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The Latest Breaking News from Reliance

Reliance studying possible bid for Walgreens’s boots chain

NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries is weighing a possible bid for Walgreens Boots Alliance Inc’s international drugstore unit, according to people familiar with the matter.

The Times of India

Future Retail's shareholders' meet to approve Reliance deal is 'illegal': Amazon

Future Retail's shareholders' meet to approve Reliance deal is 'illegal': Amazon

NEW DELHI: Amazon has written to Big Bazaar-parent Future Retail alleging that the upcoming meetings of its shareholders and creditors for the approval of the retailer’s proposed Rs 24,700-crore deal with Reliance Retail is “illegal”.

The Times of India

Reliance's unique energy transition story

Reliance's unique energy transition story

NEW DELHI: Reliance Industries' strong cash flow generation in the 'best in class' old energy business can fund the capex of the new energy business and in turn drive one of the fastest and most profitable net-zero transitions by 2035 amongst large energy companies, Goldman Sachs has said.

The Times of India

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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.

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…

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

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).

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

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

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

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

Court schedules case for hearing next on April 4

Future Retail defaults on Rs 5,322 crore debt repayment

Future Retail defaults on Rs 5,322 crore debt repayment

NEW DELHI: Big Bazaar-parent Future Retail (FRL) on Friday said it has missed the due date for repayment of around Rs 5,322 crore to lenders due to the ongoing legal battle with US e-tailer Amazon among other issues.

The Times of India

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assets

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assets

NEW DELHI: The Supreme Court on Friday asked whether it can pass any interim order on a plea of Amazon that Future Retail's assets including 'Big Bazaar shops' not be alienated till the dispute over it's merger with Reliance Retail is decided by the arbitral tribunal.

The Times of India

4 Must-Own Momentum Stocks to Buy This Month

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…

Sensex surges 697 points as IT, oil & gas stocks jump; Nifty ends at 17,315

Sensex surges 697 points as IT, oil & gas stocks jump; Nifty ends at 17,315

NEW DELHI: After opening on a subdued note, equity indices rebounded on Tuesday with the benchmark BSE sensex rising nearly 700 points led by gains in IT and oil gas stocks.

The Times of India

Amazon seeks SC order for resumption of arbitration & preservation of FRL assets

Amazon seeks SC order for resumption of arbitration & preservation of FRL assets

NEW DELHI: US e-commerce major Amazon Wednesday apprehended the “disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL's merger deal with Reliance Retail.

The Times of India

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The Times of India

Amazon calls Future store transfer to Reliance 'fraud'

NEW DELHI: Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.

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 Times of India

Reliance sells CBM gas for over $23; HOEC gets $25

NEW DELHI: Reliance Industries has sold natural gas produced from a coalfield in Madhya Pradesh for over $23 to firms, including GAIL, GSPC and Shell, but its price discovery was beaten by smaller explorer HOEC, which sold half of its sales volume for over $25.

The Times of India

How Mukesh Ambani outfoxed Amazon in a $3.4 billion deal dispute

NEW DELHI: Amazon has been added to the list of companies that have been outmaneuvered by Mukesh Ambani’s juggernaut. Not only has he jolted the US giant in the fight to dominate India’s retail sector, he now holds all the cards in a $3.4 billion dogfight to buy a local…

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The Times of India

Reliance Industries stepping in to supply diesel-starved Europe

NEW DELHI: The global energy crunch spurred by Russia’s invasion of Ukraine is giving the world’s biggest refining complex a much-needed boost.

The Times of India

Reliance Retail invests in Abraham & Thakore for majority stake

NEW DELHI: Billionaire Mukesh Ambani's Reliance group on Tuesday said its retail arm has invested in luxury fashion house Abraham Thakore for an undisclosed majority stake, strengthening the line of lifestyle brands under its umbrella.

The Times of India

Reliance Jio plans satellite broadband rivaling SpaceX, OneWeb

NEW DELHI: The conglomerate helmed by Mukesh Ambani, Asia’s richest man, is moving to provide satellite broadband connectivity, muscling into a segment where billionaires Sunil Mittal’s OneWeb and Elon Musk’s SpaceX have ambitious plans.

The Times of India

Mukesh Ambani regains richest Asian tag, surpasses Gautam Adani

NEW DELHI: Reliance Industries chairman Mukesh Ambani on Wednesday regained the richest Asian tag, a day after billionaire Gautam Adani had surpassed him for the top spot.

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 Times of India

Reliance seeks minimum $14 for gas from CBM block

NEW DELHI: Reliance Industries Ltd is seeking a minimum of $14 for selling natural gas being produced from coal seams in a block in Madhya Pradesh as it looks to cash in on the recent spike in energy prices globally.

The Times of India

Let Reliance, Amazon bid for Future Retail: Banks to SC

NEW DELHI: Pushing for ownership over the litigation mired assets of Future Retail owned by beleaguered Biyani group, a consortium of 27 banks on Thursday told the Supreme Court that the best way out of the present mess is to ask both Reliance Retail and Amazon to make open competitive…

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