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Reliance Industries to hive off $75 bn oil-to-chemical business into separate unit for sale to Aramco
• 5 years agoReliance Industries Ltd (RIL), India's largest company, on Thursday said its board has approved hiving off its $75 billion worth oil-to-chemicals business into a separate division to enable the sale of 20 percent stake in the unit to Saudi national oil company Aramco
Reliance Industries Q4 results: Net profit at Rs 6,546 cr; announces India's biggest rights issue of Rs 53,125 cr
Fp Staff • 5 years agoReliance Industries has declared a dividend of Rs 6.50 per equity share of Rs 10 each for the financial year ended 31 March, 2020.
Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post-COVID crisis
• 5 years agoFacebook's Rs 43,574 crore-investment in Jio Platforms earned accolades from industry leaders on Wednesday, even as some internet activists raised privacy concerns
Reliance Jio-Facebook $5.7 bn partnership: Mark Zuckerberg-led social media firm to get deeper access to India; deal to help reduce RIL debt burden
Fp Staff • 5 years agoFacebook has bought a 9.9 percent stake in Reliance Jio in a multinational-dollar deal.
Reliance Jio-Facebook deal: 'Marriage of two super powers, will be a transformational partnership for India', say experts
Fp Staff • 5 years agoFacebook is investing $5.7 billion in Reliance Industries Ltd's (RIL) Jio Platforms
Anand Mahindra lauds Reliance Jio-Facebook deal; says 'Bravo Mukesh!' on Twitter
Fp Staff • 5 years agoAnand Mahindra, Group Chairman, Mahindra lauded Mukesh Ambani, Chairman, Reliance Industries for mega Rs 43,574 -crore Reliance Jio-Facebook deal.
Reliance Jio-Facebook deal: 'Unlikely to spark any fresh round of tariff war', says brokerage firm Jefferies
Fp Staff • 5 years agoReliance Jio's tariffs are already at a 7-20 percent discount to those of peers.
RIL shares zoom over 10% on Rs 43,574-cr Jio-Facebook deal; market cap rallies Rs 80,710 cr
• 5 years agoShares of Reliance Industries on Wednesday jumped over 10 percent after Facebook announced an investment of $5.7 billion (Rs 43,574 crore) to buy a 10 percent stake in Jio Platforms
Construct of FB-Jio deal does not mean that two sides will not compete in the market: Facebook
• 5 years agoFacebook and Jio will look to drive synergies and areas of collaboration but the mega-deal does not mean that the two sides will not compete in the market, officials said on Wednesday
Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering
Narayanan Madhavan • 5 years agoReliance Jio plans to offer new Bollywood releases into broadband-linked living rooms across India. Where will that leave multiplex operators?