ADIA and PIF have also invested a combined amount of roughly $2.2 billion in Jio Platforms, RIL's telecom unit.
In the coming days, investors should watch out for RIL's rollout of 5G solutions, scale-up of retail business, traction in technological innovations and spin-off of the oil to chemicals (O2C) business
Moneycontrol's Sakshi Batra does a 3-Point Analysis of the earnings fineprint.
Revenue for Reliance Jio was at Rs 17, 481 cr for this quarter versus Rs 12, 354 cr year-on-year.
The stock rallied 35 percent in 2020, while it showed stellar returns of 131 percent from March 23's closing lows.
Jio is likely to maintain its earnings growth on all parameters with addition of more than 10 million subscribers QoQ.
Reliance Jio and Reliance Retail should drive next leg of growth, said Motilal Oswal.
In the Jeff Bezos vs Mukesh Ambani battle for the Indian retail market, which is now also evolving into a 'videshi vs swadeshi' battle, questions are being raised by corporate watchers.
The share touched its 52-week high Rs 2,368.80 and 52-week low Rs 867.45 on September 16, 2020 and March 23, 2020, respectively.
The decision by Mukesh Ambani’s Reliance Industries is in many ways the equivalent of a veritable economic stimulus that would help spark demand in the economy and potentially push other companies to follow suit.
Nifty is trading above all important moving averages 20/50/200 DMA indicating price action is in favour of bulls.
Reliance Jio 5G network hits 1 Gbps speed milestone; door shut on Chinese equipment vendors
Other than individuals, the report also ranks public traded companies in India. Seven of the largest public traded companies are led or was being most recently led by the individuals in the IIFL Wealth Hurun India Rich List 2020.
Here is the full text of RIL CMD Mukesh Ambani's address at the TM Forum's Digital Transformation World Series 2020.
ADIA’s investment will translate into a 1.20% equity stake in RRVL on a fully diluted basis.
Monetisation in Reliance Retail gathers pace
GIC will invest Rs 5,512.5 crore for 1.22 percent share in Reliance Retail and TPG will put in Rs 1,837.5 crore to buy a 0.41 percent stake in the RIL retail arm.
The investments from GIC and TPG value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.
This kit is a complete indigenous development by the R&D scientists working at the firm, they said, adding one biggest advantage of this kit is that it is simple to use and uses readily available simple reagents and primers which can be synthesised in India.
The company also received subscription amount of Rs 1,894.50 crore from Intel Cap for Jio platforms and received subscription amount of Rs 730 crore from Qualcomm for Jio platforms.
Earlier in 2020, General Atlantic had invested Rs 6,598.38 crore in Jio Platforms, the telecom unit of Reliance Industries.
Deal with General Atlantic marks the third monetisation in Reliance Retail
This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore.
Among the zodiac signs, Aries, zodiac sign of Mukesh Ambani, had the best year in terms of wealth.
Being home to 217 individuals that comprise 26 percent of the list, Mumbai is the residential capital of India’s wealthy, followed by New Delhi and Bengaluru.