Rating agency S&P Global has affirmed its 'BBB+' rating with a stable outlook on Reliance Industries (RIL), saying the company's leverage is poised to improve and stabilise over the next 12-24 months owing to disciplined spending, asset monetisation, and resilient earnings
Facebook-Jio deal a positive; concerns around flouting of net neutrality, data safety norms unfounded: Industry forum
Facebook's decision to invest $5.7 billion (about Rs 43,574 crore) in Jio Platforms is a big positive for India's digital services sector, and any apprehension that net neutrality or data protection norms may be flouted or consumer interest harmed, is "erroneous and far-fetched", industry body BIF said on Monday
Billionaire Mukesh Ambani's Reliance Industries has started limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest $5.7 billion in digital assets controlled by the company
International credit rating agencies Fitch Ratings and Moody's Investors Service on Thursday said the $5.7 billion Facebook deal will help Reliance Industries deleverage its balance sheet and monetise digital platforms
Sensex, Nifty trade in green in opening session: RIL stocks zoom, rallies over 7% after Facebook announces investment
Sensex rose over 200 points in opening trade lifted by strong gains in index heavyweight Reliance Industries even as weak cues from global markets weighed on overall market sentiment.