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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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RIL-BP invite bids for KG D6 deep water gas

RIL-BP invite bids for KG D6 deep water gas

🕔15:23, 30.Dec 2020

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

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R-Cluster heralds new phase in India’s domestic gas: Axis Capital

R-Cluster heralds new phase in India’s domestic gas: Axis Capital

🕔16:51, 21.Dec 2020

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

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Reliance and BP announce first gas from Asia’s deepest project

Reliance and BP announce first gas from Asia’s deepest project

🕔17:48, 18.Dec 2020

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

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Jio, Facebook is value creation platform for small businesses in India: Mukesh Ambani

Jio, Facebook is value creation platform for small businesses in India: Mukesh Ambani

🕔16:35, 15.Dec 2020

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

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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 tops Fortune India 500 list of India’s largest companies

RIL tops Fortune India 500 list of India’s largest companies

🕔17:43, 3.Dec 2020

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

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Reliance Retail completes fund raise of Rs 47,265 crore for 10.09% stake

Reliance Retail completes fund raise of Rs 47,265 crore for 10.09% stake

🕔20:15, 19.Nov 2020

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

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Several EoIs received for BPCL sale, giants RIL, Aramco, BP not in race

Several EoIs received for BPCL sale, giants RIL, Aramco, BP not in race

🕔07:10, 17.Nov 2020

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

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Reliance Retail Ventures acquires 96% holding in Urban Ladder for Rs 182 cr

Reliance Retail Ventures acquires 96% holding in Urban Ladder for Rs 182 cr

🕔18:07, 15.Nov 2020

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

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RIL to invest $ 50 million in Breakthrough Energy

RIL to invest $ 50 million in Breakthrough Energy

🕔12:16, 13.Nov 2020

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

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Saudi PIF to invest Rs 9555 crore in Reliance Retail Ventures

Saudi PIF to invest Rs 9555 crore in Reliance Retail Ventures

🕔07:03, 6.Nov 2020

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,

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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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Amazon flexes muscles but Reliance holds deep war chest

Amazon flexes muscles but Reliance holds deep war chest

🕔07:52, 28.Oct 2020

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

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AI will expand capacity to solve India’s pressing problems: Mukesh Ambani

AI will expand capacity to solve India’s pressing problems: Mukesh Ambani

🕔06:57, 6.Oct 2020

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

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TPG to invest Rs 1,837 crore in Reliance Retail Ventures

TPG to invest Rs 1,837 crore in Reliance Retail Ventures

🕔06:37, 3.Oct 2020

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

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GIC to invest Rs 5,512 crore in Reliance Retail Ventures

GIC to invest Rs 5,512 crore in Reliance Retail Ventures

🕔06:36, 3.Oct 2020

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

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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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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 gaining enthusiasm on investments from global tech majors : Report

RIL gaining enthusiasm on investments from global tech majors : Report

🕔07:18, 12.Sep 2020

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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