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RIL arm acquires stake in Strand Life Sciences for Rs 393 cr

RIL arm acquires stake in Strand Life Sciences for Rs 393 cr

🕔18:47, 3.Sep 2021

Mumbai, Sep 3  Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries (RIL), has acquired over 2.28 crore equity shares stake in Strand Life Sciences Pvt Ltd for Rs 393 crore. A further investment of up to

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Reliance will create and offer fully integrated, end-to-end renewables energy ecosystem to India: Mukesh Ambani

Reliance will create and offer fully integrated, end-to-end renewables energy ecosystem to India: Mukesh Ambani

🕔12:09, 3.Sep 2021

New Delhi, Sep 3 (IANS) Mukesh Ambani, Chairman, Reliance Industries Limited (RIL) has said that the company has started developing the Dhirubhai Ambani Green Energy Giga Complex over 5,000 acres in Jamnagar. Speaking at the International Climate Summit 2021, Ambani said

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Global energy giants may join BPCL privatisation race

Global energy giants may join BPCL privatisation race

🕔20:24, 26.Aug 2021

New Delhi, Aug 26 (IANS) Global oil companies are likely to partner with major investment funds which already have submitted Expressions of Interest (EoI) for the state-run BPCL. Along with Anil Agarwal-led Vedanta, Apollo Global Management, and Think Gas (promoted by

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Saudi Aramco-RIL deal talks in advanced stage, may close soon

Saudi Aramco-RIL deal talks in advanced stage, may close soon

🕔21:26, 16.Aug 2021

New Delhi, Aug 16  The talks between Saudi Aramco and Reliance Industries (RIL) for the Saudi oil major’s stake purchase in RIL’s oil-to-chemical business are in an advanced stage and may conclude in coming weeks. Aramco is discussing the purchase

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Reliance said to weigh bid for T-Mobile Netherlands: Report

Reliance said to weigh bid for T-Mobile Netherlands: Report

🕔20:37, 10.Aug 2021

New Delhi, Aug 10 Billionaire Mukesh Ambanis Reliance Industries is weighing a bid for Deutsche Telekom AG’s Netherlands subsidiary, according to people familiar with the matter, Bloomberg reported. The Indian conglomerate is working with an adviser to evaluate an offer for

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Reliance Industries doubles PET recycling capacity

Reliance Industries doubles PET recycling capacity

🕔21:27, 4.Aug 2021

Mumbai, Aug 4  Reliance Industries Ltd (RIL) is doubling its PET recycling capacity by setting up a recycled polyester staple fibre (PSF) manufacturing facility in Andhra Pradesh. The move is part of the RIL’s commitment to lead the industry on

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RIL likely to produce natural gas from MJ field starting Q3FY23

RIL likely to produce natural gas from MJ field starting Q3FY23

🕔07:27, 26.Jul 2021

Mumbai, July 26  Reliance Industries Ltd (RIL) is likely to produce natural gas from the MJ field of the KG D6 block by the third quarter (October-December) of next fiscal. The company, in an investor presentation, said that the first

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We can make next 30 years the best in India’s history : Mukesh Ambani

We can make next 30 years the best in India’s history : Mukesh Ambani

🕔15:35, 24.Jul 2021

New Delhi, July 24 (IANS) “I am supremely hopeful and confident about the Rise of New India. I can see that the spirit of India is more resurgent than ever before”, Mukesh Ambani, Chairman, Reliance Industries Limited (RIL) wrote in Times

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RIL’s Q1FY22 net profit jumps 66% to Rs 13,806 cr

RIL’s Q1FY22 net profit jumps 66% to Rs 13,806 cr

🕔21:50, 23.Jul 2021

Mumbai, July 23  Conglomerate Reliance Industries Ltd (RIL) on Friday reported a 66.7 per cent growth in its year-on-year consolidated net profit for the quarter ended June 30, at Rs 13,806 crore. The company, in a regulatory filing said that

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Aramco Chairman joins RIL board

Aramco Chairman joins RIL board

🕔18:38, 22.Jul 2021

Mumbai, July 22  Reliance Industries (RIL) said on Thursday that the appointment of Aramco Chairman Yasir Al Rumayyan as an independent director of the company has taken effect from July 19. On June 24, RIL board had approved the appointment

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RIL’s retail business likely to grow 3x in next 3-5 years

RIL’s retail business likely to grow 3x in next 3-5 years

🕔13:16, 19.Jul 2021

Mumbai, July 19  Reliance Industries’ (RIL) retail business is expected to grow three times in next the next three to five years at a robust CAGR of 35-40 per cent, said a Bernstein report. Digital or new commerce continues to

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RIL invests Rs 1 lakh cash in 10K equity shares of new energy arm

RIL invests Rs 1 lakh cash in 10K equity shares of new energy arm

🕔07:20, 13.Jul 2021

New Delhi, July 13  Reliance Industries Ltd has invested Rs 1 lakh in cash in 10,000 equity shares of its newly-incorporated subsidiary Reliance New Energy Solar Ltd (RNESL). In a regulatory filing on Monday, RIL noted that RNESL is yet

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ADNOC, Reliance sign pact for chemical project in Ruwais

ADNOC, Reliance sign pact for chemical project in Ruwais

🕔07:30, 30.Jun 2021

Mumbai, June 30 Reliance Industries and Abu Dhabi National Oil Company (ADNOC), a state-run oil company of the UAE, have finalised an agreement for a petrochemical joint venture several months after signing a broad framework agreement. The two on Tuesday announced

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Saudi Aramco chairman to join RIL Board

Saudi Aramco chairman to join RIL Board

🕔15:39, 24.Jun 2021

Mumbai, June 24 In a major development in the much anticipate Reliance Industries, Saudi Aramco partnership, Yasir Al-Rumayyan, the Chairman of Saudi Aramco will join the RIL board as an Independent Director, announced RIL CMD Mukesh Ambani. Addressing the 44th Annual

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Retail business likely to be RIL’s next growth engine

Retail business likely to be RIL’s next growth engine

🕔18:33, 21.Jun 2021

Mumbai, June 21  Oil-to-telecom giant Reliance Industries (RIL) which has largely seen its growth coming on the back of its petrochemical business over the past decades, is set to see a shift in the anchor’s role with the retail business,

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RIL may go big in its new energy business amid climate concerns

RIL may go big in its new energy business amid climate concerns

🕔17:17, 3.Jun 2021

New Delhi, June 3  As environmental concerns regain momentum across the globe and companies are setting carbon neutral targets, oil-to-telecom major Reliance Industries (RIL) plans to give a major push to its new energy and new materials business. In his

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Healthy Outlook: Jefferies maintains buy on RIL, cited demand upside

Healthy Outlook: Jefferies maintains buy on RIL, cited demand upside

🕔15:53, 29.May 2021

Mumbai, May 29  Reliance Industries’ (RIL) sustained petrochemical performance has improved the likelihood of O2C stake sale in FY22, said financial services company Jefferies. Accordingly, Jefferies maintained the ‘buy’ call on RIL with a target and Rs 2,580 or 30

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RIL to fly in Israeli experts for detection of Covid cases

RIL to fly in Israeli experts for detection of Covid cases

🕔16:23, 7.May 2021

New Delhi, May 7  Reliance Industries (RIL) has sought permission to fly a team of experts from Israel to India to train and install a rapid Covid-19 identification solution, a source who spoke on assurance of anonymity said. Reliance signed

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RIL’s swift steps make it largest producer of medical Oxygen

RIL’s swift steps make it largest producer of medical Oxygen

🕔17:52, 1.May 2021

Mumbai, May 1  As India grapples with an unprecedented new wave of the Covid Pandemic, Reliance Industries has scaled up production of medical grade liquid oxygen, becoming country’s largest producer of this life-saving resource from a single location in just

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RIL doubles Q4 net profit to Rs 13,227 cr

RIL doubles Q4 net profit to Rs 13,227 cr

🕔05:17, 1.May 2021

Mumbai, April 30  The Reliance Industries Ltd (RIL) on Friday reported a 108 per cent growth in its consolidated net profit for the January-March quarter at Rs 13,227 crore. During the same quarter of FY20, the company had reported a

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