Reliance Retail: The revenue from operations surged 23.75 per cent to Rs 74,373 crore in the December quarter of FY24. Gross revenue was up 22.83 per cent to Rs 83,063 crore. The retail arm of billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) posted a net profit of Rs 2,400 crore in the October-December quarter of FY2022-23, and its revenue from operations was Rs 67,623 crore.
Qatar s sovereign wealth fund, Qatar Investment Authority (QIA), is considering a minority stake in Mukesh Ambani s Reliance Retail Ventures, valuing the business at around $100 billion.