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
New Delhi, Dec 30 Reliance Industries Limited (RIL) and BP Exploration Alpha Limited (BPEAL) have invited bids through an online platform companies for the gas produced from the KG D6 basin in Kakinanda. In a public notice, RIL and BP
New Delhi, Dec 21 RIL-BP announced start of gas production from first of its three cluster fields in KG-D6 basin which heralds a new phase in Indias domestic gas. Axis Capital said in a note that this is India’s deepest
New Delhi, Dec 18 Reliance Industries Limited (RIL) and BP on Friday announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the Kakinada coast. RIL and BP are developing three deepwater gas
New Delhi, Dec 15 Mukesh Ambani, Chairman, Reliance Industries Limited (RIL) has said that the partnership between Jio and Facebook is great for India, Indians and small Indian businesses. Ambani was in conversation with Mark Zuckerberg, CEO, Facebook at the
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
New Delhi, Dec 3 Reliance Industries Limited (RIL) has been ranked Number One in the 2020 Fortune India 500 list of India’s largest companies. According to Fortune India, Reliance pipped the public-sector Indian Oil Corporation (IOC) last year to top
New Delhi, Nov 19 Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) have completed the current phase of partner induction and fund raise exercise for RRVL. Accordingly, the RRVL has received cumulative subscription amount of Rs 47,265 crore
New Delhi, Nov 17 The much-anticipated privatisation process of the Bharat Petroleum Corporation Ltd (BPCL) completed its first phase on Monday with several suitors submitting Expressions of Interest (EoIs). However, sources said that major energy giants including Reliance Industries, Saudi
New Delhi, Nov 15 Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) has acquired equity shares of Urban Ladder Home Decor Solutions Private Limited (UrbanLadder) for a cash consideration of Rs 182.12 crore. The investment represents
New Delhi, Nov 13 Reliance Industries Limited (RIL) announced on Thursday that it has entered into a definitive agreement for making capital contribution of up to $50 million in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, newly incorporated
New Delhi, Nov 6 Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Thursday that the Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04 per cent into RRVL,
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,
New Delhi, Oct 28 The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called “gatekeeper for e-commerce” to
New Delhi, Oct 6 Reliance Industries Ltd (RIL) Chairman Mukesh Ambani said on Monday that AI and other associated technologies of the 4th Industrial Revolution will vastly expand the capacity to solve most complex and pressing problems before India and
New Delhi, Oct 3 Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Saturday that global investment firm TPG will invest Rs 1,837.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a
New Delhi, Oct 3 Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Friday that Singapore’s GIC will invest Rs 5,512.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value
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
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
New Delhi, Sep 12 Reliance Industries Limited (RIL) is garnering greater levels of enthusiasm from investors given the investments from global technology majors and also the digitization pathway it has laid out, Morgan Stanley said in a report. “Also with
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