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Feb 23, 2021 12:32 PM IST The proposed reorganisation of the O2C business adds to the prospect of raising growth capital, which in turn will serve as a catalyst for the legacy growth engine of RIL
Feb 23, 2021 07:51 AM IST The new subsidiary will lead RIL’s move towards clean energy and sustainable value creation. Company expects various approvals for the reorganisation to be in place by the second quarter of FY22
Feb 22, 2021 01:07 PM IST The apex court has allowed NCLT proceedings, provided the tribunal does not sanction final orders
Feb 04, 2021 09:31 AM IST In July 2020, Chairman and Managing Director Mukesh Ambani had unveiled plans to turn Reliance Industries into a net carbon zero company by 2035.
Feb 02, 2021 04:17 PM IST Last week, Kishore Biyani said that Amazon’s bid to stall Future Group’s $3.4 billion retail assets sale is similar to Alexander the Great’s “ruthless ambition to scorch the earth."
Jan 25, 2021 09:05 PM IST TCS also surpassed Reliance Industries to become the most valued firm in the country for the second time. TCS’ market capitalisation stood at $169.21 billion on January 25 as against Accenture’s $168.8 billion and RIL's $168.47 billion.
Jan 22, 2021 08:51 PM IST Value of Sales and Services for 3Q FY21 decreased by 8 percent on a QoQ basis to Rs 37,845 crore while EBITDA for 3Q FY21 increased by 54 percent QoQ to a record Rs 3,087 crore.
Jan 05, 2021 06:56 PM IST In a media statement issued on January 4, RIL sought the urgent intervention of Government authorities to bring a complete stop to the illegal acts of vandalism by miscreants.
Dec 25, 2020 09:39 PM IST RIL had formed an equal joint venture with IMG Worldwide in 2010 to develop, market and manage sports and entertainment in India.
Dec 15, 2020 12:26 PM IST Mark Zuckerberg and Reliance Industries (RIL) Chairman Mukesh Ambani spoke at the Facebook Fuel for India 2020 event on December 15.
Nov 23, 2020 09:36 AM IST "Commission approves acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited," CCI wrote on Twitter.
Nov 20, 2020 06:21 PM IST Earlier in August, Mukesh Ambani-led Reliance Industries Ltd had announced the acquisition of retail businesses of Kishore Biyani's Future Group for Rs 24,713 crore
Nov 19, 2020 07:21 PM IST Since September 25, the company has sold 10.09 percent stake in RRVL to private equity firms Silver Lake Partners, KKR, GIC, TPG and General Atlantic, as well as sovereign wealth funds Mubadala, Abu Dhabi Investment Authority and PIF.
Nov 15, 2020 12:01 PM IST Reliance Retail Ventures Limited, a unit of Reliance Industries, has an option of buying the remaining stake, the company said, adding that it intends to invest a further 750 million rupees by December 2023.
Nov 14, 2020 07:48 PM IST After touching a record high in opening deals, the benchmarks remained in the green for the complete one-hour session.
Nov 06, 2020 06:54 PM IST Saudi Arabia’s Public Investment Fund announced an investment of Rs 9,555 crore in Reliance Retail for a 2.04 percent stake.
Nov 05, 2020 04:13 PM IST The investment by PIF, a sovereign wealth fund, in Reliance Retail Ventures (RRVL) follows its earlier acquisition of 2.32% of Jio Platforms, the digital unit of Reliance Industries. RIL has so far sold 10.09% in RRVL for a total Rs 47,265 crore.
Nov 02, 2020 09:43 PM IST How can Future Retail couldn't be concerned with arbitration proceedings which are lying between Amazon and some other company, though it may belong to the Future Group, says the senior lawyer
Nov 02, 2020 07:48 PM IST Experts are of the view that the market snapped three-day losing streak which is a positive sign but advise investors to remain cautious, and focus more on the banking space which looks ripe to reclaim 25,000.
Nov 02, 2020 01:09 PM IST Future Retail Ltd (FRL), in a regulatory filing, noted that as an alternative to its claim and injunctive reliefs against the scheme, Amazon has sought Rs 1,431 crore damages along with interest, the amount invested by the US e-commerce major into Future Coupons Pvt Ltd (FCPL).
Oct 27, 2020 07:21 PM IST Does Amazon intend to get into brick-and-mortar retail, or are these tactical moves to scuttle competition to remain a dominant player in one of the world’s fastest growing retail markets?
Oct 26, 2020 04:30 PM IST Money in the hands of the working population that has strived more than the usual due to pandemic, especially during the festive season, is bound to increase spending
Oct 26, 2020 01:28 PM IST RIL’s decision to roll back pay cuts could create a ripple effect prompting other corporates to follow suit, and, this could spur the economy and give Aatmanirbhar Bharat a shot in the arm
Oct 21, 2020 05:05 PM IST This development puts India in a niche club of few countries like US, South Korea, Australia, Switzerland and Germany that offer 1 Gbps speeds to 5G users.
Oct 19, 2020 07:27 PM IST Finance Minister Nirmala Sitharaman also said the Centre would come out with fresh growth and budgetary estimates for the COVID-19 pandemic-hit 2020-21.
