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After partnership with luxury maisons like Valentino, Manish Malhotra and Abu Jani Sandeep Khosla, Mukesh Ambani-backed Reliance Industries is in another effort to make luxury fashion accessible by bringing Spanish luxury house Balenciaga to India by 2023. 
Reliance Brands Ltd (RBL), a unit of the conglomerate, said in a statement it would be Balenciaga's sole partner in India and this partnership will be RBL’s second with the parent group Kering, that houses Balenciaga. 
Founded by Spanish-born Cristóbal Balenciaga in 1917 and established in Paris in 1937, the original house of Balenciaga defined modern couture with its many innovations to form and technique. 

Reliance to bring Spanish luxury brand, Balenciaga to India by this year

Reliance to bring Spanish luxury brand Balenciaga to India

Get ready to shop at Balenciaga in India

Reliance has been on a dealmaking spree, signing franchise agreements with brands like Valentino, Gap and British coffee and sandwich chain Pret-A-Manager&nbsp;

The House of Ambani is adding one more luxury brand to it's offering. Mukesh Ambani-backed Reliance brands is bringing Spanish luxury house Balenciaga to India.&nbsp; Reliance Brands Ltd (RBL), a unit of the conglomerate, said in a statement it would be Balenciaga's sole partner in India and this partnership will be RBL&rsquo;s second with the parent group Kering, that houses Balenciaga.&nbsp;
Founded by Spanish-born Crist&oacute;bal Balenciaga in 1917 and established in Paris in 1937, the original house of Balenciaga defined modern couture with its many innovations to form and technique.&nbsp;
Reliance Brands Ltd(RBL) has a portfolio of brand partnerships with leading global brands, including Armani Exchange, Burberry, Canali, Coach, Diesel, Dune, Emporio Armani, Gas, Giorgio Armani, Hamleys, Hugo Boss, Jimmy Choo, Michael Kors, Versace, Villeroy &amp; Boch and West Elm.

The government on Friday announced an increase in taxes on the export of petrol, diesel, and aviation turbine fuel (ATF). The centre has also mandated exporters to meet the requirements of the domestic market first. The government has levied a&nbsp;₹6 per litre tax on exports of petrol and ATF and&nbsp;₹13 per litre on exports of diesel.This has a big impact on Mukesh Ambani backed Reliace Industries and state-owned ONGC who are the largest crude&nbsp; exporters for India.The government also slapped a ₹23,230 per tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices.
The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US.
The tax on domestically produced crude oil follows local producers reaping windfall gains from the surge in international oil prices.

Breaking News: Govt raises taxes on export of ATF, diesel and petrol

The government on Friday announced an increase in taxes on the export of petrol, diesel, and aviation turbine fuel (ATF).

Taxing times for Mukesh Ambani

The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel

The government on Friday announced an increase in taxes on the export of petrol, diesel, and aviation turbine fuel (ATF). The centre has also mandated exporters to meet the requirements of the domestic market first. The government has levied a&nbsp;₹6 per litre tax on exports of petrol and ATF and&nbsp;₹13 per litre on exports of diesel. This has a big impact on Mukesh Ambani backed Reliace Industries and state-owned ONGC who are the largest crude&nbsp; exporters for India. The government also slapped a ₹23,230 per tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices.
The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US.
The tax on domestically produced crude oil follows local producers reaping windfall gains from the surge in international oil prices.

If you thought a settlement was on the anvil for the big fight between Bezos, Biyani and Ambani think again! E-commerce giant Amazon has taken the gloves off and placed ads in leading Indian newspapers, accusing Future Retail and Reliance of "fraud" after Reliance took over many of Future's stores.“The actions have been done in a clandestine manner by playing a fraud on the constitutional court of India, the arbitral tribunal and Indian statutory authorities/agencies,” Amazon.com NV Investment Holdings LLC said in public notice placed in newspapers on Tuesday.On a day that the apex court was supposed to hear the case pressing for an out of court settlement, Amazon has  added in it's public notice that “all persons concerned to notice that any attempt by FRL and its promoters to transfer/dispose/alienate any of its retail assets is in violation of binding orders of the arbitral tribunal which operate as orders of an Indian court and any party assisting or cooperating in such fraudulent and contumacious actions will be liable for civil and criminal consequences under law"Amazon has been embroiled in the battle for stake in Kishore Biyani's debt laden Future Retail claimed by Mukesh Ambani for Rs 25,000 cr.  Reliance has started to take control of the properties under Future Retail even as the case continues in the Supreme Court. 
 

Amazon vs Future: Gloves come off as Amazon calls RIL deal fraud in public notice

E-commerce giant Amazon has taken the gloves off and placed ads in leading Indian newspapers, accusing Future Retail and Reliance of "fraud" after Reliance took over many of Future's stores.


 Gloves come off as Amazon calls RIL deal fraud in public notice

Lawyers from both Amazon and Future Group are expected to update the apex court on an out-of-court settlement

If you thought a settlement was on the anvil for the big fight between Bezos, Biyani and Ambani&nbsp;think again! E-commerce giant Amazon has taken the gloves off and placed ads in leading Indian newspapers, accusing Future Retail and Reliance of "fraud" after Reliance took over many of Future's stores.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/paytm-s-vijay-shekhar-reassures-no-data-shared-outside-india-1647260579454" target="_blank">Paytm stock slides further even as CEO reassures data security</a> &ldquo;The actions have been done in a clandestine manner by playing a fraud on the constitutional court of India, the arbitral tribunal and Indian statutory authorities/agencies,&rdquo; Amazon.com NV Investment Holdings LLC said in public notice placed in newspapers on Tuesday. On a day that the apex court was supposed to hear the case pressing for an out of court settlement, Amazon has&nbsp; added in it's public notice that&nbsp;&ldquo;all persons concerned to notice that any attempt by FRL and its promoters to transfer/dispose/alienate any of its retail assets is in violation of binding orders of the arbitral tribunal which operate as orders of an Indian court and any party assisting or cooperating in such fraudulent and contumacious actions will be liable for civil and criminal consequences under law" Amazon has been embroiled in the battle for stake in Kishore&nbsp;Biyani's&nbsp;debt laden Future Retail claimed by Mukesh&nbsp;Ambani&nbsp;for Rs 25,000 cr.&nbsp; Reliance has started to take control of the properties under Future Retail even as the case continues in the Supreme Court.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/adani-piramal-poonawala-all-eyeing-to-acquire-this-business-from-anil-ambani-1647234962717" target="_blank">Adani, Piramal, Poonawala all eyeing to acquire this business from Anil Ambani</a>
&nbsp;

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