Reliance Industries-limited

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Reliance Industries-limited - Total results - 95
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

Jio-Facebook deal looks at local level e-commerce; to cover education, health gradually: Mukesh Ambani
Business

Jio-Facebook deal looks at local level e-commerce; to cover education, health gradually: Mukesh Ambani

Reliance Jio and Facebook will look to use WhatsApp for delivering goods from local neighborhood Kirana stores to consumers before expanding collaboration in education and healthcare sector, billionaire Mukesh Ambani said soon after announcing the mega Rs 43,574 -crore deal

RIL shares zoom over 10% on Rs 43,574-cr Jio-Facebook deal; market cap rallies Rs 80,710 cr
Business

RIL shares zoom over 10% on Rs 43,574-cr Jio-Facebook deal; market cap rallies Rs 80,710 cr

Shares 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

Facebook invests Rs 43,574 cr in Reliance Jio for 9.99% stake; becomes largest minority shareholder
Business

Facebook invests Rs 43,574 cr in Reliance Jio for 9.99% stake; becomes largest minority shareholder

The investment values Jio Platforms amongst the top 5 listed companies in India by market capitalization, within just three and a half years of launch of commercial services

Eight of top 10 Indian firms add Rs 80,943 cr in market capitalisation; Reliance Industries zooms among frontline entities
Business

Eight of top 10 Indian firms add Rs 80,943 cr in market capitalisation; Reliance Industries zooms among frontline entities

In the top-10 ranking, Reliance Industries was placed at the numero uno position, followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, ITC, ICICI Bank and Bajaj Finance

Reliance Industries shares surge as much as 11% after Mukesh Ambani announces deal with Saudi Aramco
Business

Reliance Industries shares surge as much as 11% after Mukesh Ambani announces deal with Saudi Aramco

Ambani announced that telecom unit Jio will begin offering fibre-based broadband services from next month

RIL plans to launch Reliance Retail IPO after June this year, bets big on consumer businesses
Business

RIL plans to launch Reliance Retail IPO after June this year, bets big on consumer businesses

In January, Reliance Retail jumped 95 places on Deloitte's Global Powers of Retailing 2019 index, to reach the 94th spot as revenues soared