Saturday, 5 December 2020

Tag Archives: Reliance

Reliance Industries buys global toy retailer Hamleys

MUMBAI: India’s Reliance Industries has acquired British toy retailer Hamleys, the energy-to-telecoms conglomerate said. Reliance Industries, which runs the world’s biggest single-location crude oil refinery in western India, has been gradually transforming itself into a consumer-facing behemoth through its retail and telecoms ventures. Through its Reliance Brands subsidiary, the company ...

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Reliance plans major expansion of fashion store business

MUMBAI: Reliance Industries Ltd plans to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, two people briefed on the plans said. The expansion, which has not been reported before, is the ...

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Billionaire Ambani risks jail over missed Ericsson payments

NEW DELHI: India’s top court said Indian industrialist and chairman of Reliance Communications (RCom) Anil Ambani wilfully did not pay 77.3 million U.S. dollars to Swedish telecom equipment maker Ericsson, thereby holding him guilty of contempt in a case, officials said. “RCom had no intention to abide with the undertakings. ...

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