Reliance

Amazon wins arbitration order against Future's deal with Reliance

A Singapore arbitration panel has put on hold Future Group's $3.38 billion asset sale to Reliance Industries Ltd, an interim win for Amazon.com Inc, which had alleged the deal between the Indian firms breached existing agreements.

Oct 26, 2020

Reliance in talks to buy online furniture retail, milk delivery startups: Report

The oil-to-telecoms conglomerate's talks with Urban Ladder are at an advanced stage, the report said, citing four unnamed sources briefed on the matter.

Aug 17, 2020

Mukesh Ambani is now world's fourth richest; net worth stands at $80.6 billion

To give our readers perspective, Mukesh Ambani's net worth is Rs 60,48,28,44,50,000, as per current conversion value.

Aug 8, 2020

Reliance, Wipro lift Indian shares as vaccine hopes boost optimism

India's most valuable stock Reliance Industries rose about 1.1% ahead of an annual general meeting due later in the day after Bloomberg reported on Tuesday that Alphabet Inc's Google was in advanced talks to invest $4 billion in the digital arm of the conglomerate.

Jul 15, 2020

Reliance launches Jiomart: New online grocery service challenges Amazon, Flipkart

JioMart, the e-commerce venture of Reliance's retail arm, offers free express grocery delivery from neighbourhood mom-and-pop stores.

May 24, 2020

Nifty, Sensex fall as economic package fails to impress; Reliance rises

Indian shares slipped on Monday, May 18 as investors were unimpressed by the government's economic relief measures and coronavirus cases continued to rise steadily, while a boost in Reliance Industries and Cipla limited losses.

May 18, 2020

Reliance says General Atlantic to invest $870 million in digital unit

With this investment, Jio Platforms, which houses Reliance's digital businesses including telecoms unit Jio Infocomm, has raised a total of 671.94 billion rupees from investors including Facebook Inc, Silverlake and Vista Equity Partners in four weeks.

May 17, 2020

Why is Centre preventing Reliance industries to sell stakes to Aramco

The government sought restriction on the deal citing the failure of the two companies to honour their payment under a $4.5-billion international arbitral award in the Panna-Mukta and Tapti (PMT) production-sharing contracts.

Dec 22, 2019

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

As part of the 10-year alliance, Jio will build data centres across India that will be hosted on Microsoft's Azure cloud.

Aug 13, 2019

Saudi Aramco to buy 20% in Reliance oil business in one of the biggest FDI deals in India

The Aramco, Reliance deal will have an enterprise value of around Rs 5,32,466 crore.

Aug 12, 2019

Airtel, Vodafone slapped Rs 3,000 crore fine for refusing interconnection to Jio

Bharti says the company is "extremely disappointed" and the decision would further burden the high stress in the telecom sector.

Jul 25, 2019

Anil Ambani's infra firm lands Rs 7,000 crore Versova-Bandra sea link project

The project will reduce travel time by about 80 minutes on this stretch. The Anil Ambani-led Company had earlier completed Worli-Haji Ali Sea Link in collaboration with Hyundai Engineering.

Jun 27, 2019

Flipkart employees get $100 million ESOP bonanza

Flipkart's ESOP disbursal over a three-year period is aimed to retain its employees.

May 10, 2019

Reliance Foundation offers to help with education, employment of children of martyred CRPF jawans

A media release by the company said that the entire company was saddened and outraged by the incident.

Feb 16, 2019

Sensex weekly gain at 378 pts; Reliance up 4.5% on day, Sun Pharma down 9%

Sun Pharma was the top loser, cracking 8.58 percent, on reports of fresh allegations by a whistleblower against the company.

Jan 18, 2019

Reliance Industries joins blockchain platform VAKT in digital push

Oil majors such as Chevron and Total have also joined London-based Vakt, one of the early blockchain pilot schemes for commodities trading.

Jan 16, 2019

Section of upper-class Indians are like rotten potatoes, says J&K Governor Satya Pal Malik

The J&K Governor also referred to the recent big fat Ambani wedding calling it a waste of money while adding that rich people are insensitive towards society.

Dec 20, 2018

Reliance pips TCS to become most-valued firm on D-Street

At the end of trade on the BSE, RIL's market capitalisation was Rs 7,14,668.54 crore, while India's largest IT firm by revenue TCS slipped to the second spot with a valuation of Rs 7,06,292.61 crore.

Nov 17, 2018

Rafale deal: Dassault says it picked Reliance of its own will for jet contract

The deal has faced scrutiny both on the price and the decision to choose billionaire Anil Ambani's Reliance as a local partner with no aeronautical expertise instead of the state-run Hindustan Aeronautics which has a long history of making planes.

Oct 12, 2018

Rafale deal: Francois Hollande's statement, Rahul's tweet 'orchestrated', claims Finance Minister Arun Jaitley

Defending the Prime Minister and the government on the Rafale deal, Finance Minister Arun Jaitley said that Hollande's statements were contradictory in nature.

Sep 23, 2018