|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,311.00 - 2,402.00|
|52-week range||2,180.00 - 2,856.15|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||27.21|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
BENGALURU (Reuters) -Reliance Industries Ltd's retail unit launched its first in-house premium fashion and lifestyle store on Thursday, as the billionaire Mukesh Ambani-led company continues to grab a bigger slice of India's luxury market. The new store chain called Azorte, the first of which was launched in Bengaluru, will compete with the likes of Mango and Industria de Diseno Textil SA (Inditex)-owned Zara, and cater to millenials and Gen Z. "The mid-premium fashion segment is one of the fastest growing consumer segments as millennials and the Gen Z are increasingly demanding the latest of international and contemporary Indian fashion," said Akhilesh Prasad, chief executive officer of the fashion and lifestyle arm of Reliance Retail.
BENGALURU (Reuters) -Reliance Retail, run by Indian billionaire Mukesh Ambani's conglomerate Reliance Industries Ltd, is in advanced talks to get the rights for beauty retailer Sephora in India, the Mint newspaper reported on Wednesday, citing two people familiar with the matter. Sephora's operations will transfer from Arvind Fashions Ltd to Reliance Retail if an agreement is reached, according to the report. Reliance, Arvind Fashions and Sephora did not immediately respond to Reuters' requests for comment.
Reliance Industries Ltd, operator of the world's biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said. "We are committed to maximize oil to chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials," Ambani said at an annual shareholders meeting. Reliance's two refineries at Jamnagar in western India have the capacity to process about 1.4 million barrels per day of crude.