Reliance Industries

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

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

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.

Jun 19, 2020

Reliance says Saudi's PIF to invest Rs 11,367 crore in Jio

Saudi Arabia's Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries' digital unit Jio Platforms for 113.67 billion rupees ($1.49 billion), the Indian conglomerate said on Thursday, June 18.

Jun 18, 2020

Private equity firm KKR to invest Rs 11,367 crore in Reliance Jio for 2.32% stake

Reliance Industries Limited (RIL) and Jio Platforms Limited, India's leading digital services platform, announced on Friday that US private equity fund, KKR will invest Rs 11,367 crore into Jio Platforms.

May 22, 2020

Mukesh Ambani's RIL could sail through India's economic crisis unscathed: See how

At a time when the world economy has come to a standstill with businesses suffering huge losses, and companies deliberating on means and measures to tide over the Covid-19 crisis, Reliance Industries Limited (RIL) is riding high on success. RIL's Jio platform has managed to attract major investments in a span of just 3 weeks from Facebook, Silver Lake and Vista, in hopes to fortify the digital ecosystem in India and empower consumers in the near future.

May 16, 2020

RIL employee pay-cut is bad news for Indian businesses

During this unprecedented pandemic, a multi-dollar company like Reliance Industries Limited doing pay cuts is indeed worrisome; other companies will follow the trend leaving thousands affected

Apr 30, 2020

Facebook-Jio deal worth Rs 43,574 crore, largest FDI in India's tech sector; read statement

Facebook announced an investment of USD 5.7 billion (Rs 43,574 crore) for acquiring a minority stake in Jio Platforms Ltd. Reliance, in a statement, said Facebook's investment will translate into a 9.99 per cent equity stake in Jio Platforms.

Apr 22, 2020

Mother of all deals: Facebook may buy 10 percent stake in Reliance Jio

India has emerged as a major market for global tech giants with its increased mobile and internet penetration.

Mar 25, 2020

Free meals, 1 lakh masks per day, India's first Covid-19 hospital: RIL fights coronavirus in India

Mukesh Ambani led conglomerate has taken a series of measures to fight against Covid-19 which has already claimed more than 16,300 lives across the world.

Mar 24, 2020

Bloodbath at Dalal Street: Sensex plunges over 2400 points, Nifty falls over 600 amid Coronavirus fear

The BSE Sensex was trading at 35,144, lower than 2400 points or 6.4 per cent from its previous close of 37,576.62.

Mar 9, 2020