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The Latest Breaking News from Reliance

Indian billionaire Mukesh Ambani and Apollo Global Management reportedly make £5bn Boots bid

In April an insider told BusinessLive eighth richest on earth was interested in buying the high street business

Birmingham Post

Morning Brief: Top Financial Stories Dominating on Thursday, June 9

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Benzinga

India's Apollo Global, Reliance Make a Binding Offer For UK's Boots: Bloomberg

Apollo Global Management Inc. (NYSE:APO) and Ambani's Reliance Industries Ltd. led consortium have made a binding offer for Walgreens Boots Alliance Inc.'s (NASDAQ:WBA) international arm, reported Bloomberg, citing people familiar with the matter. The source stated that the proposal values Boots at more than £5 billion ($6.3 billion). Walgreens is seeking a valuation of around £7…

Benzinga

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The world’s top 10 billionaires: Who are they, what is their net worths and how did they build their fortunes?

The rate of billionaires increases year on year, with the current number at 2,755 billionaires worldwide, according to Forbes magazine.

Evening Standard

5 Strong Stocks Bucking the Market Downtrend

The S&P 500 experienced its worst period since 1939 between January and April this year. The stock market has been under pressure due to investor fears about looming interest rate increases, geopolitical tensions, and rising inflation. Hence, we think it might be best now to bet on fundamentally sound stocks…

StockNews.com

Exclusive: Indian billionaire Mukesh Ambani definitely interested in buying Boots says source – having considered then dropped Chelsea FC bid

BusinessLive has been told his company Reliance Industries keen to build UK foothold, attracted by transparent regulations

Birmingham Post

Boots could be taken over by eighth richest man on earth as Mukesh Ambani in rumoured bid

He's believed to be teaming up with a US giant

Nottingham Post

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Mukesh Ambani and Apollo set for Boots takeover bid

It comes after Boots’ current owner, Walgreen Boots Alliance, announced a review of the UK business.

The Independent UK

Eighth richest man on earth Mukesh Ambani rumoured to be planning joint takeover of Boots

Boots CEO Seb James stressed this month there was 'a lot of interest' in business amid fears £7bn sale had stalled

Birmingham Post

Reliance calls off ₹24,731 crore deal with Future Retail

The secured creditors of Future Retail Ltd have voted against the scheme of arrangement put forward by Reliance

The Hindu

Why is a Reliance bigwig clarifying rumours on Adani ‘takeover’ of Gujarat Samachar?

On Thursday, Twitter was abuzz with speculation on Gujarat Samachar being “taken over” by the Adani Group.

Newslaundry

How the Russia-Ukraine War Could Affect the Steel Industry

As the Russia-Ukraine war continues, the steel market remains in focus, as the two warring nations account for significant global steel exports. With steel prices expected to remain high, fundamentally strong steel stocks ArcelorMittal (MT), Reliance Steel & Aluminum (RS), and Ternium (TX) could be solid investments right now.

StockNews.com

India's Tata Group Goes Head On With Amazon, To Roll Out New Super App For All Shopping Needs

The Indian conglomerate Tata Group will roll out an all-in-one e-commerce app allowing users to buy everything from apparel to airline tickets, Bloomberg reported. Mumbai-based Tata Digital Pvt’s digital services platform, Tata Neu, will go live to consumers on April 7. The report noted Tata Neu is expected to give more power to…

Benzinga

SC orders Amazon, Future to move Singapore arbitral tribunal

For resumption of arbitration proceedings in dispute concerning Future’s proposed ₹24,500 crore deal with Reliance

The Hindu

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Benzinga

Amazon Dubs Take Over Of 800 Future Retail Stores By Reliance A 'Sham Transaction'

The ongoing tussle between the American e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) and Indian retailer Future Retail (FRL) continued in the Delhi High Court on Tuesday (Indian Standard Time).

The Hindu

SC asks Amazon, Future to file consent terms to resume arbitration before SIAC

A three-judge Bench led by CJI N.V. Ramana asked the companies to file the joint memo by April 5

The Hindu

Amazon, Future row continues in SC over Future-Reliance ₹24500 cr. proposed deal

Court schedules case for hearing next on April 4

StockNews.com

4 Must-Own Momentum Stocks to Buy This Month

Given current market volatility, which is largely owing to the possibility of aggressive interest rate hikes later this year and rising oil prices, momentum stocks ITOCHU (ITOCY), Reliance Steel (RS), Univar (UNVR), and Danaos (DAC) could be wise bets now. These companies’ robust revenue and earnings growth should help their…

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Al Jazeera

How a Reliance-funded firm boosts BJP’s campaigns on Facebook

Legal loopholes, selective use of rules allowed a Reliance company to pump in millions to promote the BJP in elections.

The Hindu

Supreme Court issues notice to Future group on Amazon plea against Delhi HC stay

The Delhi High Court had stayed proceedings before a Singapore arbitral tribunal against Future group's ₹ 24,500 crore proposed deal with Reliance.

The Hindu

Interview | Designer Rahul Mishra and Reliance Brands discuss their joint venture and new RTW brand

Sportswear, sleepwear, footwear, home… Rahul Mishra and Darshan Mehta of Reliance Brands are ready to talk about what this partnership really means

Dynamite News

Amazon-Future case: SC remands dispute back to HC for fresh consideration

In a relief to the Future group, the Supreme Court on Tuesday set aside the previous orders of the Delhi High Court refusing to stay arbitration tribunal decision restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,731 crore merger deal with Reliance Retail.

The Hindu

SC remands Amazon-Future dispute to Delhi HC for fresh consideration on merits

Amazon has been opposing the Future group decision to go ahead with the ₹24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail.

The Hindu

SC to pronounce verdict on pleas of Future group firms in Amazon-Future case

The bench had reserved the judgement and had said that it wanted to send the case back to the Delhi HC to render a finding on the enforceability of the SIAC award restraining FRL's sale of assets to Reliance Retail

The Hindu

Raghavendra Rathore’s quiet RTW brand

Why RR Blue, the newest men’s label launched by the Rajasthani designer and backed by Reliance, decided to go low-key

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