Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, has received a new investment from global investment firm KKR. Through an affiliate, KKR will invest 2,069.50 crore rupees (about $250 million) into RRVL, increasing its equity stake from 1.17% to 1.42%, KKR said in a Monday (Sept....
It’s reportedly a good time to be a “shadow bank” in India. These nonbanks are seeing a flood of investor money amid rising credit demand by consumers, the Financial Times (FT) reported Monday (Aug. 7). For example, Bain Capital last month bought a majority stake...
The door opens for investors to bet on the digital front door, in India. The premise and promise of the super app is to give a single point of entry (the front door) to a range of activities spanning everything from ride-hailing to commerce to...
Meta is taking advantage of consumers’ daily need for food to integrate commerce into its social offerings in India, enabling users to make purchases the same way they interact with their friends. On Monday (Aug. 29), the company announced the launch of its “first end-to-end...
May 27, 2024
India-based Jio Financial Services is looking to go into the device leasing business. The financial services provider published a postal ballot notice saying it is seeking shareholder approval to acquire 360 billion rupees ($4.33 billion) worth of telecom equipment and devices from the retail arm of Reliance Industries, Reuters reported Monday (May 27). These devices […]
September 11, 2023
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, has received a new investment from global investment firm KKR. Through an affiliate, KKR will invest 2,069.50 crore rupees (about $250 million) into...
August 08, 2023
It’s reportedly a good time to be a “shadow bank” in India. These nonbanks are seeing a flood of investor money amid rising credit demand by consumers, the Financial Times...
August 29, 2022
Indian telecommunications giant Reliance Industries, the parent company of mobile network Jio, is working with Google to develop “ultra-affordable” 5G smartphones. Reliance Chairman and Managing Director Mukesh Ambani announced the...
