In June, Mubadala invested Rs 9,093 crore in Jio Platforms, the digital services division of Reliance Industries. Several of the overseas investors in Jio have now turned their attention to Reliance Retail
The latest investment by KKR, which has a long history of building leading global enterprises, in Reliance Retail underscores its clear belief that the RIL unit is set to lead a disruptive, technology-led transformation of Indian retail sector particularly relevant in the post-pandemic India.
Silver Lake to invest Rs 7,500 cr in Reliance Retail for 1.75% stake; private equity firm holds 2.08% in Jio Platforms
With this deal, Jio Platforms and Reliance Retail now account for over Rs 9 lakh crore of RIL's valuation.
Jio Glass will allow users to join meetings in 2D like regular video calls or in 3D holographic form.
The RIL chairman also announced that his group''s digital arm Jio is developing a homegrown 5G telecom solution.
RIL AGM 2020: Sports form bedrock of any society, my dream to bring Olympics to India, says Nita Ambani
Nita Ambani is also a member of the International Olympic Committee.
Addressing shareholders, Reliance Industries chairman and managing director Mukesh Ambani said JioMeet saw 5 million downloads within hours of its launch.
Mukesh Ambani said since Jio started only four years ago, it is still a startup.
RIL AGM 2020: Reliance Retail at forefront of bringing about Organised Retail Revolution in India, says Mukesh Ambani
The company is also partnering with farmers, small and medium-scale manufacturers, merchants, vendors, start-ups and global companies.
RIL AGM 2020: JioMeet, Embibe helping students get access to quality education online, says Isha Ambani
According to Isha Ambani, Embibe is helping students fix learning gaps by letting candidates get access to subjects from any previous year.
Reliance Industries launches new virtual platform 'Chatbot' via WhatsApp, ahead of RIL's first online AGM tomorrow
For easy onboarding of its shareholders, RIL has launched an educative Chatbot via Whatsapp number +91-79771-11111 to nuance processing of logging in, asking questions, and voting on the resolution.
RBML is a Reliance industries and BP joint venture that will offer lubricants, fuels and EV charging
RBML aims to expand from its current fuel retailing network of over 1,400 retail sites to up to 5,500 over the next five years.
Intel to acquire 0.39% stake in Jio Platforms for Rs 1,895 cr; will be 12th firm to invest in Reliance Industries' digital arm
The Intel deal values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
The magazine recognised Nita Ambani for leading the Reliance Foundation in its efforts to help fight the coronavirus pandemic, feeding workers on the front lines of the battle, the poor and needy and for setting up India's first COVID-19 hospital.
Reliance Industries becomes debt-free after 11 financial investors pick up shares in Jio Platforms, rights issue subscribed 1.59 times
RIL raised more than Rs 168,818 crore in just 58 days through Rs 115,693.95 crore collected from investors in Jio and another Rs 53,124.20 crore from a rights issue.
Abu Dhabi fund Mubadala to invest Rs 9,093 cr in Jio Platforms; becomes sixth investor in Reliance Industries unit in as many weeks
The deals underline the status of Jio Platforms as a tech powerhouse and its ability to dominate India’s booming digital economy.
Reliance Industries' mega rights issue largest in world by non-financial issuer in 10 years, says analyst
Oil-to-telecom conglomerate Reliance Industries Ltd's rights issue opened for the subscription of shareholders on 20 May 20 and will close on Wednesday.
Shares hold on gains for fifth straight session; Kotak Mahindra Bank shares offset impact of Moody's ratings cut
Kotak Mahindra Bank was the top gainer in the Sensex pack, rising around 7 percent, followed by M&M, Sun Pharma, Hero MotoCorp, Bajaj Finance, Tata Steel, Bharti Airtel and HCL Tech.
Govt's unlock Phase 1.0 enthuses markets: Sensex soars 879 points, Nifty jumps to 9,800-level; Bajaj Finance top gainer at around 11%
The Sensex surged driven by gains in Reliance Industries, HDFC twins and TCS as investor optimism heightened after the government began the process of unlocking the economy.
Seven of top 10 most valued companies add Rs 1.76 lakh cr in m-cap; HDFC Bank emerges biggest gainer
HDFC rallied Rs 24,733.64 crore to Rs 2,87,407.32 crore.