Reliance
- India
Mukesh Ambani to appeal against SEBI penalty
New Delhi: Reliance Industries Chairman Mukesh Ambani will appeal against the fine imposed by market regulator SEBI over alleged irregularities in a two-decade-old share issue in the company, the firm said on Thursday.…
- Business
Mukesh Ambani India’s richest with $84.5 bn, Gautam Adani 2nd: Forbes
New Delhi: Reliance Industries Chairman Mukesh Ambani topped the Forbes list of India’s 10 richest billionaires with a net worth of $84.5 billion, followed by Adani Group chief Gautam Adani. Amid the Covid-19…
- Business
Reliance infra & YES Bank announce sale transaction of Reliance Centre to YES Bank
Mumbai: Reliance Infrastructure Limited and YES Bank Limited announced a sale transaction of Reliance Centre, Santacruz, Mumbai to YES Bank. The transaction value is Rs1,200 crore. Entire proceeds from the sale of Reliance…
- Business
Delhi HC restrains Future Group from moving ahead with Rs 24K cr Reliance deal on Amazon’s plea
New Delhi: The Delhi High Court Thursday upheld the Singapore Emergency Arbitrator’s (EA) order restraining Future Retail Ltd (FRL) from going ahead with the Rs 24,713 crore deal with Reliance Retail to sell…
- News
You played ‘Narad’ to block Reliance-Future deal: FMCG distributors to Bezos
New Delhi, March 4 : All India Consumer Products Distributors Federation has written to Jeff Bezos, Chairman and CEO, Amazon that he decided to play ‘Narad’ to block the Reliance-Future deal. In…
- Business
Reliance net profit up 12 pc in Q3 at Rs 13,101 cr
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported a 12 per cent rise in December quarter net profit on improving oil-to-chemical business, strong continued momentum in retail and steady telecom…
- Business
Reliance buys furniture retailer Urban Ladder for Rs.182 crore
Mumbai: Furthering its attempt to expand its presence in India’s online retail market, Reliance Retail Ventures Limited (RRVL), a subsidiary of Mukesh Ambani-owned Reliance Industries Limited (RIL) on Sunday bought a 96…
- Business
Saudi Arabia’s PIF invests Rs 9,555 crore in Reliance Retail
Mumbai: Saudi Arabia’s Sovereign Fund — Public Investment Fund (PIF) is all set to buy a stake worth about Rs. 9,555 crore in the retail business of Mukesh Ambani-led Reliance Industries Ltd.…
- Business
Future may go into liquidation if the $3.38B Reliance deal fails
Mumbai: The Future Retail Ltd. (FRL) will go into liquidation if its deal to sell assets to Reliance Industries fails; the group told a Singapore arbitrator while arguing against Amazon Inc’s bid to…
- India
Reliance to rollback salary cuts, offers bonus in festive cheer
Mumbai: Reliance Industries Limited (RIL) will roll back salary cuts for the employees of its various divisions with retrospective effect, a statement from the company read. Reliance in April cut the salary of…
- Business
Amazon finds relief as Reliance-Future Group’s $3.4B deal put on hold
Mumbai: The U.S e-commerce giant Amazon on Sunday secured interim relief by stalling partner Future Group’s plan to sell its retail and wholesale assets to rival Reliance Industries Ltd for ₹24,713 crores ($3.4…
- India
Reliance raises Rs 7350 crore from two investors
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors — Singapore’s sovereign wealth fund GIC and Global alternative asset firm TPG — by…
- India
Mukesh Ambani earned 90 Cr per hour in lockdown; tops Hurun’s rich list
Mumbai: As the pandemic continues to ravage the world economies and businesses, India’s richest man and the chairman of Reliance Industries, Mukesh Ambani, earned Rs.90 crore every hour since the COVID-induced lockdown in…
- Business
Middle East SWF’s in talks to buy stake in Reliance Retail
Mumbai: Middle East sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA), Mudabala Investment and Saudi Arabia’s Public Investment Fund (PIF), are in talks to buy stakes in Mukesh Ambani-led Reliance Industries’…
- News
Stake sale, Future’s asset acquisition to boost RIL retail: Fitch
New Delhi: Reliance Industries’ plan to sell a stake in its retail subsidiary at an equity valuation of Rs 4.21 trillion and its proposed acquisition of Future Group’s retail business will solidify…
- 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…
- Top Stories
Ambani’s Reliance takes over Future Group for Rs 24,713 cr
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries on Saturday announced acquisition of Future Group for Rs 24,713 crore to bolster its fast growing retail business. “Reliance Retail Ventures Ltd (RRVL), subsidiary of…
- Technology
TikTok in India: Reliance may acquire video sharing app
Mumbai: Reliance Industries Limited (RIL) is likely to acquire the Bytedance-owned TikTok in India for $5 billion. As per the report, RIL had started talks with China-based Bytedance last month. However, both…
- Top Stories
How did Mukesh Ambani flourish during COVID-19 crisis?
Sruthi Vibhavari As the pandemic continues to ravage the world economies and businesses, Mukesh Ambani’s Reliance Industries Ltd. has become the first Indian company to reach the $150 billion market valuation mark.…
- India
Reliance Retail to get in global investors in few quarters
New Delhi: Reliance Industries Limited (RIL) chairman Mukesh Ambani on Wednesday announced that global partners and investors would be brought into the company’s retail arm — Reliance Retail in the next few quarters.…
- India
Reliance Jio heralds new era for ‘Make in India’ tech innovations.
Mumbai: Heralding a new era for the Indian tech ecosystem, Reliance Jio on Wednesday announced a slew of upcoming homegrown innovations like a 5G solution, interactive Jio TV+, a Mixed Reality (MR)…
- India
RIL-Aramco deal on track, Ambani says committed to partnership
Delhi: The blockbuster deal involving the world’s largest oil producer — Aramco picking up a minority stake in refinery business of India’s largest corporate house — Reliance Industries (RIL), is on track as…
- Stock Market
Sensex rallies over 400 pts; Reliance hits fresh peak
Mumbai: Equity benchmark Sensex rallied over 400 points in early trade on Monday, tracking gains in index-heavyweight Reliance Industries and strong signals from global markets. Reclaiming the 37,000 level in opening session,…
- Stock Market
Sensex, Nifty turn choppy; RIL jumps on KKR deal
Mumbai: Equity benchmark Sensex pared opening losses to turn positive in early trade on Friday amid gains in index-heavyweights Reliance Industries, Infosys and SBI. After starting over 250 points lower, the 30-share…
- India
KKR to invest Rs 11,367 cr into Jio platforms
Mumbai: KKR, the global investment firm based in New York, will invest Rs 11,367 crore into Jio platforms, which is the largest investment in Asia, said the Reliance Industries Limited (RIL) on…
- Stock Market
Sensex rallies over 500 pts; Reliance jumps 3 pc
Mumbai: Equity benchmark Sensex surged over 500 points in opening session on Monday as strong gains in index-heavyweights Reliance Industries, HDFC, Infosys and positive cues from global markets boosted market sentiment. After…
- Top Stories
Reliance to pay twice to those employees who earn below ₹30,000
NewDelhi: Reliance Industries Limited (RIL) announced a slew of measures to fight against deadly coronavirus infection spread across the country. Those who earn below ₹30,000 per month, will get their salaries twice a month in the…
- Business
Reliance Retail acquires Shri Kannan Departmental Store
Mumbai: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries (RIL), has acquired 100 per cent stake in Tamil Nadu-based Shri Kannan Departmental Store Private Limited for Rs 152.5 crore. RIL…
- Technology
Tough 2020 awaits Amazon, Flipkart as Reliance firms up plans
New Delhi: With more and more Indians taking the online route to fulfill their shopping needs, e-tailers like Amazon and Flipkart are witnessing high demands, including from far-flung and remote areas, but…
- Sports
PCB files damage claims against IMG-Reliance
New Delhi: The Pakistan Cricket Board (PCB) has filed a claim for damages against India-based IMG Reliance for pulling out of a deal to provide television coverage to the Pakistan Super League (PSL)…
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