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Reliance Industries is actively looking to acquire startups, as well as mature companies, to strengthen its digital commerce, 5G and fibre-to-the-home businesses to create India’s largest digital ecosystem spanning telecom, retail and payments, the people said on condition of anonymity.

Reliance may use stake sales to help fund expansion plan

Sep 13, 2020 23:24

Reliance Industries is actively looking to acquire startups, as well as mature companies, to strengthen its digital commerce, 5G and fibre-to-the-home businesses to create India’s largest digital ecosystem spanning telecom, retail and payments, the people said on condition of anonymity. read more

Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative.

Powered by RIL, valuation of four of top 10 firms soars by Rs 3 lakh crore

Sep 13, 2020 10:10

Shares of Reliance Industries were in the limelight last week amid media reports that it has offered a 40 per cent stake in its retail arm worth about USD 20 billion to Amazon.com, which the company said was speculative. read more

‘Amazon Pharmacy’ will offer both over-the-counter and prescription-based drugs, basic health devices and traditional Indian herbal medicines, Amazon said in a statement, without giving a timeline for the launch.

RIL, Amazon set to clash on e-pharma

Aug 17, 2020 04:55

‘Amazon Pharmacy’ will offer both over-the-counter and prescription-based drugs, basic health devices and traditional Indian herbal medicines, Amazon said in a statement, without giving a timeline for the launch. read more

Mukesh Ambani may also give a sneak preview of his vision for decarbonization of energy molecules to create value-added products with almost no carbon emissions at the company’s first online AGM .

Ambani to detail post-Covid business plan at AGM; focus on leveraging tech partnerships

Jul 15, 2020 06:05

Mukesh Ambani may also give a sneak preview of his vision for decarbonization of energy molecules to create value-added products with almost no carbon emissions at the company’s first online AGM . read more

It has emerged that Trai’s order barring both Vodafone Idea and Bharti Airtel from offering differentiated products in 4G postpaid plans was passed following a complaint filed by Jio on July 8.

RIL’s telecom unit wants to be party in tariffs case

Jul 14, 2020 23:42

It has emerged that Trai’s order barring both Vodafone Idea and Bharti Airtel from offering differentiated products in 4G postpaid plans was passed following a complaint filed by Jio on July 8. read more

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.

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

Jul 13, 2020 23:33

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. read more

As part of the proposed rights issue, shareholders of Reliance will be offered one new share for every 15 held at Rs 1,257 apiece. It’s the first right issue by India’s most valuable firm in three decades.

RIL appoints nine i-banks for $7 billion rights issue

May 08, 2020 01:05

As part of the proposed rights issue, shareholders of Reliance will be offered one new share for every 15 held at Rs 1,257 apiece. It’s the first right issue by India’s most valuable firm in three decades. read more

$Operating revenue of the telecom arm of Reliance Industries Ltd grew 6.2% sequentially and 26.6% y-o-y to \u20B914,835 crore in the three months ended March 31.$

Jio profit jumps 72%

May 01, 2020 03:54

Operating revenue of the telecom arm of Reliance Industries Ltd grew 6.2% sequentially and 26.6% y-o-y to \u20B914,835 crore in the three months ended March 31. read more

The deal will help the US social media giant Facebook leverage WhatsApp to partner with Reliance’s e-commerce marketplace JioMart, that connects small businesses to customers.

Reliance Industries shares jump over 8% after Facebook-Jio deal

Apr 22, 2020 12:25

The deal will help the US social media giant Facebook leverage WhatsApp to partner with Reliance’s e-commerce marketplace JioMart, that connects small businesses to customers. read more

In a post on LinkedIn, RIL said it is on-boarding 84 summer interns virtually. “RIL kept its commitment to summer interns by digitally onboarding them through the ‘Virutal Reliance Summer Program’,” it said.

Reliance Industries keeps commitment, digitally onboards 84 summer interns amid coronavirus concerns

Apr 18, 2020 18:34

In a post on LinkedIn, RIL said it is on-boarding 84 summer interns virtually. “RIL kept its commitment to summer interns by digitally onboarding them through the ‘Virutal Reliance Summer Program’,” it said. read more

Investors were encouraged after Mukesh Ambani announced plans to cut the company’s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco.

RIL becomes first Indian company to hit market cap of Rs 10 lakh crore

Nov 28, 2019 10:29

Investors were encouraged after Mukesh Ambani announced plans to cut the company’s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco. read more

Mukesh Ambani’s Reliance Industries Ltd, now valued at $138 billion, compared with the British energy giant BP Plc’s $132 billion value at the close of trading on Tuesday.

Mukesh Ambani’s RIL, valued at $138 billion, now world’s 6th largest oil company

Nov 20, 2019 10:36

Mukesh Ambani’s Reliance Industries Ltd, now valued at $138 billion, compared with the British energy giant BP Plc’s $132 billion value at the close of trading on Tuesday. read more

After hitting a high of 40,816.38, the 30-share index was trading 321.20 points, or 0.79 per cent, higher at 40,790.90.

Sensex rallies over 300 points to hit record peak; RIL jumps 4 %

Nov 20, 2019 10:23

After hitting a high of 40,816.38, the 30-share index was trading 321.20 points, or 0.79 per cent, higher at 40,790.90. read more

Shares of the country’s most valued company, RIL, rose by 1.37% to close at Rs 1,415.30 ahead of its earnings announcement. During the day, it spurted 2.28% to a record Rs 1,428.

Reliance Industries creates history as first Indian firm to hit Rs 9 lakh crore market valuation mark

Oct 18, 2019 19:42

Shares of the country’s most valued company, RIL, rose by 1.37% to close at Rs 1,415.30 ahead of its earnings announcement. During the day, it spurted 2.28% to a record Rs 1,428. read more