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Several global investors shown interest in Reliance Retail: Mukesh Ambani

Valuation of Reliance Retail has been doubled and the pace of this value creation is "unmatched globally", said Mukesh Ambani.

Reliance Industries Chairman Mukesh Ambani speaks during the 46th Annual General Meeting of Reliance Industries Limited(PTI)

business

Published on Aug 28, 2023 06:00 PM IST

PTI |

Reliance to set up 100 compressed biogas plants in 5 years: Mukesh Ambani

Reliance has commissioned the first commercial scale CBG plant at Barabanki in Uttar Pradesh in a record time of just 10 months.

Reliance chairperson Mukesh Ambani.(Jio)

business

Published on Aug 28, 2023 03:53 PM IST

PTI |

Reliance AGM: Jio AirFiber to be launched on Sept 19. 5 things to know

With AirFibre, Reliance Jio aims to provide 1,50,000 connections per day.

business

Published on Aug 28, 2023 03:26 PM IST

ByShobhit Gupta

Reliance AGM 2023: ‘Jio promises AI to everyone, everywhere’, says Ambani

Reliance AGM: Mukesh Ambani says there is a need for AI-ready digital infrastructure that can handle AI's immense computational demands.

Reliance Industries Limited chairperson Mukesh Ambani speaks at the company's 46th annual general meeting. (Reliance)

business

Updated on Aug 28, 2023 03:44 PM IST

ByHT News Desk | Written by Aryan Prakash

Reliance AGM: 2.6 lakh jobs created, ₹1.2k crore spent on CSR, says Ambani

Reliance's consolidated revenues stood at ₹9,74,864 crore, while its annual consolidated EBITDA was ₹1,53,920 crore.

business

Published on Aug 28, 2023 02:55 PM IST

ByShobhit Gupta

Mukesh Ambani appoints children Akash, Anant & Isha on Reliance board

Ambani sets succession plan in motion, appoints Isha, Akash & Anant on Reliance board

Mukesh Ambani with wife Nita Ambani and children.(PTI)

business

Updated on Aug 28, 2023 03:54 PM IST

PTI | | Posted by Sreelakshmi B

Reliance AGM 2023 today; Jio IPO date, 5G devices: What to expect

RIL AGM time and date: The Reliance Industries Limited annual general meeting or AGM will be held on August 28, 2023, at 2pm.

Reliance Industries chairman and managing director Mukesh Ambani.(ANI file)

business

Updated on Aug 28, 2023 09:02 AM IST

ByHT News Desk

Reliance AGM 2023: Date and time, where to watch, what to expect

Mukesh Ambani-owned RIL is expected to make big announcements at the RIL AGM on Monday.

Reliance Industries Limited chairperson Mukesh Ambani. (HT file photo)

business

Updated on Aug 28, 2023 05:34 AM IST

ByHT News Desk | Written by Aryan Prakash

Reliance Industries to sell up to 10% stake in retail arm: Report

Reliance Industries plans to sell 8%-10% stake in Reliance Retail Ventures for expansion, debt repayment, and public listing.

Mukesh Ambani, Chairman of Reliance Industries.(REUTERS)

business

Published on Aug 25, 2023 10:10 AM IST

Reuters |

SBI is India's most profitable company, Reliance Industries second | Check list

In the first quarter (Q1) of the ongoing financial year (FY) 2023-24, SBI's net profit stood at ₹18,736 crore, and Reliance's, at ₹18,258 crore.

State Bank of India (File Photo)(REUTERS)

business

Published on Aug 11, 2023 01:02 AM IST

ByHT News Desk, New Delhi

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for 5 more years

Ambani has been on the board of Reliance since 1977 and was elevated as chairman of the company after the death of his father Dhirubhai Ambani in July 2002.

Reliance Industries chairman Mukesh Ambani.(HT_PRINT)

business

Updated on Aug 06, 2023 06:33 PM IST

PTI |

Reliance-Jio Financial demerger defies all bets, JFSL valued at ₹261.85/share

Analysts predicted JFSL's value will stand at ₹189 per share. Some even predicted the value as low as ₹168 apiece.

business

Updated on Jul 20, 2023 01:14 PM IST

BySnehashish Roy

Reliance, US firm complete deal to set up electronics manufacturing venture

Reliance Strategic Business Ventures Limited (RSBVL) will hold 50.1 per cent equity stake in the joint venture while Sanmina will have 49.9 per cent shareholding.

RSBVL, a subsidiary of Reliance Industries, had a revenue of <span class='webrupee'>₹</span>1,478.1 crore (USD 194.9 million) and a net profit of <span class='webrupee'>₹</span>179.8 crore for the year ended March 2022.(Reuters representative image)

business

Published on Oct 04, 2022 04:56 PM IST

PTI |

Reliance can explore reorganising company to list subsidiaries: Report

India's most valuable company has three distinct businesses -- oil refining and petrochemicals business house in oil-to-chemicals (O2C) unit, digital business including telecom and retail.

business

Published on Sep 11, 2022 05:15 PM IST

PTI |

Reliance considers $5.7 billion offer for T-Mobile Netherlands

The company is tying up funds to make the purchase in a month.

business

Published on Sep 06, 2021 03:16 AM IST

Livemint | ByDeborshi Chaki, Mumbai

Future seeks urgent hearing on RIL deal

Appearing for the group companies, senior advocates Harish Salve and Mukul Rohatgi requested Chief Justice of India (CJI) NV Ramana to hear the appeal preferably on September 9—a week before the Delhi high court is set to consider initiating compliance proceedings.

The legal battle could well decide the future of the Indian retail landscape.(Representational image)

business

Published on Sep 04, 2021 05:07 AM IST

ByUtkarsh Anand, Hindustan Times, New Delhi

No other option for businesses but to go green: Mukesh Ambani

“We have no option as a society, as a business, but to really adopt a sustainable business model,” the RIL chairman and managing director said at the start of the three-day Qatar Economic Forum.

business

Published on Jun 22, 2021 12:37 AM IST

Livemint | ByKalpana Pathak, Mumbai

Industry ramps up supply chain for 5G launch in 2021

Experts said stressed financials of Bharti Airtel Ltd and Vodafone Idea Ltd (Vi) could discourage them to participate in the 5G launch, especially in view of the costs involving fiberization and the pricing of spectrum.

business

Published on Jan 04, 2021 04:29 AM IST

Livemint | ByIshita Guha and Prasid Banerjee

Five companies will end 2020 with ₹5 lakh crore market cap

Hindustan Unilever Ltd and Infosys Ltd entered the ₹5 lakh crore market capitalisation club this year, joining Reliance Industries Ltd, Tata Consultancy Services Ltd and HDFC Bank Ltd.

Billionaire Mukesh Ambani’s Reliance Industries is the most valuable company with a market value of <span class='webrupee'>₹</span>12.64 lakh crore, followed by Tata Consultancy at <span class='webrupee'>₹</span>10.91 lakh crore.(REUTERS)

business

Published on Dec 26, 2020 03:19 AM IST

Livemint, Mumbai | ByNasrin Sultana and Ravindra Sonavane

Banks to recast Future loans on delay in RIL deal

The lenders led by State Bank of India (SBI) have already invoked the debt recast scheme well within December 31, the deadline set by RBI, and will have six more months to finalise and implement a resolution plan, said one of the bankers, requesting anonymity.

A customer wearing a protective mask checks a dairy product inside a superstore of Reliance Industries Ltd, in Mumbai.(REUTERS)

business

Updated on Dec 24, 2020 10:00 AM IST

Livemint, Mumbai | ByShayan Ghosh and Kalpana Pathak

Market capitalisation of eight of top 10 most valuable firms zoom Rs 1.53 lakh crore

The list of gainers included Reliance Industries Ltd (RIL), Tata Consultancy Services, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and Bharti Airtel, while HDFC Bank and Bajaj Finance witnessed erosion from their valuation.

The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)

business

Published on Dec 13, 2020 12:27 PM IST

New Delhi | ByPress Trust of India | Posted by Nilavro Ghosh

HDFC Bank’s market cap crosses Rs 8 lakh cr mark

The scrip closed 2.5% lower at Rs 1,402.65 apiece, giving it a market value of Rs 7.72 lakh crore. So far this year, HDFC Bank has surged nearly 12%.

HDFC Bank Ltd’s shares in intraday trading touched a record high of Rs 1,464 apiece on BSE, lifting its market capitalisation to Rs 8.02 lakh crore, a first for the lender.(REUTERS)

business

Updated on Nov 26, 2020 05:04 AM IST

Livemint, New Delhi | ByRavindra Sonavane

Reliance Industries Ltd’s Q2 result gets a fillip from Jio, retail arm

Reliance Industries posted a consolidated net profit of Rs9,567 crore in the September quarter

Reliance said it expects retail activity to return to pre-pandemic levels in the ongoing quarter(Reuters File Photo)

business

Published on Oct 31, 2020 06:07 AM IST

Mint, New Delhi/Mumbai | ByIshita Guha and Tanya Thomas

Tata eyes majority stake in e-grocer BigBasket

For the Tata group, the deal is aimed at securing as much control as possible in India’s fast-growing e-commerce market before Reliance Industries Ltd and Flipkart become too big, said the second person.

The deal, if struck, will give Tata group an immediate head-start to take on the three big players in India’s thriving online grocery marketplace: Reliance Industries Ltd, Walmart-owned Flipkart and Amazon.(Bloomberg)

business

Published on Oct 28, 2020 06:12 AM IST

Hindustan Times, Mumbai | ByAnirudh Laskar

Jio designed to help India lead fourth industrial revolution, says Mukesh Ambani

The richest Indian man, who heads the nation’s most valuable company Reliance Industries Ltd, said his group’s telecom and digital unit Jio was conceived to provide the key ingredients needed to lead the fourth industrial revolution.

Before Jio, India was stuck with 2G technology. “Jio wanted to end India’s data misery and unleash a digital revolution,” Mukesh Amabni said.(REUTERS)

business

Published on Oct 08, 2020 04:17 PM IST

New Delhi | ByPress Trust of India| Posted by Susmita Pakrasi

KKR picks up stake in RIL’s retail unit

The KKR investment values RRVL at an equity value of ₹4.21 lakh crore, Reliance Industries Ltd said. The private equity firm had also bought a 2.32% stake in Jio Platforms for ₹11,367 crore.

On September 9, California-based PE fund Silver Lake picked up a 1.75% stake in RRVL for <span class='webrupee'>₹</span>7,500 crore.(REUTERS)

business

Published on Sep 24, 2020 12:51 AM IST

Hindustan Times, Mumbai | ByKalpana Pathak

Sensex, Nifty rise as Reliance hits record high

Mukesh Ambani-led Reliance Industries Ltd rose as much as 2.1% to hit a record high, a day after it secured $1 billion in investment in its retail business from private equity firm Silver Lake.

People walk past at a screen displaying India's Finance Minister Nirmala Sitharaman before the budget, on a facade of the Bombay Stock Exchange (BSE) building in Mumbai, February 1, 2020. REUTERS/Francis Mascarenhas/Files(REUTERS)

business

Updated on Sep 10, 2020 10:33 AM IST

Reuters | ByReuters | Posted by Shankhyaneel Sarkar

Reliance buys majority stake in online pharmacy Netmeds for $83 million

The oil-to-telecoms conglomerate said late on Tuesday its investment represents about 60% holding in Vitalic Health Pvt. Ltd. and 100% direct ownership of its subsidiaries.

Vitalic and its subsidiaries, collectively known as Netmeds, were incorporated in 2015. Netmeds is a licensed e-pharma portal that offers authenticated prescription and over the counter (OTC) medicine along with other health products in India.(REUTERS)

business

Published on Aug 19, 2020 09:49 AM IST

Bengaluru | ByReuters

Mukesh Ambani to set up family council as part of succession planning

The council will provide equal representation to all family members, including the three Ambani siblings—Akash, Isha and Anant—who are expected to take over the reins of Reliance Industries Ltd (RIL), the people said, requesting anonymity as the talks are private.

RIL chairman Mukesh Ambani, 63, aims to complete the process by the end of next year.

business

Updated on Aug 14, 2020 02:27 AM IST

Hindustan Times, Mumbai | ByJayshree P Upadhyay and Kalpana Pathak, Mumbai

Mukesh Ambani surges past richest European to become world’s fourth wealthiest

India’s richest person has already surpassed some of the biggest tycoons in recent weeks -- a list that includes Silicon Valley titans such as Elon Musk and Alphabet Inc. co-founders Sergey Brin and Larry Page, as well as the so-called Oracle of Omaha himself, Warren Buffett.

Reliance Industries Ltd.’s chairman is now worth $80.6 billion, after amassing $22 billion this year, according to the Bloomberg Billionaires Index(Reuters)

business

Published on Aug 08, 2020 06:31 PM IST

ByBloomberg | Posted by Prashasti Singh

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reliance industries ltd news

Latest from reliance industries ltd

Valuation of Reliance Retail has been doubled and the pace of this value creation is "unmatched globally", said Mukesh Ambani.

Reliance has commissioned the first commercial scale CBG plant at Barabanki in Uttar Pradesh in a record time of just 10 months.

With AirFibre, Reliance Jio aims to provide 1,50,000 connections per day.

Reliance AGM: Mukesh Ambani says there is a need for AI-ready digital infrastructure that can handle AI's immense computational demands.

Reliance's consolidated revenues stood at ₹9,74,864 crore, while its annual consolidated EBITDA was ₹1,53,920 crore.

Ambani sets succession plan in motion, appoints Isha, Akash & Anant on Reliance board

RIL AGM time and date: The Reliance Industries Limited annual general meeting or AGM will be held on August 28, 2023, at 2pm.

Mukesh Ambani-owned RIL is expected to make big announcements at the RIL AGM on Monday.

Reliance Industries plans to sell 8%-10% stake in Reliance Retail Ventures for expansion, debt repayment, and public listing.

In the first quarter (Q1) of the ongoing financial year (FY) 2023-24, SBI's net profit stood at ₹18,736 crore, and Reliance's, at ₹18,258 crore.

Ambani has been on the board of Reliance since 1977 and was elevated as chairman of the company after the death of his father Dhirubhai Ambani in July 2002.

Analysts predicted JFSL's value will stand at ₹189 per share. Some even predicted the value as low as ₹168 apiece.

Reliance Strategic Business Ventures Limited (RSBVL) will hold 50.1 per cent equity stake in the joint venture while Sanmina will have 49.9 per cent shareholding.

India's most valuable company has three distinct businesses -- oil refining and petrochemicals business house in oil-to-chemicals (O2C) unit, digital business including telecom and retail.

The company is tying up funds to make the purchase in a month.

Appearing for the group companies, senior advocates Harish Salve and Mukul Rohatgi requested Chief Justice of India (CJI) NV Ramana to hear the appeal preferably on September 9—a week before the Delhi high court is set to consider initiating compliance proceedings.

“We have no option as a society, as a business, but to really adopt a sustainable business model,” the RIL chairman and managing director said at the start of the three-day Qatar Economic Forum.

Experts said stressed financials of Bharti Airtel Ltd and Vodafone Idea Ltd (Vi) could discourage them to participate in the 5G launch, especially in view of the costs involving fiberization and the pricing of spectrum.

Hindustan Unilever Ltd and Infosys Ltd entered the ₹5 lakh crore market capitalisation club this year, joining Reliance Industries Ltd, Tata Consultancy Services Ltd and HDFC Bank Ltd.

The lenders led by State Bank of India (SBI) have already invoked the debt recast scheme well within December 31, the deadline set by RBI, and will have six more months to finalise and implement a resolution plan, said one of the bankers, requesting anonymity.

The list of gainers included Reliance Industries Ltd (RIL), Tata Consultancy Services, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank and Bharti Airtel, while HDFC Bank and Bajaj Finance witnessed erosion from their valuation.

The scrip closed 2.5% lower at Rs 1,402.65 apiece, giving it a market value of Rs 7.72 lakh crore. So far this year, HDFC Bank has surged nearly 12%.

Reliance Industries posted a consolidated net profit of Rs9,567 crore in the September quarter

For the Tata group, the deal is aimed at securing as much control as possible in India’s fast-growing e-commerce market before Reliance Industries Ltd and Flipkart become too big, said the second person.

The richest Indian man, who heads the nation’s most valuable company Reliance Industries Ltd, said his group’s telecom and digital unit Jio was conceived to provide the key ingredients needed to lead the fourth industrial revolution.

The KKR investment values RRVL at an equity value of ₹4.21 lakh crore, Reliance Industries Ltd said. The private equity firm had also bought a 2.32% stake in Jio Platforms for ₹11,367 crore.

Mukesh Ambani-led Reliance Industries Ltd rose as much as 2.1% to hit a record high, a day after it secured $1 billion in investment in its retail business from private equity firm Silver Lake.

The oil-to-telecoms conglomerate said late on Tuesday its investment represents about 60% holding in Vitalic Health Pvt. Ltd. and 100% direct ownership of its subsidiaries.

The council will provide equal representation to all family members, including the three Ambani siblings—Akash, Isha and Anant—who are expected to take over the reins of Reliance Industries Ltd (RIL), the people said, requesting anonymity as the talks are private.

India’s richest person has already surpassed some of the biggest tycoons in recent weeks -- a list that includes Silicon Valley titans such as Elon Musk and Alphabet Inc. co-founders Sergey Brin and Larry Page, as well as the so-called Oracle of Omaha himself, Warren Buffett.

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