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
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
"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
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
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
Revenues from digital services surged to Rs 22,628 crore in Q4FY21, compared to Rs 19,153 crore in the same quarter last year
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
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.
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
The company had posted a net profit of Rs 10,104 crore in the corresponding quarter last year
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
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
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
As part of the Facebook partnership, JioMart, a service that connects local stores to consumers, will be integrated into WhatsApp.
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
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
Facebook has bought a 9.9 percent stake in Reliance Jio in a multinational-dollar deal.
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, 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
Reliance Jio plans to offer new Bollywood releases into broadband-linked living rooms across India. Where will that leave multiplex operators?
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