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Tag: Reliance Industries

Jio Phone Next: Reliance, Google Jointly Develop Power-Packed, Affordable Smartphone 
JioPhone Next: Reliance, Google Team Up To Develop Power-Packed, Affordable Smartphone

Developed in partnership tech giant Google, the JioPhone Next will provide ultra-affordable 4G phone to the consumers. It will run an optimised version of Android, the smartphone operating system developed by Google.

Reliance Retail Is Second Fastest Growing Retailer In The World
Reliance Retail Is Second Fastest Growing Retailer In The World

Reliance Retail ranks 53rd in the list of Global Powers of Retailing by Deloitte, improves from 56th earlier. It remains the 2nd fastest-growing retailer in the world despite the base effect of being No.1 last year.

Sensex Ends At Record High, Markets Extend Winning Run To 6th Session
Sensex Ends At Record High, Markets Extend Winning Run To 6th Session

Mumbai: Extending its winning run to the sixth session, equity benchmark Sensex advanced 70 points to end at a new record on Friday following gains in Infosys, ICICI Bank, TCS and Reliance Industries. After opening at its lifetime intra-day high of 47,026.02, the 30-share BSE index pared some gains to finish at 46,960.69, up 70.35 […]

Amazon-RIL Clash: Amazon Flexes Muscles, Reliance Holds Deep War Chest
Amazon-RIL Clash: Amazon Flexes Muscles, Reliance Holds Deep War Chest

New Delhi: The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called “gatekeeper for e-commerce” to keep the reins of a growing retail market in the country in its hands. The legal battle […]

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Reliance Retail Acquires Majority Stake In Netmeds

New Delhi: Reliance Industries Limited (RIL) on Tuesday announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash consideration of approximately Rs 620 crore. This investment represents around 60 per cent holding in the equity […]

Reliance-Industries
Reliance Is Net-Debt Free After Rs 1.69 Lakh Cr Fund Raising: Mukesh Ambani

Mumbai: Billionaire Mukesh Ambani on Friday said his flagship firm Reliance Industries is now net-debt free after a record Rs 1.69 lakh crore fundraising in under two months. In a statement, RIL Chairman Mukesh Ambani said: “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of […]

Jio-Mart
Reliance JioMart goes live on WhatsApp

Mumbai: After signing a massive $5.7 billion deal with Facebook, Reliance Industries latest venture to expand into the retail market, JioMart, has reportedly gone live with its official WhatsApp number. According to media reports, JioMart is currently available in the suburban Mumbai areas of Navi Mumbai, Thane and Kalyan currently. However, the service is expected […]

Coronavirus-Treatment
Coronavirus Outbreak In India: Reliance Opens Dedicated COVID-19 Hospital

Mumbai: Amid the Coronavirus outbreak in India, Reliance Industries Ltd (RIL) has set up first dedicated COVID-19 hospital with 100-bed capacity in a short span of just two weeks in the country. Sir H.N. Reliance Foundation Hospital in collaboration with the Brihanmumbai Municipal Corporation (BMC) has set up the COVID-19 facility at Seven Hills Hospital […]

Mukesh-Ambani
Mukesh Ambani no longer Asia's richest, on oil price fall

New Delhi: Reliance Industries Chairman Mukesh Ambani is no longer the richest man in Asia, owing to the recent freefall in oil prices. According to the Bloomberg Billionaires Index, Chinese billionaire Jack Ma, the founder of e-commerce major Alibaba Group has toppled Ambani to get the top spot in Asia. The persistent concerns of severe […]

sensex
Market opens at record high; RIL, HDFC Bank top gainers

Mumbai: Market benchmarks Sensex and Nifty opened at record peaks on Monday tracking strong quarterly results by index heavyweights Reliance Industries and HDFC Bank. After rallying over 300 points to hit a fresh lifetime high of 42,273.87, the 30-share BSE index pared gains to trade 31.32 points or 0.07 per cent higher at 41,976.69. Similarly, […]

Sensex
Sensex Tanks 304 Pts On Last Day Of 2019; Nifty Drops Below 12,200

Mumbai: Market benchmark Sensex slumped 304 points on the last trading session of 2019, dragged by losses in index-heavyweights Reliance Industries, HDFC twins, ICICI Bank and TCS. After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74. The broader NSE Nifty closed 87.40 points, […]

mukesh212
Mukesh Ambani Adds $16.5 Billion To His Fortune In 2019

New Delhi: Reliance Industries (RIL) Chairman Mukesh Ambani added $16.5 billion to his wealth in 2019 taking his total net worth to $60.8 billion, according to the Bloomberg Billionaires Index. With around $61 billion of net worth as of Tuesday, the petroleum-to-telecom tycoon is the 12th richest person in the world. The recent consistent rise […]

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai
Ahead Of GDP Data, Equity Indices End At Record Closing High

Mumbai: The Sensex and Nifty on Thursday ended at record closing highs ahead of the release of the GDP numbers on Friday, which is widely expected to fall to a decadal low, but investors seemed to focus on the easing of trade tension between the US and China. The largest index contributor, Reliance Industries (RIL), […]

Reliance-Industries
RIL 1st Indian Co. To Cross Rs 10-Lakh-Cr Market Cap

Mumbai: Oil to telecom major Reliance Industries (RIL) on Thursday surpassed the Rs 10-lakh-crore in market capitalisation, becoming the first Indian company to do so. RIL hit its 52-week high on the BSE at Rs 1,581.25 a share, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 […]

JIO
Jio GigaFiber's commercial services start Sep 5

Mumbai: Reliance Industries (RIL) Chairman Mukesh Ambani on Monday announced the launch of Jio GigaFiber and said that the services would be available commercially from September 5. Speaking to shareholders at the 42nd Annual General Meeting (AGM), Ambani said that the tariff plans would be priced between Rs 700 and Rs 10,000 per month. “We are […]

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RIL's 'new commerce' to digitally connect kirana stores

Mumbai: Reliance Industries (RIL) Chairman Mukesh Ambani on Monday said the company’s retail arm will soon unveil Reliance New Commerce, an initiative to digitally connect kirana stores across the country. Speaking to shareholders at RIL’s 42nd Annual General Meeting, Ambani said that the trials of Reliance Retail’s digital commerce venture have delivered positive results. “This […]

Microsoft
Microsoft Begins Hiring of B.Tech Students in Odisha

Bhubaneswar: The multinational technology company, Microsoft commenced its campus recruitment of B.Tech students of 2020 batch in India from the Institute of Technical Education and Research (ITER) here on Monday As per the release of the Siksha ‘O’ Anusandhan (SOA), Deemed to be University, Microsoft recruited eight B.Tech students of 2020 batch. Students belonging to […]

RIL
RIL acquires global toy firm Hamleys for Rs 620 crore

Mumbai: In a bid to become a dominant player in the global toy retail industry, Mukesh Ambani-led Reliance Industries Limited (RIL) on Thursday announced it has acquired iconic British toy retailer Hamleys from Chinese fashion wear firm C Banner International. The company acquired “Hamleys Global Holdings Limited (HGHL) for a cash consideration of GBP 67.96 […]

Mukesh
Mukesh Ambani breaking all barriers to connect next billion

New Delhi: As Asia gears up for the next wave of digital transformation to connect the next billion people online, infrastructural and affordability barriers are being broken in India by Reliance Industries Chairman and Managing Director Mukesh Ambani and his initiatives, a new survey said on Friday. According to the survey by Booking Holdings, the […]

Mukesh Ambani
Mukesh Ambani among TIME's 100 most influential people

New Delhi: Reliance Industries (RIL) Chairman Mukesh Ambani has featured in the TIME magazine’s list of 100 most influential people. Arundhati Katju and Menaka Guruswamy, who led the legal battle for LGBTQ rights in India, also featured in the list that was released on Wednesday. The “Time 100 Most Influential People 2019” named the world’s […]

Jio-Haptik
Reliance Jio acquires Haptik for Rs 700 crore

Mumbai: Reliance Industries Ltd on Wednesday announced that its subsidiary Reliance Jio has acquired Mumbai-based Haptik — one of the world’s largest conversational Artificial Intelligence (AI) platforms — for about Rs 700 crore. Reliance will hold about 87 per cent of the business, with the rest being held by Haptik’s founders and employees via stock […]

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Jio propels Mukesh Ambani to 13th spot in Forbes' billionaire list

New Delhi: The phenomenal growth of Reliance Jio, backed by its ultra-cheap data plans that has transformed the telecom scenario in India, has helped Reliance Industries Chairman Mukesh Ambani move six places up to rank 13th in US magazine Forbes’ “World’s Billionaire list 2019”. Mukesh Ambani is now worth $50 billion — up from $40.1 billion […]

mukesh212
Mukesh Ambani first Indian to join top 10 richest list: Hurun Research

Mumbai: Reliance Industries Chairman and Managing Director Mukesh Ambani has became the first Indian to enter the global top 10 richest billionaire list complied by Hurun Research. According to the Hurun Global Rich List 2019 released on Tuesday, Ambani broke into the top 10 in the world for the first time after a $9 billion or […]

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Make In Odisha: Ambani assures Rs 3000 Cr investment; Tata Sons Rs 25000 Cr

Bhubaneswar: The ‘Business Leadership Summit’ kicked off on the second day of ‘Make In Odisha Conclave’ here on Monday with Reliance chairman Mukesh Ambani announcing an investment of Rs 3,000 crore in the State in the next three years while Tata Sons Group chairman, Natarajan Chandrasekaran assuring Rs 25,000 crore investment. Speaking on the occasion, […]

Data should be used with adequate safeguards: Mukesh Ambani

New Delhi: Noting that data should be used for the betterment of the country, Reliance Industries (RIL) Chairman Mukesh Ambani on Thursday said data must be uitlised with “adequate safeguards”. Addressing the inaugural session of the Indian Mobile Congress (IMC) here, he described data as “the most important resource of the new age”. “It is important […]