In a bid to focus on its core businesses, retail behemoth Titan said it will end its five year old joint venture with luxury goods maker Montblanc. The Bengaluru-based jewellery-to-watch manufacturer said its decision...
Delivery app Instacart raises $200 million at $17.7 billion valuation
Delivery startup Instacart on Thursday said it raised $200 million in its latest round, valuing the company at $17.7 billion as it cashes in on a surge in online shopping due to the COVID-19 pandemic. In June, Instacart...
Future Group to go for mediation over Amazon’s legal notice on RIL deal: Report
US online retailer Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer’s ₹24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant. “We...
Amazon takes on Future Group over deal with Reliance, sends legal notice
American e-commerce major Amazon has served a legal notice on the Future Group for striking a deal with Reliance Industries (RIL), citing its non-compete agreement with the Kishore Biyani-led chain. According to the...
ADIA to invest Rs 5,512 crore in Reliance Retail
Reliance Industries said a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) will buy 1.2% in Reliance Retail Ventures (RRVL) for Rs 5,512.5 crore. The investment values Reliance Retail at a pre-money...
Mukesh Ambani’s Reliance Industries says GIC, TPG to invest about $1 billion in retail arm
Two more global funds Singapore’s GIC and US-based TPG together will invest Rs 7,350 crore into Reliance Retail Ventures Ltd (RRVL) to acquire around 1.6% stake in the company, Reliance Industries Ltd (RIL) said on...
Indian-origin billionaire brothers win bid to buy UK supermarket chain Asda
Indian-origin billionaire brothers Mohsin and Zuber Issa are set to acquire a majority stake in the leading UK supermarket chain Asda from its US owner Walmart after a USD 8.8-billion deal was struck as part of a...
Japan’s DCM to buy rival retailer Shimachu for $1.6 billion
Japanese home improvement retailer DCM Holdings said on Friday it has made an offer for smaller rival Shimachu Co for 164 billion yen ($1.6 billion), which would give it a greater presence in the Tokyo region. DCM said...
Mubadala to invest Rs 6,247.5 crore in Reliance Retail for 1.4 per cent stake
Reliance Industries said on Thursday Abu Dhabi’s sovereign fund, Mubadala Investment Co, would invest Rs 6,247 crore in Reliance Retail Ventures, becoming the latest in a bevy of global funds injecting billions of...
US private equity firm Silver Lake to invest Rs 1,875 crore more in Reliance Retail
Reliance Industries Ltd (RIL) has announced that US fund Silver Lake will make its second tranche of investment into Reliance Retail Ventures Ltd by infusing an additional Rs 1,875 crore into the country’s largest...
Abu Dhabi’s Mubadala in advanced talks to invest up to $1 bn in Reliance Retail: Report
Abu Dhabi state fund Mubadala Investment Co is in advanced talks to invest up to $1 billion in the retail division of India’s Reliance Industries Ltd, two sources told Reuters, as investor interest in the Indian...
General Atlantic to invest ₹3675 crore in Reliance Retail Ventures
Global equity firm, General Atlantic will invest ₹3,675 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, for a 0.84% stake, Reliance Industries said today. This marks the second...
