Despite a slowing economy, some tycoons saw big gains to their fortunes.
The company's filing to stock exchanges for the shareholding pattern for the quarter ended June 30, 2019, showed promoter group holding at 47.29 per cent.
Jio Fiber customers who opt for annual plans will get an HD or 4K LED TV and 4K set-top box free.
Most global brokerage firms maintained their rating on RIL post the AGM. The most aggressive target price was put out by Nomura of Rs 1600 which translates into a rise of nearly 38%.
The JioFiber set-top boxes will support console-quality gaming, rife with an in-built graphics card.
Investors will appreciate the initiatives announced at the RIL AGM, not least the partnership with Microsoft. The stage has been set for a re-rating of the RIL stock.
In the last one year, Reliance Industries became India's largest and most profitable company
As on FY19 end, RIL had a net debt of Rs 1.54 lakh crore
Jio and Microsoft have entered into a long-term alliance to accelerate the digital transformation of India to launch new cloud data centres, ensuring more organisations can access the tools and platforms they need to build their own digital capability
These projects together, when fully developed, will bring about 1 billion cubic feet a day of new domestic gas on stream, phased over 2020-2022
The company is preparing its Jamnagar complex, the world's largest refinery at a single location, to be future ready as fuel demand undergoes change with advent of electric vehicles.
RIL's revenue soared 32.1 percent from $62.3 billion in 2018 to $82.3 billion in 2019. In comparison, IOC clocked a 17.7 percent growth in revenue from $65.9 billion to $77.6 billion.
Fashion empire Louis Vuitton head Bernard Arnault had the largest individual gain of $39 billion, which catapulted him to the second spot
The fund raising comes amid reports of the company planning to infuse as much as Rs 20,000 crore into its telecom unit, Jio, to bolster broadband and e-commerce play ahead of a potential entry into 5G mobile telephony services in future.
Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore. In comparison, IOC posted a turnover of Rs 6.17 lakh crore for the fiscal, according to regulatory filings by the two companies.
The Time 100 Most Influential People 2019 list was released Wednesday, naming the world's most influential pioneers, leaders, titans, artists and icons of the year.
NMSEZ, which is promoted by Reliance Industries Chairman Mukesh Ambani, Jai Corp India, SKIL Infrastructure Ltd and City and Industrial Development Corp (CIDCO), was supposed to open to industrial units in 2019.
Every police station in Mumbai is receiving the boxes from the family of the Reliance Industries chairman, whose son Akash Ambani is getting married here on March 9, an official said.
E-commerce colossus Amazon founder Bezos, 55, remains the world's richest person, ahead of Bill Gates and Warren Buffett, as his riches swelled by $19 billion in one year and is now worth $131 billion, Forbes said.
Hurun released its Global Rich List for 2019, find out who the world's richest individuals are.
Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion, which may not hold for long as he is divorcing his wife who owns half of his 16 percent in the world's largest online retailer.
Jio reported a revenue of Rs 10,380 crore in October-December quarter, beating Rs 10,060 crore revenue of Bharti, but lagged Rs 11,700 crore of Vodafone-Idea.
The centre comes after Reliance Industries chairman and managing director Mukesh Ambani became an e-resident of Estonia, along with other Indians including Union IT minister Ravi Shankar Prasad.
Mukesh Ambani said that RIL’s Rs 28,000 crore investment in West Bengal accounts to around one-tenth of the conglomerate’s total investments in India so far
Ambani added that in two decades, India will become the second largest economy in the world