RELIANCE RETAIL
Reliance Jio IPO clock ticking: Can you still buy RIL for shareholders quota amid October 21 launch buzz?
On October 21, Reliance Jio is preparing to launch its IPO, aiming to raise around $3.8 billion. Eligible shareholders of Reliance Industries will have the chance to participate through the shareholder quota, which is available for a limited period. This public offering represents a prime opportunity for investors keen on Jio Platforms.
Vikas Khemani’s Carnelian Mutual Fund appoints Rajkumar Dhiman as CEO
Carnelian Mutual Fund has appointed Rajkumar Dhiman as CEO as Vikas Khemani’s asset management firm expands into mutual funds, with the fund house set to launch liquid and smallcap funds.
PepsiCo, Monster, Reliance Consumer Product win reprieve on 'energy drink' label ban in India
The regulator in June ordered makers of high-caffeine beverages sold as "energy drinks" to stop using the description, rejecting the industry's efforts to stall the move in a market expected to be worth $1.6 billion by 2028.
Jio IPO SWOT analysis: What the DRHP says about its growth story, moats and risks
Jio Platforms is gearing up for a landmark public offering to secure Rs 37,700 crore in funds, with subscriptions expected to commence on October 21. With an impressive customer base exceeding 524 million, Jio dominates India's wireless data landscape. The company is well-positioned to capitalize on opportunities like the shift from 2G to 4G and expanding enterprise connectivity.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian equities extended their rebound for a second session, with Sensex rising 685 points and Nifty gaining over 220 points. Falling crude prices, strong Q2 business updates and positive global cues lifted investor sentiment, adding nearly Rs 5 lakh crore to BSE market capitalisation.
Reliance, PepsiCo, Monster get court breather over Campa ‘energy drink’ label ban
FSSAI's order barring Reliance Industries from selling its Campa beverages as “energy drinks” has been put on hold. This is an interim relief for the company in its challenge against the labelling restriction. PepsiCo and Monster Beverage can also keep the "energy drink" label on products in India after the court's hold.
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DMart plunges 6.7% as Citi, Goldman retain sell call
Avenue Supermarts' shares fell by 6.7% on Monday amid worries about its competitive landscape and valuation concerns. Citi and Goldman Sachs upheld their sell recommendations following the company's recent second-quarter update. While the standalone revenue growth of 18.4% shows promise, analysts believe that the company's expansion may be hindered by escalating competition from quick-commerce services.
Retailers post high double-digit revenue growth in Q2 despite festive season shift
Retail companies have shown strong revenue growth in the July-September quarter of 2026. Avenue Supermarts Ltd reported an 18.4 per cent increase in standalone revenue, reaching Rs 19,206.18 crore. V-Mart Retail and V2 Retail also reported substantial year-on-year revenue growth during this period. The festive season has shifted by 19 days, impacting sales performance reports across retailers. October to December is expected to capture more festive-led retail demand this year.
Festive cheer shifts beyond metros as consumer brands bet big on small-town India
Consumer brands are turning to tier-2 and smaller cities for festive-season growth as urban consumption weakens. Titan, Nykaa, Biba, Fabindia and Forest Essentials are expanding their reach through sharper marketing, distribution and delivery, while Amazon has widened instant delivery to more cities, seeking to tap rising demand beyond metros.
Reliance Retail, 7-Eleven end a five-year India franchise deal as convenience stores struggle
Reliance Retail and 7-Eleven are ending their five-year franchise partnership in India, with most of their nearly 60 stores set to shut after failing to achieve profitability, people familiar with the matter said. The exit underscores the growing challenge for organised convenience retail from kiranas and rapidly expanding quick-commerce platforms.
In 2020, a UK entrepreneur invested £12,000 in a fashion side hustle; 4 years later, it generated £6 million a year and had reached an estimated £24 million valuation
£12,000 became the starting point for a fashion business that would reach almost £6 million in annual revenue. Aimee Smale launched OD Muse in September 2020 after saving the money through her job and late-night logo work. Four years later, the women’s clothing brand had reached just under £6 million in annual revenue and an estimated £24 million valuation.
Trump’s diesel squeeze may put Indian refiners in a sweet spot, and a bind
A potential US diesel export ban could worsen an already tight global fuel market by removing about 1.2 million barrels a day of supply at a time when Middle Eastern, Russian and Chinese exports are constrained. Europe would be particularly exposed, while India could gain export opportunities for its refiners but also face higher crude and domestic fuel costs as global buyers compete for scarce diesel.
Nayara Energy raises petrol price by Rs 5, diesel by Rs 3
Nayara Energy has raised petrol prices by Rs 5 a litre and diesel by Rs 3 across its more than 7,000 fuel stations as higher crude and refined-product prices squeeze margins. The move could widen the price gap with state-run retailers, which have largely kept pump prices unchanged despite rising international costs.
Jio Platforms IPO may open on October 21, issue estimated at $3.8 billion: Report
The IPO is expected to remain open until October 23, with the anchor book likely to open on October 19. The shares are targeted to list on the stock exchanges on October 28, although the timeline remains subject to market conditions and could change depending on developments in financial markets, the report added.
Nike's struggles test investor confidence in CEO Hill's turnaround effort
Nike has faced significant challenges under Elliott Hill, who was brought out of retirement to stabilize the company. Despite efforts to rebuild relationships with retailers and focus on sports products, revenue continues to decline. The company announced job cuts and projected further declines in sales and profit for the upcoming fiscal year. Nike is also contending with performance issues in its markets, particularly in China.
Khadi over the decades: How Gandhi’s fabric found a new life
Khadi remains an important symbol of India's independence and has significantly grown as a commercial entity. The sales and production of khadi textiles have increased dramatically over the past decade. Initiatives are underway to expand khadi's presence in global markets and enhance digital sales platforms. Strengthening artisans' skills and enhancing market competitiveness are key focus areas for future growth.
Govt warns Nayara, RIL-BP against fuel sales caps amid diesel curb reports
Oil secretary Neeraj Mittal stated that restricting fuel sales at pumps is unacceptable during a press conference. He emphasized that no companies are permitted to cap fuel sales. Reports indicate that Nayara Energy and Reliance Industries-BP joint venture have limited diesel sales. The increase in international diesel prices has affected the domestic supply. Mittal reiterated that the government's stance on this issue remains unchanged.
PepsiCo, Monster challenge India 'energy drink' label ban citing business impact
PepsiCo and Monster Beverage have initiated legal action against India's food regulator regarding a recent labeling ban. The regulator's directive requires companies to stop using the 'energy drink' label, citing health concerns. PepsiCo claims the ban will severely impact their investments and market presence. Similarly, Monster Beverage argues that the decision has caused significant financial losses and reputational damage.
Anup Saha: A grounded operator with a head for numbers
Anup Kumar Saha is set to take over as the CEO of Kotak Mahindra Bank in January 2027. His leadership style includes a focus on short meetings and direct communication with team members. Saha has a strong background in finance, having worked at various prominent financial institutions. His goals will include accelerating loan growth and building a diverse deposit base for the bank.
Jio Platforms IPO in final stages after concluding worldwide roadshows
Jio Platforms is on the verge of launching what is projected to be the largest public offering in India, targeting USD 3.8 billion. International roadshows spearheaded by Akash Ambani and Isha Ambani have garnered interest. Following approval from Sebi, Jio Platforms plans to release new equity shares, constituting about 2.9 percent of its base.
India will ask private fuel retailers to end sales rationing
India's Oil Secretary Neeraj Mittal announced that private fuel retailers must not ration fuel sales. Despite rising oil prices, there have been no changes to retail diesel and gasoline prices since May. Reliance Industries and Nayara Energy have limited fuel sales to curb losses from selling below market rates. State-run retailers are reportedly losing around 50 rupees per liter on diesel sales.
Gautam Adani overtakes Mukesh Ambani on Forbes India's 100 Richest list 2026: Check top 10 richest Indians and full list
In 2026, Gautam Adani reclaimed his position as India's richest person with a net worth of $112.7 billion. Mukesh Ambani fell to second place with a net worth of $86.3 billion after significant losses. Savitri Jindal retained her position as the richest woman in India, with a fortune of $39.8 billion. Lakshmi Mittal experienced the most significant increase in wealth, jumping to fourth place.
Mind the diesel retail-bulk gap
High global diesel prices are impacting government-owned refiners who maintain frozen retail prices for domestic customers. Private refiners like Nayara and Reliance are benefiting from these prices thanks to their dominance in exports. The disparity in diesel prices has created an avenue for diversion between market segments. Government-owned refiners face challenges managing surging demand at fuel pumps amid high crude oil costs.
Apple Pay launches in India: Here's everything you need to know
In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a collaboration with Axis Bank. Users holding Axis Bank cards can easily enact contactless transactions. The process of adding cards is straightforward with the Wallet app or the Axis Bank app, with no need for PINs or OTPs.
Jobs in line as IRDAI commission caps force insurance brokers to rethink models
Facing new commission regulations from the IRDAI, insurance brokers, including Quickinsure, are tweaking their business approaches. This pivot might cause a staggering loss of over 100,000 jobs as the industry reduces reliance on fixed sales teams. Brokers are expected to embrace more flexible cost structures and optimize sales output. Unfortunately, smaller brokers lack the established client base needed to weather these changes, risking their operational sustainability.
Fabletics opens first India store in Delhi with Reliance Brands
Fabletics, a global activewear brand, has opened its first store in India at DLF Promenade in New Delhi. The company partnered with Reliance Brands Limited for this launch, targeting fitness-conscious consumers in India. The store features an experiential design and a technology-driven fitting room system for enhanced customer experience.
Cheaper at pumps, costlier in bulk: Jio-bp, Nayara cap diesel sales; PSUs may follow: Report
Jio-bp and Nayara Energy have capped diesel purchases at their petrol pumps as industrial and bulk buyers shift to cheaper retail fuel, widening pressure on station inventories. The price gap between retail and bulk diesel has reached up to Rs 40 a litre, with IOC, BPCL and HPCL likely to follow.
From New York and London to Milan and Paris, Indian designers becoming regular presence on biggest fashion calendars
Indian fashion designers have debuted at major global fashion weeks, such as London and Milan, this September. These participation opportunities help enhance their international visibility and establish a global presence. Designers like Gursi Singh and Amrita Khanna showcase contemporary labels that attract attention from international buyers and press.
Reliance Consumer Products quadruples authorised capital to ₹40,000 crore as FMCG business scales up
Reliance Industries has expanded the authorised share capital of Reliance Consumer Products to ₹40,000 crore. The company has tripled its borrowing limit to ₹27,000 crore to support its FMCG operations. Executive directors T Krishnakumar, Ketan Mody, and Asim Parekh have had their tenures extended until 2030. Recent filings indicate a positive business outlook for FY 2026-27 for RCPL.
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