Reliance Industries has launched its e-commerce portal, Jiomart, and aims to begin retailing groceries and fast-moving consumer goods online across India from early 2020, as it integrates its network of local stores.
Mukesh Ambani’s Reliance Industries Limited has proposed a scheme where shareholders of its unlisted subsidiary Reliance Retail will be able to exchange stock for shares of RIL in a move to enhance liquidity.
Lakme Fashion Week has teamed up with the International Institute of Fashion Design to launch the “INIFD LaunchPad” which will search for new design talent in five cities to feature at the fashion week’s next edition.
Mukesh Ambani’s Reliance Industries became the first Indian company to cross Rs 10 lakh crore in market value. Reliance Retail’s market capitalisation crossed Rs 5 lakh core as share prices rose dramatically.