Reliance Industries
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Top Stories
Reliance Industries offers Amazon $20 bn stake in retail arm
New Delhi: Mukesh Ambani’s Reliance Industries is offering to sell a roughly $20 billion stake in its retail arm to Amazon.com Inc, Bloomberg News reported on Thursday. The oil-to-telecoms conglomerate led by…
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News
Silver Lake to invest Rs 7,500 cr in Reliance Retail
Mumbai: Reliance Industries Limited (RIL) on Wednesday announced that Silver Lake will invest Rs 7,500 crore into its subsidiary Reliance Retail Ventures Limited (RRVL). The investment values RRVL at a…
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Middle East
Saudi Aramco to buy $15 bn stake in Reliance Industries
Riyadh: Saudi Aramco has revealed that it is still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business. However, lower oil…
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Business
COVID-19: Reliance Industries initiates work-from-home for staff
Mumbai: India’s largest firm Reliance Industries said on Thursday it has initiated work-from-home for its staff while keeping open consumer-facing businesses of hospital, retail stores and telecom with a minimum…
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Stock Market
Equity indices flat in volatile trading, Yes Bank jumps 20 pc
Mumbai: Equity benchmark indices wobbled during early hours on Wednesday as their Asian peers dropped amid spreading coronavirus (Covid-19) globally. At 10:15 am, the BSE S&P Sensex was down by…
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Business
Reliance Industries arm acquires stake in NowFloats Technologies
Mumbai: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly-owned subsidiary of Mukesh Ambani-led Reliance Industries, has acquired 85 percent of equity shares in NowFloats Technologies for Rs 141.63 crore. RSBVL…
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Stock Market
Sensex gains 279 points, Reliance Industries up by 3.8 pc
Mumbai: Equity benchmark indices traded with a positive bias during early hours on Wednesday with Mukesh Ambani-led Reliance Industries being the star performer after gaining 3.8 percent. A day earlier,…
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Middle East
Saudi Aramco IPO lists RIL investment, expansion in India
NEW DELHI: Saudi Aramco launched has its prospectus for the world’s biggest IPO with a potential largest ever company valuation of estimates ranging wildly from $1.2-2.3 trillion, with an India…
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Business
Reliance Industries reports 6.8 pc rise in net profits
Mumbai: Reliance Industries Limited (RIL) on Friday reported a 6.8 per cent rise in its net profit in the first quarter of the financial year 2019-20. RIL’s net profit for…
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Business
Reliance raises $1.85 billion long-term loan to infuse into Jio
Mumbai: Mukesh Ambani-led Reliance Industries has signed pacts with overseas lenders to avail long-term loans of 1.85 billion dollars (about Rs 12,850 crore) to finance its capital expenditure for the…
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Stock Market
Sensex in red, Reliance Industries down 1.57%
Mumbai: Indian equities traded in red during the morning trade session on Monday after opening slightly higher. Index heavyweight Reliance Industries was down 1.56 percent on the BSE. Asian shares…
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Business
RIL’s R|Elan ‘Fashion For Earth’, LFW celebrate World Environment Day with #EarthTee2 theme
Mumbai: Reliance Industries Ltd’s (RIL) R|Elan ‘Fashion for Earth’ in partnership with Lakme Fashion Week (LFW) on Wednesday celebrated ‘World Environment Day’ with a theme #EarthTee2. The limited-edition #EarthTee2 are…
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Technology
‘Super app’ to place Reliance Jio in pole position
NEW DELHI: As Mukesh Ambani, Chairman and Managing Director, Reliance Industries, prepares to officially launch world’s largest online-to-offline new e-commerce platform and give jitters to Amazon and Walmart-Flipkart, Reliance Jio…
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Business
Reliance denies any cash payment deal to Venezuela’s PDVSA for oil
Mumbai: Reliance Industries on Saturday denied involvement in any arrangements that lead to cash payments for oil supplies to Venezuelan government oil company PDVSA via third parties. Reports suggesting that…
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Business
Mitsui OSK Lines to acquire a stake in six group companies of Reliance
Mumbai: Japanese shipping major Mitsui OSK Lines (MOL) will acquire strategic stake in six group companies of Mukesh Ambani-led Reliance Industries Ltd (RIL), it was announced on Wednesday. Reliance Ethane…
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Business
Brookfield to acquire Reliance’s East-West Pipeline for Rs 13,000 crore
Mumbai: Brookfield Asset Management has said that its India Infrastructure Trust (InvIT) will invest Rs 13,000 crore to acquire Reliance Industries-owned East West Pipeline. The loss-making East West Pipeline was…
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