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India’s largest retailer shares strategy to modernise kiranas in India.

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Strong fundamentals contribute to sales growth of nearly 48%. Bucking the economic slowndown India’s retail conglomerate Reliance Retail announced sales revenues of INR38,196 crore (US$5.35bn) for the Group’s first financial quarter. Correspondingly, it reported pre-tax profits of INR2,049 crore (US$426.9m), an increase of nearly 70% versus last year. This represents 13 consecutive quart...
New ecommerce platform created with help of Reliance Jio Infocomm. State of Gujarat first to trial new project Reliance Retail, part of the Reliance Industries conglomerate, has partnered with Reliance Jio Infocomm to announce the creation of a new ecommerce platform. The new platform will be optimised for use on the JioPhone, a popular mobile handset that was introduced by Reliance Jio in ...
Another giant ecommerce player may enter Indian market. Investment of at least US$5 bn from Alibaba Talks have begun between Alibaba and Reliance Retail about the possibility of creating a mega retail joint venture. Jack Ma, Alibaba’s executive chairman and Mukesh Ambani, Reliance Industries Ltd. chairman met recently to discuss plans to create an omnichannel retail entity. If it proceed...
Revenues have more than doubled from previous year. Positive performance driven by increase in store network For the financial year that ended in March 2018, Reliance Retail has reported revenues of US$10.37bn, more than double from fiscal year 2016/7. It now has the honour of being the first retailer in India to cross the US$10bn mark in revenues. The Indian conglomerate has also reported ...

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