RIL’s retail units set for merger

Reliance Industries Limited (RIL) is set to carry out a major restructuring exercise. Nine of its retail units would be merged with Reliance Retail and Reliance Fresh. Last month, the Bombay High Court had approved the merger. The nine companies – Retail, Reliance Footprint, Reliance Gems and Jewels, Reliance Leisures, Reliance Trends, Reliance Autozone, Reliance […]

RIL may apply for bank licence

India’s largest private sector company, Reliance Industries, is likely to apply for a banking licence as it meets all the eligibility criteria announced by the Reserve Bank today and has identified financial services as one of the key businesses of the group, a source privy to RIL’s plans said. The source said the RBI eligibility […]

RIL takes sale tag off ‘Only Vimal’

The iconic ‘Only Vimal’ brand belonging to the Reliance Industries,which was put up for sale is going to stay with them for now, say latest media reports. The conglomerate has decided against selling its textile unit including the said brand, keeping in view the current volatile affairs of the industry and lack of lucrative offers. […]

Reliance to consolidate retail biz under Reliance Fresh

Reliance Industries is looking at a major restructuring of its retail businesses. It plans to consolidate all its retail units under a single entity. The idea is to remove administrative glitches and increase synergies and efficiencies among various businesses. The move also indicates that the company is not looking for a foreign partner in any […]

Reliance Brands appoints new CIO to drive e-commerce biz

Reliance Brands, the wholly-owned arm of Reliance Industries appointed Cleartrip’s COO P K X Thomas as its CIO – ecommerce, hinting at its plans to make a serious effort in the e-commerce segment. Founded in 2007, Reliance Brand completed five years this September. Dedicated to bringing iconic international brands like Diesel , Paul & Shark, […]

Walmart row: Reliance Industries, Tata, Ranbaxy Labs hired lobbying firms in US

As Walmart’s disclosures on lobbying generated political heat in India, records with American House of Representatives show that around 27 Indian companies have spent money on lobbying in the US.   The Indian companies involved in lobbying in the US for issues ranging from visa to exploring defence market include Reliance Industries Limited, Tata Sons, […]

Vimal plans to expand franchise network

Vimal, the textile brand owned by Reliance Industries has plans to expand its franchise network with 1,500 new retailers expected to stock its fabrics and apparels. The company recently released a fresh communication strategy in line with its plans, which says “1,500 new outlets across India are waiting for you…” The ad also includes a […]

India Inc comes under RTI lens

Last week, the central information commission (CIC), the apex body under the Right to Information (RTI) Act, 2005 directed Securities and Exchange Board of India (Sebi) to reveal certain details related to Reliance Industries, the largest listed firm. Arun Kumar Agarwal, a Bangalore-based lawyer has asked for the names of these twelve entities that short […]

Reliance Retail posts Rs 4,918 cr top line

Mukesh Ambani’s Reliance Retail posted a turnover of Rs 4,918 crore in the first half of FY2013, nearly 48 per cent higher than the corresponding period of the last financial year. Various formats of the chain posted same-store sales growth of five per cent to 25 per cent across formats over last year, it said. […]