Reliance Industries
- India
RIL’s March quarter net profit more than doubles
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported more than doubling of its March quarter net profit as consumer businesses of retail and telecom as well as petrochemicals saw sequential…
- India
Reliance Industries to set up 1,000-bed COVID-19 hospital in Gujarat
Ahmedabad: Reliance Industries Ltd (RIL) will set up a 1,000-bed COVID-19 hospital with oxygen facility at Jamnagar in Gujarat’s Saurashtra region where it operates the world’s largest crude oil refinery, with the 400-bed…
- Mumbai News
Antilia bomb scare: NIA arrests Mumbai Police inspector Sunil Mane
Mumbai: The National Investigative Agency (NIA) on Friday arrested Inspector of the Mumbai Police Crime Branch, Sunil Mane for his involvement in the Antilia bomb scare case. The other man accused in…
- Business
RIL target price at Rs 2,500: JM Financial
New Delhi: JM Financial has reiterated a buy with a target price of Rs 2,500 as Reliance Industries Limited (RIL) is entering a strong free cash flow generation phase with major capex completed…
- India
Students oppose inviting Nita Ambani as guest faculty at BHU
Mumbai: Students of the prestigious Banaras Hindu University (BHU) on Tuesday staged a demonstration outside the house of the university’s Vice-Chancellor Rakesh Bhatnagar over reports of an internal proposal to appoint Nita…
- Technology
HC ask if Amazon, Future open to resolve issue relating to Reliance deal
New Delhi: The Delhi High Court Monday sought to know whether US-based e-commerce giant Amazon and Kishore Biyani led Future Retail Ltd (FRL) were open to resolving the issue arising out of Rs…
- Top Stories
Abu Dhabi-based Mubadala to invest Rs 6.2K crore in Reliance Ventures
Mumbai: Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) on Thursday announced that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest Rs 6,247.5 crore (AED 3.1 billion) into…
- Business
Sensex rallies over 450 pts in early trade, Nifty tops 11,350
Mumbai: Equity benchmark Sensex rallied over 450 points in early trade on Thursday driven by gains in index-heavyweights HDFC duo, Reliance Industries, and ICICI Bank amid positive cues from US equities. The 30-share…
- Top Stories
Silver Lake to invest Rs 1,875 crore more into Reliance Retail
New Delhi: Reliance Industries Ltd (RIL) and Reliance Retail Ventures Ltd (RRVL) announced on Wednesday that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of RIL.…
- 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 billionaire Mukesh…
- 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 pre-money equity…
- 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 prices force…
- 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 workforce amid…
- 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 69 points…
- 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 proposes to…
- 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, Reliance became…
- 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 angle-acquiring 20…
- 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 the first…
- 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 telecom arm.…
- 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 opened mixed…
- 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 made using…
- 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 is reportedly…
- 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 Reliance is…
- 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 Holding Pte…
- 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 earlier called…
