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 […]
New Delhi: Mumbai Indians (MI) owner Nita Ambani is known to treat her players as part of the Ambani family and after a tense battle of over 52 days, the Indian Premier League (IPL) was finally won by the Mumbai outfit at the Rajiv Gandhi International Stadium here. And the elated owner thanked son Akash Ambani […]
New Delhi: Reliance Retail’s upcoming entry into the online retail sector is the biggest challenge for Amazon and Walmart-Flipkart as the Mukesh Ambani-led behemoth is well positioned to create massive disruption in the market, a new report has stressed. According to the global market research firm Forrester, the online retail sales in India will grow […]
Ahmedabad: The Reliance Group, led by Anil Ambani, on Tuesday announced its decision to withdraw the Rs 5,000 crore civil defamation suit, filed in a court here, against Congress leaders and the National Herald newspaper over their statements and an article on the controversial Rafale fighter jet deal. The court of city civil and sessions […]
Mumbai: Indian equities traded in red during the morning trade session on Monday after opening slightly higher. Index heavyweight Reliance Industries was down 1.56 per cent on the BSE. Asian shares opened mixed as investors were cautious ahead of the Federal Reserve meeting. At 9.25 a.m. the Sensex was trading 112.01 points or 0.28 per cent […]
Bhubaneswar: Reliance Jio has once again topped with net addition of 3.03 lakh subscribers in April, revealed a recently released telecom subscriber data by the Telecom Regulatory Authority of India (TRAI). As per this TRAI subscriber data for April, the net subscriber addition by Reliance Jio in the State stood at 3.03 lakhs followed by […]
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 […]
New Delhi: Devices powered by KaiOS have been in the market only since mid-2017. But thanks to the huge popularity of Jio phones from Reliance, this light Linux-based operating system today has a greater market share than iOS in India. Built by San Diego, California-headquartered start-up KaiOS Technologies and led by CEO Sebastien Codeville, KaiOS […]
United Nations: The domestic market for India’s computer services sector is forecast to grow faster than its export market lessening its “over-reliance” on foreign countries, according to a report by the UN Conference on Trade and Development (UNCTAD). In India, which ranked second globally among the exporters of information communications technologies (ICT) services, the domestic […]
New Delhi: In one of the last reforms in the oil and gas sector, the government is set to free up pricing of all domestically produced gas that would help scale up local production from fields of ONGC, OIL, Reliance and Vedanta and help create a uniform gas where the fuel is freely tradable on […]
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 benchmark Sensex jumped over 200 points on Wednesday tracking gains in index heavyweights HDFC twins, Infosys and Reliance Industries as global stocks recovered from the previous day’s losses. The 30-share BSE index was trading 204.30 points or 0.49 per cent higher at 41,528.11. Similarly, the broader NSE was trading 46.70 points, or 0.38 […]
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: The key Indian equity indices opened on a positive note on Monday, with the BSE Sensex increasing over 500 points, to trade over the psychological 32,000-mark. The surge in the domestic market was in line with the Asian indices. Market sentiments have been boosted on hopes of reopening of the global economies. At 10.09 […]
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