Mukesh Ambani is now world's 8th richest person - Check his total wealth
Business | March 02, 2021 14:24 ISTMukesh Ambani's wealth increased 24 per cent on a year-on-year basis on the back of a surge in the value of energy-to-telecom giant RIL.
Mukesh Ambani's wealth increased 24 per cent on a year-on-year basis on the back of a surge in the value of energy-to-telecom giant RIL.
RIL is finalising the O2C separation as its talks for a stake-sale to Aramco are back on track, according to reports.
RIL said that its O2C Scheme has become effective from January 1, 2021 and required regulatory approval from SEBI and stock exchanges has already been received.
Reliance Industries Limited (RIL) will be setting up the world's largest zoo in Gujarat's Jamnagar district.
The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain subject to necessary approvals, according to the firm's third quarter earnings announcement.
A Purchase and Sale Agreement has been signed between Reliance Marcellus and NOG on February 3, 2021 for this sale and the transaction is subject to customary terms and conditions of closing.
Equity benchmark Sensex declined over 140 points in early trade on Thursday as index-heavyweights Reliance Industries, Infosys and HDFC twins witnessed intense selling pressure.
Equity benchmark indices shed 1 per cent in a volatile trading session on Monday with Reliance Industries losing by 5 per cent after the announcement of Q3 earnings. The BSE S-P Sensex closed 531 points or 1.09 per cent lower at 48,348 while the Nifty 50 edged lower by 133 points or 0.93 per cent to 14,239. Sectoral indices at the National Stock Exchange were mixed with Nifty IT dipping by 1.7 per cent while pharma rising by 1.7 per cent. Among stocks, Reliance Industries cracked by 5.6 per cent to Rs 1,935.15 per share after reports said the Mukesh Ambani-led conglomerate has spined off of the oil-to-chemical business into a new unit that will help it pursue growth opportunities with strategic partnerships. At the same time, it saw its profit jump 12.5 per cent to Rs 13,101 crore during the quarter ended December.
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) has seen pre-tax profit recover to pre-pandemic levels on the back of continued growth in consumer businesses, Moody's Investors Service said on Monday.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a better-than-expected 12 per cent rise in December quarter net profit on improving oil-to-chemical business, strong continued momentum in retail and steady telecom unit Jio.
Jio Platforms, which provides digital and telecom services, had posted a net profit of Rs 3,020 crore in the previous quarter.
The Reliance Industries Limited made an offering of Rs 1.01 crore at the famous hill shrine of Lord Venkateswara at Tirumala near here on the New Year eve on Thursday, an official said.
Chinese billionaire businessman Zhong Shanshan has replaced India's Mukesh Ambani to become Asia's richest person. He has also eclipsed Chinese tech giants including Jack Ma in the list.
Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is “reviewing” the Delhi High Court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance.
The combined market valuation of five of top-10 most valued firms declined by ₹91,699 crore last week, with heavyweight Reliance Industries emerging as the worst hit. Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Limited, Kotak Mahindra Bank and Bajaj Finance were the gainers.
Billionaire Mukesh Ambani-run Reliance Industries Ltd''s retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore.
Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 15 per cent drop in second quarter net profit after the pandemic-hit oil demand dragged down continued good showing in consumer-facing businesses such as telecom.
Global investment firm KKR on Thursday said it has floated a separate company, Virescent Infrastructure, to acquire renewable energy assets in India. Virescent currently owns 317 MW of solar assets located in Maharashtra and Tamil Nadu.
Equity benchmark Sensex plunged 540 points on Monday, tracking heavy losses in index majors Reliance Industries, HDFC Bank and ICICI Bank amid negative cues from global markets.
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