Reliance Industries

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

PM Modi meets Mukesh Ambani, other industrialists to discuss economic revival ahead of Budget 2020

The meeting discussed the current economic scenario and measures needed to boost growth, consumption, employment, and reviving economy, sentiments and industrial growth from the slowdown.

Jan 7, 2020

Asia's richest man Mukesh Ambani adds $16.5 billion to his fortune in 2019

Mukesh Ambani is the 12th richest person in the world, with around $61 billion of net worth as of Tuesday.

Dec 24, 2019

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

Market today: Nifty, Sensex gain ahead of expected interest rate cut

Nifty has risen 7.7% and Sensex has gained 8.43% since the last rate cut in October, mainly due to measures such as reducing the corporate tax rate and expectations of more stimulus.

Dec 5, 2019

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

The surge in market capitalisation and share prices comes ahead of the company's second-quarter results to be announced later in the day.

Oct 18, 2019

Inflation data, Q2 results may keep equities jittery

The growth has hit the 81-month low.

Oct 13, 2019

Is Jio's new charge on inter-network calls bid to kill two birds with one stone?

With the new 6-paise charge on inter-network calls Reliance Jio may be eyeing increased profitability and higher market valuation.

Oct 11, 2019

Reliance to resume Venezuela oil loadings, says actions compliant to US sanctions

A spokesperson for Reliance said on Wednesday it has been supplying Venezuela with fuels, including diesel, permitted under US sanctions in exchange for the refined products.

Oct 10, 2019

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Reliance Infrastructure focuses on reducing its Rs 6,000-crore debt even as group firms' order books swell on government contracts.

Oct 1, 2019

Saudi plans major investment in India's refining, petrochemical sector

The Kingdom's state-owned Saudi Aramco is a joint venture partner of the $44 billion-Ratnagiri Refinery and Petrochemicals Ltd, which is reportedly decided to establish its refining and petrochemical facilities in Raigad district of Maharashtra.

Sep 30, 2019