<p>Reliance Retail, a subsidiary of Mukesh Ambani run Reliance Industries Limited (RIL), plans to roll out multiple cash-and-carry format stores for wholesale business across the country, after getting an encouraging response from the first such store launched in the city of Ahmedabad. With this initiative, Reliance Retail hopes to offer numerous national and international brands […]
Reliance Industries ropes in Navin Wadhwani to head M&A
<p>Mukesh Ambani led Reliance Industries Limited (RIL), India’s most valued private sector firm, has decided to bring in Navin Wadhwani , ex-managing director at NM Rothschild and Sons (India) Pvt. Ltd, to head its new mergers and Acquisition (M&A) division. Wadhwani will be responsible for setting up a dedicated M&A team for RIL that will […]
Naguib Sawiris : The Hypocrite and the Dictator
In the Arab world, the reputation of a businessman often comes down to his relationship with dictators and corrupt political leaders. This is particularly true in the case of telecom operators pushing for contracts in war-torn Iraq. Whereas most Western entrepreneurs were frightened to enter the region, let alone set up business there, Naguib Sawiris, […]
Transform Procurement into Powerful Financial Management Function
by William Gindlesperger, Chief Executive Officer, e-LYNXX Corporation Wikipedia — the popular Internet encyclopedia — defines procurement as "the acquisition of goods and/or services at the best possible total cost of ownership, in the right quality and quantity, at the right time, in the right place and from the right source for the direct […]
DAF in Nita Ambani’s Responsible Hands
Much of what the top corporates do in the name of Corporate Social Responsibility is an extension of sharing the success with society in which they work. India’s biggest network, Reliance Group is among the most illustrious corporate which have a tradition of thinking beyond business goals. Reliance treats the world as a family and […]
Job Cuts in the United States
Bank of America said it will cut about 7,500 jobs after it closes its acquisition of Countrywide Financial Corporation, a mortage lender. The job cuts amount to about 12.5 per cent of the combined companies’ mortgage, home equity and insurace business, after the purchase is completed this week. The Charlotte-based bank said the cuts will […]
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