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Reliance Industries to raise Rs 53,125 cr via India's biggest rights issue, first-time after 30 years
• 5 years agoBillionaire Mukesh Ambani's Reliance Industries Ltd (RIL) on Thursday announced fund raising of Rs 53,125 crore by way of a 1:15 rights issue, the first such issue in nearly three decades, as it steps up efforts to pare debt
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.
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?
Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts
• 5 years agoFacebook'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
• 5 years agoReliance 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