Reliance Jio loses subscribers in October, active user base grows stronger
Dec 23, 2024, at 11:07 pm
New Delhi: Reliance Jio, India’s largest telecom operator, lost 3.76 million wireless subscribers in October but enhanced its active mobile subscriber base by adding 3.847 million users, news agency PTI reported, citing monthly data released by telecom regulator TRAI on Monday.
Reliance NU Suntech bags 930 MW solar project, 465 MW battery projects from SECI
Dec 17, 2024, at 05:28 pm
New Delhi: Reliance Power on Tuesday said its subsidiary, Reliance NU Suntech, has secured a 930 MW solar project and a 465 MW battery energy storage system (BESS) from the Solar Energy Corporation of India (SECI).
Reliance Industries buys 74% stake in Navi Mumbai IIA for Rs 1,628.03 cr
Dec 13, 2024, at 11:52 pm
Mumbai: Reliance Industries Limited (RIL) said Friday it has acquired a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore, media reports said.
Reliance Power announces renewable energy subsidiary; appoints CEO & COO
Dec 10, 2024, at 09:40 pm
Mumbai: Reliance Power announced the launch of its renewable energy subsidiary, Reliance NU Energies, on Tuesday.
Reliace's Viacom18 officially acquires jiohotstar.com domain name
Dec 04, 2024, at 10:38 pm
Mumbai: Viacom18 Media Pvt Ltd, a subsidiary of Reliance Industries, has officially acquired ownership of the domain jiohotstar. com, concluding a prolonged period of legal and commercial disputes, Business Standard reported.
Nov 16, 2024, at 05:49 am
New Delhi: Billionaire Mukesh Ambani's Reliance has urged India’s telecom regulator TRAI to reassess the potential impact of Elon Musk's Starlink and Amazon's Kuiper before allocating satellite spectrum, citing concerns over local players being disadvantaged, Reuters reported.
Reliance, Viacom 18, Walt Disney complete merger, creating India’s largest integrated media platform
Nov 15, 2024, at 05:30 am
Mumbai: Reliance Industries Limited (RIL), Viacom18 Media Private Limited, and The Walt Disney Company announced on Thursday the official completion of their merger, which combines Viacom18’s media and JioCinema businesses with Star India Private Limited (SIPL), media reports said.
Nov 13, 2024, at 11:50 pm
Mumbai: Reliance Retail is temporarily shutting down several stores in its Centro department chain as part of a strategic repositioning to emphasize its in-house brands and labels, many of which are launched in India under licensing partnerships, The Economic Times reported.
RIL preparing for Jio IPO in 2025, retail business to go public much later: Report
Nov 05, 2024, at 08:35 pm
Mumbai/IBNS: Reliance Industries Ltd. (RIL) plans to take Jio Platforms Ltd., its telecommunications subsidiary, public in 2025, Reuters reported, citing sources familiar with the matter.
Nvidia partnering with Reliance to build AI infra in India: Jensen Huang
Oct 24, 2024, at 07:36 pm
Mumbai/IBNS: Jensen Huang, the CEO of American chip maker Nvidia, announced on Thursday (Oct. 24) that the company is collaborating with Reliance Industries to develop artificial intelligence (AI) infrastructure in India.
Reliance Industries board approves 1:1 bonus issue for shareholders
Sep 06, 2024, at 07:32 am
Mumbai: Reliance Industries Ltd (RIL) on Thursday approved a 1:1 bonus issue, marking its first bonus offering since September 2017. Shareholders will receive one free share for each share held.
Reliance Industries bags 10 GWh ACC EV battery project under PLI scheme
Sep 05, 2024, at 03:03 am
New Delhi: Reliance Industries has secured a 10 GWh battery storage project under an incentives program designed to promote EV battery production, the government said on Wednesday.
After CCI, NCLT Mumbai approves Reliance-Disney merger
Aug 31, 2024, at 05:08 am
Mumbai: Following approval from the chief national competition regulator, the Mumbai bench of the National Company Law Tribunal (NCLT) has cleared the mega merger between Reliance-promoted Viacom18 and Walt Disney-owned Star India, paving the way for the creation of the country’s largest media empire, valued at over Rs 70,000 crore, media reports said.
Reliance, Disney merger will hurt competition, CCI warns
Aug 21, 2024, at 06:01 am
New Delhi: The Competition Commission of India (CCI) has made an initial assessment that the $8.5 billion merger between Reliance and Walt Disney’s media assets could harm competition, particularly due to their control over cricket broadcast rights, Reuters reported on Tuesday.
Reliance Industries consolidated profit drops Q1FY25 5% to Rs 15,138 cr
Jul 20, 2024, at 02:29 am
Mumbai: Mukesh Ambani-led Reliance Industries Ltd (RIL) reported an 11.5 percent rise in revenue, reaching Rs 2.58 lakh crore in the fiscal first quarter compared to the previous year, driven by growth across various segments.
Jio Financial Services gets RBI approval to become a core investment company
Jul 12, 2024, at 07:14 pm
New Delhi/IBNS: Jio Financial Services on Thursday (July 11) received the Reserve Bank of India's (RBI) approval to become a Core Investment Company (CIC) from a Non-Banking Financial Company (NBFC), the company said in an exchange filing.
Reliance Jio hikes tariff, highlights its 5G network and AI-enabled services
Jun 28, 2024, at 04:36 am
Mumbai: Reliance Jio Infocomm Ltd, India's largest telecom provider, announced a series of new unlimited plans set to take effect on July 3.
Govt receives Rs 11,300 cr as 5G spectrum auction ends, Airtel emerges top bidder
Jun 27, 2024, at 06:25 am
New Delhi: The auction for 5G spectrum for mobile radio services concluded with telecom firms bidding around Rs 11,300 crore, reported The Economic Times on Wednesday.
Reliance Power becomes debt-free company on standalone basis, pays all its debts and dues
Jun 11, 2024, at 08:08 pm
Mumbai/IBNS: Reliance Power, a part of Reliance Anil Dhirubhai Ambani Group, has become a debt-free company on a standalone basis clearing all outstanding debts and dues to lenders, reports said.
Reliance partnering up with Tech Mahindra and Nokia to offer 4G/5G network support in Ghana: Reports
May 28, 2024, at 06:55 pm
Mumbai/IBNS: After touching new heights with 5G network infrastructure in India, Mukesh Ambani, the chairperson of Reliance Industries -- India's most valuable company with a market cap of more than Rs 1989000 crore, is now planning to take his giant-killer telecom playbook to Africa and other continents.
Jio Financial Services plans Rs 36,000 cr deal with Reliance Retail: Report
May 24, 2024, at 10:49 pm
Mumbai: Jio Financial Services (JFS) is seeking shareholder approval for its subsidiary to acquire equipment worth Rs 36,000 crore from Reliance Industries' retail division as part of its plan to enter the device leasing market, according to a postal ballot notice, reported Reuters.
Jio Financial Services Q4FY24 net profit at Rs 310 cr; NII Rs 280 cr
Apr 20, 2024, at 02:10 am
Mumbai: Jio Financial Services registered a net profit of Rs 310 crore for the January-March quarter of the fiscal year 2023-24.
Mahindra Group enters hybrid renewable energy sector with Rs 1,200 cr investment
Apr 17, 2024, at 03:25 am
Mumbai: The Mahindra Group announced its entry into the hybrid renewable energy sector with a Rs 1,200 investment in a solar and wind project, a stock exchange filing said on Monday.
Jio Financial Services enters into JV with US-based BlackRock for wealth management and broking biz
Apr 17, 2024, at 02:14 am
Mumbai: Jio Financial Services has announced a joint venture with the US-based multinational investment company BlackRock for wealth management and broking operations in India.
Tesla may join hands with Reliance to manufacture EVs in India: Report
Apr 11, 2024, at 02:31 am
New Delhi: Tesla is exploring the possibility of forming a partnership with Reliance to set up its operations in India, media reports said.
Ambani, Adani collaborate as Reliance buys 26% stake in Adani Power project
Mar 29, 2024, at 02:58 am
Mumbai: In a first-ever collaboration between competing billionaires, Reliance Industries, led by Mukesh Ambani, has acquired a 26 percent stake in a Madhya Pradesh power project belonging to Gautam Adani.
RIL announces Rs 70,352 cr JV with Walt Disney
Feb 29, 2024, at 02:47 am
Mumbai: Reliance Industries, led by Mukesh Ambani, and Walt Disney announced on Wednesday the finalisation of binding agreements to establish a joint venture merging the operations of Viacom18 and Star India, media reports said.
Reliance Industries Q3FY24: Net profit grows 11% to Rs 19,641 cr retail, Jio, oil & gas business
Jan 20, 2024, at 06:42 am
Mumbai: Mukesh Ambani-led Reliance Industries reported a 10.9 percent year-on-year increase in its consolidated net profit to Rs 19,641 crore in the December quarter of the fiscal year 2023-24.
Reliance was, is and will remain a Gujarati company: Mukesh Ambani at Vibrant Gujarat Global Summit
Jan 11, 2024, at 07:12 pm
Gandhinagar/IBNS/UNI: Billionaire industrialist Mukesh Ambani highlighted his roots to the western state of Gujarat, which is also the homestate of Prime Minister Narendra Modi, at the Vibrant Gujarat Global Summit 2024 here on Wednesday.
Reliance e-commerce platform Ajio launches content-driven D2C platform Ajiogram
Nov 03, 2023, at 03:51 am
Mumbai: Reliance Industries-owned fashion e-commerce platform Ajio Thursday launched Ajiogram, a content-driven interactive e-commerce platform focused on Direct-to-Consumer (D2C) brands.