Reliance Brands already runs high-end stores in India with some 40 foreign partners. Reuters
India’s top court on Friday handed Amazon.com a major victory in a dispute where it sought to block its partner Future Group from selling $3.4 billion in assets to rival Reliance Industries.
Reliance Industries’s June-quarter profit rose 7 per cent, as double-digit growth in the Indian conglomerate’s retail and telecoms businesses helped offset its worst oil refining margins in 18 quarters.
Rebutting rumours about the financial health of Reliance Group, its Chairman Anil D. Ambani on Tuesday said the Group has met debt servicing obligation of Rs 35,000 crore during the period from April 1, 2018 to May 31, 2019.
Higher food prices accelerated India’s April retail inflation to 2.92 per cent from 2.86 per cent in March, official data showed on Monday. However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in April 2019 was lower than the corresponding period of last year when retail inflation stood at 4.58 per cent.
Abu Dhabi National Oil Company (Adnoc) announced on Monday the successful completion of the bookbuild and public subscription process for the initial public offering (IPO)
Dr Matar Hamed Al Niyadi, UAE Ambassador to Kuwait, has said that Expo 2020 Dubai sends a message of peace and tolerance from the UAE to the entire world,
Dubai will welcome visitors from every corner of the globe on Friday to March 31, 2022 to join the making of a new world, as it brings together the planet in one place to re-imagine tomorrow.