Reliance Industries (RIL) is a Fortune 500 company and the largest private sector corporation in India. With the motto “Growth is Life”, Reliance evolved from being a textiles and polyester company to an integrated player across energy, materials, retail sector, entertainment and digital services. Its operations span from exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals, synthetic textiles and fabrics. As per its website, Reliance has generated shareholder value of 32 percent market capitalisation (CAGR) since IPO. It has employee value of 1.8 crore hours in terms of man hours of training imparted and societal value through generation of over 50 lakh indirect employment. It is also the highest payer of customs and excise duty in the private sector. Reliance Jio has 426.2 million subscribers, the conglomerate runs the world's largest refinery at a single location, 1 in every 2 Indians is a consumer of its media content, and it is the first Indian retailer to cross $10 billion in revenue. RIL is also heavily involved in Corporate Social Responsibility (CSR) initiatives in education, health, environment and social development, which forms a sizeable chunk of its community outreach programmes. Nearly 400,000 people benefit from these continuing programmes every month, as per the website. More
The momentum seems to be in favour of bulls but having consistent run-up for the last few days, some bouts of volatility and consolidation can be seen in coming sessions, before taking gradual march towards first 18,700-19,000 area
The draft recommendation will be discussed by members of the committee and finalized on November 29.
Congratulating the students on their graduation, Ambani shared three mantras for success - Think Big, Think Green and Think Digital.
Reliance Industries can leverage its NBFC licence, network of stores and existing telecom and retail customers for Jio Financial Services, the foreign brokerage said
Breaching either side of 18,200-18,450 range can give some kind of direction to the market in the coming days, but having a monthly expiry and FOMC minutes scheduled this week, volatility and consolidation is at the top before any kind of big move on either side of range
The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here.
Reliance Strategic Investments Limited, a wholly-owned subsidiary of RIL, also named Kamath as an independent director and non-executive chairman
The retail arm of the oil-to-telecom conglomerate Reliance Industries is in talks to acquire a 49 percent stake in Groom India Salons & Spa
The stake acquired for $15 million (Rs 123.4 crore) takes Reliance Strategic Business Ventures' total shareholding to 62.83 percent on a fully diluted basis
If the Nifty closes above 17,800 on the weekly scale, it may touch 18,400 in a couple of weeks but a close below 17,400 can see it slide to 17,000
The increase of 32.4 percent in gross revenue was driven by higher realisation in O2C business with sharp increase in energy prices. Revenue growth also reflected continued growth momentum across consumer businesses, the company said
The company announced that the financial services undertaking will be demerged into RSIL and it will be renamed Jio Financial Services Limited (JFSL).
RIL Q2 results highlights: Commenting on the results, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited said: "Performance of our O2C business reflect subdued demand and weak margin environment across downstream chemical products."
Charoen Pokphand Group Co. is no longer actively in talks with Metro, leaving only Ambani’s Reliance to pursue the so-called cash-and-carry business, the people said, asking not to be identified as the information is private. A final decision could emerge as early as next month, one of the people said.
The merchandise is available at select Reliance Retail stores and on Reliance Retail’s e-commerce platforms
RIL is looking to raise the funds to support its capital expenditure plan and is in talks with a group of lenders including Barclays, HSBC, and MUFG Bank, the report said.
From the team of blockbuster movie RRR to Alia Bhatt, Allu Arjun and more, the grand finale will unveil the top entertainer of the year
From the new queen of Indian Boxing Nikhat Zareen to Olympic Gold Medalist Neeraj Chopra to Chess prodigy R Praggnanandhaa and more, this year’s IOTY sports nominations consist of talent powerhouses.
India’s most prestigious awards are back to felicitate personalities across the fields of Sports, Entertainment, Politics, Startups, Social Change, and Climate Warrior
Offence in this incidence is being registered at DB Marg Police Station and further investigation in this matter is being done by Mumbai Police.
"The scion of Indian industrialist royalty, Akash Ambani was always expected to rise in business. But he has been putting in hard work," Time said.
Gautam Shah said that the Indian market is in a "short-term downtrend".
Reliance New Energy and Caelux have also entered into a strategic partnership agreement for technical collaboration and commercialisation of latter’s technology.