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Tag "Reliance Industries"

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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RIL PP now more valuable than Tata Steel, Grasim, Zee

RIL PP now more valuable than Tata Steel, Grasim, Zee

🕔07:27, 15.Jul 2020

New Delhi, July 15  Shares of Reliance Industries’ partly-paid (RIL PP) on Tuesday completed one month of trading and in this short period it has created 3.3 times value for investors. The shares closed at Rs 1,041.65 on NSE on

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RIL’s m-cap hits Rs 12 lakh cr, shares at fresh high

RIL’s m-cap hits Rs 12 lakh cr, shares at fresh high

🕔11:20, 13.Jul 2020

Mumbai, July 13 Reliance Industries (RIL) on Monday became the first Indian company to reach market capitalisation of Rs 12 lakh crore, with shares reaching a fresh high of Rs 1,938.80. Around 10 a.m., RIL’s market capitalisation was at over Rs

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Mukesh Ambani world’s 7th richest, overtakes Warren Buffet

Mukesh Ambani world’s 7th richest, overtakes Warren Buffet

🕔07:24, 11.Jul 2020

New Delhi, July 11  Reliance Industries (RIL) Chairman Mukesh Ambani has become the seventh richest person in the world overtaking Warren Buffet, one of the most successful investors globally, according to the Forbes Real Time Billionaires Index. As per the

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RIL, BP launch fuel and mobility joint venture

RIL, BP launch fuel and mobility joint venture

🕔07:14, 10.Jul 2020

New Delhi, July 10  Reliance Industries Ltd (RIL) and British Petroleum (BP) on Thursday announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). Following initial agreements in 2019, BP and RIL teams

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Jio Platforms receives Rs 43,574 cr from Facebook after approvals

Jio Platforms receives Rs 43,574 cr from Facebook after approvals

🕔07:58, 8.Jul 2020

New Delhi, July 8  Jio Platforms has received Rs 43,574 crore from Facebook, which now owns 9.99 per cent in the company. In a filing with stock exchanges, Reliance Industries Ltd (RIL) said this is further to the announcement on

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