On December 31 2020, the newsrack service will be shut down permanently.

It has been a nice long run from the Sarai days in 2004 to being hosted on its own domain around 2006. Beside maintenance, there has been no real active development on the code or the features since early 2008. Since 2015, even all that maintenance was pretty bare bones. A lot of news sources no longer provide reliable RSS feeds and since mid 2018, there were growing issues with the service and I only kept it alive to assist a handful of users.

So, it is time to shut this down. The internet world in 2020 is vastly differently from 2003 when I first conceptualized this service. Thanks for using this all these years.

If you need to access any data, email me: subbu at newsrack.in

 
User: rohan Topic: Foreign Direct Investment in Retail
Category: Big Box Retailers :: Reliance
Last updated: Nov 24 2020 03:54 IST RSS 2.0
 
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CCI clears Reliance Retail-Future Group deal 20.11.2020 Rediff: Business
The Competition Commission has approved Reliance's proposed acquisition of retail, wholesale, logistics and warehousing businesses of Future Group. The Rs 24,713 crore deal that would boost Reliance Industries' fast growing retail business was announced in August. In a tweet on Friday, the regulator said it has approved "acquisition of retail, wholesale, logistics and warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited".
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Reliance Retail raises Rs 47,265 cr for 10% stake sale 20.11.2020 Rediff: Business
Since September, Reliance Retail has raised money from Silver Lake, KKR, Mubadala, Abu Dhabi Investment Authority , GIC, TPG, General Atlantic and Saudi Arabia's Public Investment Fund in a divestment programme that mirrored sister Jio Platforms a few months earlier.
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What if Kishore Biyani wins the battle against Amazon? 20.11.2020 Rediff: Business
Experts say Biyani will now become a contract manufacturer of fashion and FMCG products, with the Reliance group being one of his customers.
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Just when Indian startups were struggling for funds, Reliance jumped into the acquisition game 19.11.2020 Scroll.in - News that matters
Reliance Retail Ventures recently acquired 96% stake in online furniture portal Urban Ladder for Rs 182.12 crore.
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Reliance Retail Ventures acquires equity shares in Urban Ladder Home Décor Solutions 17.11.2020 Projects Monitor

Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries (RIL) has acquired equity shares of Urban Ladder Home Décor Solutions (UrbanLadder) for a cash consideration of around Rs 182.12 crore. The said investment represents approximately 96 percent holding in the equity share capital of UrbanLadder. RRVL has a further option of acquiring the balance stake, […]

The post Reliance Retail Ventures acquires equity shares in Urban Ladder Home Décor Solutions appeared first on India's first NewsPortal on Projects.

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Amazon accuses Future of insider trading 15.11.2020 Rediff: Business
Amazon has shot off yet another letter to market regulator Sebi, accusing Future Retail of insider trading and called for an investigation as the US online retailer looks to ratchet up pressure against the Future-RIL deal. Future Group, however, vehemently denied the charges, saying these allegations were "Amazon's ill-motivated attempts to throw everything at the situation to stultify the transaction."
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Reliance's retail arm picks 96% stake in Urban Ladder 15.11.2020 Rediff: Business
Urban Ladder was incorporated in India on February 17, 2012. Besides online, the company has presence in offline channels and operates a chain of retail stores in several cities across India.
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Reliance acquires majority stake in furniture retailer Urban Ladder for Rs 182 crore 15.11.2020 Scroll.in - News that matters
Reliance Retail has proposed to further invest up to Rs 75 crore, which may be done by December 2023.
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Delhi HC seeks Amazon reply on Future Retail plea to stop it from interfering in Reliance deal 11.11.2020 Scroll.in
The court has asked Amazon, Future Coupons and Reliance Retail to file their written statements in 30 days.
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PIF to infuse Rs 9,555 crore in Reliance Retail Ventures 6.11.2020 Projects Monitor

The Public Investment Fund (PIF) will make an investment of Rs 9,555 crore (around USD 1.3 billion) for an equity stake of 2.04 percent into Reliance Retail Ventures (RRVL), a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of Rs 4.587 lakh crore (approximately USD 62.4 billion). PIF has signed […]

The post PIF to infuse Rs 9,555 crore in Reliance Retail Ventures appeared first on India's first NewsPortal on Projects.

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Saudi Arabia's PIF invests Rs 9,555 cr in RIL Retail 5.11.2020 Rediff: Business
Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.587 lakh crore.
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Future Group vs Amazon: The 5 big legal hurdles 4.11.2020 Rediff: Business
While Amazon is expected to approach either Mumbai or Delhi high court to enforce the interim order of SIAC, the Future Group, too, is likely to challenge the order. Legal experts also expect the Reliance group to expedite the process for regulatory clearances in the deal.
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Future Retail files caveat in Delhi HC against Amazon 3.11.2020 Rediff: Business
Kishore Biyani led-Future Group has filed a caveat before the Delhi high court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Anticipating a move by Amazon, which had got an interim arbitration award in its favour, putting the announced deal on hold, the Future Group firm has moved the Delhi high court.
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Amazon-Future dispute: What Biyani is likely to do 3.11.2020 Rediff: Business
Experts say Future group will look for an out-of-court settlement with help from Reliance in the Amazon matter.
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Reliance Q2 net falls 15% on weak oil business 31.10.2020 Rediff: Business
A plunge in fuel demand after the raging pandemic forced people to stay home and stifled the economy dealt a body blow to the firm's traditional cash cow oil refining and petrochemicals, even as consumer-facing businesses, which account for 35 per cent of the oil-to-telecom-to-retail conglomerate's revenues, continued to do well.
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With or without the Future Group deal, Reliance is ahead of Amazon in India’s retail industry 28.10.2020 Scroll.in - News that matters
The tech giant has won an interim order against Reliance’s bid to buy the retail business of Future Group.
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Sensex plunges 540 points; RIL tanks 4% 26.10.2020 Rediff: Business
Bajaj Auto was the top laggard in the Sensex pack, tumbling around 6 per cent, followed by M and M, Reliance Industries (RIL), Tata Steel, Tech Mahindra, SBI, Axis Bank and ICICI Bank. NSE Nifty tumbled 162.60 points or 1.36 per cent to 11,767.75.
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Sensex closes 540 points lower as auto, bank stocks drag, Reliance Industries slips 4% 26.10.2020 Scroll.in
Decline in Reliance’s shares came a day after a Singapore arbitration panel restrained its Rs 24,713-crore deal with Future Group.
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Retailers defy pandemic woes to add new stores 26.10.2020 Rediff: Business
Real estate experts say rentals have corrected by 5-10 per cent across formats, including office, retail and housing, with a pick-up expected over the next few quarters as the economy recovers.
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Amazon gets interim relief as arbitration panel puts Future-Reliance deal on hold 26.10.2020 Scroll.in
The Kishore Biyani-led group had signed an agreement to sell retail, wholesale, logistics and warehousing units to Reliance Retail Ventures Limited.
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