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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.

Jio-bp opens its first petrol pump at Navde, Navi Mumbai
India

Jio-bp opens its first petrol pump at Navde, Navi Mumbai

Jio-bp will also set up a network of EV charging stations and battery swap stations, at its Mobility Stations and other standalone locations, called Mobility Points

Reliance Brands announces strategic partnership with Manish Malhotra, to acquire 40% stake in his luxury brand
Business

Reliance Brands announces strategic partnership with Manish Malhotra, to acquire 40% stake in his luxury brand

This is the first external investment for the brand, which had so far been privately held by the designer, its founder and creative director

RIL invests in Germany's Nexwafe, gets access to proprietary low-cost tech for PV-cell production
Business

RIL invests in Germany's Nexwafe, gets access to proprietary low-cost tech for PV-cell production

RIL intends to leverage NexWafe’s technology to set up giga-scale wafer manufacturing facilities in India, to serve the domestic and the global markets. Reliance and NexWafe have entered into an India Strategic Partnership Agreement for joint development and commercialisation at scale of high-efficiency, monocrystalline “green solar wafers”.

RIL strikes back-to-back deals; acquires Norway's REC Solar, 40% in Sterling & Wilson Solar for Rs 8,645cr
Business

RIL strikes back-to-back deals; acquires Norway's REC Solar, 40% in Sterling & Wilson Solar for Rs 8,645cr

Ambani said the acquisition is in line with Reliance's strategy of investing in new and advanced technologies and operating capabilities aimed at achieving the goal of enabling 100 GW clean and green energy before the end of this decade.

CSIR-NCL, RIL manufacture useful moulded plastic components from COVID-19 PPE waste
India

CSIR-NCL, RIL manufacture useful moulded plastic components from COVID-19 PPE waste

Ever since the COVID-19 outbreak, there has been a substantial increase in demand for single-use plastic items such as PPE, masks, gloves, etc and their incineration adds to already high pollution levels

RIL to create 100 GW out of 450 GW renewable energy target of India, says Mukesh Ambani
India

RIL to create 100 GW out of 450 GW renewable energy target of India, says Mukesh Ambani

Ambani said that his company is fully committed to the cause and will create or enable at least 100 GW out of 450 GW renewable target of India by 2030.

RIL to invest 75,000 cr in Jamnagar for green energy complex, says Mukesh Ambani
Business

RIL to invest 75,000 cr in Jamnagar for green energy complex, says Mukesh Ambani

Speaking at the event, Ambani said, "PM Modi has set the goal to reach 400 gw of renewable energy capacity by 2030. Out of this, Reliance will establish at least 100 gw of solar energy by 2030."

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

Full text of Mukesh Ambani's speech at RIL AGM 2021: 'Even in challenging environment, RIL’s performance continued to be outstanding'
Business

Full text of Mukesh Ambani's speech at RIL AGM 2021: 'Even in challenging environment, RIL’s performance continued to be outstanding'

Reliance will create and offer a fully integrated, end-to-end renewables energy eco-system. Over the next three years, the company will invest over Rs 60,000 crore in the eco-friendly initiatives

RIL AGM 2021: RIL-Saudi Aramco deal likely this year; Yasir Al-Rumayyan joins board
Business

RIL AGM 2021: RIL-Saudi Aramco deal likely this year; Yasir Al-Rumayyan joins board

Ambani had in August 2019 announced talks for the sale of a 20 percent stake in the oil-to-chemicals (O2C) business to the world’s largest oil exporter

Reliance AGM 2021: 'Confident to be the first one to launch full-fledged 5G services', says Mukesh Ambani
News & Analysis

Reliance AGM 2021: 'Confident to be the first one to launch full-fledged 5G services', says Mukesh Ambani

Ambani also announced that Jio 5G standalone network have been deployed in data centres and trial sites in Navi Mumbai.

RIL AGM 2021: Reliance Retail to create 10 lakh jobs, on a hyper growth trajectory, says Mukesh Ambani
Business

RIL AGM 2021: Reliance Retail to create 10 lakh jobs, on a hyper growth trajectory, says Mukesh Ambani

As India’s largest grocery retailer, Reliance Retail sold over a billion units of groceries or about 30 lakh units per day, Ambani said

Reliance AGM 2021: JioPhone Next, an 'ultra-affordable' 4G smartphone, announced; to go on sale on 10 September
News & Analysis

Reliance AGM 2021: JioPhone Next, an 'ultra-affordable' 4G smartphone, announced; to go on sale on 10 September

The 4G smartphone has been co-developed by Jio and Google and will feature an optimised version of Android OS.

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

'No plans to enter contract farming': Key takeaways from the Reliance Industries' media statement
India

'No plans to enter contract farming': Key takeaways from the Reliance Industries' media statement

RIL has filed a petition in the Punjab and Haryana High Court seeking to bring an end to incidents of vandalism of Jio towers

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

Saudi Arabia’s PIF picks up 2.04% stake in Reliance Retail for Rs 9,555 crore
Business

Saudi Arabia’s PIF picks up 2.04% stake in Reliance Retail for Rs 9,555 crore

With this investment, a record eighth by marquee global investors, Reliance Retail Ventures Limited (RRVL) is now valued at a pre-money equity value of Rs 4.587 lakh crore (around $62.4 billion)

Mubadala buys 1.4% of Reliance Retail; Abu Dhabi-based company to invest Rs 6,247.5 cr in RIL unit
India

Mubadala buys 1.4% of Reliance Retail; Abu Dhabi-based company to invest Rs 6,247.5 cr in RIL unit

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

General Atlantic to invest Rs 3,675 crore in Reliance Retail for 0.84 percent stake
Business

General Atlantic to invest Rs 3,675 crore in Reliance Retail for 0.84 percent stake

The investment values Reliance Retail at a pre-money equity value of Rs 4.28 lakh crore, which is more than the previous two deals done at a valuation of Rs 4.21 lakh crore