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The Latest Breaking News from Reliance

RIL and AFI sign long-term partnership

KOCHI: The Reliance Industries Limited (RIL) and the Athletics Federation of India (AFI) took their

The Hindu

CP vies for Metro’s Indian wholesale unit

Charoen Pokphand Group Co and Reliance Industries Ltd are among suitors for German retailer Metro AG’s wholesale operations in India, according to people familiar with the matter, as the companies seek to deepen their retail portfolio in one of the world’s largest consumer markets.

Bangkok Post

More than half a billion pounds in public money paid to rogue housing providers in just one city

Exclusive: In Birmingham, £555m has been paid out in housing benefit in just four years to providers subject to watchdog action

The Independent UK

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Better Buy: Reliance Steel & Aluminum Vs. Olympic Steel

Despite inflationary pressures, steel demand is expected to remain positive this year and the next. With favorable prospects across market segments, steel industry players Reliance Steel & Aluminum (RS) and Olympic Steel (ZEUS) might benefit. However, which stock is a better buy? Read on to find out.

StockNews.com

Mukesh Ambani resigns from Reliance Jio Board, Akash appointed Chairman

Reliance Industries chairman Mukesh Ambani has resigned from the board of Reliance Jio handing over reigns to his elder son Akash Ambani, who will be Chairman of the Board of Directors.

Dynamite News

These 3 Industrial Names are Still Undervalued

The industrial sector is expected to grow significantly in 2022 due to strong demand for industrial goods and supportive government policies to spur domestic industrial production. Thus, it could be wise to invest in fundamentally sound industrial stocks Friedman Industries (FRD), Nippon Steel (NPSCY), and Reliance Steel (RS), which are…

StockNews.com

Indian Conglomerate Reliance Eyes Bankrupt Revlon: Reuters

Indian conglomerate company Reliance Industries is mulling acquiring cosmetics maker Revlon Inc (NYSE: REV), Reuters reported. The development comes in the wake of Revlon filing for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Revlon is facing heavy debts as it struggles to compete with brands driven by social media…

Benzinga

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Sports: Mission to take IPL to cricket fans around the world

Director of Reliance Industries Ltd. Nita Ambani said that they have a 'Mission to take IPL to cricket fans in every part of the world. Read further on Dynamite News:

Dynamite News

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

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

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Nottingham 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

The Independent UK

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.

Birmingham Post

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

The Hindu

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

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Newslaundry

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.

StockNews.com

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.

Benzinga

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…

The Hindu

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

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

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