue next year too. With most of the developed […]

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Sensex declines over 130 points in early trade

Share this…FacebookPinterestTwitterLinkedinTumblr The 30-share BSE index was trading 135.05 points or 0.29 % lower at 46,118.41. Equity benchmark Sensex dropped over 130 points in early trade on Tuesday tracking losses in index-heavyweights Infosys, TCS and Reliance Industries amid a weak trend in global markets. The 30-share BSE index was trading 135.05 points or 0.29 % […]

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Billionaire Mukesh Ambani inspired me, says Mark Zuckerberg. Explains why

Share this…FacebookPinterestTwitterLinkedinTumblr Mark Zuckerberg, Facebook Inc.’s chief executive officer, hopes the social media giant and Reliance Industries Ltd. can together transform India’s digital payments landscape, replicating the latter’s success in disrupting the telecom sector. Zuckerberg in an online event mentioned Dhirubhai Ambani, Reliance’s late founder, who he said had envisioned phone calls in India as […]

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HC reserves order on Future Retail’s plea to injunct Amazon from interfering in Reliance deal

Share this…FacebookPinterestTwitterLinkedinTumblr The Delhi High Court Friday reserved order on an application by Kishore Biyani led Future Retail Ltd (FRL) seeking to injunct Amazon from interfering in the Rs 24,713 crore Reliance-Future deal on the basis of an interim order passed by the Singapore International Arbitration Centre (SIAC). Justice Mukta Gupta heard arguments for five […]

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PIF to invest ₹9,555 cr. for 2% in Reliance Retail Ventures

Share this…FacebookPinterestTwitterLinkedinTumblr The Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, has signed definitive documentation to acquire a 2.04% equity stake in Reliance Retail Ventures Ltd. (RRVL), the subsidiary of Reliance Industries Ltd. (RIL) for ₹9,555 crore. The investment is in line with PIF’s strategy and mandate to invest ‘globally in innovative […]

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Reliance Industries Q2 profit drops 15% as Covid-19 hit oil demand

Share this…FacebookPinterestTwitterLinkedinTumblr Billionaire Mukesh Ambani-led Reliance Industries Ltd’s profit fell 15% in the September quarter as the coronavirus crisis crushed demand at its dominant oil refining and petrochemicals businesses. Reliance said on Friday consolidated profit slipped to 95.67 billion rupees ($1.29 billion) in the three months to Sept. 30 from 112.62 billion rupees a year […]

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