General Atlantic & TPG in talks to invest up to $1 billion each in Reliance Retail
One of them said the private equity funds are in talks to invest up to $1 billion each in the country’s largest retailer. In the past three weeks, Silver Lake and KKR have said they will invest slightly more than Rs 13,000 crore in the company, valuing Reliance Retail at Rs 4.21 lakh crore.
Apple Inc-owned webstore debut in India: Products being sold at maximum retail prices
Apple products, such as iPhones and iPads, are sold at ...
Amazon India adds 4 vernacular languages to woo shoppers ahead of festive season
Walmart-owned Flipkart had introduced Hindi interface for cu...
American judge blocks Commerce Department order set to ban TikTok from November 12
U.S. District Court Judge Wendy Beetlestone enjoined the Commerce Department from barring data hosting within the United States for TikTok, content delivery services and other technical transactions.
NCLAT sets aside CAIT plea against CCI nod to Flipkart's acquisition by Walmart
A two-member bench of the appellate tribunal headed by Justice S J Mukhopadhaya said CAIT failed to establish its allegations against CCI granting approval for Walmart-Flipkart deal. NCLAT also said Flipkart was not even made party by CAIT in its plea. "We find no merit in it, accordingly the appeal is dismissed," said NCLAT, upholding the CCI nod to the deal.
Flipkart Group takes massive lead over Amazon in first week of the online festive sale
Walmart’s Indian ecommerce unit Flipkart Group is estimated to have posted a little over double the sales of closest rival Amazon in the fir...
Big Billion Days to create 70,000 seasonal jobs this festive season: Flipkart
The Bengaluru-based company said while direct job opportunities will be created across Flipkart's supply chain, including roles like delivery executives, pickers, packers and sorters, there will also be additional indirect jobs created at Flipkart's seller partner locations and kiranas.
Longest online festive sales likely this year, groceries to kick off Diwali battle
To take on Reliance JioMart, Flipkart, Amazon and others starting big sales early this year. These platforms are looking at the last week of September to begin the special festive sales, which will continue all the way till Diwali in the second week of November, brands told ET.
Walmart posts biggest growth in online sales, while physical sales rise by 9.3 percent
The near-doubling of online sales also helped the biggest U.S. retailer to beat estimates for same-store sales in the second quarter.
Flipkart group CFO Emily McNeal quits
Sources in the company said, McNeal’s role will now be divided between Sriram Venkataraman, who is expected to take over as the CFO of Flipkart as well as the fashion etailer Myntra, and Adarsh Nahata who is currently PhonePe’s CFO.
Amazon, Flipkart to increase warehouses
Amazon’s India unit has contracted 2 million sq ft while Walmart-backed Flipkart has contracted 1 million sq ft across Bengaluru, Mumbai Metropolitan Region, Hyderabad, Pune, Ahmedabad, Lucknow and Coimbatore, said multiple persons aware of the development.
What does Mukesh Ambani eke out from each of his new investors? Less than $2 a month
That $20 billion fund-raising spree has already met the refining and petrochemicals czar’s goal of making his flagship Reliance Industries Ltd. net-debt-free, giving it enviable financial strength just as the coronavirus pandemic is taking a toll on most other balance sheets.
RIL looks to sell 15 per cent in retail business to PEs, SWFs for ₹63,000 cr
While private equity fund Silver Lake is the first to come on board, other investors in Jio Platforms — Saudi Arabia’s Public Investment Fund (PIF), Abu Dhabi-based Mubadala Investment Company, Abu Dhabi Investment Authority (ADIA), L Catterton and KKR — are likely to pick up stakes in the retail venture as well.
Lockdown: Retailers witness spike in sale of private labels as supply lines disrupted
The retailers have pushed their private labels to fill the gaps in supply chain due to production shortage and transportation from other manufacturers, and even introduced new products under their private labels during the crisis.
Reliance Retail increases advertisements four times in July-August for more visibility
Reliance Trends and Reliance Digital including My Jio Store were the top brands advertised by the conglomerate. From ranking 162 in the list of top advertisers on TV, according to Adex data, Reliance Retail moved to the 32nd spot this year during July-August period.