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
Ambani's succession plan comes against a backdrop of financial stability and is part of an overall group restructuring.
HDFC Bank, Infosys, Hindustan Unilever Limited and ICICI Bank were among the gainers while Reliance Industries was the sole loser in the pack.
Broadband India Forum, an industry association, called telecoms' claims for an equal playing field between public and captive private 5G networks "absurd and unworkable," asserting that the two are separate sets of services that are not competing with each other.
Past week, the BSE Sensex plunged 2,943.02 points or 5.42 per cent, while the NSE Nifty declined 908.30 points or 5.61 per cent.
Viacom’s IPL digital rights win also provides an exceptional opportunity for advertisers to reach a larger, younger, more relevant and highly-engaged audience.
High Court judge Ross Cranston on June 9, 2022 ruled that the government should have brought its objections over the arbitration tribunal not meeting the required thresholds, when issuing the 2021 award earlier, two sources with knowledge of the matter said.
Ambani who has a net worth of $99.7 billion is placed eighth on the Bloomberg Billionaires Index while Adani with a net worth of $98.7 billion is ranked ninth
According to a report released on Tuesday, the country's top three private telecom operators would resort to another wave of rate hikes in the second half of the current fiscal year, ending FY23
In a reply to Amazon’s letter, which alleged that the directors helped the company in the transfer of retail stores to Reliance, the independent directors of Future Retail have refuted the allegations and said there has been no stratagem whatsoever to handover any stores to Reliance.
Reliance is in final stages of negotiations with around 30 popular niche local consumer brands to fully acquire them
The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.
Samson Samuel has been appointed as the CEO of Future Consumer.
The conglomerate, controlled by billionaire Mukesh Ambani, expects the price cap for its KG-D6 gas sales to rise over the current $9.92 per million British thermal units, Sanjay Roy, senior vice-president for exploration and production, said in an investor call following the announcement of its quarterly earnings on Friday.
On a weekly basis, the Sensex slumped 2,225.29 points or 3.89 per cent, while the Nifty lost 691.30 points or 4.04 per cent.
Lenders think a group insolvency process could be the best way forward for banks to maximise debt recovery and reduce legal hurdles.
From the top-10 pack, only Reliance Industries and Adani Green Energy emerged as the gainers.
The first such Swadesh store is expected to open in the second half of the current year and will house a wide range of products including handmade textiles, handicrafts, agriculture products and other artisanal merchandise sourced directly from artisans, RRL said in a statement.
The apex court was hearing Amazon's plea seeking to restrain Future Retail from alienating its retail assets until the arbitration between the US-based e-commerce giant and the Future group concludes
In a world where multinational corporations and professional managers think nothing of resorting to mass layoffs to lower their costs, some of India’s business families serve as excellent models of placing human beings before shareholder returns
Amazon has filed an application for the protection of Future Retail's shops and assets from being taken over during the pendency of the legal dispute between the two parties
In a one-of-its-kind move, the CCI kept in abeyance its approval for the 2019 investment deal on the grounds that Amazon had not divulged its real intention with respect to the investment deal with Future Coupons.
Amazon presses for resumption of arbitration proceedings and asks Supreme Court to grant interim relief against transfer of Future Retail's assets to Reliance
Last week, the benchmark Sensex jumped 1,216.49 points or 2.23 per cent. From the gainers' pack, Reliance Industries Limited (RIL) added Rs 49,492.7 crore, taking its valuation to Rs 16,22,543.06 crore.