Ambanis have no plans to relocate in London or anywhere else: RIL
Nov 06, 2021, at 07:36 am
Mumbai/IBNS: Reliance Industries Limited (RIL) has denied the reports in the media that its Chairman Mukesh Ambani or his family have any plans to relocate to London.
Reliance Jio announces price of 4G budget smartphone JioPhone Next
Oct 30, 2021, at 12:57 am
Mumbai/IBNS: Reliance Jio announced Friday announced the prices of much awaited JioPhone Next. Customers can buy the JioPhone Next in India from Reliance Jio by just paying Rs 1,999, and pay the remaining amount through easy EMIs.
Saudi Aramco Chairman Al-Rumayyan appointed to Reliance board after shareholders' approval: Report
Oct 22, 2021, at 03:01 am
Mumbai/IBNS: Reliance Industries Ltd Thursday announced that the resolution to induct Saudi Aramco Chairman Yasir Al-Rumayyan as an independent director to its board has been passed by a required majority of its shareholders, according to media reports.
Reliance New Energy Solar acquires 40 percent stake in Sterling & Wilson Solar
Oct 11, 2021, at 08:06 pm
Mumbai/UNI: Reliance Industries announced that its subsidiary New Energy Solar Ltd (RNESL) acquired 40 per cent stake in renewables firm Sterling & Wilson Solar Ltd (SWSL).
Oct 01, 2021, at 09:40 pm
Mumbai/IBNS: Reliance Industries Ltd. (RIL) has justified the inclusion of Saudi Aramco chairman Yasir Al-Rumayyan as an independent director, saying that the appointment meets all the regulatory criteria, pending shareholder approval on the decision.
US pension fund to vote against Saudi Aramco chairman Al-Rumayyan's appointment to RIL board: Report
Sep 24, 2021, at 11:39 pm
The California State Teachers' Retirement Fund (CalSTRS) has decided to vote against the appointment of Saudi Aramco's chairman Yasir Al-Rumayyan as an independent director to the board of Mukesh Ambani's Reliance Industries, according to a media report.
Airtel, Jio hail government's reforms for telecom industry
Sep 16, 2021, at 07:34 am
Mumbai/IBNS: The Union Cabinet on Wednesday approved a relief package for the stressed telecom sector which will give telecom companies more time to pay their long outstanding dues, including a four-year moratorium on spectrum installment which is due in April 2022.
Aug 06, 2021, at 09:19 pm
New Delhi/IBNS: The Supreme Court on Friday ruled that Reliance Retail and Future Retail cannot go ahead with their Rs 24,713 crore deal, in a boost to US-based e-commerce giant Amazon.
Reliance will complete $15 billion oil deal with Aramco in 2021
Jun 25, 2021, at 05:44 am
Mumbai/IBNS:Reliance Industries will fulfill the $15 billion oil deal with Aramco this year, Mukesh Ambani said at the 44th Annual General Meeting of Reliance Industries on Thursday.
RIL announces Saudi Aramco chairman Yasir Al-Rumayyan as independent director
Jun 25, 2021, at 04:37 am
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani on Thursday announced Saudi Aramco as its strategic partner and Yasir Al-Rumayyan as an independent director in its board.
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.
Low-cost 4G smartphone JioPhone Next announced in RIL AGM
Jun 24, 2021, at 08:56 pm
Mumbai/IBNS: Low-cost 4G smartphone, JioPhone Next, was announced at the RIL AGM 2021on Thursday.
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.
Mukesh Ambani to address RIL AGM 2021
Jun 24, 2021, at 07:03 pm
Mumbai/IBNS: Reliance Industries Limited (RIL) will have its 44th Annual General Meeting virtually from 2 pm on Thursday.
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.
Mukesh Ambani Asia's richest again after China's Zhong Shanshan loses $22 billion in net worth
Feb 27, 2021, at 05:35 pm
Mumbai/IBNS: Mukesh Ambani is once again Asia's richest man after China's Zhong Shanshan's networth fell more than $22 billion, reported Bloomberg.
No plans to enter contract farming, confirms Reliance industries
Jan 04, 2021, at 10:53 pm
Mumbai/UNI: Mukesh Ambani Controlled Reliance Industries Limited (RIL) on Monday said that the company has no plans of entering contract or corporate farming and it has not purchased any agricultural land in India for the purpose of contract farming.
Saudi sovereign fund PIF invests Rs 9,555 cr for 2.04% stake in Reliance Retail Ventures Ltd
Nov 06, 2020, at 07:41 am
Mumbai/IBNS: Mukesh Ambani led Reliance Industries Ltd on Thursday announced that Saudi Arabia's sovereign Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04% in Reliance Retail Ventures Limited (RRVL).
Mukesh Ambani's net worth falls after RIL stock prices tumble post Q2FY21 results : Reports
Nov 03, 2020, at 04:19 am
Mumbai/IBNS: Reliance Industries Chairman and Asia's richest man Mukesh Ambani lost $6.8 billion from his net worth on Monday as his company's shares slipped the most in the last seven months, said media reports.
Adia to invest INR 5,512.50 crore in Reliance Retail Ventures
Oct 07, 2020, at 05:57 am
Mumbai/IBNS: Reliance Industries Limited and Reliance Retail Ventures Limited on Tuesday announced that a wholly-owned subsidiary of the Abu Dhabi Investment Authority will invest INR 5,512.50 crore into RRVL, a subsidiary of Reliance Industries.
Global investor KKR to invest INR 5,550 crore in Reliance Retail Ventures
Sep 24, 2020, at 03:43 pm
Mumbai/IBNS: Reliance Industries Limited and Reliance Retail Ventures Limited announced on Wednesday that global investment firm KKR will invest INR 5,550 crore into RRVL, a subsidiary of Reliance Industries.
Reliance Retail in advance talks with Silver Lake to sell 1.8 pc stake: Report
Sep 04, 2020, at 11:26 pm
New Delhi/IBNS: The retail wing of billionaire Mukesh Ambani controlled Reliance Industries Ltd (RIL) is reportedly in the final stage of talks with US private equity investor Silver Lake to offload 1.7 per cent to 1.8 per cent stake for about Rs 7,500 crore in what could be the first such deal by the retail giant to raise funds, said a media report.
Reliance Retail buys Future Group's retail, supply chain and other business for Rs 24,713 cr
Aug 30, 2020, at 03:28 am
Mumbai/IBNS: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, Saturday announced that it is acquiring the retail and wholesale as well as logistics and warehousing businesses of the Future Group for Rs 24,713 crore as going concerns on a slump sale basis, according to media reports.
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 Industries chairman Mukesh Ambani 5th richest after Mark Zuckerberg
Jul 23, 2020, at 04:40 am
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has been ranked the fifth richest man in the world by the Real-Time Billionaires List by Forbes magazine.
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.
Reliance Industries to become net carbon free by 2035, says chief Mukesh Ambani
Jul 15, 2020, at 11:58 pm
Mumbai/UNI: Mukesh Ambani-led Reliance Industries on Wednesday announced its plan to launch an entry-level 4G or 5G smartphone for Indian users, for which it needs Google to build an Android-based operating system.
At $68 bn, Mukesh Ambani eclipses Warren Buffet's fortune
Jul 11, 2020, at 04:54 am
Mumbai/IBNS: Reliance Industries chairman Mukesh Ambani has surpassed Warren Buffet as his net worth touched $68.3 billion on Thursday, according to the Bloomberg Billionaires Index, a Bloomberg report said.
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”).