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reliance industries

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

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  • Experts line up 10 stocks that may take part in Nifty's journey towards 19,000 Nov 29, 2022 08:36 AM IST

    Experts line up 10 stocks that may take part in Nifty's journey towards 19,000

    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

  • Kirit Parikh Committee report on gas prices likely by tomorrow. What are the key expectations? Nov 28, 2022 06:09 PM IST

    Kirit Parikh Committee report on gas prices likely by tomorrow. What are the key expectations?

    The draft recommendation will be discussed by members of the committee and finalized on November 29.

  • Mukesh Ambani envisions a $40 trillion economy by 2047, led by 'game-changing revolutions' Nov 22, 2022 06:07 PM IST

    Mukesh Ambani envisions a $40 trillion economy by 2047, led by 'game-changing revolutions'

    Congratulating the students on their graduation, Ambani shared three mantras for success - Think Big, Think Green and Think Digital.

  • RIL's fintech ambitions could create India's 5th largest financial services firm: Macquarie Nov 22, 2022 01:41 PM IST

    RIL's fintech ambitions could create India's 5th largest financial services firm: Macquarie

    Reliance Industries can leverage its NBFC licence, network of stores and existing telecom and retail customers for Jio Financial Services, the foreign brokerage said

  • Top 10 trading ideas for next 3-4 weeks in a market moving largely sideways Nov 21, 2022 10:20 AM IST

    Top 10 trading ideas for next 3-4 weeks in a market moving largely sideways

    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

  • Reliance set to acquire METRO Cash & Carry India in 500 million euros deal Nov 06, 2022 09:32 PM IST

    Reliance set to acquire METRO Cash & Carry India in 500 million euros deal

    The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here.

  • Reliance Industries appoints veteran banker KV Kamath as independent director Nov 04, 2022 06:40 PM IST

    Reliance Industries appoints veteran banker KV Kamath as independent director

    Reliance Strategic Investments Limited, a wholly-owned subsidiary of RIL, also named Kamath as an independent director and non-executive chairman

  • Reliance to explore uncharted territory with a stake in Naturals Salon & Spa: Report Nov 04, 2022 09:08 AM IST

    Reliance to explore uncharted territory with a stake in Naturals Salon & Spa: Report

    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

  • Reliance Industries subsidiary bumps up stake in US-based SkyTran Oct 29, 2022 10:34 AM IST

    Reliance Industries subsidiary bumps up stake in US-based SkyTran

    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

  • Hot Stocks | Here's why you should bet on HCL Tech, Petronet LNG, Reliance for short term Oct 27, 2022 06:14 AM IST

    Hot Stocks | Here's why you should bet on HCL Tech, Petronet LNG, Reliance for short term

    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

  • Ten takeaways from Reliance results as conglomerate posts record Q2 for consumer businesses Oct 21, 2022 10:03 PM IST

    Ten takeaways from Reliance results as conglomerate posts record Q2 for consumer businesses

    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

  • Reliance Consolidated September 2022 Net Sales at Rs 232,863.00 crore, up 33.75% Y-o-Y Oct 21, 2022 09:22 PM IST

    Reliance Consolidated September 2022 Net Sales at Rs 232,863.00 crore, up 33.75% Y-o-Y

  • Reliance Standalone September 2022 Net Sales at Rs 140,358.00 crore, up 35.72% Y-o-Y Oct 21, 2022 09:22 PM IST

    Reliance Standalone September 2022 Net Sales at Rs 140,358.00 crore, up 35.72% Y-o-Y

  • Reliance to spin off financial services wing, list it on bourses Oct 21, 2022 09:13 PM IST

    Reliance to spin off financial services wing, list it on bourses

    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 | Consolidated revenue rises 34% to Rs 2.33 lakh crore, EBITDA up 14.5% YoY Oct 21, 2022 05:03 PM IST

    RIL Q2 results Highlights | Consolidated revenue rises 34% to Rs 2.33 lakh crore, EBITDA up 14.5% YoY

    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."

  • Reliance said to be sole bidder for metro’s India business Oct 14, 2022 08:18 AM IST

    Reliance said to be sole bidder for metro’s India business

    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.

  • Reliance Retail, NBA sign multi-year contract to launch merchandise in India Oct 12, 2022 04:20 PM IST

    Reliance Retail, NBA sign multi-year contract to launch merchandise in India

    The merchandise is available at select Reliance Retail stores and on Reliance Retail’s e-commerce platforms

  • Reliance Industries aims to raise $1.5 billion and Jio $2.5 billion in foreign loans Oct 10, 2022 11:14 AM IST

    Reliance Industries aims to raise $1.5 billion and Jio $2.5 billion in foreign loans

    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.

  • Witness the mega stars of Indian entertainment at CNN-News18 Indian of the Year 2022 Oct 07, 2022 08:15 PM IST

    Witness the mega stars of Indian entertainment at CNN-News18 Indian of the Year 2022

    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

  • CNN-News18 to recognize top sportspersons at Indian of the Year 2022 Oct 07, 2022 08:09 PM IST

    CNN-News18 to recognize top sportspersons at Indian of the Year 2022

    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.

  • CNN-News18 Indian of the Year 2022 to honour the manifold achievements of iconic Indians Oct 07, 2022 07:58 PM IST

    CNN-News18 Indian of the Year 2022 to honour the manifold achievements of iconic Indians

    India’s most prestigious awards are back to felicitate personalities across the fields of Sports, Entertainment, Politics, Startups, Social Change, and Climate Warrior

  • Unknown caller issues life threats to Mukesh Ambani and family, Mumbai Police starts probe Oct 05, 2022 02:52 PM IST

    Unknown caller issues life threats to Mukesh Ambani and family, Mumbai Police starts probe

    Offence in this incidence is being registered at DB Marg Police Station and further investigation in this matter is being done by Mumbai Police.

  • Akash Ambani named to Time's list of 100 emerging leaders as the only Indian Sep 29, 2022 07:42 AM IST

    Akash Ambani named to Time's list of 100 emerging leaders as the only Indian

    "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.

  • Good time to buy some cement stocks, says Gautam Shah of Goldilocks Research Sep 27, 2022 03:03 PM IST

    Good time to buy some cement stocks, says Gautam Shah of Goldilocks Research

    Gautam Shah said that the Indian market is in a "short-term downtrend".

  • Reliance New Energy to buy 20% stake in US-based Caelux for $12 million Sep 23, 2022 08:02 AM IST

    Reliance New Energy to buy 20% stake in US-based Caelux for $12 million

    Reliance New Energy and Caelux have also entered into a strategic partnership agreement for technical collaboration and commercialisation of latter’s technology.