Reliance Industries

Reliance Industries eyes majority stake in logistics startup Grab

The acquisition of the hyperlocal logistics company is expected to help RIL fine-tune its e-commerce plans.

Mar 1, 2019

What's Anil Ambani's net worth? Quicksilver erosion of $43 bln over a forgettable decade

Anil Ambani's net worth shrunk from $45 billion to $1.7 billion in 2019 and his flagship company RCom is burdened with Rs 45,000 crore debt.

Feb 21, 2019

Saudi Aramco in talks with Reliance to ramp up oil sector investments

The proposal is apart from the $44-billion Ratnagiri project in which Saudi Arabia and UAE are partnering India's state-owned oil marketing companies.

Feb 21, 2019

Reliance battles Comcast, Sony for a substantial stake in Zee

Subhash Chandra's Zee Entertainment has several global suitors including Apple, Sony, Comcast and Atairos seeking to buy a controlling stake.

Feb 19, 2019

As US sanctions comes into effect, Venezuela looks toward India for oil exports

The Venezuelan government is leaving no stone unturned to convince Indian refiners to double their oil purchase. In fact, its oil minister came Indian to broker a deal with refiners like including Reliance Industries Ltd and Nayara Energy Ltd.

Feb 14, 2019

RCom shares plunge more than 50% after bankruptcy move

The Reliance Communications board has said it now looks at comprehensive debt resolution within the next 270 days.

Feb 4, 2019

Will Modi govt's e-commerce policy help Reliance beat Amazon and Flipkart?

Reliance Industries will use its two subsidiaries, Reliance Retail and Jio to help the smaller retailers/merchants sell their products to rural and small towns of India

Jan 19, 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

Mukesh Ambani sets up Estonian JV for e-governance; takes up e-residency

There are just about 2,000 Indians who have opted to become e-residents of Estonia so far, primarily to access the business opportunity presented by the European Union.

Nov 4, 2018

Reliance Industries Q2 net up by 17% at Rs 9,516 crore; telecom, petrochem drive record profit

Reliance Industries reported a record net profit for the second quarter ending September on the back of robust performance in its petrochemicals and telecom businesses.

Oct 18, 2018

PM Modi is a corrupt man: Rahul Gandhi demands probe in Rafale deal

Gandhi's demand for a probe came a day after a report in French publication said Dassault Aviation, the manufacturer of Rafale, had to choose Ambani's firm Reliance Defence as its offsets partner in India as a trade-off for getting the deal.

Oct 11, 2018

Mukesh Ambani richest Indian for 11th consecutive year; Azim Premji, Lakshmi Mittal seal top 3

Billionaire Hinduja brothers, Pallonji Mistry, Shiv Nadar and others sealed the top 10 while biotech queen Kiran Mazumdar-Shaw emerged the biggest gainer percentage-wise among women in Forbes India Rich List 2018.

Oct 4, 2018

Post-2014, India 'richer' by 601 new billionaires; Mukesh Ambani on top

Among women, there was only one self-made billionaire in 2013, which increased to 11 in 2018. Women multi-billionaires shot up from just five in 2013 to 136 this year.

Sep 25, 2018

Only 5 companies driving stock market; should investors worry?

TCS, which is the first Indian tech company to hit the $100 billion mark, has contributed 35 per cent of the rise in the NSE this year.

Aug 26, 2018

Reliance denies joint venture with Alibaba; says there was no Mukesh Ambani-Jack Ma meet

Reports had earlier claimed that Mukesh Ambani and Jack Ma had met in Mumbai last month and planned for a joint venture.

Aug 21, 2018

Alibaba eyeing joint venture with Reliance; move to counter Walmart's India entry? [Updated]

The development is expected to further intensify the already booming e-commerce market in India where Amazon and Walmart are investing heavily in this segment.

Aug 20, 2018

7 Indian firms in Fortune 500 list; Indian Oil Corporation tops, Reliance Industries up 55 ranks

American retail giant Walmart tops the latest Fortune listing, while Indian Oil Corporation jumped to 137th position, from its 168th rank last year.

Aug 1, 2018

Mukesh Ambani-led Reliance Industries acquires Radisys for $74 million

Reliance Industries Limited has signed a deal for a 100 percent stake in Oregon-based Radisys Corporation.

Jun 30, 2018

Reliance Industries to go for Jio IPO in 2-3 years: Report

In December 2017, Bloomberg reported that RIL was considering a Reliance Jio IPO by early 2019.

Jun 25, 2018