Reliance Industries

Hindenburg Research welcomes legal action from Adani; has long list of documents to demand in discovery [details]

Adani Group, however, stated in a statement issued on January 25 that it was "shocked" that the research had been released without the business being consulted.

Jan 26, 2023

Reliance Retail Ventures is all set to acquire METRO Cash & Carry India in Rs 2,850 Cr deal

Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, has signed definitive agreements to acquire 100 per cent equity stake in METRO Cash & Carry India Pvt. Ltd. (METRO India) for a total cash estimation of Rs 2,850 crore, subject to closing adjustments

Dec 22, 2022

Revlon surges 62% in trade after Reliance Industries said to weigh offer

Revlon Inc shares surged as much as 62 per cent in New York trading after media reports said Reliance Industries Limited (RIL) is considering buying the cosmetics giant.

Jun 18, 2022

Why Reliance and Aramco call off their whopping $15 billion deal: Explained

RIL and Aramco inked a non-binding letter of intent in August 2019 for the Saudi giant to buy a 20% share in Reliance's Oil to chemical business for $15 billion.

Nov 22, 2021

Mukesh Ambani with a net worth of $92.7 billion tops Forbes List of India's Richest Persons in 2021

A soaring stock market propelled the combined wealth of members of the 2021 Forbes list of India's 100 Richest to a record US$775 billion, after adding $257 billion -- a 50 per cent rise -- in the past 12 months.

Oct 7, 2021

Sensex hits new high of 58,500 points

The Indian stock market traded in the green on Monday morning with the BSE Sensex touching a new record high.

Sep 6, 2021

Aramco Chairman Yasir Al Rumayyan joins RIL board; appointed as independent director [details]

RIL board had approved the appointment of Yasir O. Al-Rumayyan, as an additional director of the company, designated as an independent director.

Jul 23, 2021

Mukesh Ambani accused of manipulative trading; fined ₹15cr by SEBI [Details]

Market experts have argued that the order is unlikely to affect RIL share on Dalal Street. Read on to know what happened.

Jan 2, 2021

Reliance Industries and BP start gas production from Asia's deepest field

RIL is the lead operator with 66.67% participating interest in the KG-D6 block with BP holding the remaining 33.33%

Dec 18, 2020

Saudi Arabia's PIF to buy 2.04% in Reliance Retail for Rs 9,555 cr

Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced that the Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04 per cent into RRVL, a subsidiary of Reliance Industries.

Nov 5, 2020

RIL Q2 result: Mukesh Ambani loses $5 billion as share tanks more than 8%

RIL's stock has outperformed Sensex with a 29% jump since the beginning of this year but due to crashing oil demand, its revenues fell

Nov 2, 2020

Silver Lake co-investors buy additional stake in Reliance Retail for Rs 1,875 crore

Reliance Industries Ltd (RIL) and Reliance Retail Ventures Ltd (RRVL) announced on Wednesday that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of RIL.

Oct 1, 2020

Backlash over Reliance Jio's decision to charge voice calls

General Atlantic to invest Rs 3,675 cr in Reliance Retail

US-based private equity firm General Atlantic will invest Rs 3,675 crore for a 0.84 per cent stake in Reliance Retail, the Indian firm said on Wednesday.

Sep 30, 2020

Silver Lake to invest Rs 7,500 crore for 1.75% in Reliance Retail

U.S. private equity firm Silver Lake Partners will invest 75 billion rupees ($1.02 billion) in the retail arm of Indian conglomerate Reliance Industries Ltd for a 1.75% stake, Reliance said on Wednesday.

Sep 9, 2020

ByteDance in talks with Reliance for investment in TikTok

China's ByteDance is in early talks with Reliance Industries Ltd for an investment in its video-based app TikTok's business in India, TechCrunch reported here on Thursday, citing sources.

Aug 13, 2020

Reliance to pay up to $3.6 billion for Future Group retail operations

Mukesh Ambani's Reliance Industries Ltd will pay between 240 billion and 270 billion rupees ($3.2-$3.6 billion) to buy the Indian retail chains owned by Future Group, Mint newspaper reported on Tuesday, citing two sources familiar with details of the deal.

Jul 28, 2020

US 5G giant Qualcomm invests ₹730 crore in Reliance digital unit

India's Reliance Industries on Sunday said Qualcomm Inc's investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion Indian rupees ($97.1 million).

Jul 12, 2020

Reliance Industries (RIL) Chairman Mukesh Ambani

Intel to invests Rs 1,894.5 Crore in Reliance Jio, 12th deal in 11 weeks

Reliance Industries Ltd said on Friday that Intel Corp would buy a 0.39% stake in its digital unit, Jio Platforms, for 18.95 billion rupees ($253.55 million).

Jul 3, 2020

How Mukesh Ambani made Reliance Industries debt-free well ahead of its target

In less than 2 months, the company managed to secure investments around 1.6 lakh crore through 11 investors and the Right issue.

Jun 19, 2020

'Reliance now net debt-free, fulfilled my promise before schedule': Chairman Mukesh Ambani

Investments by global tech investors and a 'Rights Issue' has made Reliance Industries Ltd (RIL) a net debt-free company. Accordingly, RIL has raised over Rs 168,818 crore in just 58 days. The company's net-debt was Rs 161,035 crore, as on March 31, 2020.