+91 70111 97831
  • About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Saturday, August 20, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    Hyundai becomes world's 3rd-largest Automaker

    Hyundai becomes world’s 3rd-largest Automaker

    FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

    FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata's investment

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

    This was the reason for Rakesh Jhunjhunwala's untimely demise

    This was the reason for Rakesh Jhunjhunwala’s untimely demise

    Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

    Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    India may ban Chinese phones under INR 12,000: Report

    India may ban Chinese phones under INR 12,000: Report

    CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

    CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    Hyundai becomes world's 3rd-largest Automaker

    Hyundai becomes world’s 3rd-largest Automaker

    FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

    FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

    Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata's investment

    GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

    This was the reason for Rakesh Jhunjhunwala's untimely demise

    This was the reason for Rakesh Jhunjhunwala’s untimely demise

    Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

    Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    India may ban Chinese phones under INR 12,000: Report

    India may ban Chinese phones under INR 12,000: Report

    CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

    CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home News

Reliance Industry is Actively Looking Forward to Strengthening its Digital Commerce

Anurag Tiwari by Anurag Tiwari
September 14, 2020
in News
Reliance Industry is Actively Looking Forward to Strengthening its Digital Commerce - Business Connect

Reliance Industry is Actively Looking Forward to Strengthening its Digital Commerce - Business Connect

Share on FacebookShare on Twitter

Reliance Industry is Actively Looking Forward to Strengthening its Digital Commerce

By: Ashwathy Nair

  • Reliance Industry Ltd has raised more than 2.2 lakh crore through stake sales.
  • Actively looking to acquire startups and mature companies in order to strengthen its digital commerce.
  • Reliance has been able to build a ‘digital layer’ on top of the existing ‘physical layer’.

Reliance Industry Ltd (RIL) has raised more than an amount of 2.2 lakh crore through stake sales, it is most likely to go on a shopping spree as the Covid-19 pandemic has concerned the prospects of cash-strapped businesses, which is making them to takeover targets.

The Reliance Industry is actively looking forward to acquiring the startups as well as mature companies, which will help them to strengthen its digital commerce, 5G, and fiber-to-the-home businesses to create India’s largest digital ecosystem with each side of telecom, retail, and payments.

In June, the Reliance Industry Ltd had said that it has become a zero-net debt, after offloading the stakes in the Jio Platforms unit in a back-to-back transaction with the strategic and financial investors.

“Reliance Industries will pay creditors when the payment is due. Currently, the company is planning to use the money it raised over the past few months to invest across businesses, rather than retire debt”.

According to a September 9 report, Kotak Institutional Equities said that the Reliance Industries is likely to make large investments in accordance to acquire a synergistic opportunity across businesses to organize its large cash balance and incremental free cash flow.

On September 9, the retail arm of Reliance Industry, Reliance Retail Ventures Ltd has sold a 1.75% stake for 7,500 crores to Silver Lake Partners, a private equity firm.

“Reliance Retail is likely to use a part of the fundraise for Future group acquisition pay-out/debt repayment,” said Axis Capital in a September 9 note.

According to the last month’s research note by BofA Securities, Reliance Industries has been able to build a ‘digital layer’ which is on top of the existing ‘physical layer’ of retail shops across the electronics, grocery, and apparels.

The report said adding to it that, Reliance Industry Ltd would most likely to have the JioMart app inside WhatsApp. “We expect Reliance Industries to increase its investments in supply chain and tech-enabled logistics so as to improve last-mile customer experience”.

In the last three years, Reliance Industry Ltd has made almost an acquisition of 30 startup space.

 

 

 

Previous Post

Trekmunk Pvt Ltd: Scaling New Heights

Next Post

Toyota Halts India Expansion Due to the Country’s High Tax Regime

Related Posts

Hyundai becomes world's 3rd-largest Automaker
News

Hyundai becomes world’s 3rd-largest Automaker

by Anurag Tiwari
August 20, 2022
0

Hyundai becomes world's 3rd-largest Automaker By Sanjay Maurya Hyundai Motor Group is now the third largest automaker in the world...

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left
News

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

by Anurag Tiwari
August 19, 2022
0

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left By Sanjay Maurya A total of 2.45...

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance& more

Krishna Janmashtami 2022: Is Janmashtami on August 18 or 19? Know the history, significance & more

August 18, 2022
GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata's investment

GoodFellows, a companionship startup by Shantanu Naiduwins Ratan Tata’s investment

August 17, 2022
This was the reason for Rakesh Jhunjhunwala's untimely demise

This was the reason for Rakesh Jhunjhunwala’s untimely demise

August 16, 2022
Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

August 12, 2022
Next Post
Toyota Halts India Expansion Due to the Country’s High Tax Regime - Business Connect

Toyota Halts India Expansion Due to the Country’s High Tax Regime

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Hyundai becomes world's 3rd-largest Automaker

Hyundai becomes world’s 3rd-largest Automaker

August 20, 2022
QUALITYKIOSK

QUALITYKIOSK

August 19, 2022
4point2 Technologies

4point2 Technologies

August 19, 2022
FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

August 19, 2022

Recent News

Hyundai becomes world's 3rd-largest Automaker

Hyundai becomes world’s 3rd-largest Automaker

August 20, 2022
QUALITYKIOSK

QUALITYKIOSK

August 19, 2022
4point2 Technologies

4point2 Technologies

August 19, 2022
FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

FIFA World Cup Qatar 2022: Ticket sales reached 2.45 Mn, 500,000 still left

August 19, 2022

Recommended

Zigma Global: A Pioneer In Landfill Waste Management

Zigma Global: A Pioneer In Landfill Waste Management

October 22, 2020
How to score full marks in the class 8 CBSE exam

How to score full marks in the class 8 CBSE exam

November 25, 2021

Most Popular

Hyundai becomes world's 3rd-largest Automaker
News

Hyundai becomes world’s 3rd-largest Automaker

August 20, 2022
QUALITYKIOSK
Lounge Interviews

QUALITYKIOSK

August 19, 2022
4point2 Technologies
Cover Story

4point2 Technologies

August 19, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 807, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail:

  • abhishek@businessconnectindia.in
  •  events@businessconnectindia.in
  •  info@businessconnectindia.in

Recent News

Hyundai becomes world's 3rd-largest Automaker

Hyundai becomes world’s 3rd-largest Automaker

August 20, 2022
QUALITYKIOSK

QUALITYKIOSK

August 19, 2022
4point2 Technologies

4point2 Technologies

August 19, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India