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 […]
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, […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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