India s largest retailer paid ₹950 crore to buy an 89% equity stake in Clovia through a combination of secondary stake purchase and primary investment.
RSS Chief Mohan Bhagwat recently created quite a stir with his statements about the central government’s complacency in dealing with the COVID situation in India during his segment in Positivity Unlimited. He said that the government has let down its guard.
The Indian Council of Medical Research (ICMR) announced that a fake list being circulated all over social media using their name that was causing alarm. They clarified that they had not made of circulated the list, which contained a series of COVID protocols to be followed.
Billionaire Mukesh Ambani s Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years. It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report. The list is topped by US giant Walmart Inc, which retains its position as world s top retailer. Amazon.com Inc improved its position to rank second. Costco Wholesale Corporation of US slipped a rank to be placed third followed by Schwarz Group of Germany.
Reliance Retail is second fastest growing retailer in the world
By IANS |
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How retailers are securing the trust of consumers.. Image Source: IANS News
New Delhi, May 9 : Reliance Retail ranks 53rd in the list of Global Powers of Retailing by Deloitte, improves from 56th earlier.
It remains the 2nd fastest growing retailer in the world despite the base effect of being No.1 last year.
Reliance Retail features consecutively for the 4th time in the list of Global Powers of Retailing and World s Fastest Retailers.
Reliance Retail, last year s Fastest 50 leader, dropped to second place. The company recorded YoY growth of 41.8%, driven primarily by a 13.1% increase in the number of stores in its consumer electronics, fashion and lifestyle and grocery retail chains, to 11,784 stores across 7,000 plus towns and cities in India at fiscal year end.