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Valuation of Reliance Retail has been doubled and the pace of this value creation is "unmatched globally", said Mukesh Ambani.
Published on Aug 28, 2023 06:00 PM IST
Reliance has commissioned the first commercial scale CBG plant at Barabanki in Uttar Pradesh in a record time of just 10 months.
Published on Aug 28, 2023 03:53 PM IST
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
Updated on Aug 28, 2023 03:54 PM IST
PTI | | Posted by Sreelakshmi B
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.
Published on Aug 25, 2023 10:10 AM IST
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.
Updated on Aug 06, 2023 06:33 PM IST
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.
Published on Oct 04, 2022 04:56 PM IST
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.
Published on Sep 11, 2022 05:15 PM IST
The company is tying up funds to make the purchase in a month.
Published on Sep 06, 2021 03:16 AM IST
Livemint | , MumbaiDeborshi Chaki
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.
Published on Jun 22, 2021 12:37 AM IST
Livemint | , MumbaiKalpana Pathak
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.
Published on Jan 04, 2021 04:29 AM IST
Livemint |Ishita Guha and Prasid Banerjee
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.
Published on Dec 26, 2020 03:19 AM IST
Livemint, Mumbai |Nasrin Sultana and Ravindra Sonavane
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.
Updated on Dec 24, 2020 10:00 AM IST
Livemint, Mumbai |Shayan Ghosh and Kalpana Pathak
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.
Published on Dec 13, 2020 12:27 PM IST
New Delhi |Press Trust of India | Posted by Nilavro Ghosh
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%.
Updated on Nov 26, 2020 05:04 AM IST
Livemint, New Delhi |Ravindra Sonavane
Reliance Industries posted a consolidated net profit of Rs9,567 crore in the September quarter
Published on Oct 31, 2020 06:07 AM IST
Mint, New Delhi/Mumbai |Ishita Guha and Tanya Thomas
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.
Published on Oct 28, 2020 06:12 AM IST
Hindustan Times, Mumbai |Anirudh Laskar
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.
Published on Oct 08, 2020 04:17 PM IST
New Delhi |Press Trust of India| Posted by Susmita Pakrasi
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.
Published on Sep 24, 2020 12:51 AM IST
Hindustan Times, Mumbai |Kalpana Pathak
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.
Updated on Sep 10, 2020 10:33 AM IST
Reuters |Reuters | Posted by Shankhyaneel Sarkar
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.
Published on Aug 19, 2020 09:49 AM IST
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.
Updated on Aug 14, 2020 02:27 AM IST
Hindustan Times, Mumbai | , MumbaiJayshree P Upadhyay and Kalpana Pathak
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.
Published on Aug 08, 2020 06:31 PM IST