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Business

Reliance Retail to buy Future Group's retail, wholesale businesses

Billionaire Mukesh Ambani's Reliance Industries Limited announced that its unit Reliance Retail Ventures Limited or RRVL has acquired Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for lump sum aggregate consideration of 24,713 crore Indian rupees. Reliance specified that the acquisition is being done...

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Apparel

Contrary to the West, Christmas cheers India’s retail

While globally, Christmas joy may not have brought in a much expected retail boom, but in India, consumers were seen loosening their purse strings yet again. Post buoyant Eid and Diwali; consumers are spending on everything from wines to smartphones and clothing spreading Christmas joy among retailers. On the international front, research firm...

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