Reliance Retail launches new store format

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⭐ Reliance Retail launches new store format

Reliance Retail has launched a new fashion and lifestyle departmental store format, Reliance Centro. The first store was opened in New Delhi. Reliance Centro will cater to the mid-premium segment of shoppers and will have a range of over 300+ Indian and International brands. Reliance Retail is a subsidiary of Reliance Industries.

 ⭐ Adani to invest $100 billion over 10 years

Adani Group plans to invest $100 billion over the next 10 years, with a major focus  on energy transition. Nearly $70 billion of the investment amount is earmarked for development of an integrated hydrogen-based value chain. Further, in addition to its existing 20 GW renewables portfolio, the new business will be augmented by 45 GW of hybrid renewable power generation spread over 100,000 hectares.

⭐ Torrent Pharma acquires Curatio Healthcare

Multinational pharmaceutical company Torrent Pharmaceuticals has announced the acquisition of Curatio Healthcare for ₹2,000 crore. Curatio Healthcare has a strong presence in the cosmetic dermatology segment with a portfolio of over 50 brands. The acquisition will help strengthen Torrent Pharma’s presence in the fast-growing dermatology segment.

Global markets (at 7:30 AM today)

Fact of the day

The RBI recently launched UPI Lite, a newer version of Unified Payments Interface (UPI), which will allow users to transact upto ₹200 even without an internet connection.   

Source: Economic Times