Reliance Industries Limited

Reliance Industries Limited News

Reliance Industries Q4 profit rises 22.5% to Rs 16,203 crore; first Indian company to cross $100 billion annual revenue
Business

Reliance Industries Q4 profit rises 22.5% to Rs 16,203 crore; first Indian company to cross $100 billion annual revenue

Reliance operates four business verticals -- O2C business includes its oil refineries, petrochemical plants, and fuel retailing business; a retail business that houses brick-and-mortar stores and e-commerce; digital services that cover telecom arm Jio; and new energy business

Reliance Industries to own new cricket team in Emirates Cricket Board's new UAE T20 league
First Cricket News

Reliance Industries to own new cricket team in Emirates Cricket Board's new UAE T20 league

"The move is the first major overseas expansion of Reliance Industries' cricket operations in the global franchise-based leagues," according to a release.

Reliance's Rs 75,000 cr plan can truly democratise access to energy in India, unlock potential of solar power
India

Reliance's Rs 75,000 cr plan can truly democratise access to energy in India, unlock potential of solar power

This 25-year plan combines new technologies, with economies of scale and industrial heft and the ability to deliver in bulk and on time

RIL AGM 2021: Mukesh Ambani unveils Rs 75,000-cr mega plan to put India on global solar, hydrogen energy map
Business

RIL AGM 2021: Mukesh Ambani unveils Rs 75,000-cr mega plan to put India on global solar, hydrogen energy map

RIL AGM 2021: Reliance Industries chairman Mukesh Ambani said that the company will build solar manufacturing units, a battery factory to store energy, a fuel cell-making factory and an electrolyser unit to produce green hydrogen as a part of the business

Reliance consolidated profit doubles to Rs 13,227 crore in Q4; petrochem revenue rises 4.4%
Business

Reliance consolidated profit doubles to Rs 13,227 crore in Q4; petrochem revenue rises 4.4%

Revenues from digital services surged to Rs 22,628 crore in Q4FY21, compared to Rs 19,153 crore in the same quarter last year

Reliance Retail picks up 96% stake in online furniture retailer Urban Ladder for Rs 182 crore
Business

Reliance Retail picks up 96% stake in online furniture retailer Urban Ladder for Rs 182 crore

RRVL proposes to make a further investment of up to Rs 75 crore. Further investment is expected to be completed by December 2023

Abu Dhabi Investment Authority to invest Rs 5,512.5 crore in RIL retail arm; joins Silver Lake, KKR among others
Business

Abu Dhabi Investment Authority to invest Rs 5,512.5 crore in RIL retail arm; joins Silver Lake, KKR among others

The investment by ADIA in Reliance Retail Ventures Limited in exchange for a 1.2 percent stake values the company, India’s largest retailer, at a pre-money equity value of Rs 4.285 lakh crore.

Reliance Industries' retail arm RRVL to acquire Future Group businesses for Rs 24,713 cr
Business

Reliance Industries' retail arm RRVL to acquire Future Group businesses for Rs 24,713 cr

The Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group on a slump sale basis

Reliance Industries Ltd reports 31% year-on-year rise in net profit during Q1
Business

Reliance Industries Ltd reports 31% year-on-year rise in net profit during Q1

The company had posted a net profit of Rs 10,104 crore in the corresponding quarter last year

Will induct global partners in Reliance Retail in upcoming quarters, says Mukesh Ambani
India

Will induct global partners in Reliance Retail in upcoming quarters, says Mukesh Ambani

According to Ambani, Reliance Retail has already started to pilot a grocery model for its e-commerce venture, JioMart, with kirana partners.

RIL AGM 2020: Mukesh Ambani announces new entertainment platform JioTV+,  mixed reality headset Jio Glass
India

RIL AGM 2020: Mukesh Ambani announces new entertainment platform JioTV+, mixed reality headset Jio Glass

Jio TV+ will curate OTT platforms such as Netflix, Amazon Prime Video and Hotstar, among others, into one app.

Abu Dhabi Investment Authority to invest Rs 5,683.5 crore into Jio Platforms; RIL unit has raised nearly Rs 1 lakh crore in past 7 weeks
Business

Abu Dhabi Investment Authority to invest Rs 5,683.5 crore into Jio Platforms; RIL unit has raised nearly Rs 1 lakh crore in past 7 weeks

The series of investments in Jio, which runs movie, news and music apps as well as the telecom company Jio Infocomm, was led by a 9.99 percent stake sale to Facebook Inc for Rs 43,574 crore on 22 April.

Reliance Jio reports 73% growth, reveals more details about Facebook-Jio partnership and potential benefits to SMBs
News & Analysis

Reliance Jio reports 73% growth, reveals more details about Facebook-Jio partnership and potential benefits to SMBs

As part of the Facebook partnership, JioMart, a service that connects local stores to consumers, will be integrated into WhatsApp.

Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post-COVID crisis
Business

Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post-COVID crisis

Facebook's Rs 43,574 crore-investment in Jio Platforms earned accolades from industry leaders on Wednesday, even as some internet activists raised privacy concerns

Construct of FB-Jio deal does not mean that two sides will not compete in the market: Facebook
Business

Construct of FB-Jio deal does not mean that two sides will not compete in the market: Facebook

Facebook 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

Anand Mahindra lauds Reliance Jio-Facebook deal; says 'Bravo Mukesh!' on Twitter
Business

Anand Mahindra lauds Reliance Jio-Facebook deal; says 'Bravo Mukesh!' on Twitter

Anand Mahindra, Group Chairman, Mahindra lauded Mukesh Ambani, Chairman, Reliance Industries for mega Rs 43,574 -crore Reliance Jio-Facebook deal.

Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering
Business

Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering

Reliance Jio plans to offer new Bollywood releases into broadband-linked living rooms across India. Where will that leave multiplex operators?

Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts
Business

Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts

Facebook's move to pick up about 10 percent stake in Jio Platforms will accelerate Jio's digital monetisation drive and put Reliance Industries (RIL) on course to turn net debt-free by March 2021, analysts said on Wednesday