Jio, Google Cloud to collaborate on 5G technology to enable Indians access 'superior connectivity'
Jun 25, 2021, at 04:26 am
Mumbai/IBNS: Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited, and Google Cloud are embarking on a comprehensive, long-term strategic relationship with a goal of powering 5G in enterprise and consumer segments nationwide.
Jun 25, 2021, at 04:13 am
Mumbai/IBNS: Google and Jio on Thursday shared details around their jointly developed made-for-India smartphone called JioPhone Next coming later this year.
Reliance Industries performance exceeded expectations despite pandemic: Mukesh Ambani
Jun 24, 2021, at 08:34 pm
Mumbai/IBNS: Reliance Industries chief Mukesh Ambani on Thursday said that the group exceeded performance expectations despite the pandemic, but what matters most is the humanitarian service provided by the group during the crisis in the country.
Reliance Industries moves up by 5.90 pc to Rs 2094.90
May 28, 2021, at 11:40 pm
Mumbai/UNI: Reliance Industries on Friday spurted by 5.90 pc to Rs 2094.90 a major gainer in 30 scrips of BSE.
Reliance Industries now largest producer of medical oxygen from a single location
May 02, 2021, at 07:49 pm
As India grapples with an unprecedented new wave of the Covid 19 pandemic, the nation’s largest private sector company Reliance Industries has emerged as the country’s largest producer of medical oxygen from a single location.
Mar 22, 2021, at 09:31 pm
New Delhi/IBNS: The Delhi High Court on Monday 'stayed' the March 18 order of Delhi High Court's single-judge bench that restrained Future Retail Ltd's (FRL) Rs 24,713 crore deal with Reliance Retail, which was objected to by US-based e-commerce giant Amazon, media reports said.
Mar 22, 2021, at 02:23 am
New Delhi/IBNS: Kishore Biyani-led Future Group has challenged the ruling of Delhi High Court's single-judge bench, upholding Singapore International Arbitration Centre's order that restrained Future Retail Ltd's (FRL) Rs 24,713 crore deal with Reliance Retail, a deal that was opposed by US-based e-commerce giant Amazon, media report said.
Mar 19, 2021, at 02:43 am
Delhi/IBNS: The Delhi High Court has restricted Future Retail from selling its business to Reliance Retail, which was challenged by e-commerce giant Amazon, upholding the Singapore International Arbitration Centre's order, said media reports.
Reliance acquires majority equity stake in US-based skyTran Inc.
Mar 01, 2021, at 06:30 am
Mumbai/IBNS: Reliance Strategic Business Ventures Limited (“RSBVL”), a wholly owned subsidiary of Reliance Industries Limited, announced that it has acquired additional equity stake in its investee company skyTran Inc. (“skyTran”) for a consideration of USD 26.76 million increasing its shareholding to 54.46% on a fully diluted basis.
SC stays sale of Future Group's assets to Reliance
Feb 23, 2021, at 04:23 pm
New Delhi/IBNS : The Supreme Court has put a hold on the regulatory approval of the sale of 's $3.4 billion retail assets of Future Group to Reliance Industries Ltd, delaying the sale which will boost Amazon.com Inc which is trying to stop the deal in a bid to grab the biggest market share in India, according to Bloomberg report..
Reliance Industries moves down by 5.36 pc to Rs 1939.70
Jan 25, 2021, at 11:03 pm
Mumbai/UNI: Reliance Industries on Monday tumbled down by 5.36 pc to Rs 1939.70 a major loser in 30 scrips of BSE.
SEBI approves sale of Future Group's retail asset to Reliance with conditions
Jan 21, 2021, at 10:28 pm
Mumbai/IBNS: The Securities Exchange Board of India (SEBI) has cleared the Rs 24,713 crore retail asset sale of Future Group to Mukesh Ambai-led Reliance Industries, which is being challenged by global e-commerce major Amazon.
Reliance Jio makes all domestic voice calls free again from today
Jan 01, 2021, at 08:17 pm
Mumbai/IBNS: The Reliance Jio has once again made all domestic voice calls free from Jan 1, 2021.
Reliance and bp announce first gas from Asia’s deepest project
Dec 19, 2020, at 05:31 pm
Mumbai/IBNS: Reliance Industries Limited (RIL) and bp Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India.
Reliance Industries to invest USD50 mn in BEV
Nov 13, 2020, at 10:39 pm
Mumbai/UNI: Reliance Industries has entered into a definitive agreement, for making capital contribution, up to USD 50 million, in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, newly incorporated under the Delaware State Laws, United States of America.
General Atlantic to invest Rs. 3,675 crore in Reliance Retail Ventures
Sep 30, 2020, at 03:01 pm
Mumbai: Reliance Industries Limited and Reliance Retail Ventures Limited announced on Tuesday that General Atlantic, a leading global growth equity firm, will invest Rs. 3,675 crore into RRVL, a subsidiary of Reliance Industries.
Reliance acquires majority stake in Netmeds
Aug 19, 2020, at 07:11 pm
Mumbai/UNI: Mukesh Ambani's Reliance Industries Limited (RIL) said that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately Rs 620 crore.
Reliance Power & JERA sign loan agreement for gas-fired power generation project in Bangladesh
Jul 31, 2020, at 09:51 pm
Mumbai/UNI: ADAG group company Reliance Power Limited and JERA Co., Inc. (JERA), through their project company, are developing a new gas-fired power generation project in Bangladesh.
Google to invest Rs. 33,737 crore in Jio platforms for a 7.73% stake
Jul 16, 2020, at 05:33 am
Mumbai/IBNS: Reliance Industries Limited, Jio Platforms Limited and Google LLC on Wednesday announced the signing of binding agreements for an investment of Rs. 33,737 crore by Google into Jio Platforms.
Public Investment Fund to invest Rs. 11367 crore in Jio Platforms
Jun 19, 2020, at 09:22 am
Mumbai/IBNS: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, on Friday announced an investment of Rs. 11,367 crore by The Public Investment Fund (“PIF”).
State Bank of India initiates steps to recover $158 million from Anil Ambani
Jun 15, 2020, at 03:52 pm
Mumbai/IBNS: State Bank of India is taking steps to recover the two guarantees furnished by former billionaire Anil Ambani, which according to a news report is worth over $158 million, according to news reports.
Mubadala to invest ₹ 9,093.60 crore in Reliance's Jio Platforms
Jun 05, 2020, at 11:48 pm
Mumbai/IBNS: Reliance Industries Limited and Jio Platforms Limited on Friday announced that Mubadala Investment Company, the Abu Dhabi-based sovereign investor, will invest ₹ 9,093.60 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore.
Abu Dhabi-based Mubadala to invest Rs 9,093.60 crore in Reliance Jio platforms
Jun 05, 2020, at 09:24 am
Mumbai/UNI/IBNS: Reliance Industries Limited and Jio Platforms Limited, India’s leading digital services platform, announced on Friday that Abu Dhabi-based sovereign investor Mubadala Investment Company will invest Rs 9,093.60 crore in Jio Platforms.
US-based firm Vista Equity Partners to invest Rs 11,367 crore in Reliance Jio Platforms
May 08, 2020, at 09:32 am
Mumbai/IBNS: Reliance Industries Limited on Friday announced that US-based Vista Equity Partners will invest Rs 11,367 crore in Jio Platforms.
After Facebook deal, Mukesh Ambani becomes Asia's richest person again
Apr 23, 2020, at 02:24 pm
Mumbai/IBNS: Indian businessman Mukesh Ambani pipped China's Jack Ma to once again become Asia's richest person after striking a deal with Mark Zuckerberg's Facebook Inc. a day ago, media reports said.
Reliance industries rallied by 10.30 pc to Rs 1363.35
Apr 22, 2020, at 04:55 pm
Mumbai/UNI: Reliance industries on Wednesday surged by 10.30 pc to Rs 1363.35 was the major gainer in 30 scrips of BSE.
ONGC gets back Panna-Mukta fields after 25 years of operations by Shell, Reliance and ONGC JV
Dec 21, 2019, at 09:41 pm
Mumbai/IBNS: ONGC has been handed over the Panna-Mukta oil and gas fields after 25 years of operations by the Panna-Mukta and Tapti (PMT) Joint Venture partners.
Nita Ambani elected to board of Metropolitan Museum of Art
Nov 13, 2019, at 01:54 pm
Mumbai/UNI: Nita Ambani, educationist, philanthropist and wife of Reliance Industries Chairman Mukesh Ambani has been named an Honorary Trustee of The Metropolitan Museum of Art.
Reliance Industries to set up wholly-owned subsidiary for digital platform initiatives
Oct 26, 2019, at 01:50 am
Mumbai/IBNS: The Board of Directors of Mukesh Ambani-led Reliance Industries Limited (RIL) on Friday approved the formation of a wholly-owned subsidiary (“WOS”) for Digital Platform initiatives and investment of Rs. 1,08,000 crore in the WOS through Optionally Convertible Preference Shares (OCPS).
Kıvanç Tekstil joins hands with Reliance to create sustainable future
Jul 08, 2019, at 11:45 pm
Mumbai / Istanbul, Jul 8 (IBNS): Reliance Industries Ltd (RIL), India’s largest private sector company and an integrated polyester producer, has joined hands with Turkey’s textile behemoth, Kıvanç Tekstil, to manufacture and market R|Elan GreenGold, a sustainable and innovative fabric 2.0, to leading apparel brands and consumers across the world.