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In early Tuesday trade, the market capitalisation of BSE-listed companies was at Rs 1,91,25,467.48 crore.(REUTERS)

M-cap of BSE-listed companies zoom to record high of over Rs 191 lakh crore

New Delhi | By Press Trust of India | Posted by Nilavro Ghosh
PUBLISHED ON JAN 05, 2021 11:12 AM IST
Till Monday’s trade, markets recorded their ninth straight session of gain. During this time, the BSE Sensex jumped 2,622.84 points or 5.75% and closed above the 48,000-mark for the first time on Monday.
Reliance Jio, in its petition, has maintained that its parent company, Reliance Industries Ltd (RIL), or any retail arm or affiliates have “no interest and does not intend in future to do corporate or contract farming”.(PTI)
Reliance Jio, in its petition, has maintained that its parent company, Reliance Industries Ltd (RIL), or any retail arm or affiliates have “no interest and does not intend in future to do corporate or contract farming”.(PTI)

Reliance moves HC against vandalism of telecom towers

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JAN 05, 2021 01:42 AM IST
Reliance Jio Infocomm filed this petition on Monday, and requested for an urgent direction to the government authorities in the state and at the Centre to protect its communication infrastructure as well as ensure safety of its employees.
Thousands of farmers, mainly from Punjab, Haryana and western Uttar Pradesh, are protesting at Delhi borders for over a month against the Centre’s three laws(PTI)
Thousands of farmers, mainly from Punjab, Haryana and western Uttar Pradesh, are protesting at Delhi borders for over a month against the Centre’s three laws(PTI)

‘Reliance’s affidavit in Punjab & Haryana HC full of false claims’: Farmers’ body

Chandigarh | By Press Trust of India | Posted by Ayshee Bhaduri
PUBLISHED ON JAN 04, 2021 08:43 PM IST
The All-India Kisan Sangharsh Coordination Committee (AIKSCC), representing 250 farmers’ organisations in the country, said the affidavit given by Reliance Industries in the court is simply a “ploy to serve its business interests”
In a statement, billionaire Mukesh Ambani’s firm said its subsidiary Reliance Jio Infocomm Limited (RJIL) has filed a petition in the Punjab and Haryana High Court seeking “the urgent intervention of government authorities to bring a complete stop to the illegal acts of vandalism (of telecom towers) by miscreants.”(REUTERS)
In a statement, billionaire Mukesh Ambani’s firm said its subsidiary Reliance Jio Infocomm Limited (RJIL) has filed a petition in the Punjab and Haryana High Court seeking “the urgent intervention of government authorities to bring a complete stop to the illegal acts of vandalism (of telecom towers) by miscreants.”(REUTERS)

Reliance says it has nothing to do with farm laws

New Delhi | By Press Trust of India | Posted by Prashasti Singh
UPDATED ON JAN 04, 2021 11:19 AM IST
Reliance said it “has nothing whatsoever to do with the three farm laws currently debated in the country, and in no way benefits from them.”
Mukesh Ambani, chairman of Reliance Industries Limited, poses for photographers before addressing the annual shareholders meeting in Mumbai, India.(REUTERS)
Mukesh Ambani, chairman of Reliance Industries Limited, poses for photographers before addressing the annual shareholders meeting in Mumbai, India.(REUTERS)

Mukesh Ambani ordered to pay $2 million fine by Indian regulator

By Bloomberg | Posted by Arpan Rai
PUBLISHED ON JAN 02, 2021 02:38 PM IST
Reliance Industries needs to pay 250 million rupees and Ambani, the chairman, is liable for the alleged manipulative trading, Sebi said.
Indian shares hit a record high on Monday as Reliance Industries and financial stocks gained(Bloomberg)
Indian shares hit a record high on Monday as Reliance Industries and financial stocks gained(Bloomberg)

Nifty, Sensex at record high on boost from Reliance, banking stocks

Bengaluru | By Reuters | Posted by Ayshee Bhaduri
PUBLISHED ON DEC 28, 2020 10:22 AM IST
The NSE Nifty 50 index was up 0.7% at 13,844.75 by 0347 GMT, while the S&P BSE Sensex was 0.71% higher at 47,307.78. Both indexes hit record highs. Shares of India’s most valuable company, Reliance Industries, gained 1.1%.
RIL plans to rebrand the IMG Reliance as its completely owned subsidiary post-acquisition of 50 per cent shares held by the wholly-owned subsidiary of IMG, the MG Singapore Pte. Ltd.(Reuters file photo)
RIL plans to rebrand the IMG Reliance as its completely owned subsidiary post-acquisition of 50 per cent shares held by the wholly-owned subsidiary of IMG, the MG Singapore Pte. Ltd.(Reuters file photo)

IMG-R to be rebranded as Reliance to takeover its 50% stake

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Deepali Sharma
PUBLISHED ON DEC 25, 2020 08:39 AM IST
Formed in 2010, the company pioneered in sports, fashions, events and media while operating in over 30 countries under the Endeavor Network.
A customer wearing a protective mask checks a dairy product inside a superstore of Reliance Industries Ltd, in Mumbai.(REUTERS)
A customer wearing a protective mask checks a dairy product inside a superstore of Reliance Industries Ltd, in Mumbai.(REUTERS)

Banks to recast Future loans on delay in RIL deal

Livemint, Mumbai | By Shayan Ghosh and Kalpana Pathak
UPDATED ON DEC 24, 2020 10:00 AM IST
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.
Amazon and Reliance are vying for dominance in India, where the retail market is estimated to touch $1.3 trillion by 2025.(File photo)
Amazon and Reliance are vying for dominance in India, where the retail market is estimated to touch $1.3 trillion by 2025.(File photo)

HC permits Future deal, but no bar on Amazon to oppose

Livemint, Mumbai | By Anirudh Laskar and Deborshi Chaki
PUBLISHED ON DEC 22, 2020 04:19 AM IST
In its ruling, a single-judge bench of the Delhi high court said the 24,713-crore transaction between Future group and Reliance Retail Ventures Ltd did not violate any statutory legal provisions, and both parties were free to seek approval for the deal from regulators.
Mukesh Ambani, chairman of Reliance Industries, speaks during the Vibrant Gujarat Global Investors' Summit 2011 (VGGIS) at Gandhinagar in Gujarat.(REUTERS)
Mukesh Ambani, chairman of Reliance Industries, speaks during the Vibrant Gujarat Global Investors' Summit 2011 (VGGIS) at Gandhinagar in Gujarat.(REUTERS)

Billionaire Mukesh Ambani inspired me, says Mark Zuckerberg. Explains why

By Bloomberg | Posted by Arpan Rai
PUBLISHED ON DEC 15, 2020 06:55 PM IST
Zuckerberg in an online event mentioned Dhirubhai Ambani, Reliance’s late founder, who he said had envisioned phone calls in India as cheap as postcards, priced at less than a cent then. His son Mukesh Ambani’s ability to make that wish come true has inspired him, Zuckerberg said.
Amazon.com Inc is considering a nearly $100 million investment in India’s pharmacy chain Apollo Pharmacy(REUTERS)
Amazon.com Inc is considering a nearly $100 million investment in India’s pharmacy chain Apollo Pharmacy(REUTERS)

Amazon eyes potential $100 million investment in Apollo Pharmacy

Bengaluru | By Reuters | Posted by Ayshee Bhaduri
UPDATED ON DEC 09, 2020 01:01 PM IST
Amazon already delivers medicines in India and the potential investment would come amid rising competition from Mukesh Ambani’s Reliance, which bought a majority stake in online pharmacy Netmeds
Reliance Retail is already India’s largest retailer, both in terms of store count and revenue ($22 billion in FY20), and caters to 80% of households’ consumption needs such as apparel, footwear, jewellery, consumer electronics and telecom.(HT file photo)
Reliance Retail is already India’s largest retailer, both in terms of store count and revenue ($22 billion in FY20), and caters to 80% of households’ consumption needs such as apparel, footwear, jewellery, consumer electronics and telecom.(HT file photo)

Reliance Retail bets on grocery

Livemint, Mumbai | By Kalpana Pathak
PUBLISHED ON DEC 07, 2020 08:06 AM IST
While the company’s current valuation of close to Rs 5 lakh crore may appear expensive to some investors, industry experts said its private grocery labels will start delivering higher margins soon.
India, the world’s second worst-hit nation by Covid-19, is likely to see its deepest economic contraction on record this fiscal year as businesses and incomes are hit by the pandemic.(PTI)
India, the world’s second worst-hit nation by Covid-19, is likely to see its deepest economic contraction on record this fiscal year as businesses and incomes are hit by the pandemic.(PTI)

Reliance soars 2%; Lockdown fears weigh on Nifty, Sensex

Bengaluru | By Reuters | Posted by Deepali Sharma
UPDATED ON NOV 23, 2020 12:35 PM IST
Reliance Industries, India’s most valuable public company, advanced about 2% after the country’s competition watchdog approved its deal to buy Future Group’s retail assets.
In August this year, Future had reached an agreement to sell its retail, wholesale, logistics and warehousing units to Reliance.(Indranil Bhoumik/mint)
In August this year, Future had reached an agreement to sell its retail, wholesale, logistics and warehousing units to Reliance.(Indranil Bhoumik/mint)

HC reserves order on Future Retail’s plea to injunct Amazon from interfering in Reliance deal

New Delhi | By Press Trust of India | Posted by Deepali Sharma
PUBLISHED ON NOV 20, 2020 09:22 PM IST
The Future Group and Amazon have been locked in a battle after the US-based company took FRL into an emergency arbitration over alleged breach of contract.
The US e-commerce giant and Future Group, whose assets billionaire Mukesh Ambani’s Reliance Industries Ltd. recently agreed to buy for $3.4 billion, are locked in a dispute over that deal(REUTERS)
The US e-commerce giant and Future Group, whose assets billionaire Mukesh Ambani’s Reliance Industries Ltd. recently agreed to buy for $3.4 billion, are locked in a dispute over that deal(REUTERS)

Why Amazon is feuding with a partner and billionaire Mukesh Ambani

By Bloomberg | Posted by Ayshee Bhaduri
UPDATED ON NOV 12, 2020 09:16 PM IST
Amazon has hinted that this spat is about India’s willingness to enforce business contracts. If Future is allowed to renege on a contract, it’ll mean business contracts are not sacrosanct and investments in India are risky, an inconvenient image as the nation looks to lure foreign investment.
Amazon argues it had a 2019 agreement with Future which prevented the Indian group’s retail assets from being sold to certain parties including Reliance Industries Ltd, which is led by Asia’s richest man, Mukesh Ambani.(Reuters file photo)
Amazon argues it had a 2019 agreement with Future which prevented the Indian group’s retail assets from being sold to certain parties including Reliance Industries Ltd, which is led by Asia’s richest man, Mukesh Ambani.(Reuters file photo)

Amazon accuses Future of insider trading as it seeks to block Reliance deal

New Delhi | By Reuters | Posted by Deepali Sharma
UPDATED ON NOV 11, 2020 06:19 PM IST
The US giant has been pressing SEBI to review Reliance’s August deal to buy retail, logistics and other assets from Future Group for $3.4 billion including debt.
The Future group and Amazon have been locked in a battle after the US-based company took FRL into an emergency arbitration over alleged breach of contract.
The Future group and Amazon have been locked in a battle after the US-based company took FRL into an emergency arbitration over alleged breach of contract.

HC asks Amazon to respond to Future Retail’s allegations

Livemint, New Delhi | By Press Trust of India
PUBLISHED ON NOV 10, 2020 11:15 PM IST
The Kishore Biyani-led firm alleged that the US online retailer was interfering with the RIL deal.
Earlier in July, Reuters had reported that Reliance’s stake sale in its oil-to-chemicals business to Aramco had stalled over price.(Reuters file photo)
Earlier in July, Reuters had reported that Reliance’s stake sale in its oil-to-chemicals business to Aramco had stalled over price.(Reuters file photo)

Reliance’s stake sale talks with Saudi Aramco gaining momentum: Report

Bengaluru | By Reuters| Posted by: Harshit Sabarwal
UPDATED ON NOV 09, 2020 12:27 PM IST
Both the companies were committed to the deal and Aramco wants to do physical inspection of Reliance’s assets in India, the report said. Earlier in July, Reuters had reported that Reliance’s stake sale in its oil-to-chemicals business to Aramco had stalled over price.
The slip in earnings backs Mukesh Ambani’s strategy and highlights the increasing need for Reliance to reduce its dependence on the energy sector(AP Photo)
The slip in earnings backs Mukesh Ambani’s strategy and highlights the increasing need for Reliance to reduce its dependence on the energy sector(AP Photo)

Mukesh Ambani loses $5 billion as oil sinks Reliance shares

By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON NOV 02, 2020 02:07 PM IST
Reliance’s oil refining unit has suffered a plunge in demand for transportation fuels, with Covid-19 forcing people to stay home. The conglomerate is in the midst of a transformation led by Ambani, 63, as he looks to turn the oil-and-petrochemicals giant into a technology and digital services company.
Average revenue per user at India’s second largest telecom operator rose to 162 rupees for the quarter, from 128 rupees a year earlier.(Mint)
Average revenue per user at India’s second largest telecom operator rose to 162 rupees for the quarter, from 128 rupees a year earlier.(Mint)

Bharti Airtel posts highest-ever quarterly revenue on higher tariffs, data usage

Bengaluru | By Reuters | Posted by Shivani Kumar
UPDATED ON OCT 27, 2020 04:57 PM IST
Indian telecom operators, grappling with low tariffs due to a price war that ensued after Mukesh Ambani’s Reliance Jio entered the space, hiked prices last year as they were ordered to pay 920 billion rupees ($12.44 billion) in dues to the government.
Amazon, which had agreed to purchase 49 per cent of one of Future’s unlisted firms last year with the right to buy into flagship Future Retail Ltd after a period of three years to 10 years, had dragged Future to arbitration after it signed a pact to sell retail, wholesale, logistics and warehousing units to RIL.(Reuters file photo)
Amazon, which had agreed to purchase 49 per cent of one of Future’s unlisted firms last year with the right to buy into flagship Future Retail Ltd after a period of three years to 10 years, had dragged Future to arbitration after it signed a pact to sell retail, wholesale, logistics and warehousing units to RIL.(Reuters file photo)

Future Group shares tank up to 10% after Reliance deal put on hold; RIL down 4%

New Delhi | By Press Trust of India | Posted by Deepali Sharma
UPDATED ON OCT 26, 2020 08:25 PM IST
Future Retail Ltd, which operates retail chains as Big Bazar and Easy Day said it is not a party to the agreement under which Amazon has invoked arbitration proceedings and the deal cannot be held back through the arbitration process.
Speaking at the same event, Total CEO Patrick Pouyanne said India is one of the largest markets in the world for energy, but its per capita consumption is just 30 per cent of the world average, offering huge potential.(Bloomberg file photo for representation)
Speaking at the same event, Total CEO Patrick Pouyanne said India is one of the largest markets in the world for energy, but its per capita consumption is just 30 per cent of the world average, offering huge potential.(Bloomberg file photo for representation)

BP eyes India’s fuel market, wants gas in GST

New Delhi | By Press Trust of India | Posted by Deepali Sharma
UPDATED ON OCT 26, 2020 07:59 PM IST
BP Group chief executive Bernard Looney said India will be the fastest-growing fuel and lubricant market in the next 20 years and his group’s venture with Reliance will grow the network of petrol pumps to 5,500 in the next 4-5 years.
The logo of Amazon is pictured inside the company's office in Bengaluru, India (REUTERS/Abhishek N. Chinnappa)
The logo of Amazon is pictured inside the company's office in Bengaluru, India (REUTERS/Abhishek N. Chinnappa)

Amazon, Reliance in ‘face-off’ over assets of Future Retail Limited

By Bloomberg | Posted by Deepali Sharma
UPDATED ON OCT 26, 2020 03:21 PM IST
Amazon and Reliance are led by two of the world’s wealthiest men--Jeff Bezons for Amazon and Mukesh Ambani for Reliance. Both the companies want stores and warehouses of Future Retail.
The firm is also offering an advance 30 per cent of the variable pay from the next year’s salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said.(File photo for representation)
The firm is also offering an advance 30 per cent of the variable pay from the next year’s salary to its lakh-plus employees as a goodwill gesture for working during the pandemic, two persons familiar with the matter said.(File photo for representation)

Reliance rolls back salary cuts, offers bonus

New Delhi | By Press Trust of India | Posted by Niyati Singh
UPDATED ON OCT 25, 2020 10:07 PM IST
Billionaire Mukesh Ambani-led Reliance Industries is rolling back salary cuts for the employees of its hydrocarbons division and is also giving out performance bonus that had been deferred after business was hit by coronavirus lockdown.
Amazon had dragged Future to arbitration after the Kishore Biyani group firm had agreed to sell businesses to billionaire Mukesh Ambani’s Reliance.(Reuters file photo)
Amazon had dragged Future to arbitration after the Kishore Biyani group firm had agreed to sell businesses to billionaire Mukesh Ambani’s Reliance.(Reuters file photo)

Amazon gets interim relief; arbitration panel says Future cannot sell biz to RIL

New Delhi | By Press Trust of India | Posted by Niyati Singh
UPDATED ON OCT 25, 2020 10:40 PM IST
Amazon on Sunday won an interim award against its partner Future group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single judge arbitration panel put the deal on hold.
Amazon’s plans to help Future stems from the concern that the RIL-Future deal may significantly increase the competition for Amazon, which has bet big on the Indian market.(Reuters)
Amazon’s plans to help Future stems from the concern that the RIL-Future deal may significantly increase the competition for Amazon, which has bet big on the Indian market.(Reuters)

Amazon open to help out Future Group

Hindustan Times, Mumbai | By Anirudh Laskar
UPDATED ON OCT 23, 2020 04:27 AM IST
They said Amazon, which holds a 49% stake in Future Coupons Pvt. Ltd, had earlier informally helped Kishore Biyani-founded Future Group get new strategic partners and large institutional investors to help it with its debt crisis. Both people spoke on condition of anonymity.
Pedestrians walk past the Debenhams Plc department store at the Trafford Centre shopping mall, operated by Intu Properties Plc, in Manchester, UK.(Bloomberg)
Pedestrians walk past the Debenhams Plc department store at the Trafford Centre shopping mall, operated by Intu Properties Plc, in Manchester, UK.(Bloomberg)

Reliance’s Mukesh Ambani loses interest in Debenhams: Report

By Bloomberg | Posted by Shankhyaneel Sarkar
UPDATED ON OCT 11, 2020 03:26 PM IST
The UK department store was taken over by creditors in a debt-for-equity swap in 2019 and entered into administration for the second time in a year in April.
BSE building in Mumbai.(PTI)
BSE building in Mumbai.(PTI)

Sensex gains 304 points, closes at 39,878; Nifty slips 78 points to close at 11,750

Hindustan Times, New Delhi | By Press Trust of India | Posted by Shivani Kumar
UPDATED ON OCT 07, 2020 04:10 PM IST
Sensex gains 304 points, closes at 39,878; Nifty slips 78 points to close at 11,750
In less than three days, Reliance Industries has entered into five deals to sell stake in Reliance Retail Ventures Limited.(Reuters File Photo)
In less than three days, Reliance Industries has entered into five deals to sell stake in Reliance Retail Ventures Limited.(Reuters File Photo)

Reliance raises Rs 7,350 crore from GIC, TPG

New Delhi | By Press Trust of India | Posted by Kanishka Sarkar
PUBLISHED ON OCT 03, 2020 06:27 AM IST
Following the sell-down in its digital unit Jio Platforms, Reliance’s focus has shifted to retail with the acquisition of Future Group’s businesses and investment by global private equity firms/strategic investors.
Srinagar: A health worker wearing a PPE kit collects samples for COVID-19 Rapid Antigen test, at Kursoo Rajbagh in Srinagar, Friday, Sept. 18, 2020. Jammu and Kashmir government administration has started rapid antigen tests area wise to check and prevent the spreading of coronavirus. (PTI Photo/S. Irfan)(PTI18-09-2020_000183A)(PTI photo)
Srinagar: A health worker wearing a PPE kit collects samples for COVID-19 Rapid Antigen test, at Kursoo Rajbagh in Srinagar, Friday, Sept. 18, 2020. Jammu and Kashmir government administration has started rapid antigen tests area wise to check and prevent the spreading of coronavirus. (PTI Photo/S. Irfan)(PTI18-09-2020_000183A)(PTI photo)

Reliance develops RT-PCR kit that can give Covid-19 results in 2 hours

New Delhi | By Press Trust of India | Posted by Prashasti Singh
UPDATED ON OCT 02, 2020 06:12 PM IST
At present, Covid-19 RT-PCR test, which is a real-time reverse transcription-polymerase chain reaction (rRT-PCR) test for the qualitative detection of nucleic acid from SARS-CoV-2, takes up to 24 hours to give a diagnosis.
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