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Reliance considers $5.7 billion offer for T-Mobile Netherlands

The company is tying up funds to make the purchase in a month.
Jio Platforms Ltd, a unit of Reliance Industries, holds the digital services businesses, including Reliance Jio Infocomm.(Reuters | Representational image)
Jio Platforms Ltd, a unit of Reliance Industries, holds the digital services businesses, including Reliance Jio Infocomm.(Reuters | Representational image)
Published on Sep 06, 2021 03:16 AM IST
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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)
The legal battle could well decide the future of the Indian retail landscape.(Representational image)
Published on Sep 04, 2021 05:07 AM IST
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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.
Sustainability is a prerequisite for every business to survive, and this means transforming businesses, Mukesh Ambani said.(Mint)
Sustainability is a prerequisite for every business to survive, and this means transforming businesses, Mukesh Ambani said.(Mint)
Published on Jun 22, 2021 12:37 AM IST
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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.
Representational photo
Representational photo
Published on Jan 04, 2021 04:29 AM IST
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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)
Billionaire Mukesh Ambani’s Reliance Industries is the most valuable company with a market value of 12.64 lakh crore, followed by Tata Consultancy at 10.91 lakh crore.(REUTERS)
Published on Dec 26, 2020 03:19 AM IST
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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)
A customer wearing a protective mask checks a dairy product inside a superstore of Reliance Industries Ltd, in Mumbai.(REUTERS)
Updated on Dec 24, 2020 10:00 AM IST
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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)
The valuation of ICICI Bank gained Rs 9,031.76 crore to Rs 3,55,529.51 crore.(File Photo)
Published on Dec 13, 2020 12:27 PM IST
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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)
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)
Updated on Nov 26, 2020 05:04 AM IST
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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)
Reliance said it expects retail activity to return to pre-pandemic levels in the ongoing quarter(Reuters File Photo)
Published on Oct 31, 2020 06:07 AM IST
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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)
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)
Published on Oct 28, 2020 06:12 AM IST
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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)
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)
Published on Oct 08, 2020 04:17 PM IST
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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)
On September 9, California-based PE fund Silver Lake picked up a 1.75% stake in RRVL for 7,500 crore.(REUTERS)
Published on Sep 24, 2020 12:51 AM IST
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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)
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)
Updated on Sep 10, 2020 10:33 AM IST
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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)
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)
Published on Aug 19, 2020 09:49 AM IST
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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.
RIL chairman Mukesh Ambani, 63, aims to complete the process by the end of next year.
Updated on Aug 14, 2020 02:27 AM IST
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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)
Reliance Industries Ltd.’s chairman is now worth $80.6 billion, after amassing $22 billion this year, according to the Bloomberg Billionaires Index(Reuters)
Published on Aug 08, 2020 06:31 PM IST
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ByBloomberg | Posted by Prashasti Singh

Reliance profit rises on BP deal gain; revenue slides 44% on oil hit

Analysts on average had expected 74.57 billion rupees, according to Refinitiv data. It was not immediately clear if the figures were comparable.
Revenue from operations fell to 912.38 billion rupees, from 1.62 trillion rupees.(REUTERS)
Revenue from operations fell to 912.38 billion rupees, from 1.62 trillion rupees.(REUTERS)
Updated on Jul 30, 2020 08:54 PM IST
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Bengaluru | ByReuters| Posted by Susmita Pakrasi

Mukesh Ambani’s Reliance breaks into top 50 most valued firms globally, ranks 48

Globally, Saudi Aramco is the company with the highest market cap of USD 1.7 trillion, followed by Apple, Microsoft, Amazon, and Alphabet.
File photo of Reliance Industries Ltd chairman Mukesh Ambani(REUTERS)
File photo of Reliance Industries Ltd chairman Mukesh Ambani(REUTERS)
Updated on Jul 23, 2020 08:42 PM IST
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New Delhi | ByPress Trust of India | Posted by Anubha Rohatgi

Mukesh Ambani is now world’s fifth-richest man

The 63-year-old is now worth $74.6 billion, surpassing Berkshire Hathaway’s chief executive Buffett’s $72.7 billion as of Wednesday, according to the Forbes’ billionaires’ list.
Mukesh Ambani has seen a string of deals for his digital business and shares of his conglomerate have more than doubled since a low in March.(REUTERS)
Mukesh Ambani has seen a string of deals for his digital business and shares of his conglomerate have more than doubled since a low in March.(REUTERS)
Updated on Jul 22, 2020 08:28 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Meenakshi Ray

RIL plans global push with indigenous 5G technology

Analysts said a key part of Jio’s strategy is to leverage the tech developed by startups in which Reliance has invested.
Pedestrians walk past a store of Reliance Digital Retail Ltd., a subsidiary of Reliance Industries Ltd., in Mumbai.(Bloomberg File Photo)
Pedestrians walk past a store of Reliance Digital Retail Ltd., a subsidiary of Reliance Industries Ltd., in Mumbai.(Bloomberg File Photo)
Updated on Jul 16, 2020 01:51 AM IST
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Mint, Mumbai | ByRomita Majumdar and Kalpana Pathak

Reliance’s 43rd AGM today: Here how you can access it

News agency PTI reported quoting unnamed company sources that shareholders can now log into the event live, listen to the plans and initiatives and comment and participate as well.
RIL’s 43rd AGM is expected to attract a global audience(Reuters)
RIL’s 43rd AGM is expected to attract a global audience(Reuters)
Updated on Jul 15, 2020 08:08 AM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Meenakshi Ray

RIL first company in India to surpass Rs 12 lakh crore market cap

At closing on Monday, the RIL stock settled at Rs 1,934.30 apiece, up 3% from its previous close on the BSE; achieving a market cap of Rs 12.26 lakh crore.
Mukesh Ambani, chairman of Reliance Industries Limited, during the annual shareholders meeting in Mumbai in June 2015.(Reuters File Photo)
Mukesh Ambani, chairman of Reliance Industries Limited, during the annual shareholders meeting in Mumbai in June 2015.(Reuters File Photo)
Updated on Jul 13, 2020 11:35 PM IST
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Mint, Mumbai | ByRavindra Sonavane

With a fortune of $68 bn, Mukesh Ambani now richer than Warren Buffet

While Mukesh Ambani’s wealth has jumped -- he became the only Asian tycoon in the exclusive club of the world’s top 10 richest people last month -- Buffett’s fortune dropped this week after he gave away $2.9 billion to charity.
RIL chairman Mukesh Ambani(Reuters File)
RIL chairman Mukesh Ambani(Reuters File)
Updated on Jul 10, 2020 07:46 PM IST
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ByBloomberg | Posted by Anubha Rohatgi

Now, ADIA arm invests 5,683 crore in Jio Platforms

The investment by an undisclosed wholly-owned subsidiary of ADIA, valuing Jio Platforms at 4.91 lakh crore, comes just two days after RIL announced two large investments by foreign investors adding up yo 13,640.4 crore in Jio Platforms.
With this investment, Jio Platforms has raised ₹97,885.65 crore from seven marquee global investors.(Bloomberg)
With this investment, Jio Platforms has raised ₹97,885.65 crore from seven marquee global investors.(Bloomberg)
Updated on Jun 08, 2020 07:59 AM IST
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Hindustan Times, Mumbai | ByHT Correspondent

Jio Platforms raises Rs 13,640 crore in 1 day

The high-value deals underscore the potential of India’s large, expanding base of telecom users and Jio’s leadership of this growing market.
The latest investments value Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore, the RIL statement said.(REUTERS)
The latest investments value Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore, the RIL statement said.(REUTERS)
Published on Jun 06, 2020 05:04 AM IST
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Hindustan Times, Mumbai | ByAnirudh Laskar

RIL rights issue subscribed 1.6x on final day

RIL’s rights issue, its first-ever in nearly three decades, is the largest such share sale in the history of Indian equity markets.
According to stock exchange data, the rights priced at ₹1,257 per share received bids for 551.30 million shares on BSE and 120.29 million shares on NSE. (Reuters File Photo)
According to stock exchange data, the rights priced at ₹1,257 per share received bids for 551.30 million shares on BSE and 120.29 million shares on NSE. (Reuters File Photo)
Published on Jun 04, 2020 05:03 AM IST
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Hindustan Times, Mumbai | ByNasrin Sultana

Reliance Industries Ltd Rs 53,125 cr rights issue oversubscribed 1.59 times

“The Rights Issue saw a huge investor interest, including from lakhs of small investors and thousands of institutional investors, both Indian and foreign,” a company statement said.
The rights issue of Mukesh Ambani-owned Reliance Industries Limited has been oversubscribed 1.59 times.(REUTERS File)
The rights issue of Mukesh Ambani-owned Reliance Industries Limited has been oversubscribed 1.59 times.(REUTERS File)
Updated on Jun 04, 2020 12:45 AM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Anubha Rohatgi

Jio profit jumps 72%

Operating revenue of the telecom arm of Reliance Industries Ltd grew 6.2% sequentially and 26.6% y-o-y to 14,835 crore in the three months ended March 31.
Analysts had estimated revenue to grow 5% and profit to rise around 40% sequentially.Photo by Aniruddha Chowdhury/Mint
Analysts had estimated revenue to grow 5% and profit to rise around 40% sequentially.Photo by Aniruddha Chowdhury/Mint
Published on May 01, 2020 03:54 AM IST
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Hindustan Times, Mumbai | ByRomita Majumdar

Reliance to raise 53,215 crore

The company said earnings were impacted by a one-time loss of 4,267 crore due to fall in fuel prices and demand destruction post covid-19. Revenue from operations for the March quarter declined 2.4% to 1.36 lakh crore.
RIL reported a consolidated profit of ₹6,348 crore in the quarter to March, a 39% decline from ₹10,362 crore a year ago. (Reuters File Photo)
RIL reported a consolidated profit of ₹6,348 crore in the quarter to March, a 39% decline from ₹10,362 crore a year ago. (Reuters File Photo)
Published on May 01, 2020 03:43 AM IST
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Hindustan Times, Mumbai | BySwaraj Singh Dhanjal and Kalpana Pathak

Covid-19 outbreak brings local shops to the forefront of e-tail sector

The coronavirus pandemic has shuttered mom-and-pop shops in the US. In India, these retail stores, rich on legacy business skills, are emerging intact, albeit a little bruised.
As a punishing lockdown broke the back of big online retail in Indian cities, the country’s 8 million kirana stores have kept supplies going, thanks to their human and often personal network with consumers, suppliers, vendors and distributors.(PTI)
As a punishing lockdown broke the back of big online retail in Indian cities, the country’s 8 million kirana stores have kept supplies going, thanks to their human and often personal network with consumers, suppliers, vendors and distributors.(PTI)
Updated on May 01, 2020 09:00 AM IST
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Tuesday, November 30, 2021