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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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  • Reliance succession plan is a classic playbook for other businesses Jul 01, 2022 07:06 PM IST

    Reliance succession plan is a classic playbook for other businesses

    Ambani's succession plan comes against a backdrop of financial stability and is part of an overall group restructuring.

  • MCap of nine of top-10 valued firms jumps Rs 2.51 lakh crore; TCS lead gainer Jun 26, 2022 10:48 AM IST

    MCap of nine of top-10 valued firms jumps Rs 2.51 lakh crore; TCS lead gainer

    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 terms telcos' argument on captive private 5G networks as absurd, impractical Jun 21, 2022 02:35 PM IST

    Broadband India Forum terms telcos' argument on captive private 5G networks as absurd, impractical

    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.

  • Market crash: Top 10 firms lose Rs 3.91 lakh crore in m-cap; TCS, Reliance biggest laggards Jun 19, 2022 11:11 AM IST

    Market crash: Top 10 firms lose Rs 3.91 lakh crore in m-cap; TCS, Reliance biggest laggards

    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.

  • Mission is to take IPL to cricket fans in every part of India and around the world: Nita Ambani Jun 15, 2022 09:17 PM IST

    Mission is to take IPL to cricket fans in every part of India and around the world: Nita Ambani

    Viacom’s IPL digital rights win also provides an exceptional opportunity for advertisers to reach a larger, younger, more relevant and highly-engaged audience.

  • Govt loses challenge to USD 111 mn arbitration award in dispute with Reliance/Shell Jun 12, 2022 07:36 PM IST

    Govt loses challenge to USD 111 mn arbitration award in dispute with Reliance/Shell

    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.

  • Mukesh Ambani richest in Asia, up at 8th rank on Bloomberg Billionaires list Jun 03, 2022 01:27 PM IST

    Mukesh Ambani richest in Asia, up at 8th rank on Bloomberg Billionaires list

    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

  • Private telcos to hike tariffs in H2; FY23 revenues to jump by a fourth: Report May 31, 2022 05:34 PM IST

    Private telcos to hike tariffs in H2; FY23 revenues to jump by a fourth: Report

    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

  • Amazon preaching governance is akin to demon preaching vedas: Future Retail’s independent directors May 30, 2022 02:47 PM IST

    Amazon preaching governance is akin to demon preaching vedas: Future Retail’s independent directors

    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 to acquire dozens of brands in $6.5 billion consumer goods play: Report May 15, 2022 05:11 PM IST

    Reliance to acquire dozens of brands in $6.5 billion consumer goods play: Report

    Reliance is in final stages of negotiations with around 30 popular niche local consumer brands to fully acquire them

  • Mcap of eight of top-10 firms tumbles over Rs 2.48 lakh crore May 15, 2022 11:46 AM IST

    Mcap of eight of top-10 firms tumbles over Rs 2.48 lakh crore

    The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.

  • Ashni Biyani resigns as MD of Future Consumer for ‘personal reasons’ May 12, 2022 04:54 PM IST

    Ashni Biyani resigns as MD of Future Consumer for ‘personal reasons’

    Samson Samuel has been appointed as the CEO of Future Consumer.

  • Reliance Consolidated March 2022 Net Sales at Rs 211,887.00 crore, up 36.79% Y-o-Y May 09, 2022 09:00 AM IST

    Reliance Consolidated March 2022 Net Sales at Rs 211,887.00 crore, up 36.79% Y-o-Y

  • Reliance Standalone March 2022 Net Sales at Rs 133,991.00 crore, up 55.85% Y-o-Y May 09, 2022 08:33 AM IST

    Reliance Standalone March 2022 Net Sales at Rs 133,991.00 crore, up 55.85% Y-o-Y

  • Reliance expects gas prices to rise again in October May 08, 2022 08:10 PM IST

    Reliance expects gas prices to rise again in October

    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.

  • Mcap of top-10 most valued firms falls over Rs 2.85 lakh crore; Reliance biggest drag May 08, 2022 10:26 AM IST

    Mcap of top-10 most valued firms falls over Rs 2.85 lakh crore; Reliance biggest drag

    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.

  • Future Group lenders plan to drag sister companies to bankruptcy court, seek maximum debt recovery Apr 25, 2022 05:13 PM IST

    Future Group lenders plan to drag sister companies to bankruptcy court, seek maximum debt recovery

    Lenders think a group insolvency process could be the best way forward for banks to maximise debt recovery and reduce legal hurdles.

  • Mcap of 8 of top-10 most valued firms lose Rs 2.21 lakh crore; Infosys, HDFC Bank biggest drags Apr 24, 2022 11:17 AM IST

    Mcap of 8 of top-10 most valued firms lose Rs 2.21 lakh crore; Infosys, HDFC Bank biggest drags

    From the top-10 pack, only Reliance Industries and Adani Green Energy emerged as the gainers.

  • Reliance Retail to launch dedicated artisan-only stores to boost ‘Handmade in India’ programme Apr 21, 2022 04:59 PM IST

    Reliance Retail to launch dedicated artisan-only stores to boost ‘Handmade in India’ programme

    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.

  • Amazon has destroyed us, Future Retails tells Supreme Court Apr 01, 2022 02:11 PM IST

    Amazon has destroyed us, Future Retails tells Supreme Court

    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

  • India’s business families have unique values that are worth emulating Mar 31, 2022 02:26 PM IST

    India’s business families have unique values that are worth emulating

    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

  • SC to hear Amazon's plea for protection of Future group's assets on March 23 Mar 16, 2022 02:17 PM IST

    SC to hear Amazon's plea for protection of Future group's assets on March 23

    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

  • The relevance of the December 2021 CCI order to the Amazon-Future dispute Mar 15, 2022 07:11 PM IST

    The relevance of the December 2021 CCI order to the Amazon-Future dispute

    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.

  • Future-Amazon talks to resolve wrangle fail, ecommerce giant flags retail assets transfer to Reliance Mar 15, 2022 12:12 PM IST

    Future-Amazon talks to resolve wrangle fail, ecommerce giant flags retail assets transfer to Reliance

    Amazon presses for resumption of arbitration proceedings and asks Supreme Court to grant interim relief against transfer of Future Retail's assets to Reliance

  • 9 of top 10 firms gain Rs 1.91 lakh crore in m-cap; Reliance, Infosys biggest winners Mar 13, 2022 10:40 AM IST

    9 of top 10 firms gain Rs 1.91 lakh crore in m-cap; Reliance, Infosys biggest winners

    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.

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