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Tag "Reliance Industries"

RIL to carve-out its oil-to-chemicals business by Q2 FY22

RIL to carve-out its oil-to-chemicals business by Q2 FY22

🕔12:18, 23.Feb 2021

New Delhi, Feb. Feb 23  Reliance Industries Ltd (RIL) proposes to carve out its oil-to-chemicals (O2C) business into a separate wholly-owned subsidiary by second quarter of FY22. The process would result in formation of a new firm — Reliance O2C

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RIL’s Q3FY21 consolidated net profit rises to Rs 14,894 cr

RIL’s Q3FY21 consolidated net profit rises to Rs 14,894 cr

🕔03:17, 23.Jan 2021

New Delhi, Jan 23  Reliance Industries Ltd (RIL) on Friday reported a rise of over 25 per cent in its consolidated net profit for the quarter ended December 31 of FY2020-21 on a year-on-year (YoY) basis. The company’s consolidated net

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Reliance biggest wealth creator in past 25 years: Report

Reliance biggest wealth creator in past 25 years: Report

🕔07:04, 23.Dec 2020

New Delhi, Dec 23 Reliance Industries has emerged as the biggest wealth creator for the period between 1995 and 2020, said a report by the Motilal Oswal Financial Services. IT major Infosys has turned out to be the fastest wealth

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Partnership with Jio to help support millions of SMBs: Zuckerberg

Partnership with Jio to help support millions of SMBs: Zuckerberg

🕔16:34, 15.Dec 2020

New Delhi, Dec 15  Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India. Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance

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Mukesh Ambani calls for policy steps for early roll out of 5G

Mukesh Ambani calls for policy steps for early roll out of 5G

🕔15:12, 8.Dec 2020

New Delhi, Dec 8  Reliance Industries (RIL) Chairman Mukesh Ambani on Tuesday said there was a requirement of policy measures for the early roll out of the fifth generation (5G) connectivity technology. Addressing the inaugural session of India Mobile Congress

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RIL’s Q2FY21 consolidated net profit slips to Rs 10,602 cr

RIL’s Q2FY21 consolidated net profit slips to Rs 10,602 cr

🕔07:08, 31.Oct 2020

New Delhi, Oct 31  Reliance Industries Ltd (RIL) on Friday reported a decline in its consolidated net profit for the quarter ended September 30 of FY2020-21 on a year-on-year (YoY) basis due to the effect of an exceptional item. Accordingly,

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RIL Group deals account for 45% of $26.3 bn PE-VC investments

RIL Group deals account for 45% of $26.3 bn PE-VC investments

🕔06:35, 3.Oct 2020

New Delhi, Oct 3 The $12.1 billion invested by global private equity and sovereign wealth funds in Reliance Industries’ Jio Platforms ($ 9.9 billion) and Reliance Retail ($ 2.3 billion) accounted for 45 per cent of the total PE-VC investment value

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Abu Dhabi’s Mubadala to invest over Rs 6,247 cr in Reliance Retail

Abu Dhabi’s Mubadala to invest over Rs 6,247 cr in Reliance Retail

🕔19:43, 1.Oct 2020

Mumbai, Oct 1 Reliance Industries on Thursday said that Abu Dhabi-based sovereign investor Mubadala Investment Company will invest Rs 6,247.5 crore into Reliance Retail Ventures. Mubadala’s investment will translate into a 1.40 per cent equity stake in RRVL on a fully

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Silver Lake co-investors to invest Rs 1,875 crore more into Reliance Retail

Silver Lake co-investors to invest Rs 1,875 crore more into Reliance Retail

🕔08:49, 1.Oct 2020

New Delhi, Oct 01  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. This brings the aggregate investment

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RIL offers up to 40% stake in Reliance Retail to Amazon

RIL offers up to 40% stake in Reliance Retail to Amazon

🕔08:13, 11.Sep 2020

Mumbai, Sep 11  Reliance Industries Ltd (RIL) has offered up to 40 per cent stake in its subsidiary Reliance Retail Ventures Ltd (RRVL) to Amazon.com Inc. for about $20 billion. Amazon has held discussions about investing in the retail arm

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RIL among top 40 of world’s most valuable firms, first Indian company to cross $210 billion in m-cap

RIL among top 40 of world’s most valuable firms, first Indian company to cross $210 billion in m-cap

🕔08:00, 11.Sep 2020

New Delhi, Sep 11  Reliance Industries Limited (RIL) has entered the top 40 of worlds most valuable firms and becomes the first Indian company to cross $ 210 billion in market capitalisation intra-day. At this market valuation, Reliance Industries is

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RIL moves to hive off oil-to-chemicals biz for investors

RIL moves to hive off oil-to-chemicals biz for investors

🕔08:26, 8.Sep 2020

New Delhi, Sep 8  Reliance Industries Ltd (RIL) has announced an arrangement for hiving off its O2C (oil to chemicals) business into a wholly-owned subsidiary, which can attract investors. In a regulatory filing, RIL said the rationale of the scheme

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RIL to now focus on monetization with ‘commerce layer’

RIL to now focus on monetization with ‘commerce layer’

🕔13:31, 7.Sep 2020

New Delhi, Sep 7  In the next four years, Reliance Industries Limited (RIL)’s focus would be to add a third “layer of commerce” and monetize the existing investments across different formats. According to a research report by BofA Securities, in

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Reliance Retail acquires majority stake in Netmeds for Rs 620 cr

Reliance Retail acquires majority stake in Netmeds for Rs 620 cr

🕔08:10, 19.Aug 2020

New Delhi, Aug 19  Reliance Industries Limited (RIL) on Tuesday announced that its subsidiary Reliance Retail Ventures Limited (RRVL) has acquired a majority equity stake in Vitalic Health Pvt Ltd and its subsidiaries (collectively known as Netmeds) for a cash

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RIL has 15-year vision to be a new energy company: Report

RIL has 15-year vision to be a new energy company: Report

🕔19:11, 9.Aug 2020

Mumbai, Aug 9  Oil and telecom major Reliance Industries (RIL) has a 15-year vision to become a new energy company aimed at turning into a net carbon-zero company, according to a report by BofA Securities. The report says that RIL

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RIL’s Q1FY21 consolidated net profit up 30.6% at Rs 13,248 cr

RIL’s Q1FY21 consolidated net profit up 30.6% at Rs 13,248 cr

🕔07:13, 31.Jul 2020

New Delhi, July 31  Reliance Industries Ltd (RIL) on Thursday reported a rise of 30.6 per cent, including the effect of exceptional items, in its consolidated net profit for the quarter ended June 30 of FY 2020-21 on a year-on-year

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RIL 2nd most valuable energy company, overtakes ExxonMobil

RIL 2nd most valuable energy company, overtakes ExxonMobil

🕔07:52, 25.Jul 2020

New Delhi, July 25  With the recent surge in share prices, Reliance Industries (RIL) has become the second most valuable energy company in the world, overtaking American oil giant ExxonMobil. At the close of trade on Friday, the market capitalisation

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Online penetration for grocery to reset, aided by RIL’s entry

Online penetration for grocery to reset, aided by RIL’s entry

🕔17:00, 21.Jul 2020

New Delhi, July 21  Online penetration for the grocery segment is expected to reset to a higher level due to Covid, further aided by the entry of Reliance Industries Ltd (RIL) in this space, according to a Goldman Sachs report

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RIL holds world’s largest virtual shareholder meeting

RIL holds world’s largest virtual shareholder meeting

🕔19:56, 15.Jul 2020

New Delhi, July 15  Reliance Industries Limited (RIL) on Wednesday hosted the worlds largest virtual shareholder meet with 3.2 lakh shareholders live on the newly-minted JioMeet platform from 550 cities across 48 countries. Nita Ambani, Chairperson and Founder of Reliance

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Google to invest Rs 33,737cr in Jio Platforms for 7.73% stake

Google to invest Rs 33,737cr in Jio Platforms for 7.73% stake

🕔16:35, 15.Jul 2020

Mumbai, July 15 In a mega investment announcement, Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday said that Google will invest Rs 33,737 crore in Jio Platforms for an equity stake of 7.73 per cent. Google is investing at an

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